Financial Administrator

Penn Medicine, University of Pennsylvania Health System; Philadelphia (Philadelphia County); On-site; USD 65,000 - 75,000; Full time

Job summary

Penn Medicine is seeking a Financial Administrator to support budget management and financial analytics in the Cardiovascular Medicine Department. This full-time role involves collaboration with senior leadership and requires strong skills in accounting, budgeting, and healthcare finance. The position offers a competitive salary and comprehensive benefits, emphasizing the mission of providing high-quality patient care.

Benefits

Comprehensive compensation and benefits program

Prepaid tuition assistance program

Qualifications

• 3+ years Accounting and budgeting experience.
• Knowledge of healthcare accounting preferred.
• Excellent computer skills required; proficiency in Microsoft Office.

Responsibilities

• Support all aspects of budget management and financial analytics.
• Prepare monthly journal entries and variance analyses for ACAO presentations.
• Work with senior leadership to analyze and manage budgets.

Skills

Microsoft Excel

Communication skills

Organizational skills

Attention to detail

Healthcare accounting/finance experience

Education

Bachelor of Arts or Science degree in Accounting, Finance or Equivalent

Tools

Lawson

Hyperion

EPIC Patient Accounting

Job description

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Description

Penn Medicine is dedicated to our tripartite mission of providing the highest level of care to patients, conducting innovative research, and educating future leaders in the field of medicine. Working for this leading academic medical center means collaboration with top clinical, technical and business professionals across all disciplines.

Description

Penn Medicine is dedicated to our tripartite mission of providing the highest level of care to patients, conducting innovative research, and educating future leaders in the field of medicine. Working for this leading academic medical center means collaboration with top clinical, technical and business professionals across all disciplines.

Today at Penn Medicine, someone will make a breakthrough. Someone will heal a heart, deliver hopeful news, and give comfort and reassurance. Our employees shape our future each day. Are you living your life's work?

Entity: Clinical Practices of University of Pennsylvania

Department: Med Cardiology

Location: Perelman Center for Advanced Medicine-3400 Civic Center Blvd

Hours: Per Departmental Needs

Summary:

This position reports to the Associate Chief Administrative Officer for Cardiovascular Medicine in the Department of Medicine. The incumbent supports all aspects of budget management, variance explanations, incentive compensation plan management and financial analytics for the Division. The incumbent will have a dotted line reporting relationship to the Chief Financial Officer in the Department of Medicine and will participate in all appropriate DOM Finance meetings and work as it relates to Cardiology.

The Financial Administrator works with senior Division leadership, Hospital Finance, CPUP Finance, and external third parties (if applicable) to analyze, budget and manage existing lines of service and evaluate new opportunities. Constant evaluation and refinement of financial and operational processes as they relate to the goals of the program is an important function. Proactive assessment of revenue and expense implications associated with evolving business models. Also plays a key role in daily activities. This individual is also called upon to participate in special projects from time to time.

Accountabilities:

Division Finance Duties:

• Work with assigned Associate Chief Administrative Officer to support financial planning and reporting
• Prepares monthly journal entries
• Reconciles and performs analysis of activity within assigned accounts
• Prepares supporting schedules for monthly financial statements
• Prepares monthly variance analyses and one pagers to support ACAO budget presentations
• Work with ACAO in development of annual budgets
• Prepares line item data entry of expenses for annual budgets
• Prepare monthly variance analysis submitted to CPUP Finance
• Prepare monthly balance sheet analysis submitted to CPUP Finance
• Development and maintenance of incentive compensation plan reports and analytics
• wRVU reporting to faculty and division leadership
• Monthly budget variance reporting to ACAO and DOM Finance
• Special projects as assigned
  
  

Education/Experience:

• Bachelor of Arts or Science degree in Accounting, Finance or Equivalent (Required)
• 3+ years Accounting and budgeting experience. Knowledge of healthcare accounting preferred
• Experience with Lawson (or similar) General Ledger, Hyperion and EPIC Patient Accounting (or similar). Excellent computer skills required; excellent skills in Microsoft Excel, Access, and Word processing software
  
  

Skills & Abilities:

• Excellent computer skills – Microsoft Excel (Required)
• Excellent organizational and communication skills, written and verbal (Required)
• Ability to prioritize and execute multiple assignments with minimal direction, positive team player, rigorous attention to detail (Required)
• Healthcare accounting/finance experience (Preferred)
  
  

We believe that the best care for our patients starts with the best care for our employees. Our employee benefits programs help our employees get healthy and stay healthy. We offer a comprehensive compensation and benefits program that includes one of the finest prepaid tuition assistance programs in the region. Penn Medicine employees are actively engaged and committed to our mission. Together we will continue to make medical advances that help people live longer, healthier lives.

Live Your Life's Work

We are an Equal Opportunity employer. Candidates are considered for employment without regard to race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, marital status, familial status, genetic information, domestic or sexual violence victim status, citizenship status, military status, status as a protected veteran or any other status protected by applicable law.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

• Industries

  Wellness and Fitness Services, Hospitals and Health Care, and Medical Practices

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