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Frederick Health · 3 weeks ago

Financial Budget Analyst - Full-time with Benefits

Frederick, MD

Full-time

Onsite

Mid Level

$81K/yr - $119K/yr

4+ years exp

Frederick Health is dedicated to providing quality healthcare services, and they are seeking a Financial Budget Analyst to conduct complex financial assessments and modeling. The role involves creating budgets, advising business leaders on financial management, and improving financial performance through analysis and strategic planning.

Clinical TrialsHealth CareHospitalWellness

Responsibilities

Completes work assignments and supports business-specific projects by applying expertise in subject area; supporting the development of work plans to meet business priorities and deadlines; ensuring team follows all procedures and policies; coordinating resources to accomplish priorities and deadlines; collaborating cross-functionally to make effective business decisions; solving complex problems; escalating high priority issues or risks as appropriate; and recognizing and capitalizing on improvement opportunities

Creates budgets and/or forecasts in accordance with business strategic initiatives by analyzing and interpreting budgeting trends; reviewing results of budget and forecasting; coordinating with others to develop department budgets; and making recommendations

Advises business unit leaders by reviewing regular and special reports for both financial and statistical matters in order to facilitate financial management throughout the organization; participating in regular meetings with leadership to review financial results for their areas; and acting as an internal consultant to the team on reading and interpreting financial results, analyzing variances, and improving performance

Conducts financial modeling by developing best-practice and complex models; analyzing and optimizing risk alternatives; and developing, reviewing, and recommending what-if scenarios and forecasts using in-house models or software

Completes costing activities by identifying and suggesting cost avoidance and cost recovery opportunities

Improves financial performance by analyzing financial trends; and in partnership with the business leaders, uses results of analysis and understanding of operations to identify actions that address operational performance issues

Informs strategic financial planning by performing and evaluating complex financial, utilization, and benchmark analytics

Evaluates complex business environment by conducting financial assessments (e.g., Situational, Strengths/Weaknesses/Opportunities/Threats, Opportunity-Based Strategic Planning, system value chain analysis and revenue cycle); and interpreting reports summarizing business, financial, or economic data

Performs other duties as assigned

Qualification

Financial reportingFinancial modelingExcelHealthcare financeAnalytical skillsCommunication skillsOrganizational skills

Required

High proficiency in the interpretation of financial reporting and highly skilled with financial reporting software systems, spreadsheets, and graphics

Prefer advanced skills in Excel, Access, PowerPoint and Power BI

Strong analytical, conceptual and synthesizing skills

Exhibits attention to detail and ensures accuracy of one's work

Excellent verbal and written communication skills

Ability to interact with a wide range of disciplines at multiple levels

Broad understanding of acute and ambulatory healthcare operations and physician practices

Strong organizational and time management skills

Ability to prioritize and manage multiple competing projects and assignments with minimal supervision

Always models standards of behavior, policies and procedures in accordance with the mission, vision and values of FH

Bachelor's degree in accounting, business, or related field

A minimum of 4-5 years of experience in healthcare finance, IT, or data analytics required

Benefits

Health, Dental and Vision insurance are offered the 1st of the month after 30 days of employment to all employees hired to work at least 20 hours per week and offer multiple plans to best meet you and your family needs.

Life insurance

Short-Term Income Replacement

Long-Term Disability are employer paid for eligible employees.

Frederick Health offers a robust Paid Time Off program for eligible employees.

Our 403B retirement plan helps you save for your retirement and includes an employer match to eligible employees.

All employees have access to free financial planning sessions.

We also offer an educational assistance program to support your education goals as well as an employer paid Employee Assistance Program.