Senior Financial Analyst

Description

JOB PURPOSE:

The Senior Financial Analyst contributes to the overall success of the organization by effectively leading financial reporting and annual budgeting while also performing financial analytics to measure the profitability of existing or prospective business activities. This position will be responsible for working with cross-functional teams and communicating the appropriate level of detail to management.

ESSENTIAL FUNCTIONS INCLUDE BUT NOT LIMITED TO:

Financial Reporting

• Leads monthly process of financial reporting and analytical review at the Avem Health Partners and hospital level.
• Assists with maintaining and routinely tracking the organizational, department, and client budgets.
• Assists with preparing a budget to actual variance analysis monthly and prepares a narrative explaining changes and reasons for variances.
• Analyzes census trends and utilization rates on an individual service line basis (facility).
• Analyzes payor mix statistics and impact of various service lines on facility payor mix and reimbursement.
• Tracks Avem Health’s cash collection rates and performs a profitability by service line analysis monthly.
• Tracks Avem Health’s profitability by client and analyzes the impact of client cash collection trends on the company.
• Implements monthly facility departmental variance reporting for use by operations as a management tool.
• Assist with preparation of monthly, quarterly, and annual reporting presentation.
• Assist with Capital expenditures tracking and reporting.
• Provides leadership and guidance to other financial analysts.
• Assist with ad-hoc analysis and project work as needed.

Financial Analysis and Modeling

• Assists with maintaining the company financial models including software and forecasting model management.
• Assists with the acquisition targets by running financial models to predict the impact of Avem Health’s financial and operational models on the target facility.
• Assists with maintaining all cost report models on client hospitals.
• Runs Fair Market Value and other “what if” analyses on a regular basis to determine the impact of new service lines both from Avem Health’s perspective and the client hospital’s perspective.
• Supports all operations initiatives by creating financial impact analyses, pro forma analyses, and ROI analyses.
• Analyzes and tracks Avem Health’s project costs and build facilities improvement project budgets that can be utilized in analyzing new client opportunities and financial performance improvements.
• Analyzes the financial impact on regulatory and reimbursement changes.

BEHAVIORAL STANDARDS

• The individual must support the mission, vision, and goals of Avem Health Partners and serve as a role model within the company.
• Exhibits positive customer service behavior in everyday work interactions.
• Demonstrates a courteous and respectful attitude to internal workforce and external customers.
• Communicates accurately and appropriately.
• Handles difficult situations in a discreet and professional manner.
• Holds self-accountable for professional practice.
• Participates in performance improvement activities utilizing principles to support and improve departmental goals.
• Demonstrates knowledge of unit goals and is active in committees and projects to achieve these goals.
• Keeps current with literature regarding changing practices, interventions and best practices.
• Assumes responsibility for seeking out educational and professional opportunities for personal learning needs and growth as well as meeting mandatory education requirements.
• Demonstrates excellent ability to work seamlessly in a team environment. Positively contributes to the already excellent work culture.
• Demonstrates excellent work attendance and actively participates in a variety of meetings and training sessions as required.
• Adheres to the Avem Health Code of Conduct and Standards of Behavior. Complies with established policies and procedures and all health and safety requirements.

EDUCATION/QUALIFICATIONS:

• Bachelor’s in Accounting, Finance, or Business Management/Administration.
• Five (5) years of progressive Accounting/Analyst, budget and leadership experience.
• Healthcare industry experience preferred.
• Shows exceptional hands-on data management, modeling and IT skills, while being mindful of new technology developments.
• Shows ability to handle high levels of pressure and critical decision-making.

CERTIFICATION/LICENSURE:

• CPA, CFP, PMP, CSAF or CHFP preferred.

PHYSICAL REQUIREMENTS:

• To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. Such accommodations must be requested by the employee/applicant to be considered.
• This job requires visual abilities, and auditory abilities to be intact to perform duties.

Qualifications