Senior Financial Analyst-Assoc in Internal Medicine - Mount Sinai Hospital

Description The Senior Financial Analyst is responsible for the evaluation of current and future operational and financial practices, development of new systems and/or processes, developing policies and procedures to achieve desired financial and operational goals in a business unit, such as an institute, department or division. 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. Ensures that grants, clinical trials and other revenue and expense driven projects and streams are properly monitored, credited and reports are prepared. Prepares and submits purchase orders, contracts, change orders, invoices, check requests, petty cash vouchers, travel requests and travel vouchers, fund transfers and HRTS transactions as necessary. Recommends and implements approved changes for efficiencies, documenting those procedures. Mentors, trains or oversees more junior staff. Inputs and reviews faculty/staff payroll and maintains appropriate records. Reviews Time and Effort reports for faculty and staff, prepares accruals and recharges for upload monthly general ledger updates. Liaises to external medical organizations such as UHC, AAMC, MGMA for faculty productivity benchmarking. Develops financial reports and distributes to Dept. Chair, Chiefs and administrators with aim to improve inefficiency and profitability, accountable for those metrics. Performs other related duties. Qualifications Bachelor's degree in Accounting or an equivalent combination of education and experience. 5+ years of experience in Finance or a related field. Compensation The Mount Sinai Health System (MSHS) provides salary ranges that comply with the New York City Law on Salary Transparency in Job Advertisements. The salary range for the role is $64,256.72 - $155,999.97 Annually. Actual salaries depend on a variety of factors, including experience, education, and operational need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits. Equal Opportunity Employer The Mount Sinai Health System is an equal opportunity employer, complying with all applicable federal civil rights laws. We do not discriminate, exclude, or treat individuals differently based on race, color, national origin, age, religion, disability, sex, sexual orientation, gender, veteran status, or any other characteristic protected by law. We are deeply committed to fostering an environment where all faculty, staff, students, trainees, patients, visitors, and the communities we serve feel respected and supported. Our goal is to create a healthcare and learning institution that actively works to remove barriers, address challenges, and promote fairness in all aspects of our organization. #J-18808-Ljbffr Mount Sinai Medical Center