Financial Analyst - Clinical Trials

Allegheny Health Network; Pennsylvania; On-site; Full time

Job summary

Allegheny Health Network seeks a Financial Analyst for Clinical Trials to ensure the accuracy of hospital financial statements. The role involves detailed financial analysis to support decision-making and budget recommendations, contributing to patient care within a leading healthcare network.

Qualifications

• Bachelor's degree or 6 years of relevant experience required.
• 1 year in financial analysis preferred.
• Proficiency with spreadsheet applications.

Responsibilities

• Analyze financial results, trends, performance metrics.
• Maintain processes for monthly financial statements.
• Perform variance analysis against budget.

Skills

Accounting

Budgeting

Financial Analysis

Analytical Skills

Education

Bachelor's Degree in Accounting, Finance, Business Administration

Tools

Spreadsheet Applications

Database Management

Job description

Join to apply for the Financial Analyst - Clinical Trials role at Allegheny Health Network

Join to apply for the Financial Analyst - Clinical Trials role at Allegheny Health Network

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.

• 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.
  
  

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 OR 6 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.

We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact the email below.

For accommodation requests, please contact HR Services Online at [e-mail]

California Consumer Privacy Act Employees, Contractors, and Applicants Notice

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Hospitals and Health Care

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