Apply on Employer Site

Houston Methodist · 22 hours ago

Financial Analyst - Academic Offices of Clinical Trials

Houston, TX

Full-time

Onsite

Entry Level

1+ years exp

Houston Methodist is seeking a Financial Analyst to join their Academic Office of Clinical Trials. This role will oversee financial management within Clinical Trials Operations, including budget preparation, data analysis, and reporting for various research programs and offices.

Health CareMedical

Growth Opportunities

Responsibilities

Oversee the financial management of a diverse portfolio, including Phase 1 studies, community-based research programs, Regulatory Affairs Office and the Quality Affairs Office

Maintain and analyze data related to the financial performance of the assigned entity, hospital(s), and/or contractual relationship

Compile and report information as requested by Financial Accounting, Internal Audit, Revenue Cycle, their department, and entity management

Routine analysis of data and monthly reporting

Highlight performance issues, identify problems and research solutions

Report statistical information in graphical and other presentation formats

Assist with annual operating budgets and maintenance of monthly dashboards of key indicators and external benchmarks

Qualification

Financial managementBudgetingAnalytical thinkingBusiness process analysisProject ManagementCustomer service focusEnglish proficiencyCreative problem solvingCommunication skills

Required

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

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

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

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

Project Management skills

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

Effectively and proactively communicates with all stakeholders to resolve issues and discrepancies in a timely manner and ensures their accurate understanding of the analytics

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

Supports department management with preparation of the annual operating and capital budget. Submits invoices and follows-up with industry partners as needed. In addition, prepares necessary journal entries for coordinator effort and Principal Investigator (PI) oversight as assigned

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

Monitors and reports key system operational indicators and alerts leadership potential performance issues

Follows all internal audit requirements for appropriate system applications

Utilizes/enhances tools to improve the accuracy of financial analytics and enhance revenue opportunities

Supports the development of 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 grants, contracts, and donor funding and verifies that all faculty, staff and research personnel are charged to the appropriate funding source via submission of a salary reallocation 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 procedures and Standards of Practice (SOP's) for reconciliation process

Maintains working knowledge of cost accounting system, clinical trials management systems or others and their relationship to other financial and non-financial systems. Maintains working knowledge of hospital and physician compensation methodologies and affecting government regulations, as applicable

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