Sr. Financ ial Analyst - Full Time/Day Shift
Position Summary: We are looking for a Sr Financial Analyst who will play a key role in supporting the financial planning and analysis for Watsonville Community Hospital. This position will report to the Finance Manager and/or Controller. This position will assist with treasury functions including weekly cash flow reporting and forecasting, annual budget preparation, service line reporting and internal and external financial reporting. Will create/provide tracking of key strategic initiatives in alignment with organization's goals. The candidate builds trusted relationships with key stakeholders in Finance, Accounting, Revenue Cycle and Operations. The Sr. Financial Analyst provides financial reporting and analysis for monthly financial close, payer contract performance, revenue cycle reporting and analysis, budgeting, and long-term service line forecasting (proformas). The Sr. Financial Analyst will communicate regularly with Hospital leadership to review and/or provide training of financial reports, support monthly variance analysis and develop annual budgets. Additionally they will be responsible to maintain compliance with tax and legal regulations as they relate to finance and accounting.
The Position
The Sr Financial Analyst is responsible to support the functional areas, as follows:
- Supports the Finance Manager, Controller and CFO with financial and operational reporting for Watsonville Community Hospital closely collaborating with C-Suite leaders such as CFO, CEO, COO, and CNO and other Hospital leadership.
- Assists with weekly cash flow reporting based on banking receipts and disbursements including actual vs. forecast reporting. Gathering feedback from operations and leadership on upcoming trends and expenditures.
- Participates in debt covenant tracking and reporting including monthly financial KPl's.
- Prepares ad-hoc analysis to facilitate executive decision on profitability analysis of business lines, investment planning, key performance indicators, and financial analysis.
- Provides analysis to support recommendations to the CEO, COO, and CFO for decision making purposes.
- Actively participates in the process improvement projects with accounting and finance.
- Assists with bond financing projects with leadership and consultants including 5-year strategic plans.
- Active participation with any system implementations.
- Liaise with the accounting, decision support, and technology departments to enhance the efficiency, accuracy and control over the financial close and reporting processes.
- Working very closely with Accounts Payable and Payroll to understand, analyze and provide reporting.
- Develops the annual budget and process in conjunction with the Finance Manager, Controller and CFO, including development and tracking or business development,
- Supports revenue cycle, labor management, supply chain, utilization, and cost and efficiency initiatives.
- Works with leadership to provide capital budget development and tracking including non-profit fund management from charitable foundation.
- Assists CFO or Controller with varying ad-hoc analysis
- Creates or assists with Board of Directors and Finance Committee reporting package and presentation materials
- Develop payer performance analysis & dashboard
- Provide contract management analysis and tracking
Responsible for reporting to support DSH, QAF, HCAI reporting, cost reports and other external or regulatory requirements.
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Require d Q ualifications
- 3-5 years of experience in financial reporting, planning and analysis preferably in hospital setting or healthcare finance
- Bachelor's degree in business/ finance/ or accounting required. (or equivalent experience)
- Strong organizational and project management skills, and ability to work independently, prioritize tasks, and see projects through from inception to completion on schedule
- Advanced interpersonal skills, with the ability to lead projects and collaborate productively on highly-complex projects with key personnel at all professional and technical levels
- Strong written and verbal communications skills, with the ability to interpret and convey
highly sophisticated technical and financial information in a clear, concise manner, and to make cogent presentations of analyses, reports, and investigation results.
- Advanced problem-solving skills, analytical ability, and in-depth knowledge of documentation and reporting, with the ability to run highly complex queries and studies, to collect and analyze financial and performance data, and to produce relevant, meaningful reports, analyses, and forecasts.
- In-depth ability to work with senior staff and managers across departments, serving as a technical resource and information resource in decision support, and providing recommendations and advice on decision support processes, business and financial issues, and industry trends and advances
Preferre d Q ualifications
- Three to Five years of FP&A experience, preferably in hospital or healthcare finance
