Sr Financial Analyst - Healthcare

Job details

  • Full-time

  • Shift and Schedule

  • 8 hour shift

Qualifications

  • Master's (Required)

Benefits

  • 401(k) matching

  • Dental insurance

  • Health insurance

  • Life insurance

  • Paid time off

  • Tuition reimbursement

  • Vision insurance

Full Job Description

Montebello, CA

Job Description

This position will analyze financial and health information to develop insights that support business decision making related to healthcare revenue, cost, and clinical outcomes by mining, extracting, and utilizing appropriate data from the data warehouse, data marts/cubes, and various internal source systems on a regular and ad-hoc basis specifically within the healthcare industry. The position will prepare and complete all aspects of healthcare reporting including, but not limited to, auditing patient fee revenue; managed care revenue and other revenues; designing revenue and expense models by various health care product lines; preparing annual budgets and attending stakeholder meetings; and identifying revenue capture and expense reduction opportunities. Additionally, this position will compile financial analysis and other reporting on a recurring and/or as needed basis relevant to healthcare, utilization, and financial management for the corporation.

This position performs technical analysis to determine present and future financial performance. Gathers, analyzes, summarizes, and prepares the yearly prospective payment system reconciliation. Regularly contributes to the development of new financial analysis concepts, techniques, and standards. Additional responsibilities include gathering data, its subsequent interpretation and providing recommendations to leadership affecting the financial viability of the organization.

Qualifications

  • Bachelor’s degree in in accounting, finance or business-related area or equivalent experience in lieu of a degree. MBA degree preferred.

  • 5-8 years’ experience in financial analysis and databased reporting with increasing responsibilities.

  • Experience in Health care and Managed Care industry required.

Responsibilities

  • Perform Monthly financial analysis

  • Performs monthly and annual prospective payment reconciliation

  • Maintains schedules, worksheets and other documentation to support assigned journal entries included in financial

  • Independently prepares complex financial analysis to support business decisions creating statistical reports and

  • Complete the budget in collaboration with different levels of management

  • Responsible for complex multi-faceted project and analysis across disciplines and functional areas

  • Collaborates with and coordinates all components of the organization to ensure consistent reporting and adherence to federal and state financial reporting regulations and guidelines, and conformity with fiscal policies.

  • Identify revenue capture opportunities by analyzing current process, utilizing data warehouse and other internal source data systems to automate the process for revenue opportunities and cost

  • Complete extensive and complex financial and operational analyses for healthcare business functions.

  • Work with management to understand business needs. Interpret the business needs into business rules and data elements. Document and assemble requirements to generate reports, charts, scorecards, dashboard, forecast to

  • Develop and track business key performance

  • Produce deep dive analysis to facilitate understanding of medical cost levels and trends and facilitate strategy

  • Audit and analyze all third-party payments and other related revenues to ensure the rates/payments are in accordance with established

  • Annually research and analyze historical revenue and cost data to project budget for the next fiscal

  • Produce monthly financial statements by business function and compare it to the

  • Generate monthly cost analysis to identify high-cost areas. Provide trend analysis and solutions to cost

  • Conduct financial and clinical analysis related to all aspects of corporate business

  • Develop ad-hoc and ongoing reports as necessary to support business unit needs. Perform special analysis on utilization and/or cost

  • Prepares and analyzes consolidated reporting at all levels of the organization on actuals, forecasts, and prior fiscal year

  • Responsible for developing financial modeling, financial statement analysis, decision modeling, reporting and ad-hoc analysis to support strategic initiatives

  • Support, analyze, and assist in the preparation and review of the company’s annual operating budget including:

  • Detailed support and analysis of the company’s revenue forecast and departmental budgets

  • Detailed support and analysis of balance sheet forecasts and the associated cash flow forecasts

  • Development of presentations to help summarize budget results in a comprehensive and easy-to-understand format

  • Assists in the continued development of budgeting, financial forecasting, operating plan and modeling tools

Job Type: Full-time

Pay: $96,389.00 - $102,097.00 per year

Benefits:

  • 401(k)

  • 401(k) matching

  • Dental insurance

  • Health insurance

  • Life insurance

  • Paid time off

  • Tuition reimbursement

  • Vision insurance

Schedule:

  • 8 hour shift

COVID-19 considerations:
Candidates must be fully vaccinated

Education:

  • Master's (Required)

Experience:

  • Financial Analysis: 8 years (Required)

  • Database Mining and Reporting: 8 years (Required)

  • Healthcare and Managed Care Industry: 5 years (Required)

  • SQL and EZCap: 3 years (Required)

Work Location: One location

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