Financial Analyst-Budgeting & Reimbursement - White Plains Hospital

White Plains, NY 10601

About the Job

At White Plains Hospital, you have an opportunity to work side-by-side with some of the most talented people in the world.

We have been widely recognized for our exceptional culture, world-class physicians, Magnet-designated nurses and passionate employees who make a real difference in our community. With tremendous growth opportunities, great benefits, and flexible work schedules, it is no wonder why we are consistently recognized as a Great Place To Work.

Position Summary

Reporting to the Budget Manager, the Financial Analyst performs a variety of duties associated with the preparation, monitoring and reporting of the operating and capital budgets. Responsible for the monthly review and analysis of operating results of assigned operational areas. Provides client focused financial and technical support to operations.

The ideal candidate will have refined analytical skills and be comfortable manipulating and summarizing observations from large data sets. As well as be extremely well-organized and have excellent time management skills to handle multiple tasks simultaneously, under sometimes tight deadlines. Must be able to work independently on complex projects and act as a finance department liaison across all levels of the organization.

Essential Functions and Responsibilities Includes the Following:

Understands and adheres to the WPH Performance Standards, Policies and Behaviors

Develop an in-depth knowledge of operations and acts in capacity of financial liaison to assigned operational areas.

Assist in the preparation, monitoring, and reporting of operating and capital budgets.

Analyze and explain expense variances, providing insights and recommendations to improve financial performance. Work with operational teams to identify corrective actions plans and track implementation.

Analyze general ledger expense accruals and adjustments for accuracy.

Conduct in-depth analysis of expense trends, highlighting key drivers and potential areas for cost optimization.

Work closely with cross-functional teams to gather relevant financial information and contribute to strategic decision-making.

Support the forecasting process by providing accurate and timely financial data and insights.

Develop expertise in various reporting systems and provide simple to complex reports to Management (Syntellis, Infor, Strata).

Maintain financial models and reporting tools to improve efficiency and accuracy.

Assist in the administration of the performance reporting system and provide support to end users.

Collaborate with senior financial planning and budget staff on improving and streamlining departmental processes and reporting. Participate in the development of training materials and presentations for new finance staff as well as operational clients.

Cross-trained to perform in other areas of the Finance Department as needed.

Performs all other related duties as assigned.

Education & Experience Requirements

2-5 years’ experience in Accounting, Finance, or related field. Hospital/Healthcare experience preferred.
Demonstrated knowledge of reporting systems (Syntellis), cost accounting (Strata), and financial systems (Infor), medical record systems (EPIC)
Excellent skills in MS Office Suite (Excel, PowerPoint, Word etc.)
Knowledge of healthcare systems and business practices.
Ability to work independently and collaboratively in a fast-paced environment.
Excellent skills in reading, analyzing, and interpreting hospital volume and financial data.
Bachelor’s degree in business/Hospital Administration required, Masters preferred.

Core Competencies

Position requires the ability to maintain positive relationships with peers, supervisors, department heads and senior staff.
Understands organizational dynamics and ability to lead others toward goal achievement.
Ability to understand key issues and synthesize large data sets of complex information to communicate to various audiences.
Self-motivated and dynamic individual with the ability to think creatively and work independently on complex projects and complete analysis/projects in a timely manner to meet internal and external deadlines.
Strong organizational and prioritization skills; ability to work under pressure to meet multiple deadlines simultaneously, as well as flexible enough to change direction with responsibilities beyond the normal scope as assigned.
Position must exhibit integrity and confidentiality in dealing with information which can be sensitive in nature, including information which may fall under HIPAA regulations.

Physical/Mental Demands/Requirements & Work Environment

May be exposed to chemicals necessary to perform required tasks. Any hazardous chemicals the employee may be exposed to are listed on the hospital’s SDS (Safety Data Sheet) database and may be accessed through the hospital’s Intranet site (Employee Tools/SDS Access). A copy of the SDS database can also be found at the hospital switchboard, saved on a disc.
Ability to remain in a stationary position 90% of the time.
Constantly utilizes/operates computers to access information.
Ability to operate general office equipment.

Primary Population Served

Check the appropriate box(s) below:

â˜Neonatal (birth – 28 days)

â˜Patients with exceptional communication needs

â˜Infant (29 days – less than 1 year)

â˜Patients with developmental delays

â˜Pediatric (1 – 12 years)

â˜Patients at end of life

â˜Adolescent (13 – 17 years)

â˜Patients under isolation precautions

â˜Adult (18 – 64 years)

â˜Patients with cultural needs

â˜Geriatric (> 65 years)

â˜All populations

â˜Bariatric Patients with weight related comorbidities

â˜' Non-patient care population

The responsibilities and tasks outlined in this job description are not exhaustive and may change as determined by the needs of White Plains Hospital.

PI242991730

Source : White Plains Hospital