Property Accounting Financial Analyst, Full-time, Days (Hybrid)

The Financial Analyst reflects the mission vision and values of NM adheres to the organizations Code of Ethics and Corporate Compliance Program and complies with all relevant policies procedures guidelines and all other regulatory and accreditation standards.

The Financial Analyst is responsible for recording transactions performing analysis activities and evaluating trends and drivers at Northwestern Medicine. The position will also be charged with the preparation and some review activities related to the month end close process; as well as support for the annual financial statement audit. The analyst will need to understand complex financial concepts in a fast paced environment.

• THIS ROLE WILL REQUIRE YOU TO BE ONSITE 3-4 TIMES PER WEEK. 

Responsibilities:

• Meet financial objectives by identifying and evaluating trends analyzing variances and initiating any corrective actions or adjustments.
• Prepare reconciliations analyze variances and initiate corrective actions on transactions with a high degree of complexity in support for finance and operating departments.

ADDENDUM:

Analysis:

Review lease PO for documentation expiration asset definition. Determine ASC842 implications.

Analyze complex transactions including embedded leases real estate build to suit short and long term

arrangements.

Determinate and coordinate data collection to support lease analysis and calculations.

Evaluate leased asset fair value and document support

Research lease exposure and due dates required for lease obligation footnote schedule. Compile commitment obligation footnote schedule support.

Engage with Purchasing Sourcing Contracting and requestors to understand details and embedded leased elements

Reconcile lease roll-forwards. Investigate variances and prepare resolutions for posting prior to fiscal close. Prepare reconciliations; analyze variances; and initiate corrective actions on transactions with a high degree of complexity in support for finance and operating departments.

Research lease support documentation for affiliation valuation and reconciliation including contracts financial/operating implications

Research and interpret changes in financial reporting policy applying observations and recommendations to operational issues.

Integrate leased asset information into the central repository.

Application:

Process Lease admin acquisitions and amendments Asset Management transfers and retirements in ERP application.

Acquisitions:

Research and compile documentation to support the fair value of acquisitions. Perform site visits to document tag or confirm equipment existence and complete appropriate reconciliations of appraisals or related submittals. Prepare tangible and intangible allocation based on site visit and 3rd party appraisal valuation.

Work with all leadership levels to resolve leases invoice and asset reconciliation discrepancies. Research and communicate recommended actions to resolved issues.

Audit:

Research unresolved leased asset transactions that require leaderships attention and assist managers in timely transaction resolution.

Participate in the monthly quarterly and year end close and audit activities.

Reporting:

Provide support and analysis by querying appropriate data preparing reports making presentations of analysis findings and recommendations to management.

Work with leadership in review of potential lease proposals to ensure that costs are correctly defined and documented as finance or operating.

Compile month-end senior management and board lease presentations including footnotes lease vs buy and monthly close meeting strategic projects analysis.

QUALIFICATIONS

Required:

Bachelors degree in Accounting Finance or related field

Requires high attention to detail strong communication collaboration and analytical skills

Experience in a fast paced dynamic environment

Advanced knowledge of Microsoft Office Suite specifically Excel and PowerPoint

Moderate knowledge of Access SQL and relational databases

Preferred:

Master degree in Accounting Finance or Business Administration

PeopleSoft or comparable ERP experience

Experience in project management

Systems experience using tools to manage multiple capital projects and asset transactions

Qualifications :

Required:

• Degree in Finance/Accounting or related field.
• 3 years of relevant experience.
• Excellent communication collaboration analytical and accounting skills.
• High level of precision and attention to detail.
• Expert knowledge of Microsoft Office Suite.

Preferred:

• Public Accounting experience.
• CPA or CHFP certification.
• Experience with an enterprise resource planning (ERP) system preferably PeopleSoft.
• Healthcare finance experience.

Additional Information :

Northwestern Medicine is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age sex race color religion national origin gender identity veteran status disability sexual orientation or any other protected status.

Benefits

We offer a wide range of benefits that provide employees with tools and resources to improve their physical emotional and financial well-being while providing protection for unexpected life events. Please visit our Benefits section to learn more.