Cedars-Sinai Sr Financial Analyst in Los Angeles, California
Job Posting: Summary of Essential Job Duties:
•Compile relevant statistical and financial data on a daily, bi-weekly, monthly and quarterly basis, as required by its intended use.
•Work with the areas of accounting, budget, data warehouse, and decision support systems to mine data and assemble the necessary information for the financial and statistical reports.
•Review the data, normalize it if necessary, and adapt it for its maintenance and use for future reports.
•Educate and assist Finance and other department heads in interpreting reports.
•When necessary, design and create additional reports relating to volume and census, charges, costs, physician information and other required detail to help explain the factors underlying trends within the overall statistics.
•Establish and maintain good rapport with both the providers and users of the data, and reports.
•Prepare and analyze internal reports based on the needs of the Executive leadership team, and meet with and advise various levels of management as requested for budget and financial assistance as well as productivity.
•Prepare budget projections for the workbooks in the Axiom software system (includes volume, revenues & expenses, and FTEs & salaries)
•Prepare the capital budget worksheets and instructions for management
•Prepare periodic analysis reports for the management team as needed
•Support productivity and benchmarking efforts
•Comprehensive knowledge and understanding of Cedars-Sinai general ledger accounts and reporting structures
•Update the budget system with volume and general ledger data monthly via uploads from PeopleSoft or other sources
•Update the budget system with payroll data on a bi-weekly basis via uploads from Lawson
•Maintain structure and reporting responsibility lists in the budget system
•Maintain policies and procedures for all budget processes
•Prepare sections of the annual Board Book for capital and operating budget approval
•Train new management on budget process and variance analysis as needed and/or requested
•Continuously look for improvement opportunities with the budget and financial processes
•Strong track record with respect to output quality, customer service, quality and process improvement initiatives, in addition to demonstrated excellence in maintenance and organization of paper and electronic documents.
•Perform other duties and ad-hoc projects as assigned.
•Display high levels of critical thinking, flexibility and adaptability to changes.
Education Certifications/Licensure Experience Physical Abilities Educational Requirements: Master's Degree preferred (in a related field— Finance, Healthcare Admin, Accounting or Economics) Bachelor's degree required in a related field (Finance, Healthcare Admin, Accounting or Economics preferred), or the equivalent.
License/Certification/Registration Requirements: N/A
Experience: Three years of experience in a related field (healthcare), or five years total experience in non-related field (finance, budgeting, accounting or economics preferred). Prior experience preparing capital and operating budgets preferably in a hospital environment, including knowledge of key statistics, terminology and the components of an income statement. Strong accounting knowledge is preferred. Good written and verbal communications skills are necessary. Excellent interpersonal skills are also required.
Physical Demands: (e.g., lifting, standing, walking)
Normal office; occasionally may need to lift heavy boxes