Principal Financial Analyst - Medicine Finance

Penn Medicine, University of Pennsylvania Health System; Philadelphia (Philadelphia County); On-site; USD 70,000 - 95,000; Full time

Benefits offered by this job

Prepaid tuition assistance

Comprehensive benefits program

Job summary

Penn Medicine, University of Pennsylvania Health System is looking for a Principal Financial Analyst to act as a financial analysis expert. This role involves preparing month end entries, guiding variance analyses, and collaborating with senior leaders on budgets.

The ideal candidate will have a Bachelor’s degree in Finance or related fields, along with 6+ years of relevant experience. The position offers comprehensive benefits and programs aimed at the well-being of employees.

Qualifications

• 6+ years of experience in a Finance department in a Healthcare System.
• Strong understanding of financial concepts and data analysis.
• Ability to create presentations for senior leadership.

Responsibilities

• Review and prepare month end closing entries.
• Provide guidance on analysis and variance explanations for monthly reporting.
• Create PowerPoint presentations on financials and budgets.
• Build Capital and Operating Budgets each year.

Skills

Financial analysis

Budgeting

Variance analysis

Presentation skills

Mentoring

Education

Bachelor of Arts or Science in Finance, Accounting or Information Technology

Master of Arts or Science in Finance, Accounting or Information Technology

Tools

Hyperion Essbase

Job description

Overview

Penn Medicine is dedicated to our tripartite mission of providing the highest level of care to patients, conducting innovative research, and educating future leaders in the field of medicine. Working for this leading academic medical center means collaboration with top clinical, technical and business professionals across all disciplines.

Today at Penn Medicine, someone will make a breakthrough. Someone will heal a heart, deliver hopeful news, and give comfort and reassurance. Our employees shape our future each day. Are you living your life's work?

Entity/Department/Location

Entity: Clinical Practices of University of Pennsylvania

Department: Medicine Finance

Location: Hospital of the University of Pennsylvania - 3400 Spruce St

Hours: Full Time

Summary

The Principal Financial Analyst acts as the technical financial analysis expert for the department reporting directly to the department CFO. The Principal Financial Analyst has a strong understanding of financial concepts and proper application of data analysis to enhance the performance of the department. The principal Financial Analyst is responsible for explaining financial documents and complex accounting analysis to leadership including month end close reviews. The incumbent has an in-depth understanding of Capital and Operating budgets and multi-year budgets and is involved in the analysis and builds each year. The Principal Financial Analyst has the ability to attend and present financial analysis and information on behalf of the CFO to senior leadership. The Principal Financial Analyst communicates complex concepts in a clear manner with managers and senior leadership within the department, as well as other corporate departments (A/P, Purchasing, Finance, Capital Accounting). Contact with outside vendors is limited.

Responsibilities

• Review and preparation of month end closing entries.
• Ability to multitask and manage shifting priorities and deadlines, with an ability to work both independently and in a collaborative team environment.
• Provide guidance and development on analysis and variance explanations for monthly reporting. Completes complex variance analyses such as revenue variance analysis.
• Create PowerPoint presentations on financials and budgets for senior leadership.
• Instrumental in building the Capital and Operating Budgets each year.
• Routinely meet with department finance members to review departmental monthly operational results.
• Partner with COOs, CFOs, PSOM and CPUP leadership on the development of the Departmental Strategic Plan(s).
• Mentor financial analysts in and outside the department where applicable.

Credentials

Education or Equivalent Experience:

• Bachelor of Arts or Science (Required) - Education Specialization: Finance, Accounting or Information Technology
• 6+ years experience in a Finance department, with progressive accounting and budgeting experience, for a Healthcare System. (Required)
• Master of Arts or Science (Preferred) - Education Specialization: Finance, Accounting or Information Technology
• 1+ years Experience using Hyperion Essbase / Planning / Reports & EPIC (Preferred)

We believe that the best care for our patients starts with the best care for our employees. Our employee benefits programs help our employees get healthy and stay healthy. We offer a comprehensive compensation and benefits program that includes one of the finest prepaid tuition assistance programs in the region. Penn Medicine employees are actively engaged and committed to our mission. Together we will continue to make medical advances that help people live longer, healthier lives.

Equal Opportunity

We are an Equal Opportunity employer. Candidates are considered for employment without regard to race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, marital status, familial status, genetic information, domestic or sexual violence victim status, citizenship status, military status, status as a protected veteran or any other status protected by applicable law.