Financial Planning Analyst

Swedish Hospital; Warrenville (IL); On-site; USD 46,000 - 69,000; Full time

Job summary

Endeavor Health in Warrenville, IL is seeking a Financial Planning Analyst to support budgeting, forecasting and financial analysis for clinical and operational teams. The role focuses on productivity tracking, variance analysis, and building standardized reports to improve decision-making.

The analyst will collaborate with leadership to develop annual budgets, prepare ad hoc analyses, and help implement financial reporting systems across the organization.

Qualifications

• Experience in budgeting, forecasting and financial planning processes.
• Ability to produce reliable financial reports and dashboards.
• Strong collaboration with clinical and operational teams.

Responsibilities

• Distributes bi-weekly productivity data to ensure staffing levels are effective across the system.
• Provides timely financial analysis related to productivity and budget variances to guide decisions.
• Supports and trains teams in annual capital and operating budgets.
• Develops and maintains dashboards and reports to improve financial visibility.
• Partners with department leaders to drive improvement initiatives using financial data.

Skills

Financial analysis

Budgeting

Reporting dashboards

Cross-functional collaboration

Job description

Hourly Pay Range:

$33.24 - $49.86 - The hourly pay rate offered is determined by a candidate's expertise and years of experience, among other factors.

Financial Planning Analyst

Position Highlights:

Position: Financial Planning Analyst

Location: Warrenville, IL

Full Time/Part Time: Full Time

Hours: Monday-Friday, 8am - 4:30pm

Required Travel: as needed

Job Summary:

Builds strong relationships throughout Endeavor Health, and acts as budget financial planning, and financial analysis support for clinical and operational teams, primarily through financial analysis, productivity tracking, budget analysis and operational improvement initiatives. Supports, trains and helps build the annual capital and operating budgets. Utilizes all key financial systems for budgeting, reporting, financial statements, physician compensation, long range financial planning and financial analysis. Increases the flow of information across the organization by identifying opportunities to build standardized reports and dashboards. Supports and interacts with leaders using key analysis and recommendations, and ad hoc reporting.

What you will do:

Distributes bi-weekly productivity data to ensure that staffing levels are working effectively across the System. Meets with various departments to educate, explain and discuss opportunities for improvement, and ensures integrity of the data.

Provides timely financial analysis as it relates to productivity and budget variances across the System. Assists management in using and interpreting financial information to make decisions regarding the expansion of services or programs, to identify and implement opportunities to improve profitability, or to eliminate services, etc. Also finds solutions to data needs that will aid in the decision making process.

Builds strong relationships across the System, including leadership. Effectively uses information to provide analysis and recommendations that strengthen these relationships and ultimately improve operational performance.

Partners with department leaders to develop and support improvement initiatives using financial information and key analysis.

Supports, trains and helps build the annual capital and operating budgets. Assists in the entry of baseline data in preparation for the operating budget completion. Reviews and analyzes the submitted budget requests and helps prepare a consolidated summary and any needed presentation material. Participates in approval process by providing technical data, analytical and ad hoc analyses as requested. Maintains a thorough working knowledge of the process in order to be able to explain variances and respond to inquiries. Ensures needed updates are tested and implemented correctly.

Maintains liaison with operational managers to advise on projects, cash flows and related financial matters.

Assists in the preparation of various written and/or financial reports and analysis for management, physicians, internal committees and external agencies.

Assists in the preparations of post project reviews on projects as required by the Finance Committee and/or Senior Leadership.

On an as needed basis, assists in all aspects of physician compensation, including compensation plan modeling, incentive plan, review of fair market value, submission of survey data, and analysis of survey data results. Reviews information and results with the appropriate parties.

Assists with the preparation of presentations for analysis and projects to management and internal committees for approval.

Conducts financial analysis of new and existing services and/or programs, capital investments, capital and operating leases, and other financial arrangements as assigned to financial measure the financial impact of the opportunity and alternatives.

Learns and utilizes key financial systems. Actively involved in the implementation of new systems and ensures all reporting needs and functionality are incorporated. Ensures the integrity of these financial systems is accurate and updated on a timely basis.

Effectively uses databases to gather, sort and extract data necessary for the proper tracking of key improvement initiatives.

Provides reporting to help explain monthly budget and productivity variances. Works diligently with departments to review and understand their variances and help prepare an action plan.

Distributes data to assist in the monthly financial close process.

Distributes standardized reports to aid in the overall understanding and assessment of business performance. Seeks out opportunities to build dashboards and reports.

Maintains budget, management reporting, and long-range financial planning systems

Prepares ad hoc reporting, using financial, statistical, or patient visit data sources. Provides technical and informational assistance, as well as guidance, to others on the use of these sources.

Demonstrates a positive, open minded, can-do attitude, setting the example for staff to follow. Represents willingness/enthusiasm to embrace an