Financial Analyst
Resume:
Neal Wallen
Flanders, NJ *****
Home: 973-***-**** **********@*****.*** Cell: 973-***-****
SUMMARY
Results oriented finance professional / MBA with extensive experience in providing financial analysis and budgetary guidance for the health care industry. Expertise in developing and implementing creative solutions and systems to improve internal processes and controls. Outstanding analytical skills with attention to detail. Known for providing excellent service to internal and external customers.
AREAS OF EXPERTISE:
Budget Development and Management Clinical Trial Negotiations
Process Improvement Forecasting, Reporting & Analysis
Internal Financial Controls Expense Analysis
Financial and Strategic Planning Grant Management
PROFESSIONAL EXPERIENCE
SAINT PETER’S UNIVERSITY HOSPITAL, New Brunswick, NJ 2011 – Present
Responsible for monitoring and budgeting revenue functions of hospital, Research and nursing home.
Senior Financial Analyst, Budget and Reimbursement Department
Prepared and analyzed the hospitals revenue, statistics, and salary budget of $444 million.
Responsible for monitoring third party passthrough payments.
Prepare the hospitals monthly flash revenue report.
Prepares the Medicare cost, share report, Tricare, and physician time studies wage index.
Financial liaison for research areas of hospital and Rutgers University
Prepared and negotiated clinical research budgets and grants with Pharmaceutical sponsors.
Increased revenue of the Office of Grants and Research with superior budgeting and negotiation.
Implemented coverage analysis procedure for all new clinical trials.
Organized and prepared the month end financial board package that goes out to senior management.
Provides the hospitals nursing home budget and monthly financial package to senior management.
Assisted and prepared documents for the A-133 Audit
Entered and Analyzed General Ledger monthly journal entries.
Accomplishments:
Revamped Month end Financial Reports that are sent out to senior management.
Established relationship with Research Dept. and oversaw financial reporting and budgeting of the Grants and Clinical Trials.
Implemented and rolled out the Kaufman Hall Budgeting System
NOVARTIS ONCOLOGY, Florham Park, NJ 2010 – 2010
Contract employee brought in to assist Oncology Enrollment Optimization with new and existing clinical trials to identify potential for budgetary savings and increasing productivity.
Project Specialist, Global Monitoring Operations
Worked with seven program managers to provide clinical trial global enrollment output scenarios.
Prepared monthly clinical trial activity status update reports.
Provided budget recruitment forecasts and plan material for oncology enrollment global head.
Tracked feasibility status results for clinical trial participation.
ATLANTIC HEALTH SYSTEM, Morristown, NJ 1996 – 2009
Senior Financial Analyst, Grants and Research Department 2004 – 2009
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Managed the finance functions of the organization including budgeting, contracting, tracking and disbursements of all clinical trials and Grants. Superior knowledge of OMB Circulars and IRB.
Managed and maintained financial control of over 135 research clinical trials and grants annually from trial set up to close out with a portfolio value of over $13 million. The clinical trial portfolio consisted of phase 1 through phase 4 (over 50 a year) and included cardiac, neuroscience, oncology, pediatric, internal medicine, OB-GYN, NIH and investigator initiated trials.
Created and implemented systems that tracked and monitored all check receipts, invoicing, enrollment, check requests and deposits for research related activities.
Made journal entry disbursements on the clinical trials which resulted in departments getting credit for work done on the trial.
Accomplishments:
Increased revenue over 125% by negotiating favorable financial contract terms for the institution.
Created a more open and transparent atmosphere for research finance activities by working closely and developing effective relationships with the principal investigators and research staff on all financial matters.
Won numerous awards including recognition for customer service and supporting managers with budgeting efforts.
Delivered an oral presentation at the annual meeting of the Society of Research Administrators – “Intro to Finance for the Research Administrator.”
Developed and implemented intricate internal clinical trial budgets using the study protocol, CPT’s, Medicare Reimbursement and contributions from the research team. The result was a more detailed clinical trial budget which tracked all procedures and milestones of the trial and provided for a much easier disbursement of trial funds.
Senior Financial Analyst, Budget and Reimbursement Department 1996 – 2004
Managed the Morristown Memorial Hospital budget of $360 million which included salaries, operating expenses and grants. Morristown Memorial Hospital was the largest hospital in a 4-hospital system.
Created the budget package used by Atlantic Health after the merger of 3 hospitals.
Administered and tracked ‘position control’ in People Soft for over 3,500 positions.
Produced an effective operating expense budget based on a zero based budget using prior and projected expenses resulting in managers being more accountable for their submitted budget.
Supervised the grants within Atlantic Health and the A-133 audit.
Provided recommendations to senior management for budget purposes.
Maintained and reconciled the budget in the general ledger for all reclassifications, transfers and new programs.
Researched the monthly financial variance analysis and monthly financial budget reports.
Accomplishments:
Conducted and taught annual budget training programs which resulted in a significant decrease in mistakes in budget submissions.
Developed a detailed salary budget which accounted for the 4,800 employees and included the budgeted hourly rate, shift differentials, weekends and holidays.
Designed a staffing pattern for the bedded nursing units which helped the managers staff their departments more efficiently.
Introduced a grants form for the budget package enabling the departments to receive credit for the grants and any other non-operating revenue.
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HACKENSACK UNIVERSITY MEDICAL CENTER, Hackensack, NJ 1989 – 1996
Budget Analyst, Budget and Reimbursement Department
Prepared and analyzed over 300 departmental budgets for salaries, FTE’s, new programs, volume additions, annualizations and other operating revenue.
Assisted in preparing the Medicare cost report.
Tracked departmental revenue budget statistics.
Maintained the general ledger system for budget purposes.
EDUCATION
MBA, Finance Concentration, William Paterson University, Wayne NJ
BS, Economics (Finance Concentration), Fairleigh Dickinson University, Madison, NJ
COMPUTER SKILLS
Proficient in the use of Microsoft Excel, Microsoft Word, Microsoft PowerPoint, Microsoft Outlook, Lawson General Ledger, Kaufman Hall Budgeting, HBO Trendstar, PeopleSoft PeopleTools, ClinAdmin, Quest Vista Plus,
Knowledge of Lawson GL, HBI, SMS General Ledger and Pathways Financial Management
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