Senior Financial Analyst, Financial Planning

Role Overview

• Reporting to the Manager of Financial Planning, the Senior Financial Analyst, Financial Planning plays a pivotal role in driving the hospital's financial planning, budgeting, and analysis efforts.
• Perform variance analysis to compare actual financial outcomes with budgeted figures and provide explanations for deviations.
• Provide guidance and support to departments regarding budget management and financial planning.
• Evaluate financial data to identify potential areas for cost reduction and efficiency improvements.
• Provide recommendations based on financial analysis to support decision-making.
• Lead complex financial analyses, including detailed variance analysis and trend forecasting.
• Prepare regular financial dashboards for senior leadership, highlighting key performance indicators and financial metrics.
• Analyze patient volume trends and utilize reporting tools to track key volume metrics.
• Identify root causes for volume fluctuations and develop insights that support decision‑making.
• Serve as a liaison between the finance department and other departments.
• Communicate budgetary and financial information to non-financial stakeholders in an understandable manner.
• Address and resolve budget-related inquiries and issues.
• Coordinate cross-functional teams to achieve project goals within budget and timeline constraints.
• Assist in developing and enforcing financial policies and procedures.
• Ensure financial processes and reporting comply with organizational policies.
• Lead and participate in special financial projects and initiatives as needed.
• Identify areas for improvement in financial processes and systems and recommend enhancements to increase efficiency and accuracy.
• Mentor and guide junior financial analysts, providing support and development opportunities to enhance their skills and performance. Lead cross-functional teams on financial projects and initiatives.

Requirements

• Requires a bachelor’s degree in finance or accounting from an accredited college or university; master’s degree in accounting, business administration or healthcare preferred
• 5-7 years of experience as a financial analyst, preferably in a healthcare setting.
• A solid understanding of accounting principles and financial statements (balance sheets, normalized P&L income statements).
• Ability to extract and analyze large datasets to identify trends, patterns, and anomalies.
• Proficiency in using advanced Excel functions and tools for financial analysis, such as pivot tables, VLOOKUP's and complex formulas.
• Ability to prepare and present financial analysis and reports.
• Skilled in conducting variance analysis to identify discrepancies between actual and budgeted figures.
• Understanding of healthcare-specific financial concepts and terminologies.
• A solid understanding of the main concepts of hospital financial statements (volume, FTE, supplies expenses, etc).
• Strong proficiency in PowerPoint and ability to develop presentations based on a large set of data.
• Effective in communicating financial concepts and analyses to non-financial stakeholders.
• Ability to analyze situations, think critically, and develop solutions independently.
• Skilled in managing multiple priorities, meeting deadlines, and handling the pressure of tight schedules.
• Ability to work well with others, build relationships, and collaborate across departments.
• Willingness to come up with new ideas or approaches to improve processes or solve problems.
• Ability to lead projects or initiatives and mentor junior analysts, fostering a collaborative and effective working environment.

Benefits

• benefits (medical, dental, vision, pharmacy)
• discretionary annual bonuses and merit increases
• Flexible Spending Accounts
• 403(b) savings matches
• paid time off
• career advancement opportunities
• resources to support employee and family well-being