Financial Analyst I

Financial Analyst I

At MultiCare, we strive to offer a true sense of belonging for all our employees. Across our health care network, you will find a dynamic range of meaningful careers, opportunities for growth, safe workplaces, and flexible schedules. We are connected by our mission - partnering and healing for a healthy future - and dedicated to the health and well-being of the communities we serve.

Reporting to the Manager of Analytics, this Financial Analyst I is responsible for providing strategic analytical support to multiple business units within MultiCare's Inland Northwest (INW) Region. The position primarily supports finance leadership aiding in decision making, planning, expense reduction and revenue enhancement. Responsibilities are focused on providing resources and expertise to the finance team; data acquisition, data sourcing, performing data analysis and providing business intelligence, and modeling changes to support the growth of MultiCare's INW Region. This position is responsible for a wide range of analytics and reporting associated with the organization's financial, operational, and clinical performance. The incumbent leverages detailed general ledger, patient account, or procedure level detail to report, explain, or analyze operational performance on a daily, monthly, quarterly or annual basis dependent upon the system / region's need. The Financial Analyst I performs the budgeting, forecasting, financial reporting and other financial activities related to the INW region, the organization, the business unit and more. The Financial Analyst I analyzes cost center and financial data and develops complex reports for forecasting and results analysis. The Financial Analyst I assists in financial studies and analysis regarding projected and unexpected changes in revenues and expenditures and ensures compliance with appropriate regulations.

Major Functions and Accountabilities (progressive track to become highly functional in the duties below) :

Duties may include, but are not limited to, the following :

• Ensure successful prioritization and completion of projects
• Big data mining
• Data sourcing including SQL data sourcing
• Data validation
• Prepare data / reports and analysis to help business make decisions
• Prepare mid-month forecasts, quarterly roll forward forecasts, and analytics for the year
• Provide profit and loss reports, ROI support on business ventures and related analytics on an ad-hoc basis
• Provide labor target variance reports to senior leaders and cost center leaders on a per pay period basis
• Provide budget variance reports to Senior leaders and department heads monthly
• Evaluates and synthesizes in-depth monthly budget performance reviews for business units, cost centers, clinics, and / or service lines with full understanding of performance variances and concerns presented in a concrete / understandable manner and identify opportunities for improvement
• Conducts ad-hoc analyses on topics as dictated by general business trends or at the request of leadership
• Assists in monthly close processes
• Perform analysis on or assist in performing mid month forecasts
• Perform "look back" analytics at intervals throughout the lifecycle of services provided to assure performance is on track form a revenue, expense, market share and margin perspective. As well as confirming that newer business ventures are achieving the milestones expected in their original ROI's and proformas
• Supplements financial analysis with operational and / or clinical data and insights in order to provide relevant context and a holistic point of view
• Utilizes rate / volume calculations to quantify the impact of changes in patient mix, procedure mix, payor mix, or other business shifts
• Assist in efforts in continuing improvement of policies and processes, work products, performance, efficiency and financial performance
• Work with IT, Finance, Decision Support and other staff to understand data limitations, develop custom reports, and validate data used across organization
• Work as liaison across business units, implementing and monitoring changes
• Develops the skills of a super-user of current business tools, including workday reporting, Laborlytics, SQL, EPIC reporting, Kronos reporting BI tools, KMS and more
• Becomes proficient in Provider reimbursement rates and contractual requirements, offering best in class solutions when appropriate
• Other duties as assigned or requested
• Manage multiple projects and priorities simultaneously

Experience, Training, and Qualifications

Benefit Eligibility

This position is eligible for MultiCare benefits. As part of your total compensation, MultiCare offers a comprehensive benefits package, including medical, dental and vision plans, retirement, paid time off, life and disability insurance.

FTE : 1.0, Shift : Day, Schedule : M-F (8 : 00 - 17 : 00)

Position Summary

The Financial Analyst I is an entry level analyst responsible for gathering and analyzing data to support the organization's Finance, monthly accounting close, and annual budget process, serving as support to the Senior Analysts / Managers / Directors and providing accurate, timely, and objective analyses in all projects assigned. Included in these projects are ongoing, and periodically special, financial analysis and support to Finance. The Financial Analyst I provides analytic support to members of the Finance Division team. Work situations are routine and require sound data analysis and computer skills, and effective interpersonal skills. Independent judgement and decision making within the scope of position responsibilities is required.

Requirements

Our Values

As a MultiCare employee, we'll rely on you to reflect our core values of Respect, Integrity, Stewardship, Excellence, Collaboration, Kindness and Joy. Our values serve as our guiding principles and impact every aspect of our organization, including how we provide patient care and what we expect from each other.

Why MultiCare?