Strategic Financial Analyst

Atlantic Health; Morristown (NJ); On-site; USD 80,000 - 120,000; Full time

Job summary

Atlantic Health in Morristown, NJ seeks a Strategic Finance Analyst for Service Lines to act as a strategic financial partner, developing business cases, performing financial assessments, and creating proforms that project volumes, costs, reimbursements, staffing impacts, and overall financial performance.

The role collaborates with service line leadership to translate financial insights into strategic initiatives, support annual budgeting, and identify cost-saving opportunities while

Responsibilities

• Analyze financial performance, identify trends, variances, risks, and opportunities, and provide actionable recommendations on service line performance and physician-hospital contribution margin.
• Collaborate with service line partners to understand operational drivers and translate complex financial information into meaningful insights.
• Evaluate operational efficiency, identify cost-saving opportunities, and support business cases for new initiatives.
• Support development and execution of annual service line budgeting including gathering inputs and aligning budget targets.
• Maintain understanding of business processes, data sets, and clinical knowledge of operations to extract, transform and analyze financial data.
• Communicate complex financial and operational information clearly through written reports, presentations, and verbal discussions.
• Regularly exercise discretion and judgment in the performance of essential job functions.
• Perform other duties as assigned.

Job description

Strategic Finance Analyst – Service Lines

The Strategic Finance Analyst serves as a strategic financial partner to Service Line and Institute leadership, providing comprehensive analytical support that informs program development, operational decision-making, and long-term planning. This role plays a critical part in evaluating and advancing clinical, operational, and strategic initiatives by developing detailed business cases, performing financial assessments, and creating proforms that clearly outline expected volumes, costs, reimbursements, staffing impacts, and overall financial performance. The analyst discovers trends and provides actionable insights driving business strategies and operations across the service lines.

Responsibilities

• Analyze financial performance, identify trends, variances, risks, and opportunities, and provide actionable recommendations to evaluate service line performance andphysician hospital contribution margin.

• Collaborate with service line partners to understand operational drivers and translate complex financial information into meaningful insights.

• Evaluates operational efficiency, identifies cost-saving opportunities, and supports business cases for new initiatives.

• Support development and execution of annual service line budgeting including gathering inputs and aligning budget targets.

• Increase the relevance and impact of service line marketing touchpoints by maintaining incremental service line specific volume ROI models.

• Maintain a thorough understanding of business processes, data sets, and clinical knowledge of operations to extract transform and analyze financial data.

• Communicate complex financial and operational information clearly, concisely, and accurately through written reports, presentations, and verbal discussions.

• Regularly exercises discretion and judgment in the performance of essential job functions.

• Perform other duties as assigned.