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Houston Methodist · 7 hours ago

Senior Financial Analyst - Financial Accounting & Reporting

Houston, TX

Full-time

Onsite

Mid, Senior Level

3+ years exp

Houston Methodist is a leading academic institute, and they are seeking a Senior Financial Analyst to perform complex data analysis related to clinical and financial performance. The role involves collaborating with various teams, reporting financial information, and developing best practices for business analysis.

Health CareMedical

Growth Opportunities

Responsibilities

Interacts with all levels within the department, other institutional departments, and across the organization as well as outside companies to resolve problems/errors or questions regarding basic accounting reconciliation items or financial performance in a timely manner

Serves as subject matter expert for assigned entity(s) (Hospital, Physician Organization, Research Institute, Academic Institute, HM Foundation, MOB, for Clinical and Financial reporting systems. Serves as role model and mentor to more junior team members. Supports training and onboarding of new team members

Assists department administrator, faculty members or department, hospital leadership and entity leadership in managing the departmental budget

Extracts actual and budget financial accounting General Ledger (G/L) data or financial data from appropriate sources to report and reconcile with appropriate leadership. Generates accurate and timely reports

Reviews revenue projections, budget revisions, etc., for physician practice, academic department or assigned hospital or entity department(s)

Develops, monitors and reports key system operational indicators and recommends improvements. Highlights performance issues, identifies problems and researches solutions. Makes recommendations to management for improvement

Follows all internal audit requirements for appropriate system applications

Utilizes/enhances tools to improve the accuracy of financial analytics and enhance revenue opportunities. Submits invoices and follow-up with industry partners as needed. In addition, prepares necessary journal entries for coordinator effort and Principal Investigator (PI) oversight as appropriate

Supports and develops auditing, reporting and contract modeling tools as needed for identification and analysis of rate and/or fee schedule auditing, financial performance and contract performance as well as modeling and analysis of potential opportunities

Maintains monthly dashboard of key indicators and external benchmarks as defined by management. Prepares and maintains revenue models. Compiles information needed for organization profit and loss statement as required

Reviews contracts, calculates provider productivity bonuses/compensation models as appropriate

Assists in preparation of gift, grant and contract budget proposals as needed. Assists in the oversight of department's financial files for all grant and donor funding

Ensures/verifies that all faculty, staff and research personnel are charged to the appropriate funding source via submission of a salary re-allocation form as appropriate

Utilizes resources effectively and efficiently, demonstrating financial stewardship. Manages own time effectively and prioritizes work to achieve maximum results in a timely manner

Maintains and monitors procedures and Standards of Practice (SOP's) for reconciliation process. Maintain working knowledge of hospital and physician compensation methodologies and affecting government regulations, as applicable. Identifies areas for improvement and makes recommendations to management. Seeks out opportunities to grow knowledge of cost accounting system, clinical trials management systems or others and their relationship to other financial and non-financial systems. Shares knowledge and learnings with team

Proactively manages own career development. Completes My Development Plan (MDP)

Identifies and recommends opportunities to employ new or enhanced functionality in support of continued performance improvement. Develops and advances best practices and tools for business analysis

Qualification

Financial analysisBudget managementData modelingStatistical analysisCost accountingProject managementCustomer service focusHealthcare knowledgeCommunication skillsProblem solvingTeam collaboration

Required

Bachelor's Degree in finance, accounting, healthcare administration, business administration or related field

Three years of financial, budget or cost accounting analysis experience required; experience in a health care environment preferred

Demonstrates the skills and competencies necessary to safely perform the assigned job, determined through on-going skills, competency assessments, and performance evaluations

Sufficient proficiency in speaking, reading, and writing the English language necessary to perform the essential functions of this job, especially with regard to activities impacting patient or employee safety or security

Ability to effectively communicate with patients, physicians, family members and co-workers in a manner consistent with a customer service focus and application of positive language principles

Advanced analytical thinking and creative problem solving and ability to define a variety of approaches to business problems

Advanced knowledge of business process analysis, system requirements, data modeling and functional design

Strong project management skills

Strong statistical analysis and data reductions skills

Working knowledge of cost accounting system(s)