FINANCIAL SPECIALIST

Financial Specialist

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How to Apply

A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.

Job Summary

Michigan Medicine is seeking a Financial Specialist to join the organization's Central Finance division. The position will serve as the University of Michigan Medical Group (UMMG) primary contact to clinical departments for professional services agreements (PSAs) as it relates to invoicing, financial transactions, funds flow modeling, and reconciliation.

Additional duties related to servicing clinical departments, such as funds flow monitoring, financial data collection / verification, and forecasting will be necessary on a semi-regular basis.

The Finance Specialist will be expected to work closely with clinical departments and leverage communication skills to solve complex financial tasks.

Ideal candidates are adaptable and willing to take on a broad variety of additional tasks to improve operational efficiency, make or prepare presentations to internal or external groups, and other duties as assigned, functioning with a high degree of independence and minimal day-to-day supervision to deliver projects in a timely and effective manner.

Mission Statement

Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally.

Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.

Responsibilities

As a Financial Specialist, a typical day will likely include :

• Collaborating with clinical departments to assess PSA activity and the associated financial transactions and funds flow modeling.
• Invoicing Shared Services for PSA activity and creating journal entries back to clinical departments.
• Monitoring and tracking all financial activity related to PSAs and developing monthly / annual reports around enterprise-wide net investment.
• Working closely with the Department of Strategy to understand the terms of external contracts as they relate to PSAs.
• Communicating with the broader UMMG finance team to handle semi-regular work outside of PSA financial activities.
• Supporting the UMMG finance manager and senior analyst in day-to-day ad hoc requests.
• Designing, developing and recommending new approaches, methodologies and tools for data driven decision making and planning.

Is This Job Right for You?

This job might be right for you if?

• Complicated funds flow models and financial analysis pique your interest.
• You are meticulously organized and able to monitor / track large amounts of data.
• You have exceptional communication skills and enjoy working with clinical departments.
• You enjoy problem solving and making new discoveries.
• Working in ambiguity and creating business solutions that are novel to the organization sounds stimulating.
• You pay attention to detail and do not let anything fall through the cracks. As far as you are concerned, anything worth doing is worth doing right, every time.
• You can thrive while working in both team and individual settings.
• You feel comfortable offering support and expressing ideas to leadership.
• You make the customer your number one priority in any situation.

Required Qualifications

• Bachelor's degree in finance, business, or similar.
• 2-5 years of professional experience.
• Proven ability to build internal client relationships, function as a member of a team, and demonstrate initiative.
• Ability to assess competing priorities, manage workflow and meet operational deadlines
• Knowledge of and / or experience in Microsoft Office Suite (specifically Excel).
• Strong communication skills (both oral and written).

Desired Qualifications

• Master's degree in business administration or equivalent
• 2+ years of experience in an analytical role
• Experience in healthcare, higher education, and / or academic medical center setting
• Advanced analytical, modeling, and data visualization skills
• Experience in Business Objects, PeopleSoft, Oracle, and / or Hyperion
• Experience working across multiple functions (Finance, IT, HR, Student, Research, etc.) and demonstrated success in quickly developing appropriate domain knowledge from each to support more robust solutions

Modes of Work

Positions that are eligible for hybrid or mobile / remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment.

Learn more about the work modeshere (https : / / dev.hr.umich.edu / working-u-m / my-employment / ways-we-work-resource-center / ways-we-work-implementation-group / modes-work) .

Background Screening

Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings.

Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.

Application Deadline

Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting.

This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.

U-M EEO / AA Statement

The University of Michigan is an equal opportunity / affirmative action employer.

Job Detail

Job Opening ID

252610

Working Title

Financial Specialist

Job Title

Financial Specialist Inter

Work Location

Ann Arbor Campus

Ann Arbor, MI

Modes of Work

Hybrid

Full / Part Time

Full-Time

Regular / Temporary

Regular

FLSA Status

Exempt

Organizational Group

Medical School

Department

MM Executive Administration

Posting Begin / End Date

8 / 06 / 2024 - 9 / 05 / 2024

Career Interest

Finance

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