Mount Sinai Health System · 1 day ago

Senior Financial Analyst-Commercialization

United States

Full-time

Remote

Senior Level

$78K/yr - $132K/yr

5+ years exp

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Responsibilities

Monitors monthly budget, fund and or/general ledgers for the department or business unit within the School or Hospital; provides variance analysis.

Analyzes the revenue cycle and revenue stream for the business unit and assists in developing feasibility and profitability analysis and/or business plans for new and existing programs, including new faculty recruitment and revenue capture.

Communicates with accounting staff to obtain variance explanations, to alert them to wire transfers and to ensure that revenue and expenses are captured properly.

Prepares regular and ad hoc reports and participates in follow-up discussions with business unit leadership.

May ensure that grants, clinical trials and other revenue and expense driven projects and streams are properly monitored, credited and reports are prepared.

Prepare and submit purchase orders, contracts, change orders, invoices, check requests, petty cash vouchers, travel requests and travel vouchers, fund transfers and HRTS transactions as necessary.

Recommend and implement approved changes for efficiencies, documenting those procedures.

May mentor, train or oversee more junior staff.

May input and review faculty/staff payroll and maintain appropriate records.

May review Time and Effort reports for faculty and staff, prepare accruals and recharges for upload monthly general ledger updates.

Liaison to external medical organizations such as UHC, AAMC, MGMA for faculty productivity benchmarking

Develop financial reports and distribute to Dept. Chair, Chiefs and administrators with aim to improve inefficiency and profitability, Accountable for those metrics

Performs other related duties

Qualification

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AccountingFinanceVariance analysisBudget monitoringFinancial reportingPolicy developmentProcess improvementFeasibility analysisProfitability analysisGrant managementRevenue cycle analysisBusiness planningPurchasingPayroll managementEffort reportingStaff mentorship