Job Summary: The Senior Financial Analyst will play a critical role in the financial planning and analysis function within our healthcare facility. This position is responsible for providing comprehensive financial insights and supporting decision-making processes through detailed financial analysis, forecasting, and reporting. The ideal candidate will possess strong analytical skills, healthcare industry experience, and the ability to work collaboratively with cross-functional teams.
Key Responsibilities:
- Financial Analysis and Reporting:
- Conduct detailed financial analysis to identify trends, variances, and opportunities for improvement.
- Prepare and present monthly, quarterly, and annual financial reports to senior management.
- Develop and maintain financial models to support budgeting, forecasting, and long-term planning.
- Budgeting and Forecasting:
- Lead the annual budgeting process, including coordinating with department heads to gather input and ensure alignment with organizational goals.
- Develop accurate financial forecasts and update them regularly based on changing conditions and new information.
- Analyze budget variances and provide actionable recommendations to improve financial performance.
- Strategic Planning:
- Collaborate with senior management to develop and implement strategic financial plans.
- Provide financial insights and recommendations to support strategic initiatives and business decisions.
- Evaluate the financial impact of potential investments, acquisitions, and other strategic opportunities.
- Cost Management:
- Analyze and monitor costs related to healthcare operations, identifying areas for cost savings and efficiency improvements.
- Work with operational teams to develop cost control strategies and track progress against targets.
- Conduct financial analysis of new programs, services, and capital expenditures to ensure financial viability.
- Compliance and Internal Controls:
- Ensure compliance with all relevant financial regulations, accounting standards, and internal policies.
- Maintain and improve internal controls to safeguard the organization's financial assets and ensure accurate financial reporting.
- Support internal and external audits by providing necessary documentation and explanations.
- Cross-Functional Collaboration:
- Work closely with clinical, operational, and administrative teams to provide financial support and insights.
- Participate in cross-functional projects and initiatives to drive organizational improvement.
- Communicate financial information effectively to non-financial stakeholders.
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