Financial Analyst Senior

Number of Job Openings Available:

1

Date Posted:

May 13, 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 remote with quarterly in-person requirements

• Healthcare experience preferred

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