Senior Budget Analyst
Senior Budget Analyst
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Job Description
Job Description Summary
The Senior Budget Analyst for MUSCP is responsible for supporting the budgeting process for ambulatory services within the Charleston division. This role works closely with the Budget Manager and the Director of Strategic Finance and Business Initiatives assisting in financial analysis projections reporting and new service proposals.The primary focus is on the MUSC Physicians Expense budget collaborating with internal teams to ensure accuracy and alignment with organizational goals. The role requires the development and preparation of information as well as the ability to analyze healthcare business intelligence data from conceptualization to presentation. Proficiency in analytical tools data analysis methodologies and presentation software is essential along with strong communication skills and a commitment to delivering exceptional customer service.
Entity
University Medical Associates (UMA) Only Employees and FinancialsWorker Type
EmployeeWorker Sub-Type
RegularCost Center
CC002047 UMA CORP Strategic Finance and Business Initiatives CCPay Rate Type
SalaryPay Grade
Health-27Scheduled Weekly Hours
40Work Shift
Job Description
Entity/Organization: MUSC Physicians (MUSCP)
Hours per week:40
Scheduled Work Hours/Shift:Monday - Friday8:00am - 5:00pm
Pay Basis/FLSA: Salaried / Exempt
Job Summary/Purpose:
The Senior Budget Analyst for MUSCP is responsible for supporting the budgeting process for ambulatory services within the Charleston division. This role works closely with the Budget Manager and the Director of Strategic Finance and Business Initiatives assisting in financial analysis projections reporting and new service proposals.
The primary focus is on the MUSC Physicians Expense budget collaborating with internal teams to ensure accuracy and alignment with organizational goals. The role requires the development and preparation of information as well as the ability to analyze healthcare business intelligence data from conceptualization to presentation. Proficiency in analytical tools data analysis methodologies and presentation software is essential along with strong communication skills and a commitment to delivering exceptional customer service.
Key Responsibilities:
1. Ambulatory Budget Development:
o Assist in preparing the annual ambulatory budget collaborating with department heads and finance teams.
o Ensure alignment with financial goals for both operational expenses and revenue.
o Gather data from clinical and administrative departments to create accurate budget templates.
o Work with leadership to set realistic budget targets based on strategic goals.
2. Financial Reporting and Analysis:
o Monitor ambulatory service expenses and identify trends or variances.
o Conduct ongoing forecasting and provide variance analysis to highlight cost-saving opportunities.
o Collaborate with operational teams for corrective actions when necessary.
o Prepare and present detailed financial reports including budget-to-actual comparisons.
o Analyze financial drivers such as patient volumes payer mix and staffing.
o Provide actionable insights to leaders to improve financial performance.
o Provide support for special projects such as new services or facility expansions.
o Assist in financial modeling to assess the impact of new initiatives on the budget.
3. Collaboration with Operational Teams:
o Work with clinical operational and administrative teams to ensure accurate budgeting.
o Facilitate communication across departments to align financial goals and expectations.
o Provide guidance on budgeting best practices to non-financial stakeholders.
4. System and Tool Management:
o Utilize financial software (e.g. Axiom Excel WorkDay Adaptive: In the implementation phase) for budget tracking.
o Assist in designing testing and implementing of financial management technology.
o Ensure financial systems are accurate timely and properly maintained for reporting.
o Support the integration of budgeting data with other financial systems.
5. Continuous Improvement:
o Suggest process improvements in the budgeting workflow.
o Stay current on healthcare finance trends to ensure the ambulatory budget reflects industry best practices.
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Required Qualifications:
Education: Bachelors Degree in a relevant field (Finance Accounting Business Administration) with at least 3 years of experience in a complex healthcare organization. Masters degree preferred.
Experience: Strong knowledge of healthcare finance and experience in budgeting and financial analysis.
Skills: Advanced proficiency in Excel Word PowerPoint and financial systems (e.g. Axiom WorkDay Adaptive: In the implementation phase).
Certifications/Licensure: Not required.
Reports To:
MUSCP Budget Manager of Strategic Finance and Business Initiatives for MUSCP
Physical Requirements:
The role requires standing walking and sitting with the ability to perform repetitive motions reach in all directions and lift to 20 lbs. occasionally.
Must have the ability to perform tasks involving good finger dexterity vision corrected to 20/40 and work in a latex-safe indoor environment.
Additional Job Description
Education: Bachelors Degree or equivalent Work Experience: 2-4 yearsIf you like working with energetic enthusiastic individuals you will enjoy your career with us!
The Medical University of South Carolina is an Equal Opportunity Employer. MUSC does not discriminate on the basis of race color religion or belief age sex national origin gender identity sexual orientation disability protected veteran status family or parental status or any other status protected by state laws and/or federal regulations. All qualified applicants are encouraged to apply and will receive consideration for employment based upon applicable qualifications merit and business need.
Medical University of South Carolina participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program please click here: Experience:
Senior IC
Employment Type
Full-Time
Key Skills
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