What are the responsibilities and job description for the Financial Analyst - Operations Budget position at Operations Budget - Jobs@UIOWA Careers?
University of Iowa Health Care Department of Finance & Accounting Services is seeking a Financial Analyst to assist with coordinating the preparation of annual operating budgets for all units within the University of Iowa Health Care. The FA will work closely with the Manager of Hospital Operating Budgets and other UI Health Care staff to assist in the annual budget development and ongoing monitoring of actual versus budget performance on a routine basis.
Hybrid within Iowa: This position is eligible for on-campus and remote work following an onsite training period. Remote work must be performed within Iowa and will require a work arrangement form to be completed upon starting your employment. Per policy, work arrangements will be reviewed annually and must comply with the remote work program and related policies and employee travel policy when working at a remote location
Position Responsibilities
- Assist the Manager of Hospital Operating Budgets in planning, developing, reviewing, and compiling the annual University of Iowa Health Care budget units.
- Assist in analyzing and preparing data, including Statistics, RVUs, gross and net revenues, hours, labor expenses, and non-labor expenses, for use in the budget process.
- Help provide ongoing support to departmental and management staff regarding financial data and processes.
- Assist in the preparation of analysis and monitoring of actual performance versus budget. Work with departmental managers to analyze and understand variances.
- Analyze the submitted budgets to determine if they are reasonable, accurate, and attainable. Provide recommendations for change to administrators.
- Support the development, implementation, and maintenance of the Strata operating budget system and other data sources used to support the budget process.
- Provide support and analysis for departmental and management questions and new requests as they arise.
- Develop working relationships with Hospital and other health care area departments and provide timely and accurate information to management and departmental requests.
- Develop working relationships with UI departments and external parties, including UI Accounting Services, Strata consultants, auditors, etc.
Required Qualifications
- Bachelor’s degree in Business Administration or Accounting or an equivalent combination of education and experience is required.
- 1-3 years of accounting, budgeting and/or financial analysis experience
- Reasonable knowledge of complex financial and statistical analysis and presentation.
- Demonstrated proficiency in computer software applications.
- Excellent written, verbal, and interpersonal communication skills
- Strong attention to detail
- Ability to prioritize and coordinate inquiries from departments, managers, and administration.
Desired
- Relevant healthcare accounting experience preference given to a background in hospital budgeting.
- Experience with system tools including but not limited to: GL Reporter, Strata operating budget software, Strata management reporting software, HEDI Data Warehouse, Microsoft Office, and PeopleSoft GL and HR systems.
- Ability to multi task and work in a fast-paced environment.
- Knowledge of University accounting policy, procedures, and systems.
Application Process: To be considered, applicants must upload a cover letter and resume (under the submission of relevant materials) that clearly address how they meet the listed required and desired qualifications of this position. Job openings are posted for a minimum of 14 calendar days. Successful candidates will be required to self-disclose any conviction history and will be subject to a criminal background check and credential/education verification.
Up to 5 professional references will be requested at a later step in the recruitment process. For questions, contact Sharon Walther at sharon-walther@uiowa.edu.
This position is not eligible for University sponsorship for employment authorization.