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.
The Department of Radiology is seeking a Business or Finance Analyst Senior to join the Radiology Finance team. This position will play a key role in providing analyses to leadership, helping assess both organizational and departmental financial health, and assisting in the planning of both short- and long-term goals, including capital equipment and faculty workforce planning. The Business or Finance Analyst will be responsible for the financial functions described below
Is This Job Right for You? This job might be right for you if you:
- Pride yourself in providing the highest level of customer service on a consistent basis
- Want to work in a collaborative environment and understand the value in being part of a strong team
- Are able to function independently, and require minimal day-to-day supervision to deliver projects in a timely and effective manner
- Will take pride in representing Radiology with a positive attitude and demeanor
- Are detail oriented and ensure accuracy and compliance in your work
- Enjoy working on a variety of projects that will span across clinical, research, and educational missions
Primary Responsibilities
- Participate in the development, monitoring, and analysis of annual operating budgets, forecasts, and long-range financial plans for assigned Radiology services.
- Perform monthly financial close activities, including journal entries, accruals, account reconciliations, and variance analysis.
- Analyze financial performance by modality, location, and cost center, identifying trends, risks, and opportunities for operational improvement.
- Prepare and present monthly financial reports and dashboards for departmental leadership.
- Support financial planning for new program implementations, facility expansions, and operational initiatives.
Develop and maintain financial models to support business planning, staffing, capital investments, and strategic decision-making.
Payroll & FTE Management
- Assist with departmental payroll and FTE budgets, including position funding, effort allocations, vacancy analysis, and labor expense forecasting.
- Coordinate payroll funding changes, DBE updates, retroactive corrections, and effort allocations with HR and Payroll.
- Analyze staffing trends and productivity metrics to support workforce planning.
Reporting & Analytics
- Design, develop, and maintain complex financial reports using Tableau, Finance BI, Smart View, Excel, and other reporting tools.
- Perform large-scale data analysis by integrating information from multiple financial, operational, and HR/Payroll systems.
- Develop automated reporting solutions that improve financial transparency and reduce manual processes.
- Reconcile operational activity, RVUs, patient volumes, and financial performance across multiple data sources.
Financial Operations
- Review and approve procurement transactions, vouchers, and invoices to ensure compliance with organizational policies.
- Coordinate year-end close activities, accruals, and financial reconciliations.
- Manage departmental cost allocations and expense distributions across multiple programs, modalities, and departments.
- Monitor high-dollar expenditures and identify opportunities for cost containment and process improvement.
Strategic & Operational Support
- Partner with operational leaders to provide financial guidance for new services, workflow improvements, and organizational initiatives.
- Support departmental restructures, Dept ID/cost center transitions, and financial system implementations.
- Serve as the primary financial resource for assigned clinical areas, providing consultative support to managers and directors.
- Identify financial risks and recommend solutions to improve reporting accuracy, operational efficiency, and fiscal stewardship.
- Experience in healthcare, higher education and/or academic medical center setting
- Advanced analytical, modeling, and data visualization skills within Tableau
- Experience in Business Objects, PeopleSoft, Oracle, and/or Hyperion
- Experience working across multiple functions and demonstrated success in quickly developing appropriate domain knowledge from each to support more robust solutions
- Ability to complete complex analytical, consultative and information support through analysis and report preparation
- Ability in problem analyses, methodology development, technical execution, and development of recommendations
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 modes.
M-F, 9a-5p
North Ingalls Building
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.
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 any time after the minimum posting period has ended.
The University of Michigan is an Equal Opportunity Employer. We are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants, including protected veterans and individuals with disabilities.
