Senior Financial Analyst
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Job ID: 147411
Category: Accounting/Finance
Work Type: FT
Location: Lawrenceville, NJ, United States
Date Posted: Aug 18, 2022
Work Schedule: Full Time, Day Shift, 40 Hours Per Week
Description
Penn Medicine is dedicated to our tripartite mission of providing the highest level of care to patients, conducting innovative research, and educating future leaders in the field of medicine. Working for this leading academic medical center means collaboration with top clinical, technical and business professionals across all disciplines.Today at Penn Medicine, someone will make a breakthrough. Someone will heal a heart, deliver hopeful news, and give comfort and reassurance. Our employees shape our future each day. Are you living your life's work?
Summary:
Under general supervision, the Senior Financial Analyst serves as the principal finance liaison of assigned departments and business units, providing direct and proactive support with budget development, performance analyses, as well as operational and strategic financial analyses.
The Senior Financial Analyst ultimately reports to Penn Medicine Princeton Health Finance leadership, but has accountability to various operational leaders that can include, but are not limited to, managers, directors, department chairs, assistant vice presidents and vice presidents of operations.
The Senior Financial Analyst serves as finance leader, consultant, educator, and finance representative at meetings, project teams and committees. The Senior Financial Analysts may have complex assignments and must have the ability to provide guidance to other staff members.
Responsibilities:
Advanced understanding of accounting, including the unique accounting practices of health care organizations. Responsible for monthly close process including GAAP compliance journal entries, variance analysis and close meeting presentation independently. Analyze assigned general ledger accounts and update work papers monthly. Research questionable items, prepare analysis and propose journal entry adjustments for finance management’s review. Prepare and maintain cash reconciliation, gross charge reconciliation and bank reconciliation as required. Assist in the preparation of cost reports, 990, and statutory report and other annual audits as required.
Assisting assigned budget holders with creating operating expense budgets, as well as leading annual budget meetings with senior leadership to present proposed budgets and analysis.
Assembling managerial financial reports from multiple sources that are consistent with and reconcile to audited financial statements and officially released monthly financial statements.
Ability to communicate clearly with leadership and internal customers and understand incoming requests. Provide support to assigned Liaison Departments, including training on financial systems, analytical services, ad hoc reporting and other requests.
Ability to analyze data, draw meaningful conclusions and provide appropriate level of thoughtful recommendations to finance leadership, as well as other operational leaders.
Support assigned Liaison Departments with performance improvement goals by collaborating with other colleagues, within and outside the department, to develop means of enhancing efficiency and accuracy.
Ability to form constructive working relationships with various constituencies, customers, colleagues, and supervisors. Capacity to work in a highly matrixed organization.
Ability to manage multiple requests and projects concurrently. Skills in organizing multiple assignments and meeting deadlines.
Maintain standards of confidentiality. Participate in unit compliance as related to established standards.
Credentials:
Education or Equivalent Experience:
Bachelor's Degree - Required
Five to Eight years experience - Required
Experience with financial software applications Lawson and Hyperion. - Desired
An understanding of the nature of hospital operations. - Desired
Live Your Life's Work
We are an Equal Opportunity and Affirmative Action employer. Candidates are considered for employment without regard to race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, marital status, familial status, genetic information, domestic or sexual violence victim status, citizenship status, military status, status as a protected veteran or any other status protected by applicable law.
