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Advocate Aurora Health · 1 month ago

Senior Financial Analyst - Advocate Aurora Health Clinical Engineering Remote

United States

Full-time

Remote

Senior Level

$40.30/hr - $60.45/hr

5+ years exp

Advocate Aurora Health is a leading nonprofit integrated health system in the United States, and they are seeking a Senior Financial Analyst to support strategic business decisions through detailed financial modeling and analysis. The role involves developing financial assessments of acquisition targets, preparing reports on performance, and collaborating with various departments to enhance revenue and manage costs.

Health Care

Responsibilities

Develop detailed financial models to assist management in making strategic business decisions. Present information in a clear and concise manner

Calculate key investment metrics including the Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period

Develop financial models with the ability to run various scenario analysis dependent on key variable to gauge risk as well as the overall sensativity of key assumptions

Calculate key financial and operating ratios the developed financial models. Understand their impact on Advocate operations

Monitor performance compared to projections. Prepare reports for sites and Senior Management relative to actual performance versus projections. Explain variances and key drivers of change

Develop PowerPoint presentations that clearly present complex financial information in a user friendly format for 'non-financial' audiences

Analyze internal and external financial statements and understand key drivers of financial performance and operational metrics

Develop and prepare reports analyzing performance and identifying opportunities for revenue enhancement and/or cost management

Work closely with other Advocate departments including Business Development, Financial Decision Support, Budgeting to collect key data. Work closely with sites to gather and understand key data

Develop financial models that include volume, revenue and expense components that build comprehensive financial statements including the Income Statement, Balance Sheet, and Statement of Cash Flow

Develop financial assessments of potential acquisition targets (hospitals and physicians practices) as well as competitor profiles

Assist in the development of financial assessments of acquisition targets including their historical financial performance and key operating metrics (e.g., admissions, LOS, market share, etc.)

Assist in the development of consolidated operating statements that show the impact of merging a new entity into Advocate. These statement will include the combined financial statements and key financial ratios. Identify and present the impact of the consolidated financial ratios on Advocate's bond rating

Work closely with Business Development and Financial Decision Support in gathering information to prepare the financial assessments

Provide recommendations to leadership within Finance regarding strategic decisions that impact Advocate Health Care, including hospital operations and ambulatory development (including physician employment / acquisitions)

Serve as the System finance resource for System-wide and/or site specfic projects

Demonstrate the ability to interact with Senior Management at Advocate facilities --- representing the System's goals and financial alignment

Sit on various System-wide committees as the System financial representative. Serve as the 'financial voice' regarding recommendations and implications of various decisions

Serve as a resource to the System-wide Monthly Operating Reveiw. Attend select meetings and follow-up on key initiatives

Serve as a resource to Advocate in System-wide cost margin management effort in quantifying financial impact of both revenue and expense management initiatives

Work closely with the Supply Chain and Clinical Effectiveness departments. Serve as a financial resource in the documentation of savings

Assist Management in the development of mid-year forecasts and budget preparations. Assist Budgeting department in the development of key assumptions and the review of submitted budgets

Serve as a resouce to the Capital process. Assist in the design and development of the annual Capital model. Review Capital submissions. Meet with sites to review Capital submissions

Work closely with other departments in the development of key assumptions for the Budget and Capital model (e.g., inflation, merit increases, volume, etc.)

Qualification

Financial modelingInvestment metricsMicrosoft ExcelHealthcare experienceFinancial pro forma developmentPresentation skillsAttention to detailWriting skills

Required

BA in business or BS in finance or related field (e.g., accounting, economics, etc.)

3 years of finance / business management experience

2 years of health care experience --- in a provider setter or health care consulting (note: degree in public health or masters in health administration would count towards health care experience)

Experience in the application of financial metrics (e.g., NPV, IRR and Payback Period)

Strong Microsoft Office skills (Excel, PowerPoint, Word)

Strong writing skills

Strong financial pro forma development skills

Attention to detail

Good presentation skills

Ability to work under time pressures and meet deadlines with overtime as needed

Ability to communicate effectively

Ability to work independently

Ability to learn and pick up on new concepts quickly

Ability to work as part of a team

Ability to travel to/from Advocate sites