What are the responsibilities and job description for the Senior Financial Analyst - Urology position at Jobs@UIOWA?
The University of Iowa Hospitals & Clinics Department of Urology is ready to welcome a collaborative and motivated Senior Financial Analyst to perform a broad range of complex financial and cost accounting analysis of financial reports and data. The primary responsibilities of this position will be to provide accounting, financial, and productivity analysis, leadership, and support for the Department of Urology. Services include but are not limited to establishing accounting principles, transaction monitoring, financial accounting, productivity analysis and monitoring, designing and providing timely analytical reports on finances, costs, expenditures, and operations, preparing financial reports, and reviewing departmental financial status with department leadership regularly. Develop, implement, and advise managers/faculty and staff on UI/UIHC/COM finance policies and practices. Serves as finance representative and/or provide administrative interface to other University, UIHC, COM and constituencies internal and external to the Department. The position requires a high level of collaboration, attention to detail, accuracy, and independent judgement.
- Review totals, prepare monthly & yearly reports, accruals, salary & fringe predictions for quarterly and yearly budgets. Monthly monitoring and validation of general ledger and all entries.
- Monitor and reconcile account expenditures, irregularities, answer inquiries regarding usage and status of accounts; advise in usage and status of account; provide recommendations and implement corrective action.
- Set up and monitor salary splits for the department over all MFKs.
- Develops forecasting reports for monitoring and trending of data related to all areas of urology for budgeting purposes.
- Obtain, facilitate, and manage contracts internally and externally from UIHC.
- Reconciles bank deposits.
- Understands risk points and works to minimize.
- Develop overall understanding of accounting structure and ensure reimbursement is being received appropriately.
- Research and follow up with payers as appropriate/needed when remits or reimbursements are not as expected.
- Work with financial team to balance accounts, set up accruals, close out accounts, review malpractice reports, work on departmental budgets, forecasts and analyze data as requested.
- Review and analyze Funds Flow monthly and prepare entries to have funds deployed to proper MFKs.
- CCOM commitments & purchased services evaluated and tracked.
- Assist with analysis of payments, payer mix, and other data as determined.
- Review data on a pre-defined basis for analysis and sharing with leadership team.
- Prepares dashboards related to different areas (overall, area specific, specialty) of urology practice.
- Provide analytical support, including design, implementation, coordination, and data querying to support financial improvements.
- Prepare forecasts for Administrator, as requested, for numerous reports from expenses, salaries, VA commitments, monthly departmental snapshots and comparison to prior years.
- Assist with the development of financial proformas for financial planning.
- Through data analysis, identify opportunities for business improvements.
- Liason with the University of Iowa Foundation and review spending and money transfers as needed.
- Point person for Department of Urology and between University and outside entities.
- Set up bill areas for new providers, entering effort into METS and generating reports & reviewing each provider.
- Analyzing areas that can be streamlined and implementing efficiencies.
- Correcting accounts with JE and or WebCV, payCV and requesting corrections from other departments as needed.
- Process transactions/payments as appropriate in ProTrav system.
- Answer questions & resolve account discrepancies with budgeting, salaries, new hires, MFKs, remaining balances & assets in clinic.
- Approval officer for the departmental transactions in workflow.
- Training/guiding new employees in the department on monthly & yearly tasks.
- Teach new employee to review statements, TDRS, pCards, allotments, travel & purchasing policies.
- Review work for accuracy and making changes as needed.
- Work with HR to align salaries between the UI and VA surgeons.
- Assisting within our new team with HR questions, MFK questions, travel, purchasing & troubleshooting where needed.
- Development of project plans and workflows.
Required Qualifications
- Bachelor’s degree in business administration, Finance and Accounting or related field, or an equivalent combination of education and experience
- Minimum 3 years accounting, auditing, cost accounting, budget and/or financial analysis experience is required.
- Excellent written and verbal communication skills are required.
- Experience gathering information from multiple data sources understanding the context and demonstrating detailed analytical skills with the ability to turn raw data into actionable information.
- Proficiency in computer software applications, including Microsoft Excel, Access, Word and Outlook.
Desirable Qualifications
- Experience working in a large academic medical center.
- Knowledge of University accounting policy, procedure and systems.
- Knowledge of accounting and budgeting tools including: Peoplesoft, StrataJazz, GL Reporter, and UI Electronic Financial Reports (EFR)
Application Process:
In order to be considered for an interview, applicants must upload the following documents and mark them as a “Relevant File” to the submission:
• Resume
Job openings are posted for a minimum of 14 calendar days and may be removed from posting and filled any time after the original posting period has ended.
