Senior Financial Analyst
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Job Location:
Monthly Salary:
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
The University of Iowa Health Care Department of Pharmaceutical Care is seeking a100% Senior Financial Analyst. This position has responsibility for performing complex recurring and non-routine financial and cost accounting analysis of financial reports and data ultimately preparing narrative analysis for leadership team. The primary responsibility of this position will be monitoring and reconciling accounts general ledger entries preparation of dashboards and reports for leadership team and review of contracts and for advising the department with regards to financial planning. All duties are shared among the group of financial analysts ensuring that separation of duties is maintained at all times. Additionally this position will need to assist with analysis of payments payer mix and other data as determined.
Position Responsibilities:
1. Financial Oversight and Budgeting
Monitors analyzes and reconciles monthly charges and account balances.
Develop monthly reports for monitoring and trending of pharmacy related data based upon specific areas and including revenue expense and utilization.
Assist with development of forecasting reports related to all areas of pharmacy for budgeting purposes.
Gather data from outpatient pharmacy system for monthly entry into general ledger.
Obtain facilitate and manage contracts internally and externally from UIHC.
Reconciles bank deposits.
Understands financial reports and can discuss variances with members of leadership team.
Understands risk points and works to minimize.
Develop overall understanding of accounting structure and ensure reimbursement is being received appropriately.
Research and follow up with payers as appropriate/needed when remits or reimbursements are not as expected.
2. Financial Reporting
Review data on a pre-defined basis for analysis and sharing with leadership team.
Prepares dashboards related to different areas (overall area specific specialty) of pharmacy practice.
Provide analytical support including design implementation coordination and data querying to support financial improvements.
Provide reports to Hospital Finance and Accounting Services annually or as needed such as charity care payer mix etc.
3. Financial Analysis and Planning
Assist with the development of financial proformas for financial planning.
Reviews data on a drug specific basis as needed to determine profitability.
Through data analysis identify opportunities for business improvements.
Create and maintain medication-related benchmarking data.
4. Leadership and Training
Development of project plans and workflows.
Provide training and understanding to other members of the team related to job duties.
Maintain a broad knowledge of systems to utilize to develop reporting resources.
Provide back up to team members as needed.
5. Universal Competencies
Grasps the inevitability and challenges of change and adapts tactics accordingly; utilizes learning opportunities to prepare for changing work and methods.
Demonstrates a willingness to carry out responsibilities and a positive approach to accomplishing work.
Demonstrates an understanding of how work aligns to organizational mission vision and University environment.
Ability to establish and build healthy working relationships and partnerships with colleagues within and external to own unit those to whom services are provided vendors the public regulatory/governmental agencies etc. all of whom may be seen as customers or receivers of services provided by the University.
Manages customer expectations and takes responsibility to enhance service excellence.
Provides and accepts ideas and suggestions in a constructive and helpful manner.
Exhibits good teamwork: is approachable cooperative and contributes to an overall positive and productive work/team environment.
Works effectively with individuals from all backgrounds.
6. Technical Competencies
Understanding of the necessity and value of accuracy and attention to detail; ability to process information with high levels of accuracy.
Ability to analyze situations fully and accurately and reach productive decisions.
Knowledge and understanding of financial accounting systems specific to UIHC.
Basic understanding of accounting principles.
The position is eligible to participate in hybrid remote work arrangement two days onsite/three days remote upon training completion. Remote work must be performed at an off-site location within the State of Iowa. Training will be held ONSITE at the ACT Circle Pharmacy building in Iowa City Iowa at a length determined by the supervisor. Work arrangements will be reviewed annually and must comply with the University of Iowa remote work program and related polices and employee travel policy when working at a remote location
Education Requirements:
- A Bachelors degree in business administration accounting finance or related field or an equivalent combination of education and experience is required.
Experience Requirements:
Minimum of 2 years experience working in accounting budgeting or financial analysis.
Demonstrated proficiency in complex financial and statistical analysis and presentation.
Demonstrated ability to work collaboratively and communicate financial concepts clearly.
Evidence of strong organizational skills accuracy and attention to detail.
Demonstrated proficiency in computer software applications including Microsoft Excel Access Word and Outlook.
Desired Qualifications:
Masters of Business Administration.
Familiarity with financial analysis tools.
Knowledge of EPIC Power BI or Tableau.
Excellent verbal and written communication skills.
Experience working in a large academic medical center.
Experience working with health insurance companies.
Experience working with medication and/or health care related data.
Working knowledge of university policies procedures and regulations.
Resume and Cover Letter are required to be considered for an interview applicants must upload thedocumentand mark them as a Relevant File to the submission:
Job openings are posted for a minimum of 7calendar days and may be removed from posting and filled any time after the original posting period has ended.
Successful candidates will be required to self-disclose any conviction history and will be subject to a criminal background check and credential/education to 5 professional references will be requested at a later step in the recruitment process.
For additional questions please contact Teresa Walker at
Required Experience:
Senior IC
Key Skills
- Cognos
- Forecasting
- Hyperion
- Financial Concepts
- Pivot tables
- Accounting
- Analysis Skills
- Microsoft Excel
- Financial Analysis
- Financial Modeling
- Budgeting
- Financial Planning
About Company
The University of Iowa is a top-tier public research university in Iowa City—home to more than 32,000 students, offering world-class programs across 200+ fields of study, renowned especially for its creative writing, acclaimed medical center, and balanced excellence in the arts and sc ... View more
