Financial Analyst III

ECU Health

About ECU Health Medical Center

ECU Health Medical Center, one of four academic medical centers in North Carolina, is the 974-bed flagship hospital for ECU Health and serves as the primary teaching hospital for The Brody School of Medicine at East Carolina University. ECU Health Medical Center has achieved Magnet® designation twice and provides acute and intermediate care, rehabilitation and outpatient health services to a 29-county region that is home to more than 1.4 million people.

Position Summary

As part of the Finance Operations team this role uses financial, operational, clinical, and strategic data to create models and analyses of an advanced and complex nature. Your primary responsibility is to create and interpret complex financial analyses and reports, aiding management in making strategic decisions. You'll handle various analytical tasks, including budgeting, business plan development, service line reporting, revenue analysis, and ad hoc projects. This role requires a solid understanding of financial and clinical data from multiple sources, along with the ability to synthesize information for effective organizational planning. You will be a bridge between Finance, Administration, and Operations, ensuring smooth communication across these departments.

Responsibilities

Develops complex financial reports and analysis for senior management and external agencies. Presents reports to senior management or committees.

Conduct detailed financial analyses, including service line reporting, cost/revenue assessments, business plan development and budgeting. These analyses will cover volume, reimbursement, payer mix, and operating costs

Assist in creating and maintaining reports for business operations and special projects to provide managers and directors with financial information to make strategic and operational decisions

Maintain communication with assigned department managers and administrative staff in the preparation and analysis of complex financial reports, to provide information and to resolve complex problems

Monitors and analyzes budget expenditures and prepares detailed reports and analysis on trends. Compiles budgetary and fiscal data received from assigned departments. Analyzes and evaluates departmental budget requests to prepare budgetary documents, reports and recommendations. Presents fiscal data of assigned departments at budget hearings. Advises senior leaders on budget trends and issues.

Prepare and maintain monthly reports/dashboards to monitor key financial and operational metrics.

Works in tandem with department heads, executive staff, and finance leadership in the development of the annual operating budget. Contributes to the capital budget development and identifies where capital projects have operating cost impacts.

Serve as a liaison between Finance, Administration, and other hospital departments.

Construct feasibility analyses, Pro Forma statements, and A3s using standard and advanced financial techniques. Proper calculation of volume, revenue, net revenue, and direct and indirect costs that are integral to the analysis. Works in concert with department leads in the development of these products.

Present results in clear, actionable formats, often using data visualization tools. Work closely with requestors to ensure accurate interpretation of results.

Serves as a department lead, mentoring and training lower level staff and assuming responsibility for the most complex budget and financial issues.

Minimum Requirements

Bachelor's Degree or higher is required.

Minimum of 5 years experience in financial planning or analysis

Excellent data analysis and computer skills particularly with Microsoft Excel

Excellent analytical and customer problem resolution skills.

Possess strong people skills to effectively communicate with cross-functional teams including staff at all levels of the organization

Ability to successfully negotiate and collaborate with others of different skill sets, backgrounds, and levels within and external to the organization.

Ability to effectively conduct meetings, both formal and informal

Requires minimal direction from leadership and possesses the ability to learn quickly.

Preferred Requirements

Master's Degree Preferred.

If not a master's, minimum of 5 years experience in financial planning or analysis

If Master's, minimum of 3 years experience in financial planning or analysis

Other Information

#LI-MW1