Financial Analyst 3

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The Surgery department has an exciting opportunity for a full time Financial Analyst 3 (H) position. The incumbent examines financial status of the organization by collecting, monitoring, and studying data, and develops projections, reports, and presentations to assist senior managing staff in their financial decision-making process. Moreover, the incumbent establishes and enforces policies and procedures that further department's financial goals and objectives.

Core Job Functions

• Develops, prepares and coordinates documentation of financial analysis projects such as budgets, forecasts, projections, expense performance, and presentations.
• Identifies trends and developments in competitive environments and makes recommendations to senior management.
• Provides analytical evaluation for forward-looking financial or business-related projects.
• Devises financial forecasting and reconciliation of accounts.
• Reviews reports and ensures that financial information has been recorded accurately.
• Compares results with plans and forecasts and makes recommendations for adjustments.
• Trains and oversees junior staff members to ensure accuracy and efficiency in end work product.
• Assists in the development and organization of department and project budgets.
• Designs and builds various models that summarize several different scenarios around growth and expansion initiatives or opportunities.
• Develops performance and productivity dashboards, models or analyses.
• Determines profitability and pricing on product offerings and develops performance indicators to enable the analysis of business segments and new product lines.
• Conducts research on different strategic initiatives.
• Acts as liaison to other departments, vendors, and other external parties to complete assignments.
• Adheres to University and unit-level policies and procedures and safeguards University assets.

Core Qualifications

Department Addendum

Department Specific Functions

Prepares and coordinates documentation of financial analysis projects such as budgets, forecasts, projections, expense performance, and presentations. Identifies trends and developments in competitive environments and presents findings. Provides analytical support for forward-looking financial or business-related projects. Performs financial forecasting and reconciliation of accounts. Designs and builds various models that summarize several different scenarios around growth and expansion initiatives or opportunities. Collaborate with the Central Finance (UMMG or MSOM) team in resolving matters relating to budget reconciliation. Collaborate with the relationship leader to address discrepancies and variances within department's P&L. Prepare and present the annual operating budget. Monitor and control operational costs, identify cost-saving opportunities, and implement efficiency improvements. Participate in strategic planning initiatives, providing financial insights and projections to support growth, development, and potential practice acquisitions. Develop financial reports for clinic operations analysis and strategic growth feasibility. Maintain effective communication with internal and external stakeholders. Review and approve purchase orders, work orders, check requisitions, and consulting agreements. Assign Costing Allocations for all new and replacement positions, one-time payments, etc. Perform monthly financial analysis for assigned Divisions / Practices to assure accuracy of all accounts and determine the cause of any significant variances from the budget, report these variances to required stakeholders, and provide suggestions for correcting these variances. Prepare Journal Entries and Payroll Accounting adjustments as needed. Collaborate with the Central Finance team for the submission of monthly accruals as needed. Prepare monthly inter-departmental transfers for operating expenses. Assesses and identifies revenue opportunities and develops plans of action for improvement. Analyzes, facilitates, and executes maintenance of contracts for outside clinical services. Track expenses and revenues vs. budget and forecast and analyze fluctuations. Assist in the budget & forecast process. Evaluate profit and cost efficiencies in various areas of the organization as needed. Actively participates in the completion of the annual cost report. Other duties as assigned.

The University of Miami offers competitive salaries and a comprehensive benefits package including medical, dental, tuition remission and more.

UHealth-University of Miami Health System, South Florida's only university-based health system, provides leading-edge patient care powered by the ground breaking research and medical education at the Miller School of Medicine. As an academic medical center, we are proud to serve South Florida, Latin America and the Caribbean. Our physicians represent more than 100 specialties and sub-specialties, and have more than one million patient encounters each year. Our tradition of excellence has earned worldwide recognition for outstanding teaching, research and patient care. We're the challenge you've been looking for.

The University of Miami is an Equal Opportunity Employer - Females / Minorities / Protected Veterans / Individuals with Disabilities are encouraged to apply. Applicants and employees are protected from discrimination based on certain categories protected by Federal law.