Senior Financial Analyst

Financial Analyst Sr

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.

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.

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.

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

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.

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.

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.

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