Job Title: Senior Financial Planning Analyst
Req: 2023-1310
Location: Renton, WA
Department: Budget and Financial Planning
Shift: Days
Type: Full Time
FTE: 1
Hours: Typically, Monday - Friday 8:00 am - 4:30 pm
Reports To: Director of Budget and Financial Planning
Job Description
The position description is a guide to the critical duties and essential functions of the job, not an all-inclusive list of responsibilities, qualifications, physical demands, and work environment conditions.
Job Overview
Responsible for a variety of operations within the Budget/Financial Planning Department, including development and measurement of the annual operating & capital budgets, forecasting statistical and financial outcomes, collaborating in the development of pro formas, and ongoing analysis of financial performance using benchmarking and other key levers that drive success.
Prerequisites
- Bachelor's degree in Business, Finance or Healthcare field, required. Master's degree preferred.
- Minimum 5-7 years of healthcare clinical financial analyst experience with an emphasis in financial planning, budgeting, and analysis, required.
- Demonstrated skill in strategic planning, forecasting, and operational and capital budgeting, preferably in the healthcare industry.
- Strong financial planning skills including data collection, financial analysis, and experience preparing and presenting management-level presentations.
- Familiarity With Project Development, And Problem-solving Leadership Experience Required.
- Knowledge of hospital, practitioner, and non-hospital care services and the key performance indicators that drive their businesses.
- Technical experience with systems applications including Epic, Infor (desired), and Microsoft Office suite of products.
Qualifications
- Excellent written and verbal communication skills essential.
- Senior level understanding of Financial Planning application architectures (knowledge of Infor applications desired).
- Proficient in budgeting and statistical theories.
- Skilled in the concepts around practitioner compensation, including productivity and financial forecasting.
- Strong analytical skills to independently review data and troubleshoot to ensure data integrity.
- Ability to work independently and in teams with good problem-solving skills, communication, and organizational skills.
- Demonstrated ability to be self-directed, learn quickly with a strong attention to detail.
- Demonstrated ability to work with computer systems and personal computers.
- Ability to design complex financial analysis using financial and patient data and industry benchmarks.
- Advanced understanding of clinical terms; understanding of service lines within a hospital environment.
- Ability to set priorities, produce accurate work, and meet deadlines; ability to function independently in a setting with a wide variety of duties.
- Interpersonal skills and an aptitude for communicating with, and relating to, departmental managers and other non-financial personnel.
- Ability to maintain confidentiality.
- Proficient in Microsoft Office products, especially Excel.
Performance Responsibilities
- Responsible for managing and completing the annual operating budget for a large segment of the medical center's operations, specifically the outpatient Ambulatory Division.
- In collaboration with the Director, apply critical thinking to forecast key financial performance indicators to be incorporated into the rolling forecast for the medical center.
- Work closely with Valley leadership to analyze monthly and annual financial performance against budget. Provide strategic guidance that assists leaders in making financial decisions.
- Using key benchmarking levers, effectively communicate with leaders their financial and statistical performance as compared to peers.
- Decipher and delineate market share information for leaders that will assist with strategic decision making.
- Maintain the Budgeting application structure, including implementing physical database objects, managing data, and utilizing application toolsets to transform data for end users.
- Analyze and review financial data, variances, trends, and results on a consistent and routine basis.
- Ability to draft concise written reports with recommendations to Director level management, as appropriate.
- Develop solutions that process and manipulate large amounts of data into information for sound business decisions for annual budgeting and long-range forecasting.
- Maintain monthly financial reporting for leaders.
- Assist Director of Budget and Financial Planning and other members of the department with special projects as assigned.
- Maintain communication with the Director of Budget and Financial Planning.
- Demonstrate interdepartmental communication and collaboration.
- Perform all job functions in a manner consistent with Valley's cultural expectations defined as Valley Values.
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