Financial Analyst

GENERAL SUMMARY : Under guidance from the Manager of Finance, reports financial status by preparing and analyzing financial plans, forecasts, and reports. ESSENTIAL DUTIES AND RESPONSIBILITIES : To understand the business aspects of an operation and to achieve status as the business expert for the assigned areas of responsibility to include an understanding of an operation's/program's demand, market share, capacity, workload, utilization, standards, productivity, profitability, etc. In addition, to understand the value created when an operation/program consumes resources. To continuously, with Operations management, monitor and assess events occurring in the environment for their economic consequence; to interpret their economic impact upon the operation/program; and to collaborate with management in planning to optimize the position of the organization given these events. To coordinate and support management's process which develops the annual operating and capital budgets so that they are consistent with the organization's operating and clinical program plans; to ensure the disclosure of and to attest to the reasonableness of all assumptions; to support the derivation of complex calculations; and to formulate a recommendation to all levels of management on the efficiency of a proposed budget given current and historical performance and approved plans. To analyze actual performance; to compare it with established budgets, plans, and standards; to report and interpret the results for all levels of management; and to formulate recommendations for action and the prioritization of business matters. To facilitate timely communication between all levels of Operations management and the Finance function for: the business implications of all decisions and plans considered; decisions and plans made; status of all initiatives undergoing implementation; and the issues relating to business systems. To consult with all levels of management responsible for policy concerning business operations as it relates to the attainment of objectives, the effectiveness of policies, organization structure, processes, procedures, and resource consumption; and to develop information on comparable operations in other organizations as a basis for comparison with internal operations. To develop ideas for possible improvement initiatives; to collaborate with Operations and Finance management in developing plans for improved performance; to structure and analyze complex decisions (business plans, new programs, capital vs. operating, make vs. buy, quality costs, etc.) and business transactions; to formulate a recommendation for business decisions; to support the implementation of business initiatives; and to ensure the timely evaluation of all business decisions implemented. To educate and advise management on the principles of accounting, business, and financial management; to develop management's understanding of the organization's business policies and procedures; and to develop management's capability to utilize information made available in routine and special reports. To prepare work plans that support the completion of tasks. To structure, prepare, and interpret schedules, analyses, and reports for use in the decision-making process. To participate as a team member on assigned organizational teams and to contribute a perspective to the effort that considers the economic factors, issues, and opportunities. To perform all other duties as assigned. MINIMUM REQUIREMENTS: Skills and Abilities Required: Ability to work independently. Must be skilled at manipulating and analyzing large amounts of electronic data. Must be advanced in the use of Microsoft Access and Microsoft Excel. Forecasting and budgeting experience is a plus. Healthcare industry experience is a plus. Communication - Demonstrated ability to effectively communicate verbally and in writing to various audiences, particularly executive audiences. Minimum Education and Experience: A baccalaureate degree from an accredited college or university in Accounting, Business Management, Economics, Finance, or a related field is required. A minimum of two years of relevant professional experience. Knowledge of the principles of accounting, budget management, and financial analysis is required. Proficient mathematical and analytical skills are required. Demonstrated effectiveness in problem-solving is required. Effective oral and written communication skills including formulating recommendations and conducting presentations for management are required. Salary Range: Minimum $35.31 per hour - Maximum $58.26 per hour. Compensation will be commensurate with equity and experience for roles of similar scope and responsibility. JHM prioritizes the health and well-being of every employee. Come be healthy at Hopkins! Diversity and Inclusion are Johns Hopkins Medicine Core Values. We are committed to creating a welcoming and inclusive environment, where we embrace and celebrate our differences, where all employees feel valued, contribute to our mission of serving the community, and engage in equitable healthcare delivery and workforce practices. Johns Hopkins Health System and its affiliates are drug-free workplace employers. Johns Hopkins Health System and its affiliates are an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, age, national origin, mental or physical disability, genetic information, veteran status, or any other status protected by federal, state, or local law.

Created: 2024-11-05