Senior Financial Analyst

Bayhealth; Dover (DE); On-site; USD 75,000 - 117,000; Full time

Benefits offered by this job

PTO & Holidays

401(k)/403(b) matching

Health, Dental, Vision

Disability & Life Insurance

On Site Child Care

Educational Reimbursement

FSAs

Voluntary benefits

Job summary

Bayhealth Medical Center Kent Campus in Dover, Delaware is seeking a Finance Budget Analyst to support the preparation and review of financial feasibility, budgets, and capital projects. You will partner with clinical and operations leaders to ensure accurate cost reporting and reliable forecasting.

Responsibilities include leading annual operating and capital budgets, preparing monthly variance analyses, and delivering executive-ready reports to Senior Management.

Responsibilities

• Assist Decision Support Team in preparing financial feasibility and analyzing profitability, cost and reimbursement studies.
• Function as lead designate to develop annual operating and capital budgets of assigned entities for Board approval each year.
• Prepare statistical (workload indicator) projections for new fiscal year, researching and documenting unexpected trends.
• Import general ledger data from ERP and build cost center budgets in budget software from templates.

Job description

If you care about the opportunity to grow, to make a difference, to build a future and a life, then we just might have the career for you. Care to talk?

Bayhealth Medical Center is Central and Southern Delaware’s healthcare leader with hospitals in Dover and Milford, a s well as stand -alone Emergency Department in Smyrna and a hybrid E mergency Department and Urgent Care in Milton . We offer various practice settings throughout Kent and Sussex Counties. Bayhealth Medical Center Kent Campus is 90 minutes from Philadelphia, Washington, DC and Baltimore . Our Sussex Campus is 30 minutes to the Delaware beaches and relaxation in the sand!

Bayhealth Medical Center offers a competitive salary and comprehensive benefits package (for eligible positions) including:

• Generous Paid Time Off and Paid Holidays
• Matching 401(k)/403(b) Plans
• Excellent Health, Dental, and Vision
• Disability and Life Insurance options
• On Site Child Care
• Educational Reimbursement
• Health Care and Dependent Care Flex Spending Accounts
• Plus, an array of Voluntary Benefits to include Critical Care Coverage and more!

Location: Kent Campus Hospital

Status:

Full Time 80 Hours

Shift:

Days

SALARY RANGE:

75,233.60 - 116,604.80 YEARLY

General Summary:

Assist in preparation and review of financial feasibility and profitability studies. May be responsible for internal and external productivity benchmarking reports, preparing biweekly reports and submitting quarterly data to Senior Management. May be responsible for entering assets into fixed asset system (FAS), reconciling monthly capital costs for general ledger, producing monthly journal entries related to capital, reconciling general ledger spend to capital budget system and being lead analyst for all capital-related assets. Lead role in preparation of annual operating and capital budgets and analyzing budget variances for all revenues and expenses.

Responsibilities

• 1. Assist Decision Support Team in preparing financial feasibility and analyzing profitability, cost and reimbursement studies. Assist in evaluation of new services, capital purchases and new hospital ventures. Enter profit and loss information into capital budget software as needed for project scoring purposes.
• 2. Function as lead designate to develop annual operating and capital budgets of assigned entities for Board approval each year.
• 3. Prepare statistical (workload indicator) projections for new fiscal year, researching and documenting unexpected trends. Recommend projections based on analysis to include impact on FTE’s and gross revenues. Document support for projections.
• 4. Import general ledger data from ERP and build cost center budgets in budget software from templates. Review template design each year for required changes. Balance the imported data back to ERP. Export general ledger data from budget software to ERP when budget is approved by Board.
• 5. Utilize existing standards “worked hours per workload indicator” from internal productivity system and analyze changes requested from management that vary from Budget & Planning Team’s recommended budget amounts. Review justifications submitted for thorough understanding of request and make recommendations for approval or denial.
• 6. Produce productivity reports to be distributed to leadership team biweekly. This includes entering and analyzing statistical data for accuracy and making changes to productivity standards as needed. Produce quarterly productivity reports and supporting documents for presentation to senior leadership.
• 7. Enter/dispose assets in FAS, reconcile monthly capital costs (including CIP) for general ledger, produce monthly journal entries related to capital and CIP, reconcile general ledger spend to capital budget system, participate in monthly CIP meetings with Facilities’ team and function as lead analyst for all capital-related assets and projects.
• 8. Assure all pay type hours are maintained in data extraction from payroll database. Audit and document semi-annually. Extract monthly general ledger detail from ERP to analytical data tracking software to budget software. Validate to ERP income statement.
• 9. Maintain chart of accounts in all systems.
• 10. Maintain reports built for auditors and management using consistent categorization of cost centers and subaccounts.
• 11. Prepare monthly actual to budget report package for executive team to include: top 10 cost centers for each entity with the highest budget variance, temporary labor, overtime and on call usage, Admin Report, gross margin ranking reports, bed rentals and others as requested. Complete package for distribution with a 2-day turnaround after finalization of financial statements.
• 12. Function as lead designate for Budget variance analysis. Prepare monthly actual to budget reports for management. Monitor trends to include gross and net revenues, collection rates, labor and non-salary expenses. Review revenue variance (Klima report) and research revenue variances attributable to “rate” mix. Document research.
• 13. Complete monthly trend analysis of statistics and research and document stat trends for budget monitoring.
• 14. All other duties as assigned within the scope and range of job responsibilities
• 15. All other duties as assigned within the scope and range of job responsibilities

Required Education, Credential(s) and Experience

• Credential(s): ;
• Experience: Required: 5 years’ work experience in Finance, Budgeting or Cost Accounting Preferred: Experience with hospital accounting and reimbursement.

Preferred Education, Credential(s) and Experience

• Education: Master Degree Master Degree Master Degree Business Administration Accounting Economics
• Credential(s):
• Experience:

To view a full list of all open position at Bayhealth, please visit: