Clinical Engineering Financial Analyst
Clinical Engineering Financial Analyst
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Salary Not Disclosed
1 Vacancy
Job Description
Primary Responsibilities
The following statements describe the general nature and level of work performed by individuals in this role. They are not an exhaustive list of all duties.
- Collect analyze and interpret financial data related to medical equipment acquisition maintenance and lifecycle management.
- Develop and maintain financial models using data from financial systems maintenance logs and vendor contracts.
- Conduct variance analysis to assess budget performance and identify key trends and cost drivers.
- Prepare monthly quarterly and annual financial reports highlighting insights on cost per procedure equipment utilization and maintenance expenditures.
- Maintain realtime financial dashboards to ensure financial insights are accessible to leadership and stakeholders.
- Lead the annual budgeting process for the Clinical Engineering Department in alignment with organizational goals.
- Develop comprehensive budget proposals including justifications for capital expenditures and operational costs.
- Collaborate with the Finance Department to integrate clinical engineering budgets into the broader organizational financial strategy.
- Utilize predictive analytics for dynamic financial forecasting that accounts for technological changes and operational shifts.
- Proactively identify financial risks and opportunities for continuous improvement.
- Monitor and adjust forecasts based on actual performance and emerging trends.
- Conduct detailed costbenefit analyses for medical equipment and technology investments.
- Identify opportunities to enhance cost efficiency without compromising patient safety or service quality.
- Assess total cost of ownership (TCO) for medical equipment including procurement maintenance downtime and lifespan.
- Recommend process improvements to increase financial efficiency and operational effectiveness.
- Implement costcontrol strategies such as preventative maintenance programs to extend equipment life and reduce repair costs.
- Review and analyze vendor contracts to ensure costeffective terms and quality service delivery.
- Collaborate with Procurement and Legal teams to negotiate favorable contract terms.
- Monitor vendor performance and contract compliance to ensure alignment with financial and service expectations.
- Provide financial insights during vendor evaluations and recommend contractual adjustments based on performance data.
- Partner with Clinical Engineering leadership Finance Procurement and other departments to align financial strategies with institutional priorities.
- Participate in crossfunctional initiatives aimed at improving operational efficiency and cost management.
- Provide financial training and guidance to Clinical Engineering staff to build departmental financial literacy.
- Effectively communicate financial data and strategies to nonfinancial stakeholders through reports and presentations.
- Perform other duties as assigned.
Qualifications :
Education & Experience Required
- Bachelors degree in Finance Accounting Healthcare Management Biomedical Engineering or a related field or an equivalent combination of education and experience.
- 5 years of experience in financial analysis budgeting and forecastingpreferably in a healthcare or clinical engineering environment.
- Proven track record of managing budgets conducting financial analyses and building financial models in complex organizations.
Education & Experience Preferred
Not applicable
Knowledge Skills & Abilities
- Familiarity with clinical engineering operations and medical equipment lifecycle management.
- Proficiency in financial software (e.g. INFOR SAP PeopleSoft).
- Expertise in financial modeling costbenefit analysis and return on investment (ROI) calculations.
- Working knowledge of healthcare financial regulations reimbursement models and compliance standards.
- Strong understanding of financial principles and the operational aspects of managing healthcare technology.
- Ability to present and explain complex financial data to support informed decisionmaking.
- Advanced skills in analysis planning organization and problemsolving.
- Strong ability to manage multiple initiatives and adapt to changing priorities.
- Excellent communication skills with the ability to clearly present findings and recommendations to all levels of the organization.
- Proven ability to work independently and collaboratively in a fastpaced dynamic environment.
- Strong attention to detail with the ability to validate and compare complex data.
- Advanced proficiency in Microsoft Office Suite particularly Excel Word and PowerPoint.
- Excellent verbal written and interpersonal communication skills.
Additional Information :
All your information will be kept confidential according to EEO guidelines.
Compensation:
Pay Range: $31.194$38.126
Other Compensation (if applicable):
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
