Financial Analyst I

Grandview Medical Center - Birmingham, AL; Birmingham (AL); On-site; USD 65,000 - 90,000; Full time

Job summary

Grandview Medical Center - Birmingham, AL is seeking a Financial Analyst I to analyze financial data, prepare reports, and assist with budgeting and forecasting to support decision-making within the facility.

The role involves gathering financial information, monitoring trends, and ensuring data integrity while collaborating with leadership and department managers to provide insights into financial performance, cost control, and operational efficiency.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field is required.
• Four (4) or more years of direct experience can substitute for a Bachelor's degree.
• 0-2 years of experience in financial analysis, budgeting, or a related field is required.
• Healthcare finance, hospital operations, or revenue cycle analysis experience is preferred.

Responsibilities

• Analyze financial data and trends to support budgeting, forecasting, and financial planning activities.
• Prepare financial reports and presentations, summarizing key findings and providing recommendations for decision-making.
• Assist in developing annual budgets and financial forecasts, ensuring accuracy and alignment with organizational goals.
• Monitor financial performance metrics, identify variances, and collaborate with departments to address discrepancies.
• Support month-end and year-end closing activities, including journal entries, reconciliations, and variance analysis.
• Conduct cost analysis and expense monitoring to identify cost-saving opportunities.
• Collaborate with departments to gather financial data and ensure accurate reporting.
• Ensure compliance with financial policies, procedures, and regulatory requirements.
• Utilize financial software and systems to maintain accurate and organized records.
• Perform other duties as assigned.
• Maintain regular and reliable attendance.
• Comply with all policies and standards.

Skills

Financial analysis

Forecasting

Variance analysis

Budgeting

Data analysis

Communication

Education

Bachelor's degree

Experience in lieu of degree

Tools

Oracle ERP

Job description

Job Summary

The Financial Analyst I is responsible for analyzing financial data, preparing reports, and assisting with budgeting and forecasting processes to support decision-making within the facility. This role involves gathering and interpreting financial information, monitoring trends, and ensuring financial data integrity. The Financial Analyst I collaborates with leadership and department managers to provide insights into financial performance, cost control, and operational efficiency.

Essential Functions

• Analyzes financial data and trends to support budgeting, forecasting, and financial planning activities.
• Prepares financial reports and presentations, summarizing key findings and providing recommendations for decision-making.
• Assists in developing annual budgets and financial forecasts, ensuring accuracy and alignment with organizational goals.
• Monitors financial performance metrics, identifying variances and working with departments to address discrepancies.
• Supports month-end and year-end financial closing activities, including journal entries, reconciliations, and variance analysis.
• Conducts cost analysis and expense monitoring, assisting in identifying cost-saving opportunities.
• Collaborates with various departments to gather financial data and ensure accurate reporting.
• Ensures compliance with financial policies, procedures, and regulatory requirements.
• Utilizes financial software and systems to maintain accurate and organized financial records.
• Performs other duties as assigned.
• Maintains regular and reliable attendance.
• Complies with all policies and standards.

Qualifications

• Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or a related field required or
• Four (4) plus years of direct experience in lieu of a Bachelor's degree required
• 0-2 years of experience in financial analysis, accounting, budgeting, or a related field required
• Experience in healthcare finance, hospital financial operations, or revenue cycle analysis preferred

Knowledge, Skills and Abilities

• Strong analytical and problem-solving skills, with the ability to interpret financial data and provide actionable insights.
• Proficiency in financial modeling, data analysis, and forecasting techniques.
• Knowledge of financial statements, budgeting principles, and variance analysis.
• Experience with financial software, spreadsheets, databases, and enterprise resource planning (ERP) systems (e.g., Oracle).
• Strong communication and presentation skills, effectively conveying financial data to non-financial stakeholders.
• Attention to detail and ability to manage multiple tasks in a fast-paced environment.
• Knowledge of healthcare financial regulations, reimbursement models, and cost accounting principles (preferred).

Licenses and Certifications

• Certified Healthcare Financial Professional (CHFP) preferred or
• Certified Public Accountant (CPA) preferred or
• Certified Management Accountant (CMA) preferred