Senior Financial Analyst

Senior Financial Analyst

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Department : Financial Planning & Decision Support

The Senior Financial Analyst reports to the Director of Financial Planning and Decision Support and works collaboratively with department managers and senior management to implement recommendations and develops strategic / executive level evaluations and assessments of the hospital's operations of all levels. This position will actively participate in support of Senior Management performance improvement objectives including labor, non-labor, and revenue cycle initiatives. The Senior Financial Analyst will prepare and monitor the hospital's annual operating and capital budgets, under the direction of the Director and in accordance to Salinas Valley Health goals and policies. This position works at a high-level in developing financial forecasting models, service-line profitability studies, business planning models, health plan & payor contract analysis, feasibility studies, vendor audits, and various other financial operational analyses.

The Senior Analyst will function as the Master System User for the Axiom financial system, functioning as a system administrator that manages updates, writes high-level reports, and coordinates system development / fixes. It is also expected that the person in this position has a solid knowledge base in cost accounting and has the ability to become a user of the Salinas Valley Health cost accounting system (Strata).

• Provides information by assembling and summarizing data; preparing reports; making presentations of findings, analyses, and recommendations. Objectives include development and maintenance of financial reporting : Daily Census & Other Key Indicator Reporting, Financial Metrics and Reporting, Account Receivable Reporting Enhancement, Net Revenue Improvement Tools, Physicians Report Cards, Design of various Decision Support Analytics, and Labor Reports.
• Responsible for extensive evaluations, reconciliations, and interfacing of various financial and clinical systems including Workday, API Business Analytics, Navigator, and the Axiom Financial System.
• Improves financial and operational status by analyzing results and variances; identifying trends; recommending actions.
• Serves as the Master System User for the Axiom Financial System (Kaufman Hall)
• Develops and designs various budgeting management tools.
• Prepares and supports the development of the annual operating and capital budget.
• Uses high level critical thinking skills to create the data extracts from feeder systems.
• May assist in the maintenance of the Strata cost accounting system. Develops reports and / or extracts data from the Strata system for use in analysis.
• Prepares and develops profitability reports based on Cost Accounting tools.
• Prepares and develops tools for auditing vendor contracts and reporting on vendor spending / performance.
• Performs other duties as assigned in order to enhance the overall efficiency of the Hospital's record processing and keeping functions including any or all confidential records associated with payroll and accounts payable, and any special projects as assigned.
• Demonstrates respect and regard for the dignity of all patients, families, visitors and fellow employees to ensure a professional, responsible and courteous environment.
• Promotes effective working relations and works effectively as part of a department / unit team inter and intra departmentally to facilitate the department's / unit's ability to meet its goals and objectives.
• Performs other duties as assigned.

Education : A Bachelor Degree in Business, Finance, Accounting, Economics or related major required.

Licensure : None required.

Experience : Three to five years minimum experience in healthcare, health insurance or other similar business that has provided the required experience and skills in finance, including cost accounting and preparation of complex annual operating and capital budgets. Experience working independently, managing competing priorities and taking ownership of projects is critical for success in this role. In addition, strong Excel skills (i.e., Pivot Tables, Macros, advanced Formulas, etc.) is a foundational requirement for being successful in the Senior Analyst position. The position requires the ability to quickly learn new systems and a high comfort level with independently extracting data from cost accounting, budget, and GL systems. Axiom or other budgeting systems experience is preferred.

Pay Range : The hourly rate for this position is $46.80 - $56.80. The range displayed on this job posting reflects the target for new hire salaries for this position.

Union : Non-Affiliated Work Shift : Day Shift FTE : 1.0 Scheduled Hours : 40

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!