||REPORTS TO: Manager, Financial Planning & AnalysisPOSITION SUMMARY:The Senior Financial Analyst provides a range of services in the Financial Planning & Analysis department of the Home Office. This professional works in a team to offer Financial Planning services, including annual operating budget, capital planning and budgets, long range financial forecasts, and business plans. Collaborates with Home Office and Member staff to achieve superior financial analysis and reporting. The Senior Financial Analyst may be requested to support various committees or task forces to advance the interests of Northern Light Health.The Senior Financial Analyst will work closely with the Manager to support the needs of the Associate Vice President Finance & Analytics, Vice President of Finance, Chief Financial Officer and internal and external clients related to Northern Light Health.In this role, the Senior Financial Analyst must demonstrate and promote excellent customer service, responsiveness, oral and written communication, accurate and supported analysis, and project management skills. To be successful, the individual in this position must be:•an effective communicator and trainer providing support to all Northern Light Health Members to optimize utilization of the NLH budgeting and forecasting systems,
•provide timely input and analysis into the decision-making process during the development of the various financial plans,
•able to continually demonstrate a thorough understanding of financial operations and proficiency with the budgeting, forecasting, and capital planning tools,
•a role model in the delivery of services that are deemed to be superior in the eyes of the customers.MAJOR FUNCTIONS:Operating Budget
The Senior Financial Analyst will support the development of the operating budget, ongoing system maintenance and variance reporting. The Senior Financial Analyst may be directed to perform the following duties.
•Support the Manager in implementing the budget calendar and providing analysis used to develop annual budget targets.
•Serve as in-house expert, super-user and trainer on the operating budget system, understanding data links with Lawson/Infor and other systems, validation, budget development and variance reporting.
•Stay up to date with Financial Planning software structure and detailed data elements. Participates in software upgrade testing and documents results. Recommends options if issues arise. Assists with implementation and deployment of new software functionality.
•Support the completion of system wide budgets; educate Member staff organizations and assist with problem solving related to operating budget development.
•Complete the monthly processing tasks in a timely manner to ensure that the standard reports and dashboards from the financial decision support system are published within the expected timeframe.
•Assist with consolidating reports and intercompany account reconciliation.
•Accurately generate forecasts and analyze trends in revenues and expenses.
•Compile and maintain documentation to support projections.
•Proactively monitor internal trends to identify risks and opportunities across revenues and expenses.
•Collaborate with cross-functional teams in conjunction with budgeting and forecasting process.
•Monitor results of key strategic initiatives to ensure cost benefit projections are being achieved or plans are adjusted accordingly. Prepares monthly budget spread reports and analysis.
•Prepare monthly budget versus actual analyses based on determined criteria.
•Develop Operating Budget reports for Finance Committee and Board review.
•Perform other operating budget duties as assigned.Capital Budget
The Senior Financial Analyst will support the development of the capital budget, ongoing system maintenance, and materials needed for the decision-making process. The Senior Financial Analyst may be directed to perform the following duties.
•Provide analytical support to the Capital Review Committee which oversees capital allocations and approvals and post-implementation reviews. Prepare cost benefit analysis of capital projects.
•Assist with Capital Budget reports for Finance Committee and Board review.
•Compile and analyze capital budget expenditures.
•Develop capital budget limits and targets.
•Perform other capital budget duties as assigned.Financial Planning Services
The Senior Financial Analyst will support the development of the long-range financial forecast, ongoing system maintenance and related analyses. The Senior Financial Analyst may be directed to perform the following duties.
•Assist in the preparation of the long-range financial forecast.
•Monitor data for positive and negative business and financial trends and proactively alert Manager to potential problems and/or opportunities.
•Integrate new acquisitions, business ventures, and programs into the financial planning processes.
•Support operational performance improvement projects through validation of baseline measurements and targeted goals, measurement of actual results, and performance reporting.
•Develop and present analytical summaries, educational topics, etc., in a professional manner.
•Maintain system-wide policies and procedures related to financial planning.
•Stay current on upgrades and functionality enhancements and ensures that systems are compliant with Information Technology and Information Security Office policies and procedures.
•Provide information and assistance to other departments or leaders as needed.
•Perform other financial planning special projects and job duties as assigned.Department Participation
•Acts as an effective team member with Business Finance & Analytics staff.
•Develops professional development goals with Manager.
•Completes accurate time tracking information.
QUALIFICATIONSBachelor's degree in Accounting or related field and at least seven (7) years accounting, financial planning or related experience OR associate's degree and at least eleven (11) years accounting, financial planning or related experience required. Health care experience a plus.Possess excellent customer service, time management, and analytical skills. Written communication skills required as well as project organization. Must maintain institutional, customer and Financial Planning & Analysis department confidentiality. Ability to excel in teams and succeed in a matrix organization. Oral presentation skills a plus. Demonstrates initiative, a professional attitude and a desire toward self-improvement. A working knowledge of financial statement preparation and analysis required. Demonstrates knowledge of projection methodologies and relationships between goals and finances. Must possess analytical and problem-solving skills as well as the ability to coordinate the work of others and communicate effectively (both in writing and verbally) with all levels of management in a multi-corporate structure.Demonstrates proficiency in Microsoft Excel, Microsoft Word, Microsoft PowerPoint and Microsoft Access and willingness to keep current with new computer software/technology for the continuous improvement of financial planning processes. Experience with Strata, Allscripts EPSi and Lawson/Infor systems preferred.Demonstrates the ability to work in a fast-paced environment, prioritize multiple tasks, and meet deadlines with accuracy and attention to detail. Shows capacity to be flexible and competent as priorities change. Demonstrated effectiveness in succeeding in a team-oriented culture required.
ORGANIZATIONAL VALUESPassion: We demonstrate a passion for caring for others and the pursuit of service excellence in all that we do.
Integrity: We commit to the highest standards of behavior and doing the correct thing for the right reasons.
Partnership: Working together in collaboration and teamwork is more powerful than working alone.
Accountability: We take a responsible and disciplined approach to achieving our priorities and responding to an ever-changing environment.
Innovation: We are capable of extraordinary creativity and are willing to explore new ideas to achieve our healthcare mission.
Respect: We respect the dignity, worth and rights of others.
PHYSICAL DEMANDS•Sedentary: Exerting up to 10 lbs. occasionally, sitting most of the time, and only brief periods of standing and walking.
•Requires the ability to travel to member organizations as needed.Note: the duties listed above reflect the majority of the essential duties of this job and does not, nor is it intended to, reflect all essential duties that may be required for an incumbent in this job to perform.
Equal Opportunity Employment
We are an equal opportunity, affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, disability status, gender, sexual orientation, ancestry, protected veteran status, national origin, genetic information or any other legally protected status.