Senior Financial Analyst

2 days ago

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Stanford Health Care

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Neuroscience • Oncology • Cardiovascular • Orthopaedics • Transplant

10,000+ employees

Founded 1991

⚕️ Healthcare Insurance

💊 Pharmaceuticals

🧬 Biotechnology

Description

• Performs highly specialized and complex financial analysis, budget analysis, and related fiscal functions. • Duties include financial planning, forecasting and modeling, budget development, performance monitoring and management reporting and benchmarking. • Prepares and provides complex analysis for special and high-level report for review at the executive level. • Provides leadership in the fiscal planning process and recommends process improvements. • Supports modeling financial and business impacts. • Assists in the development, implementation and management of financial systems, cost accounting systems and/or financial policies and procedures as appropriate. • Collaborates with auditors and accountants to develop and maintain internal controls for compliance with state and internal audit standards. • Provides information to internal/external auditors and management as requested. • Coordinates and participates in the preparation of various financial reports, business plans and analyses for management. • Develops budget or fiscal reporting formats. • Develops and revises methodologies for forecasting cost and revenues; develops and maintains electronic system to track the deviations between budgeted forecast and actual levels. • Develops or coordinates preparation of budgets, program narratives and finance plans; analyzes financial projections and assists managers/directors/vice presidents in developing budget proposals. • Maintains liaison with core support departments at SHC (including finance, accounting, HR, purchasing, etc.) regarding financial results, budget variances, internal controls and related financial matters. • Participates in the design and implementation of budget and financial system improvements. • Uses computer software to model resource scenarios. • Organizes and develops automated financial systems. • Plans, develops, and coordinates the preparation of financial analyses and reports including, but not limited to, operational and capital budgets, financial statements, statistical reports, cost analyses and other financial information for management. • Provides financial information which enables management to make informed long-term and short-term decisions. • Creates cost-benefit analyses, identify resource allocations and equipment costs, create problem escalation plans, manage reporting processes, and establish timelines and milestones. • Recommends procedures and implements corrective action wherever indicated in operations, areas out of compliance with hospital policy, internal controls and accounting policies, as assigned.

Requirements

• Bachelor's degree in a work-related field/discipline from an accredited college or university • Six (6) years of progressively responsible and directly related work experience • Ability to analyze and develop solutions to complex problems • Ability to analyze information, reach valid conclusions and make sound recommendation • Ability to apply judgment and informed decisions • Ability to apply sound independent judgment in the solution of complex financial problems • Ability to communicate complex concepts in simple form to non-finance users to understand the appropriate use and limits of the information provided • Ability to communicate effectively in written and verbal formats including summarizing data, presenting results • Ability to establish and maintain effective working relationships • Ability to evaluate business operations to compute affect to budget and funding expenditures • Ability to manage, organize, prioritize, multi-task and adapt to changing priorities • Ability to model financial information and forecast data to arrive at conclusions • Ability to work effectively both as a team player and leader • Knowledge of computer systems and software used in functional area • Knowledge of financial forecasting techniques • Knowledge of local, state and federal regulatory requirement related to the functional area • Knowledge of principles and practices of budgeting and finance including the analysis and reporting of financial data • Knowledge of technology and maintain and stay abreast of updates and changes in the field