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Financial Analyst I- Onsite

Job Description - Financial Analyst I- Onsite

Description
Job Summary

The Financial Analyst I is responsible for analyzing financial data, preparing reports, and assisting with budgeting and forecasting processes to support decision-making within the facility. This role involves gathering and interpreting financial information, monitoring trends, and ensuring financial data integrity. The Financial Analyst I collaborates with leadership and department managers to provide insights into financial performance, cost control, and operational efficiency.

Essential Functions
  • Analyzes financial data and trends to support budgeting, forecasting, and financial planning activities.

  • Prepares financial reports and presentations, summarizing key findings and providing recommendations for decision-making.

  • Assists in developing annual budgets and financial forecasts, ensuring accuracy and alignment with organizational goals.

  • Monitors financial performance metrics, identifying variances and working with departments to address discrepancies.

  • Supports month-end and year-end financial closing activities, including journal entries, reconciliations, and variance analysis.

  • Conducts cost analysis and expense monitoring, assisting in identifying cost-saving opportunities.

  • Collaborates with various departments to gather financial data and ensure accurate reporting.

  • Ensures compliance with financial policies, procedures, and regulatory requirements.

  • Utilizes financial software and systems to maintain accurate and organized financial records.
  • Performs other duties as assigned.

  • Maintains regular and reliable attendance.

  • Complies with all policies and standards.
Qualifications
  • Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or a related field required or

  • Four (4) plus years of direct experience in lieu of a Bachelor's degree required
  • 0-2 years of experience in financial analysis, accounting, budgeting, or a related field required

  • Experience in healthcare finance, hospital financial operations, or revenue cycle analysis preferred
Knowledge, Skills and Abilities
  • Strong analytical and problem-solving skills, with the ability to interpret financial data and provide actionable insights.

  • Proficiency in financial modeling, data analysis, and forecasting techniques.

  • Knowledge of financial statements, budgeting principles, and variance analysis.

  • Experience with financial software, spreadsheets, databases, and enterprise resource planning (ERP) systems (e.g., Oracle).

  • Strong communication and presentation skills, effectively conveying financial data to non-financial stakeholders.

  • Attention to detail and ability to manage multiple tasks in a fast-paced environment.

  • Knowledge of healthcare financial regulations, reimbursement models, and cost accounting principles (preferred).
Licenses and Certifications
  • Certified Healthcare Financial Professional (CHFP) preferred or

  • Certified Public Accountant (CPA) preferred or

  • Certified Management Accountant (CMA) preferred



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