Financial Analyst

Job Summary The Senior Financial Analyst provides advanced financial planning, analysis, and decision-support services to the Department of Pathology leadership. This role is responsible for developing financial models, preparing complex analyses, managing budgeting activities, monitoring financial performance, and supporting strategic initiatives. The position requires strong analytical capabilities, sound judgment, and the ability to work independently in a fast-paced environment while collaborating effectively with leadership and stakeholders across Michigan Medicine including the AMC and Ambulatory Care. Responsibilities Perform complex financial analyses, including profit and loss assessments, lease-versus-buy evaluations, working capital analyses, return-on-investment (ROI) calculations, and financial and operational performance comparisons. Develop, analyze, and present financial reports, dashboards, graphs, and charts utilizing data from cost accounting systems, general ledgers, billing systems, and other financial databases. Lead the preparation of annual complex budget templates and partner closely with the Finance Director throughout the budgeting process, including collaboration with departmental finance teams and preparation of budget presentations and materials for senior AMC and Ambulatory Care leadership. Work with departmental leadership to review and explain budget variances, identify financial trends, and provide guidance on appropriate budgeting practices, fund management, and shortcode utilization. Support the annual Internal Controls Certification process, including coordination, documentation updates, and compliance monitoring. Develop and maintain sophisticated financial models, reporting tools, and data visualizations to support operational and strategic initiatives. Prepare and maintain Memorandums of Understanding (MOUs) to document, monitor, and track institutional financial commitments. Conduct special financial studies, business cases, and operational analyses to support strategic planning and informed decision-making. Assist in the development, implementation, and continuous improvement of financial policies, procedures, and internal controls. Partner with cross-functional teams to develop financial forecasts, statistical analyses, and performance metrics that support departmental objectives. Stay current on emerging trends, best practices, and regulatory requirements in financial planning, budgeting, reporting, and control. Apply advanced knowledge of financial management principles, practices, and procedures to independently resolve complex business and financial issues. Exercise sound judgment and make recommendations that significantly impact departmental and Michigan Medicine operations, financial performance, and resource allocation. Work with minimal supervision while managing multiple priorities, utilizing creativity, initiative, and problem-solving skills to address complex challenges. Required Qualifications Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field. Minimum of Five (5) years of progressive professional experience in financial analysis, budgeting, forecasting, or financial management. Demonstrated experience supporting complex budgeting processes and providing financial guidance to management. Required Knowledge, Skills, And Abilities Strong analytical, quantitative, and problem-solving skills with the ability to interpret complex financial data and translate findings into actionable recommendations. Excellent verbal, written, and interpersonal communication skills, with the ability to effectively present financial information to a variety of audiences. Proven ability to work independently and manage competing priorities in a fast-paced, deadline-driven environment. Advanced proficiency in financial reporting, modeling, forecasting, and data analysis tools. Significant knowledge of University and Health System financial systems, policies, and procedures. Strong attention to detail, organizational skills, and commitment to accuracy. Demonstrated ability to collaborate effectively with leadership, finance teams, and cross-functional stakeholders. Desired Qualifications Experience in academic healthcare, higher education, or complex matrixed organizations. Experience with financial planning systems, business intelligence tools, and advanced data visualization platforms. Advanced data analytics experience is desirable. Why Join Michigan Medicine? Michigan Medicine is one of the largest health care complexes in the world and has been the site of many groundbreaking medical and technological advancements since the opening of the U-M Medical School in 1850. Michigan Medicine is comprised of over 30,000 employees and our vision is to attract, inspire, and develop outstanding people in medicine, sciences, and healthcare to become one of the world's most distinguished academic health systems. In some way, great or small, every person here helps to advance this world-class institution. Work at Michigan Medicine and become a victor for the greater good. What Benefits can you Look Forward to? Excellent medical, dental and vision coverage effective on your very first day 2:1 Match on retirement savings Modes of Work Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes. Additional Information Level of Independence The Financial or Business Analyst Senior is expected to independently evaluate alternatives, develop recommendations, and make decisions within established guidelines. Work assignments are broad in scope and frequently require originality, initiative, and strategic thinking. The role's primary activities directly support and influence significant business and financial operations across the Department and Michigan Medicine. Background Screening Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses. Application Deadline Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled any time after the minimum posting period has ended. U-M EEO Statement The University of Michigan is an Equal Opportunity Employer. We are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants, including protected veterans and individuals with disabilities. #J-18808-Ljbffr