Senior Financial Analyst

Job Description

Sr Analyst – Finance MHS INW

Description

The Senior Analyst Finance is responsible for providing strategic analytical support to multiple business units within MultiCare’s Inland Northwest (INW) Region. The position primarily supports senior leadership aiding in decision making, planning, expense reduction and revenue enhancement. Responsibilities are focused on providing leadership 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 senior financial analyst coordinates, performs, the budgeting, forecasting, financial reporting and other financial activities related to the INW region, the organization, the business unit and more. Analyzes cost center and financial data and develops complex reports for forecasting and results analysis. The senior financial analyst assists in financial studies and analysis regarding projected and unexpected changes in revenues and expenditures, and ensure compliance with appropriate regulations. Assists with the growth and development of junior analysts on the team through mentoring and coaching.

department and/or agency regulations and restrictions. This position may train others in budget-related policies and procedures. The senior financial analyst supports junior analysts’ growth by providing leadership, expertise, coaching and mentorship.

Major Functions and Accountabilities

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
• Accountable for the material accuracy of the business unit’s financial statements during the monthly close process
• Accountable for 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
• Responsible for integrity of month end close
• Provide oversite to expense categorization in the general ledger with a focus on consistency, budgeted expense cost center and accuracy of costs within certain cost centers
• Perform analysis 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
• Lead 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
• Creates and presents executive-level summaries of major analytical projects that outline key findings, recommendations, and other insights/takeaways
• Provides expert knowledge of health care and industry trends to team in development and provision of business intelligence
• Functions as internal consultant to organization leadership
• Functions as point person and representative at select organizational and departmental meetings, as well as mid and large-scale development, growth, and change related projects
• 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
• Database and big data mining
• Data sourcing
• Manage multiple projects and priorities simultaneously

Experience, Training, and Qualifications

• Expert knowledge of health system operations, health care and industry trends
• Minimum 5 years’ experience in a healthcare environment; large health system experience is preferred; health plan experience is helpful.
• Proven analytical skills to identify opportunities for financial and operational improvement through data analysis and interpretation.
• Knowledge of payment methodologies; financial and clinical information systems.
• Knowledge of and experience with accounting principles, CPA preferred
• Experience reconciling general ledger account level detail to supporting documents
• Minimum 3 years’ experience working with various BI tools, Analytics software and Data Warehousing environments
• Minimum 3 years’ experience with backend systems, databases, and working with large amounts of data
• Demonstrated experience and proficiency using SQL and SQL scripting as a tool for data analysis. Proficient in MS SQL Server, T-SQL. SSRS knowledge a plus
• Expert in Excel (with data management, formulas, graphs)
• Experience with Milliman Medlnsight or other BI tools, preferred
• Experience in and proficiency with all Microsoft Office tools (Excel, PPT, project, Visio, Word, Publisher, Outlook, One Note)
• Bachelor's degree required; Finance, Accounting, Economics, Quantifiable Analytics or related field preferred.
• Master’s degree preferred
• Skilled in teamwork dynamics, both as a member and a leader
• Excellent communication and presentation skills in both written and verbal, including the ability to produce clear and well-organized documentation
• Customer-focused, team player with a desire to continuously improve current business practices/processes
• Ability to see the big picture while maintaining a detail-oriented mindset
• Passionate about excellence, data quality and integrity; with the ability to drive process improvement of data-related issues
• Ability to juggle multiple projects at once and manage time effectively, to meet established deadlines in a high stress environment
• Self-starter who takes initiative, and drives progress on major projects without being asked or with minimal supervision
• Develop and foster internal relationships across the corporation To provide analytic and consultative support to a broad spectrum of internal customer areas and external business partners
• Mentor colleagues with less experience on both the technical and business aspects of project and consultative work.

As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy.

Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.

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. For additional information on MultiCare benefits, please visit the MultiCare Benefits website at:

Position Summary

The Senior Financial Analyst is responsible for advanced and objective analytical support and independently organizing, and presenting data to support the organization's Finance, Operations and Strategic Planning functions, serving as support to the Manager/Director. Included in these projects are ongoing and special financial analysis and support to Finance, Administrators, Directors and Managers throughout the health system, as well as other special projects as assigned. Work situations require complex data analysis, strong computer skills, initiative, independent judgment in decision-making, a professional work ethic and effective interpersonal skills.

Requirements

• Bachelors degree in Healthcare or Business Administration required, with a concentration in accounting, finance or other related field highly preferred
• Minimum five (5) years of experience in finance and/or financial analysis, in a healthcare setting preferred
• Systems experience and proficiency with Microsoft Excel, Word and Outlook
• Healthcare experience preferred
• Consideration may be given to internal candidates not meeting minimum requirements

About Deaconess Hospital

Founded in 1896, MultiCare Deaconess Hospital is a 388-bed acute-care hospital serving the greater Spokane region. Deaconess is home to a Level III Trauma Center, Certified Chest Pain Center, Primary Stroke Center, Maternal Fetal Medicine program and a Level III Neonatal Intensive Care Unit. It is the only hospital in the area with national accreditation in bariatric surgery. Deaconess provides high-quality inpatient, outpatient, surgical, diagnostic and emergency services.

About the Spokane Community

Spokane, in eastern Washington along the Spokane River and near the Selkirk Mountains, offers a vibrant city experience with endless access to outdoor adventure. Residents enjoy lakes, rivers, ski resorts, golf courses, wineries, and nearby national parks, combined with a thriving arts and culture scene. Spokane delivers the perfect balance of city living and Pacific Northwest recreation year-round.

Why MultiCare?

• Rooted in the local community – Partnering with patients, families and neighbors across the Pacific Northwest for more than 140 years

• Growth and education – Competitive tuition assistance, award-winning residencies, fellowships and career development to invest in your future

• Well-being and support – Generous PTO, Code Lavender and Employee Assistance Programs to help you maintain balance and feel cared for at work and in life

• Living our values – Respect, integrity, kindness and collaboration guide how we care for patients, communities and each other

• Belonging for all – Employee Resource Groups, inclusion initiatives and outreach programs support a workplace where every voice is valued

• Pacific Northwest lifestyle – Work and live where natural beauty, adventure and strong community connections are part of everyday life

Pay and Benefit Expectations

We provide a comprehensive benefits package, including competitive salary, medical, dental and retirement benefits and paid time off. As required by various pay transparency laws, we share a competitive range of compensation for candidates hired into each position. The pay scale is $84,559.00 - $121,699.00 USD. However, pay is influenced by factors specific to applicants, including but not limited to: skill set, level of experience, and certification(s) and/or education. If this position is associated with a union contract, pay will be reflective of the appropriate step on the pay scale to which the applicant’s years of experience align.

Associated benefit information can be viewed here.