Financial Analyst I- Onsite

Tennova Healthcare- Turkey Creek Medical Center; Knoxville (TN); On-site; USD 55,000 - 75,000; Full time

Job summary

Tennova Healthcare- Turkey Creek Medical Center in Knoxville, TN seeks a Financial Analyst I to analyze financial data, support budgeting and forecasting, and provide insights to leadership for cost control and operational efficiency.

You will gather and interpret financial information, prepare reports, and collaborate with department managers to ensure data integrity and informed decision-making.

Qualifications

• Bachelor's degree or equivalent experience in finance or accounting.
• 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

Responsibilities

• 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.

Skills

Analytical thinking

Financial modeling

Forecasting

Data analysis

ERP systems (Oracle)

Education

Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or a related field

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.

Job Description

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