Finance & Strategy Analyst Senior - Finance

UNC Health Care; British Woods (NC); Hybrid; USD 75,000 - 107,000; Full time

Benefits offered by this job

Health benefits

Job summary

UNC Health Care in North Carolina seeks a Sr. Finance and Strategic Planning Analyst to lead financial analysis in Corporate Finance. You will supervise junior analysts, manage operating and capital budgets, and develop sophisticated financial models for senior leadership to guide decisions.

You will forecast revenues/expenses, respond to executive inquiries, and coordinate with cross-functional teams on strategic initiatives. This role blends analysis, leadership and healthcare planning.

Qualifications

• Master's degree in healthcare finance, planning, or related field is preferred.
• Equivalent combination of experience and training may be considered.
• Experience in healthcare planning or financial analysis is preferred.
• With a Bachelor's Degree, eight (8) years of related experience and/or training.
• With a Master's Degree, four (4) years of related experience and/or training.

Responsibilities

• Present financial analysis to executive leadership at monthly meetings.
• Supervise junior analysts and coordinate daily workflow with the Director.
• Oversee annual operating and capital budgets, forecasting revenues and expenses.
• Develop complex financial models and regular/adhoc reports for leadership.
• Forecast revenues/expenses and track improvements to control costs.
• Create cash flow models (NPV) for new service lines/business units.
• Maintain and update organization-wide financial forecast models.
• Lead cross-functional teams on business plans and feasibility studies.
• Compile market/operational analyses to support budgeting and strategy.
• Serve as liaison to clinical service lines and external/internal clients.
• Monitor regulatory changes and assess impact on health care planning.
• Assess competitor and physician activity; prepare trend reports and surveys.

Skills

Financial analysis

Budgeting

Forecasting

Cross-functional leadership

Education

Master's degree (M.A.) or MBA/MHA/MPH

Job description

Description

Your passion belongs at UNC Health. Join more than 56,000 teammates working together to improve the health and well-being of the communities we serve across North Carolina.

Job Summary

The Sr. Finance and Strategic Planning Analyst is the lead analyst in the Corporate Finance department. This position represents the department at key internal and external meetings and routinely interacts with all levels of senior management. The Sr. Analyst is responsible for informal supervision of junior finance analysts and facilitating departmental goals as directed by the Director of Corporate Finance. This position oversees the annual operations and capital budget, monthly variance analysis in support of the month end close process, and creates and distributes high level financial analysis and financial models to assist senior management with operations and finance decisions. Work involves a high level of independent judgment, decision-making, accuracy, creativity and initiative.

Responsibilities

1. Presents financial analysis to executive leadership at monthly VP and President/CFO meetings. Ability to respond independently to senior leadership inquiries.

2. Supervises the junior analysts and directs daily workflow in conjunction with the Director. Participates in the annual review process by providing feedback for junior analysts.

3. Oversees the preparation of the annual operating and capital budget, in coordination with the Director. Specific area of focus will be forecasting revenues and expenses and facilitating the evaluation/inclusion of proposed business plans in the operating and capital budgets. Leads the departmental budget trainings and serves as the point of contact to managers and directors during budget preparation.

4. Conducts complex analysis on large data sets and develops regular and ad-hoc reports and for hospital leadership to assist in the decision-making process.

5. Forecasts revenues and expenses and researches ways to enhance hospital revenues and control costs. Assists in the implementation of financial improvements and tracks achievement of objectives.

6. Designs and creates complex, dynamic financial models to facilitate decision-making by senior leadership. Identifies trends and opportunities for gaining competitive advantage in the marketplace. Researches, collects, manipulates and analyzes data; draws inferences, summarizes and presents key findings to Management for assigned topics.

7. Creates and evaluates cash flow models using NPV analysis for business planning for potential new service lines and business units. Maintains the organization's financial forecast models and administers the financial reporting system.

8. Manages cross-functional teams to produce business plans for new business initiatives and operational improvements for review by Management. Includes conducting financial feasibility studies, preparing project plans, analyzing potential operations, and identifying steps for implementation.

9. Assists in the compilation of market and operational analyses in coordination with department Leadership, to support the budget and strategic planning process. Includes collecting, organizing, and interpreting large quantities of complex data.

10. Serves as a liaison between the department and clinical service line teams, representing the resources of the Department and providing specialist knowledge in assigned area of expertise. Develops and maintains positive working relationships with internal and external clients.

11. Monitors development of annual State Medical Facilities Plan, Licensure and Facilities rules and other regulations affecting health care planning. Designs models to demonstrate impact of regulatory changes and proposes strategic alternatives to departmental leadership. Drafts narrative and analytical arguments for certificate of need applications and other requests to regulatory agencies.

12. Assesses competitor service development and performance. Identifies and compiles operating and financial data on key competitors and provides trend analyses and ad-hoc reports of statistics. Evaluates internal and external data on physician activity, identifying trends and opportunities for improvements in volume and revenue. Creates and updates trend reports of physician practice for operational and physician relations staff. Develops, implements and reports on surveys of physician satisfaction, consumer trends, and internal surveys as necessary. Prepares evaluation of vendor proposals and makes recommendations to department Leadership.

13. Assesses new business plan development and performance. Compares operating and financial data on business plans in implementation and reports on their performance against projections.

14. Reviews organization's financial reports, identifying trends and opportunities for performance improvement. Compares key financial indicators to those of competitors.

Education Requirements

Master's degree (M.A.) or equivalent; MBA, MHA, or MPH with experience in healthcare planning or financial analysis is preferred.

Professional Experience Requirements

With a Master's Degree, four (4) years of related experience and/or training.

With a Bachelor's Degree, eight (8) years of related experience and/or training.

Other Information

Job Details

Legal Employer: NCHEALTH

Entity: Caldwell Memorial Hospital

Organization Unit: Finance

Work Type: Full Time

Standard Hours Per Week: 40.00

Salary Range:$35.87 - $51.57 per hour (Hiring Range)

Pay offers are determined by experience and internal equity

Work Assignment Type: Hybrid

Work Schedule: Day Job

Location of Job: US:NC:Lenoir

Exempt From Overtime: Exempt: Yes

This position is employed by NC Health (Rex Healthcare, Inc., d/b/a NC Health), a private, fully-owned subsidiary of UNC Heath Care System. This is not a State employed position.

Qualified applicants will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, disability, status as a protected veteran or political affiliation.

UNC Health makes reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as applicants and employees with disabilities.