Financial Analyst

Job Details

Job Description

JOB SUMMARY

Provides financial and statistical information to management, staff, and external customers in compliance with internal and external requirements by efficiently accessing the organization's financial and decision support systems and through effectively analyzing and verifying the inputs and outputs from those systems.  Maintains financial records and systems in accordance with GAAP, Hospital policies and the Healthcare Audit Guide.

ESSENTIAL FUNCTIONS

• Assists and prepares, accurate, complete, and understandable financial information for timely distribution to internal and external users. Financial information includes, but is not limited to Inpatient, OBV, AO, and outpatient service line/business unit financial performance reports, payer financial performance reports, extensive use of decision support systems, including appropriate interpretation and presentation of data, net revenue/reimbursement computations, payer contract supporting computations, budget proposals, budget development, monthly actual/budget analysis, business plans, and look-back reviews.
• Assists in annual operating budget preparation of the hospitals and LVHS activities and monthly actual/budget analysis under direction of the Budget Manager.
• Maintains financial systems, decision support systems, and certain financial or statistical elements of related systems supporting budgeting, financial analysis, net revenue, and reimbursement. Participate in applying software and hardware upgrades to the systems as appropriate.
• Participates and assists in the monthly financial statement close and preparation of monthly financial statements as assigned under the direction of the Assistant Controller through determination of net revenue, analysis of expenses, valuation of accounts receivable and development of other supporting documentation as required.
• Reports, budgets, projects/forecasts volume utilization by program, physician, and clinical department as required.
• Serve as a resource to Finance management to assist in ad hoc projects and other duties as assigned.
• Analyses and other information that is provided to the customer is prepared in a concise, easy-to-understand manner.
• Information that is provided to the customer is prepared in a concise, easy-to-understand manner.
• Responds to customer inquiries ideally on the day they are received, but never later than the following day.

QUALIFICATIONS

Education - Required

• Bachelor’s Degree in Accounting or Finance

Experience - Required

• 3 years experience as an accountant, financial analyst or the equivalent. Experience in budgeting, capital project financial analysis, net revenue and reimbursement computations, decision support, and financial reporting is desirable

Knowledge, Skills and Abilities - Required

• Knowledge of hospital and physician payment methodologies.
• Proficiency in the use of personal computers operated in a Windows environment and ability to use various mainframe and PC-based software applications. Proficiency in Excel and Word is required.
• Must function cooperatively as part of the finance team and exhibit flexibility in response to changing demands and priorities.
• Work requires effective written and oral communication skills with a need for communications to be complete, concise and understandable. The target audience varies from department managers, other finance staff and external audiences.

Work Shift

Worker Sub Type

Employee Entity

Primary Location Address

Nationally ranked, Jefferson, which is principally located in the greater Philadelphia region, Lehigh Valley and Northeastern Pennsylvania and southern New Jersey, is reimagining health care and higher education to create unparalleled value. Jefferson is more than 65,000 people strong, dedicated to providing the highest-quality, compassionate clinical care for patients; making our communities healthier and stronger; preparing tomorrow's professional leaders for 21st-century careers; and creating new knowledge through basic/programmatic, clinical and applied research. Thomas Jefferson University, home of Sidney Kimmel Medical College, Jefferson College of Nursing, and the Kanbar College of Design, Engineering and Commerce, dates back to 1824 and today comprises 10 colleges and three schools offering 200+ undergraduate and graduate programs to more than 8,300 students. Jefferson Health, nationally ranked as one of the top 15 not-for-profit health care systems in the country and the largest provider in the Philadelphia and Lehigh Valley areas, serves patients through millions of encounters each year at 32 hospitals campuses and more than 700 outpatient and urgent care locations throughout the region. Jefferson Health Plans is a not-for-profit managed health care organization providing a broad range of health coverage options in Pennsylvania and New Jersey for more than 35 years.    

Jefferson is committed to providing equal educa­tional and employment opportunities for all persons without regard to age, race, color, religion, creed, sexual orientation, gender, gender identity, marital status, pregnancy, national origin, ancestry, citizenship, military status, veteran status, handicap or disability or any other protected group or status. 

Benefits

Jefferson offers a comprehensive package of benefits for full-time and part-time colleagues, including medical (including prescription), supplemental insurance, dental, vision, life and AD&D insurance, short- and long-term disability, flexible spending accounts, retirement plans, tuition assistance, as well as voluntary benefits, which provide colleagues with access to group rates on insurance and discounts. Colleagues have access to tuition discounts at Thomas Jefferson University after one year of full time service or two years of part time service. All colleagues, including those who work less than part-time (including per diem colleagues, adjunct faculty, and Jeff Temps), have access to medical (including prescription) insurance.

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