Financial Analyst - Clinical Trials

Highmark Health; Pennsylvania; Hybrid; Full time

Job summary

A leading health organization is seeking a Financial Analyst responsible for ensuring material accuracy in financial statements. The role involves analyzing financial performance, preparing reports, and offering budgeting support within a dynamic healthcare environment. Candidates should possess relevant financial education and experience, coupled with skills in financial analysis.

Qualifications

• Bachelor's degree in Accounting or related field, or 6 years relevant experience.
• Proficiency in financial analysis and budgeting.

Responsibilities

• Analyze financial results, trends, and provide root cause analysis.
• Perform variance analysis against budget and forecast.
• Support the monthly close process and financial statement generation.

Skills

Accounting

Budgeting

Financial Analysis

Attention to Detail

Education

Bachelor's Degree in Accounting, Finance, Business Administration

Relevant experience (6 years)

Tools

Spreadsheet applications

Database management

Job description

Company :

Allegheny Health Network

Job Description :

GENERAL OVERVIEW:

Responsible for material accuracy of hospital financial statements. Analyzes financial results, trends, performance metrics and provides root cause analysis to support business decisions. Recommends budget adjustments, and other cost improvement measures.

ESSENTIAL RESPONSIBILITIES:

• Records, classifies, and summarizes financial transactions and events in accordance with generally accepted accounting principles. Interprets financial transactions and events for users who must make economic or business decisions. (20%)
• Maintains processes and performs calculations to support the monthly close process and the generation of the monthly financial statements. Provides expertise and education related to budgeting, revenue recognition, and reimbursement. Correlates Revenue/Expense to volumes and prepares reports to assist financial management in assessing financial performance. (20%)
• Evaluates, updates, and maintains processes in support of regulatory and third party changes, quarterly work papers, annual audits, cost accounting, and third party cost reporting. (20%)
• Performs detailed variance analysis against budget, forecast, prior periods, or other benchmarks. (20%)
• Stays abreast of issues impacting the healthcare industry, especially those that have a financial impact to WPAHS. Makes recommendations to Decision Support Management for financial and performance improvement. (20%)
• Performs all other duties as assigned or required.

QUALIFICATIONS:

Minimum

• Bachelor's Degree in Accounting, Finance, Business Administration or related field OR6 years of relevant experience in lieu of a Bachelor's Degree
• Accounting and budgeting experience

Preferred

• 1 year in financial analysis
• Proficiency with spreadsheet applications and database management

Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.

Compliance Requirement: This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.

As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy.

Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.

Pay Range Minimum:

$25.10

Pay Range Maximum:

$38.91

Base pay is determined by a variety of factors including a candidate’s qualifications, experience, and expected contributions, as well as internal peer equity, market, and business considerations. The displayed salary range does not reflect any geographic differential Highmark may apply for certain locations based upon comparative markets.

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on any category protected by applicable federal, state, or local law.

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