NIH Grant Financial Analyst - Comparative Medicine
REFER A FRIEND Current Employees Apply BACK Location : Houston Methodist Academic Institute
6670 Bertner Ave, Houston, TX 77030
Job Ref : 66390 Talent Area : Finance and Legal Job Shift : 1st - Day Job Type : Full-Time Posted Date : Feb. 3, 2025
The Financial Analyst at Houston Methodist is responsible for analyzing financial data, compiling reports, and supporting departments like Financial Accounting, Internal Audit, and Revenue Cycle. The role includes routine data analysis, monthly reporting, and assisting with budgets and performance indicators. Additionally, the Analyst supports the Comparative Medicine department by ensuring compliance with regulations for research animal orders and managing supplies, pharmaceuticals, and invoicing. This position also prepares monthly invoices for cost recovery and collaborates with Supply Chain and Accounts Payable to ensure efficient operations.
Requirements :
PEOPLE ESSENTIAL FUNCTIONS
- Interacts with all levels within the department, other institutional departments, and across the organization as well as outside companies to resolve problems / errors or questions regarding basic accounting reconciliation items or financial performance.
- Effectively and proactively communicates with all stakeholders to resolve issues and discrepancies in a timely manner and ensures their accurate understanding of the analytics.
SERVICE ESSENTIAL FUNCTIONS
Extracts actual and budget financial accounting General Ledger (G / L) data or financial data from appropriate sources to report and reconcile with appropriate leadership. Generates accurate and timely reports.upports department management with preparation of the annual operating and capital budget. Submits invoices and follows-up with industry partners as needed. In addition, prepares necessary journal entries for coordinator effort and Principal Investigator (PI) oversight as assigned.QUALITY / SAFETY ESSENTIAL FUNCTIONS
Reviews revenue projections, budget revisions, etc., for physician practice, academic department or assigned hospital entity and department(s).Monitors and reports key system operational indicators and alerts leadership potential performance issues.Follows all internal audit requirements for appropriate system applications.Utilizes / enhances tools to improve the accuracy of financial analytics and enhance revenue opportunities.FINANCE ESSENTIAL FUNCTIONS
Performs one or more of the following :Supports the development of auditing, reporting and contract modeling tools as needed for identification and analysis of rate and / or fee schedule auditing, financial performance and contract performance as well as modeling and analysis of potential opportunities.Maintains monthly dashboard of key indicators and external benchmarks as defined by management. Prepares and maintains revenue models. Compiles information needed for organization profit and loss statement as required.Reviews contracts / calculates provider productivity bonuses / compensation models as appropriate.Assists in preparation of gift, grant and contract budget proposals as needed. Assists in the oversight of department's financial files for all grants, contracts, and donor funding and verifies that all faculty, staff and research personnel are charged to the appropriate funding source via submission of a salary reallocation form as appropriate.Utilizes resources effectively and efficiently, demonstrating financial stewardship. Manages own time effectively and prioritizes work to achieve maximum results in a timely manner.GROWTH / INNOVATION ESSENTIAL FUNCTIONS
Maintains procedures and Standards of Practice (SOP's) for reconciliation process.Maintains working knowledge of cost accounting system, clinical trials management systems or others and their relationship to other financial and non-financial systems. Maintains working knowledge of hospital and physician compensation methodologies and affecting government regulations, as applicable.Proactively manages own career development. Completes My Development Plan (MDP).This job description is not intended to be all-inclusive; the employee will also perform other reasonably related business / job duties as assigned. Houston Methodist reserves the right to revise job duties and responsibilities as the need arises.
Qualifications : EDUCATION
Bachelor's degree in finance, accounting, healthcare administration, business administration or related fieldWORK EXPERIENCE
One year experience of financial, budget or cost accounting preferredLICENSES AND CERTIFICATIONS - REQUIRED
N / AKNOWLEDGE, SKILLS, AND ABILITIES
Demonstrates the skills and competencies necessary to safely perform the assigned job, determined through on-going skills, competency assessments, and performance evaluations.Sufficient proficiency in speaking, reading, and writing the English language necessary to perform the essential functions of this job, especially with regard to activities impacting patient or employee safety or security.Ability to effectively communicate with patients, physicians, family members and co-workers in a manner consistent with a customer service focus and application of positive language principles.Analytical thinking and creative problem solving and ability to define a variety of approraches to business problemsUnderstanding of business process analysis, system requirements, data modeling and functional designProject Management skills
