Financial Analyst Senior

Number of Job Openings Available:1

Date Posted:May 09, 2024

Department:16001131 System Office Finance Allina Health Group

Shift:Day (United States of America)

Shift Length:8 hour shift

Hours Per Week:40

Union Contract:Non-Union

Weekend Rotation: None

Job Summary:Understand Allina capital policies & process

Support the development of business plans for capital/program expansion

Support business planning for acquisitions, joint ventures & provider service arrangements.

Participate in strategic business planning & develop supporting financial models.

Validation & understanding of volume projections & related market data

Determination of reimbursement & net revenue assumptions

Calculation & understanding of Provider compensation & labor expense

Incorporate real estate & construction costs

Work with costing systems to understand overall contribution margin

Review & contribute financials components to business plan narratives

Understand & complete necessary financial models

Communicate, explain & present financial results to stakeholders

Development & support of the Long-Range Financial plan

Financial Support of Clinical Service Lines

Key Position Details:

***Position is mainly remote with quarterly in-person requirements***

No weekends

8-hour day shift

Benefit eligible

Job Description:

Supports financial analytics and works as a business partner with operational leadership. Collaborates with leaders on their finance priorities such as budgeting, forecasting, business initiatives, and ongoing performance management.

Principle Responsibilities

Enhances financial acumen of business operators by effectively communicating complex topics and providing ongoing education and training.

Develops and leads the budget process including volumes, revenue, staffing and expense development for areas assigned.

Analyzes target vs. actual variances on a monthly basis and partner with leadership to recommend improvement plans.

Makes recommendations for monthly expense accruals.

Understands and communicates financial trends to support forecasting, budget and monthly variance analysis.

Uses analytical tools to identify opportunities for improvement and communication recommendations to leaders.

Understands revenue cycle trends/changes and partner with internal subject matter experts.

Supports complex ad hoc analysis including staffing changes, new services or technology, new providers, drug and supply expense management.

Works as a financial liaison to JV and PSA arrangements including budget, monthly financial analytics and ad hoc analysis.

Partners with leadership on the development of business plans for capital and program expansion

Collaborates with vendors and other business partners to design technology applications to model forecasting, cost accounting, productivity, and more.

Other duties as assigned.

Required Qualifications

Bachelor's degree in business, finance or related field

Preferred Qualifications

Master's degree

5 to 7 years of experience in finance, accounting or finance related field required in a health care setting

Physical Demands

Sedentary:

Lifting weight Up to 10 lbs. occasionally, negligible weight frequently

R-0054586