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Sr Financial Analyst
Sr Financial AnalystThe Rector & Visitors of the University of Virginia • Charlottesville, VA, United States
Sr Financial Analyst

Sr Financial Analyst

The Rector & Visitors of the University of Virginia • Charlottesville, VA, United States
1 day ago
Job type
  • Full-time
Job description

The Sr Financial Analyst is a financial accounting generalist position that requires heavy experience in the multi facets of finance and accounting as it relates to health care operations and financial accounting. This role will focus on fixed asset accounting and some other general accounting areas. Seeking a candidate with strong analytical skills, solid knowledge of internal controls, process improvement mindset, and advanced excel skills. Provides a data source and interface between the traditional back-office Finance / IT areas and the departments as related to operations and back office financial accounting.

Individual contributors with responsibility in a professional discipline or specialty. Spends majority of time leading the design, implementation or delivery of processes, programs and policies using specialized knowledge and skills normally acquired through advanced education (typically University).

  • Experienced individual contributor that has extensive area or subject matter expertise. Limited oversight from manager. Manages projects or processes. Coaches, reviews, and delegates work to lower-level professionals. Problems faced are difficult and often complex. Influences others regarding policies, practices, and procedures.
  • Business Process Planning as related to Patient Financial Services and Back-Office Accounting Business process development (existing, new and expansion assessments)
  • Develop financial and internal control process plans and documents as related to the Controller's Office and Patient Financial Services
  • Serve as a resource for the Controller's Office and Patient Financial Services in the development of business processes including documentation of procedures; internal control review, documentation and compliance with ARMICS; analysis of current operational processes; collaboration with revenue cycle; reimbursement; and cost accounting elements.
  • Assist in communications about process development, status and implementation to assure clear understanding
  • Assure complete preparation for process implementation of procedures within the Controller's Office, Cashiering and Patient Financial Services functions and associated information systems
  • Decision Support and Financial Accounting Data Management Working knowledge of Hyperion and PeopleSoft in order to have the ability to analyze, create and interpret the data and related financial reports Possess familiarity and ability to utilize and communicate limitation and strength of data and reports as it relates to operations and financial accounting Communicate effectively with Administrators and Managers regarding financial accounting data and metrics used to evaluate financial performance Complete Ad hoc analytical reports
  • Tailor data queries to obtain information appropriate to specific issue / concern
  • Formulate analysis to reflect accurately the information available
  • Utilize standard reporting formats or customize reports for specific purpose
  • Examine processes for elimination, consolidation, improvement, or other changes that will enhance financial performance, internal controls, and analytics
  • Budgeting Support - Controller's Office, Patient Financial Services - Operating and Capital Assist Administrators in the development of operating and capital budgets as related to the Controller's
  • Office and Patient Financial Services Communicate to and assist Administrators and Managers responsible for Operating and Capital budget preparation to meet budget process schedules, goals and objectives Assist Budget Office in :
  • Design of budget process and tools
  • Meeting timetable for budget development
  • Layout of data requirements, reporting format for budget preparation, and analysis
  • Assessment of budget processes for improvement.
  • Research and prepare analysis as necessary. Prepare capital budget requests for submission to Capital Approval Committee and / or designated Chief Officer, including :

New versus replacement capital investments.

  • Analysis of lease versus purchase scenarios.
  • Coordination with asset management.
  • Operating Performance Measures / Analysis Develop systematic review of internal financial accounting and performance reports to insure revenue and expense data integrity and recognition Perform necessary General Ledger account reconciliations by the 10th working day of the succeeding month Preparation of journal entries assuring performance reports accurately reflect statistical and expense data Complete research and documentation on variance analysis used for financial reporting purposes at the Healthsystem level, to include UPG and SOM at a global financial reporting level.
  • Lead the Controller's Office and Decision Support in :
  • Continuing analysis of existing reports, their possible improvements and benefits
  • Account maintenance to assure accurate capture and reporting of cost and revenue data
  • Trend performance as requested by Administrators, Operations Managers, Executive Leadership and Finance Management, developing year end projection from most recent data available Assess staffing levels based on FTE and paid hours to provide feedback to operations management on adequacy, benchmark data and performance against budget comparison. Examine and assess opportunities to have cost savings for Medical Supplies, Supplies and Purchased Services (OTPS) Emphasis on specific objectives (accuracy, timeliness, and reconciliation) as related to revenue and expense recognition and reconciliation
  • Develop and document workflow processes between Patient Friendly Billing, Cashiering, and Cash Posting to ensure daily and monthly reconciliation, appropriate segregation of duties, and reasonable internal controls for each area of the back office Interface with external vendors managing accounts receivable outside of EPIC, specifically Inmar and Reimbursement Concepts Support the financial, budgeting, and reporting needs for Continuum and Pharmacy to include the monthly close process, year-end process, and budgeting
  • In addition to the above job responsibilities, other duties may be assigned.

    MINIMUM REQUIREMENTS

    Education : Bachelor's Degree required

    Experience : 7 years relevant experience

    Licensure : CPA preferred

    PHYSICAL DEMANDS

    This is primarily a sedentary job involving extensive use of desktop computers. The job does occasionally require traveling some distance to attend meetings, and programs.

    Position Compensation Range : $62,691.00 - $125,382.00 Annual

    Benefits

    Comprehensive Benefits Package : Medical, Dental, and Vision Insurance

    Paid Time Off, Long-term and Short-term Disability, Retirement Savings

    Health Saving Plans, and Flexible Spending Accounts

    Certification and education support

    Generous Paid Time Off

    UVA Health is a world-class Magnet Recognized academic medical center and health system with a level 1 trauma center. 2023-2024 U.S. News & World Report "Best Hospitals" guide rates UVA Health University Medical Center as "High Performing" in 5 adult specialties and 14 conditions / procedures. We are one of 70 National Cancer Institute designated cancer centers. UVA Health Children's is named by 2023-2024 U.S. News & World Report as the best children's hospital in Virginia with 9 specialties ranked among the best in the nation. Our footprint also encompasses 3 community hospitals and an integrated network of primary and specialty care clinics throughout Charlottesville, Culpeper, Northern Virginia, and beyond.

    The University of Virginia is an equal opportunity employer. All interested persons are encouraged to apply, including veterans and individuals with disabilities. Click here to read more about UVA's commitment to non-discrimination and equal opportunity employment.

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    Sr Financial Analyst • Charlottesville, VA, United States

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