Position Summary
Working as the Business Operations Financial Analyst you will collect, track, analyze, and reports key strategic and operational data that enables the Clinical Leadership Team to meet their regulatory, workforce, financial and operational goals. Serves as a resource for all levels of the Clinical Operations Divisions related to Comparative Analytics, productivity and workforce analytics and management. Assists with the financial accounting functions of the Clinical Operations Divisions inclusive of financial monitoring, external reporting, and revenue capture. Works collaboratively with other financial analyst sources within the organization to pull data for Clinical Operations’ needs. Utilizes their analytical abilities to make a meaningful impact on patient care. Embodies the Memorial Health System Performance Excellence Standards of Safety, Courtesy, Quality, and Efficiency that support our mission, vision and values.
**This role sits 100% onsite in Springfield Illinois**
Highlights & Benefits
- Paid Time Off (PTO)
- Memorial Childcare
- Mental Health Services
- Growth Opportunities
- Continuing Education
- Local and National Discounts
- Pet Insurance
- Medical, Dental, Vision
- Flexible Spending Account
- 401(k)
- Life Insurance and Voluntary Benefits
- Employee Assistance Program and Colleague Wellness
- Adoption Assistance
Required Skills
- Provides ongoing workforce management-related expertise and support to the Clinical Operations Division.
- Performs analytical review of data and provides information and recommendations to leadership.
- Monitors financial performance and reviews division’s charges for accuracy and opportunities for revenue growth and expense reduction.
- Compiles, reviews and submits quality, regulatory and workforce data to external entities: Comparative Analytics , etc.
- Embodies the Memorial Health System Performance Excellence Standards of Safety, Courtesy, Quality, and Efficiency that support our mission, vision and values:
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- SAFETY: Prevent Harm – I put safety first in everything I do. I take action to ensure the safety of others.
- COURTESY: Serve Others – I treat others with dignity and respect. I project a professional image and positive attitude.
- QUALITY: Improve Outcomes – I continually advance my knowledge, skills and performance. I work with others to achieve superior results.
- EFFICIENCY: Reduce Waste – I use time and resources wisely. I prevent defects and delays.
- Researches and analyzes external benchmarking data to ensure the division is appropriately utilizing its resources.
- Provides analytical support to Clinical Operations Leadership including operational analysis, financial analysis, assistance with business plans, ROI, etc.
- Assists with the development of the Clinical Operations Division’s financial budgets and helps monitor financial performance.
- Assists with the purchasing process for capital and expense items.
- Assists with revenue cycle initiatives to ensure the division is appropriately maximizing its revenue potential.
- Assists with the data analytic function of division’s process improvement initiatives such as data extractions, control charts, regression analysis, etc.
- Gathers, interprets, and uses complex data to develop actionable steps that will improve processes & optimize results.
- Actively supports and reflects the Mission, Vision and Values of MHS.
- Performs other related work as required or requested.
The intent of this job description is to provide a representative summary of the major duties and responsibilities performed by incumbents of this job. Incumbents may be requested to perform tasks other than those specifically presented in this description.
Required Experience
Education:
- Bachelor’s degree in accounting or finance required.
- Graduate degree is preferred.
Experience:
- Three or more years of experience in an analytical capacity is required.
- Three or more years of experience with general ledger data
- Previous experience with API within a healthcare setting is preferred.
- Previous experience with Lean Six Sigma process improvement methodology is preferred.
- Previous Infor/Lawson experience is preferred.
- Previous experience using Cerner Applications and contract management experience is preferred.
- Experience in prioritizing multiple projects concurrently preferred.
Other Knowledge/Skills/Abilities:
- Strong problem-solving skills with a keen drive to learn and improve processes.
- Must possess excellent analytical skills and the ability to compile data, analyze and develop recommendations as well as identify errors.
- Strong written and verbal communication skills required.
- Ability to manage time and workload of multiple projects/analysis effectively.
- Basic understanding of healthcare knowledge, such as use of coding data, basic medical terminology, and general stakeholder understanding.
- Must be detailed and quality oriented.
- Must demonstrate a high level of accuracy.
- Ability to work with multiple levels of the organization.
- Proficient in use of Microsoft Office products including Word, Excel, Outlook, and PowerPoint is required including Pivot tables, Vlookups, & other data analysis tools.
- Familiar with Tableau
- Ability to use generated financial data to make recommendations about how to best use company resources.
