Financial Analyst

Thomas Jefferson University; Pennsylvania; On-site; USD 65,000 - 90,000; Full time

Job summary

Thomas Jefferson University invites applications for a Financial Analyst who will provide financial and statistical information to management and external customers, maintaining GAAP-compliant records and supporting budgeting and decision systems.

The role includes assisting in monthly closes, budget development, and net revenue analysis. Strong Excel/Word skills and clear written and verbal communication are essential in this collaborative finance team.

Qualifications

• Bachelor's Degree in Accounting or Finance is required.
• 3 years of experience as an accountant or financial analyst or equivalent.
• Experience with budgeting, net revenue and reimbursement computations, decision support, and financial reporting is desirable.

Responsibilities

• Prepare financial information for internal and external users clearly and promptly.
• Assist in annual operating budget preparation and monthly budget analysis.
• Maintain financial systems and decision support systems, including software upgrades as appropriate.
• Participate in monthly close and preparation of financial statements under supervision.
• Produce reports and forecasts by program, department, and physician data as required.
• Assist Finance management with ad hoc projects and duties.
• Ensure information provided to customers is concise and understandable.
• Respond to customer inquiries promptly, ideally the day of receipt.

Skills

Hospital payment methodologies

Excel

Word

Written and oral communication

Team collaboration

Education

Bachelor's Degree in Accounting or Finance

Tools

Windows OS

Mainframe software

PC-based software

Job description

Number of Positions in Requisition

1

Job Details

Financial Analyst

Job Description

The Financial Analyst provides financial and statistical information to management, staff, and external customers in compliance with internal and external requirements by efficiently accessing the organization's financial and decision support systems and through effectively analyzing and verifying the inputs and outputs from those systems. Maintains financial records and systems in accordance with GAAP, Hospital policies and the Healthcare Audit Guide.

ESSENTIAL FUNCTIONS

• Assists and prepares, accurate, complete, and understandable financial information for timely distribution to internal and external users. Financial information includes, but is not limited to Inpatient, OBV, AO, and outpatient service line/business unit financial performance reports, payer financial performance reports, extensive use of decision support systems, including appropriate interpretation and presentation of data, net revenue/reimbursement computations, payer contract supporting computations, budget proposals, budget development, monthly actual/budget analysis, business plans, and look-back reviews.
• Assists in annual operating budget preparation of the hospitals and LVHS activities and monthly actual/budget analysis under direction of the Budget Manager.
• Maintains financial systems, decision support systems, and certain financial or statistical elements of related systems supporting budgeting, financial analysis, net revenue, and reimbursement. Participate in applying software and hardware upgrades to the systems as appropriate.
• Participates and assists in the monthly financial statement close and preparation of monthly financial statements as assigned under the direction of the Assistant Controller through determination of net revenue, analysis of expenses, valuation of accounts receivable and development of other supporting documentation as required.
• Reports, budgets, projects/forecasts volume utilization by program, physician, and clinical department as required.
• Serve as a resource to Finance management to assist in ad hoc projects and other duties as assigned.
• Analyses and other information that is provided to the customer is prepared in a concise, easy-to-understand manner.
• Information that is provided to the customer is prepared in a concise, easy-to-understand manner.
• Responds to customer inquiries ideally on the day they are received, but never later than the following day.

QUALIFICATIONS

Education - Required

• Bachelor's Degree in Accounting or Finance

Experience - Required

• 3 years experience as an accountant, financial analyst or the equivalent. Experience in budgeting, capital project financial analysis, net revenue and reimbursement computations, decision support, and financial reporting is desirable

Knowledge, Skills and Abilities - Required

• Knowledge of hospital and physician payment methodologies.
• Proficiency in the use of personal computers operated in a Windows environment and ability to use various mainframe and PC-based software applications. Proficiency in Excel and Word is required.
• Must function cooperatively as part of the finance team and exhibit flexibility in response to changing demands and priorities.
• Work requires effective written and oral communication skills with a need for communications to be complete, concise and understandable. The target audience varies from department managers, other finance staff and external audiences.

Work Shift

Workday Day (United States of America)

Worker Sub Type

Regular

Employee Entity

Thomas Jefferson University

Primary Location Address

1200 Old York Road, Abington, Pennsylvania, United States of America

Nationally ranked, Jefferson, which is principally located in the greater Philadelphia region, Lehigh Valley and Northeastern Pennsylvania and southern New Jersey, is reimagining health care and higher education to create unparalleled value. Jefferson is more than 65,000 people strong, dedicated to providing the highest-quality, compassionate clinical care for patients; making our communities healthier and stronger; preparing tomorrow's professional leaders for 21st-century careers; and creating new knowledge through basic/programmatic, clinical and applied research.