Budget & Financial Analyst I

Role Description

This role focuses on performing a variety of financial activities, including accounting, financial analysis, audit, tax, and collections, while ensuring compliance with regulatory standards. In addition, this role focuses on performing the following Financial Planning & Analysis duties:

• Short and long-term financial planning and/or financial analysis of business operations for the purpose of measuring and forecasting future business performance.
• Analysis of internal financial information (e.g., profit loss accounts, financial statements, working capital, costs, prices, expenses, revenues, rates of return, etc.) and of external economic conditions and their impact on business operations (e.g., inflation, interest rates, exchange rates, etc.).
• Conducts financial modeling to measure and forecast potential impacts of financial transactions and corporate development activities.

A professional individual contributor role that may direct the work of other lower level professionals or manage processes and programs. The majority of time is spent overseeing the design, implementation or delivery of processes, programs and policies using specialized knowledge and skills typically acquired through advanced education. An entry level role that applies broad theoretical job knowledge typically obtained through advanced education. May require the following proficiency: work is closely supervised, problems faced are not typically difficult or complex, and explains facts, policies and practices related to job area.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related financial field.

Requirements

• Three (3) years of finance and budget experience (preferred).

Benefits

• Comprehensive Total Rewards package that supports your health, financial security, and career growth.
• Base pay ranges reflect the minimum qualifications for the role.
• Individual offers are determined using a comprehensive approach that considers relevant experience, certifications, education, skills, and internal equity.

Job Overview

This position helps manage spending to ensure that funds are allocated appropriately and used according to the organization’s annual finance projections. Creates and maintains budget records in accordance with company guidelines. Analyzes budget data and recommends strategic funding for various initiatives. Also evaluates program effectiveness to determine if redistribution of funds is required.

Duties and Responsibilities

• Assists in the preparation of annual operating budgets and transitions to a rolling forecast model.
• Maintains and oversees the budget and forecasting systems, ensuring data integrity, accuracy, and timely updates.
• Facilitates the preparation of capital budgets for business units and ensures alignment with financial strategies.
• Collaborates with department heads, senior management, and key stakeholders to develop organizational and departmental budgets using platforms like Strata OB.
• Reviews reports, proposals, and budgets for compliance and accuracy.
• Provides guidance on financial profitability analysis across various departments.
• Ensures departmental budget requests are merit-based and authentic.
• Creates monthly variance reporting.
• Prepares financial analyses for the Financial Leadership Team to support committee and board meetings.
• Assists in preparing monthly accounting and productivity monitoring for the hospitals.
• Prepares financial reports and provides proactive financial estimates and recommendations.
• Works with senior management, physician leaders, and department directors to assess and support capital budgeting and cash flow impacts.
• Assists in the annual capital budget process and in the development of strategies for efficient fund allocation.
• Ensures compliance with regulatory agency reports and third-party cost reports.
• Assists with filings and ad-hoc financial analyses or special projects as required.
• Reviews payroll reports, reconciles expenses, and assists departments with staffing cost management.
• Collects and reports contract labor data, ensuring accurate budgeting and staffing levels.
• Assists with the position control process, including submissions, approvals, and managing related communications.
• Assists with the maintenance of position control reports, including new requests and approvals.
• Collects and reports all data related to productivity for ActionOI.
• Works with consultants and other business partners to report the data quarterly.
• Assists in the preparation of the five-year financial plan that ties to the Corporate Strategic Plan.
• Works with DS team to ensure the integrity and accuracy of the Decision Support System (DSS).
• Provides accounting support as needed, including general ledger entries and reconciliations.
• Maintains and updates financial reports like balance sheets, income statements, and trial balances.
• Supports monthly actual-to-budget variance analysis with the Accounting department.

Physical Requirements

• Professional office environment with typical office requirements such as computers, phones, photocopiers, filing cabinets, etc.
• This is largely a sedentary role, which involves sitting most of the time, but may involve movements such as walking, standing, reaching, ascending/descending stairs, and operating office equipment.
• Frequently required to speak, hear, communicate, and exchange information.
• Ability to see and read computer displays, read fine print, and/or normal type size print and distinguish letters, numbers, and symbols.
• Occasionally lift and/or move up to 25 pounds.
• Requires manual dexterity using fine hand manipulation to operate computer keyboard.

Skills & Abilities

• Analytical skills needed for analyzing and reconciling accounts.
• Interpersonal skills needed for interacting effectively with managers, banks, and staff.
• Effective organizational and interpersonal skills.
• Ability to manage multiple tasks and delivery dates.
• Ability to communicate effectively, exhibit judgment, and deal constructively with staff and department managers.
• Strong teamwork skills.
• Ability to work in a complex, fluid environment and to work independently.
• Proven track record of working with key stakeholders to determine and track budgets.
• Strong analytical and communication skills.

Pay Range

$66,397.24 - $82,991.27