Financial Analyst

The Senior Financial Analyst serves as direct support for all functions within the finance & accounting department and is responsible for the planning, analysis, and reporting of capital to run the business effectively and efficiently.

To achieve this, the Senior Financial Analyst will work through cross-functional relationships within the organization, including, but not limited to Operations, Business Development, Revenue Cycle, Marketing, IT, Legal, and Leadership to facilitate communication between the functions in finance and ensure accurate and predictive financial information is communicated throughout the organization.

Core Functions & Responsibilities

• Reporting & Analytics (50%)
  • Finance & Operational Reporting
    • Maintain internal KPI Dashboards that effectively communicate financial and metric results at the necessary frequency.
    • Provide variance analysis on financial actuals to budget.
    • Establish and maintain reports that effectively communicate performance of marketing and business development efforts and their contributions to the organization.
    • Establish and develop periodic competitive external benchmarking reports to compare financial results to direct competitors and other industry participants.
    • Provide periodic break even reports to understand as the organization continues to grow the sales efforts needed to match its costs.
    • Develop sensitivity analysis reports as needed to anticipate financial results due to changes in costs, volume, collections, and other input variables.
    • Provide ad hoc reports as needed.
  • Revenue Cycle/AR Management
    • Review and develop working knowledge of current fee schedules and provide periodic analysis to ensure the maximization of revenue results.
    • Lead analytics alongside billing team to identify areas of improvement in performance, decrease collection lag time, and forecast expected cash inflows.
    • Follow up and develop reports to ensure communication of payments due to the organization from various revenue sources.
    • Provide support to internal RCM staff to run down queries as needed.
  • Supply Chain
    • Develop reports for periodic review of cost analysis for each service line or procedure to ensure optimized margins.
  • Cash Management
    • Maintain internal cash flow models leveraging trends from departments impacting inflows and outflows for the enterprise.
• Bookkeeping – (20%)
  • Month End Close
    • Provide and monthly JEs, transactions, and accruals needed to report monthly activity.
    • Provide and calculate the monthly valuation of AR to ensure balances are accurate, collectible, and provide any necessary adjusting entries.
    • Provide and maintain MOR Financial Packages to effectively communicate MTD, YTD, and annualized results to understand performance as it pertains to each entity within the enterprise.
    • Collect and interpret narrative reasoning for unfavorable or favorable financial results or trends as needed.
  • Other Accounting Functions
    • Assist in the gathering of data and documents needed to book and file company taxes timely.
    • Assist in the gathering of data and documents needed to maintain proper levels and types of insurance coverage for the organization.
    • Assist in the implementation of any additional financial management systems as needed.
• Strategic Planning (10%)
  • Proforma Modeling
    • Create and maintain sound proforma model presentations that are dynamic and can be readily updated as needed.
    • Effectively communicate results to management team and interested stakeholders.
  • Budget
    • Work cross-functionally with department leaders and physician partners to ensure achievable goals and foster “buy-in” across all departments.
    • Provide and enter financial considerations for budget development that include both static and flex iterations.
• Financing (10%)
  • Fundraising
    • Assist in the gathering of data for any necessary debt or equity capital requests.
• Leadership (10%)
  • Development
    • Develop and mentor new and existing staff within the finance department and throughout the organization as needed.
    • Continual education within finance and accounting to stay up to date with industry best practices.
  • Presentation
    • Participate and present financial results as needed to communicate financial information to other department leaders.
    • Actively represent the company positively throughout all communications.
  • Team Player
    • Help throughout the organization where needed to ensure success for the company.
    • Proactively be a point of contact and readily available for internal and external stakeholders.

QUALIFICATIONS:

• College degree.
• Major in finance, accounting or business admin preferred.
• 1 year healthcare experience.
• Intermediate to advanced skills in excel.

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

• Visual and auditory accuracy.
• Shift length – 8 hours.
• Continuous use of computer, calculator.
• Long periods of sitting and walking.
• Boiler plate language.