Senior Financial Analyst

Baylor College of Medicine; Houston (TX); On-site; USD 85,000 - 110,000; Full time

Job summary

The Bobby R. Alford Department of Otolaryngology, Head & Neck Surgery at Baylor College of Medicine is seeking a Senior Financial Analyst to maximize department productivity through complex financial analysis, budgeting, forecasting, and reporting.

This role directs daily operations and monitors medical services revenue in coordination with stakeholders. Onsite initially, with potential for hybrid work.

Qualifications

• Bachelor's degree in Finance or a related field.
• Minimum four years of relevant experience in finance.
• Healthcare or academic medicine experience preferred.

Responsibilities

• Performs complex financial analysis and budget forecasting.
• Creates reports, forecasts, variances and identifies risks and opportunities.
• Monitors and reports department revenue to stakeholders.
• Develops financial models and benchmarks for performance improvement.
• Supports grant activities and long-term financing documentation.
• Communicates with leadership and staff to drive cost reductions and efficiency.

Skills

Financial analysis

Budgeting

Forecasting

Education

Bachelor's degree in Finance or related field

Tools

SAP

Job description

Work Schedule: Monday – Friday, 8 a.m. – 5 p.m.

Summary

The Bobby R. Alford Department of Otolaryngology, Head & Neck Surgery is seeking a Senior Financial Analyst to help maximize business productivity by performing complex financial analysis, budget forecasting, and reporting. This position will play an important role in directing daily operations of the department, and will monitor and report medical services revenue to department and College stakeholders. Along with departmental leadership, this position will lead process improvement initiatives related to financial performance and evaluate business development opportunities. This role will regularly interact with faculty in the department and must be able to communicate effectively and professionally at all times. While the position will need to be onsite at least initially, we would consider a hybrid work schedule.

Job Duties

• Performs financial analysis and budget forecasting.
• Creates financial reports, forecast presentations, variances, and identify risks and opportunities.
• Participates in the preparation and submission of documentation for long-term financing requests.
• Identifies trends and recommends actions based on sound analysis.
• Analyzes data to improve operational efficiency and implement outcomes.
• Prepares and monitors budgets.
• Monitors expenses and financial accounts.
• Prepares and maintains report templates for analysis and financial forecasting.
• Communicates regularly with various internal and external stakeholders to facilitate collection and analysis of financial data.
• Assists with post award grant activities.
• Provides creative alternatives and recommendations to reduce costs and improve financial performance.
• Develops financial models, conducts benchmarking, and processes analysis.
• Conducts business studies on past, future and comparative performance and develop forecast models.
• Reviews and approves financial entries and transactions, such as journal entries or purchase orders.
• Manages and executes service line budgets within the department, establishing workflows or processes to verify revenue and expense generation
• Organizes and communicates monthly financial reports for administrator, practice manager, and physician leadership.
• Monitors productivity for physicians participating in Baylor Medicine compensation plan, communicating regularly with leadership regarding individual benchmarks.
• Assists with strategic business development as it relates to clinical operations. Specifically, formulate business plans, proformas, and concept acceptance proposals as required.
• Works with medical director and practice manager to create internal mechanisms to periodically review pricing for self-pay offerings such as cosmetic injections/procedures, sublingual allergy therapy, and hearing aids.
• Manages effort and cost distributions for staff and faculty.
• Performs other job-related duties as assigned.

Minimum Qualifications

• Bachelor’s degree in Finance or a related field.
• Four years of relevant experience.

Preferred Qualifications and Skills

• Relevant advanced degree.
• Experience in healthcare and/or academic medicine.
• Experience in SAP.

Work Authorization Requirement:

This position is not eligible for visa sponsorship.Candidates must be legally authorized to work in the United States at the time of application and throughout the duration of employment.

Baylor College of Medicine is an Equal Opportunity/Affirmative Action/Equal Access Employer.

Baylor College of Medicine fosters diversity among its students, trainees, faculty, and staff as a prerequisite to accomplishing our institutional mission and setting standards for excellence in training healthcare providers and biomedical scientists, promoting scientific innovation, and providing patient-centered care. Baylor College of Medicine is an Equal Opportunity/Affirmative Action/Equal Access Employer.