Finance Business Partner

MedStar Health; Maryland; On-site; USD 72,000 - 136,000; Full time

Job summary

MedStar Health in Maryland is seeking a Finance Business Partner to support operating budgets, forecasting, and monthly close cycles. You will partner with clinical and operational leaders to translate data into actionable insights and guide decision-making.

This role collaborates with local stakeholders to ensure accurate reporting and supports strategic initiatives, process improvements, and ad-hoc analyses that help optimize performance.

Qualifications

• Bachelor's degree in Healthcare Administration, Business Administration, Finance, or Accounting.
• 1-2 years of financial analysis, budgeting, and forecasting experience.
• Healthcare data analysis experience preferred.
• CPA certification preferred.

Responsibilities

• Assist in annual operating budget preparation and review.
• Support long-range financial planning with data and analysis.
• Perform routine and ad hoc performance analyses to identify issues and opportunities.
• Provide data support for projects and process improvement initiatives.
• Support monthly, quarterly, and annual financial close cycles and liaise with COE.
• Act as a business partner to clinical operations and executive teams for time-sensitive financial requests.
• Balance priorities to meet deadlines and communicate progress to management.

Skills

Excel

Access

PowerPoint

Tableau

Hyperion

PeopleSoft

Education

Bachelor's degree in Healthcare Administration, Business Administration, Finance, or Accounting

Job description

About the Job

General Summary of Position

This position supports the Finance Business Partner team and entity CFOs through comprehensive financial analysis and reporting that strengthen organizational insight and decision-making. The role delivers financial perspectives that help operational and clinical leaders understand key performance drivers risks and trends. It also serves as a liaison to local stakeholders ensuring the accuracy of data and reports used to guide decisions and enhance overall operational performance.

Primary Duties and Responsibilities

• Annual operating budget: Assists in preparing and reviewing the annual operating budget by gathering data performing basic analyses and ensuring accuracy of inputs.
• Financial planning cycle: Provides data and preliminary analysis to support the development of the long-range financial plan.
• Performance trending and other ad hoc analyses: Utilizes performance trending data to conduct routine and ad-hoc analyses often looking to proactively identify key issues and opportunities and escalating appropriately to supervisor.
• Supporting strategic initiatives and implementation: Provides data and reporting support for projects and initiatives as directed. Assists with gathering information and preparing analyses that help identify opportunities for process improvements.
• Routine monthly/annual reporting: Supports monthly quarterly and annual financial close cycles. Serves as liaison between Finance Centers of Excellence and front-line leaders to understand business results ensuring appropriate data collection & review as well as local operational relationships & insights to articulate issues or concerns with financial performance and supports ad-hoc analyses.
• Key business partner to clinical operational and executive teams: Provides support for ad hoc requests from functional leaders at the local level seeking time sensitive information that is financial in nature. This role relays local needs to central support colleagues to determine whether adjustments are required to recurring data and reporting packages based on requests originating from local teams.
• Balancing priorities and Managing to tight deadlines: Organizes tasks effectively to meet established deadlines and communicates progress to supervisors.
• Describing relationship between local and COE: Serves as a primary local liaison to MedStar's Centers of Excellence and Shared Service groups to investigate financial and operational activity requiring operational insight. In addition the Finance Business Partner communicates the needs of local team members and activity which may impact financial results (e.g. adjustments to standard reports activity which would trigger a Journal Entry etc.).

Minimal Qualifications

Education

• Bachelor's degree Healthcare Administration Business Administration Finance or Accounting required

Experience

• 1-2 years of experience in financial analysis budgeting and forecasting required and
• Experience in collecting and analyzing healthcare data (cost accounting budget decision support productivity etc.) including financial and management analysis leading to quality improvement preferred

Licenses and Certifications

• CPA (Certified Public Accountant) certification preferred

Knowledge Skills and Abilities

• Knowledge of Excel Access PowerPoint Microsoft Outlook Tableau Hyperion and PeopleSoft preferred
• Financial modeling and presentation skills capable of influencing senior management and stakeholders
• Familiarity with advanced financial reporting tools and data visualization software
• Ability to identify opportunities for process improvements
• Ability to lead and mentor junior analysts and finance team members

This position has a hiring range of

USD $71,843.00 - USD $135,907.00 /Yr.