Financial Analyst II, Full-Time, Days

Title:

Financial Analyst II UCM Medical Group

Job Code:

8087

Work Location:

Rotational

Summary: Explain the role and its contribution within the organization within four sentences.

Responsible for providing comprehensive financial analysis reporting and decision support to UCM Medical Group. This role includes supporting physician compensation analysis developing and maintaining key performance indicators (KPIs) and providing data-driven insights through advanced data analytics. Financial Analyst II will collaborate closely with operations and finance leadership to drive financial performance optimize resource utilization and support the strategic objectives of the medical center.

Primary Job Functions: List primary duties the role performs in increments of no less than 10%.

%

Analyze monthly quarterly and annual financial statements identifying trends variances and key performance indicators (KPIs).

15

Develop maintain and enhance financial models to support operational decision-making budgeting and forecasting processes.

15

Assist in the development and reporting of KPIs to track the financial and operational performance of ambulatory services.

15

Support the administration of physician compensation models ensuring alignment with organizational goals and industry benchmarks.

5

Conduct regular analyses of physician productivity compensation and performance metrics providing recommendations for adjustments and improvements.

5

Assist with annual budget process for ambulatory services working closely with department managers to develop realistic financial targets.

5

Provide ongoing financial forecasts to track performance against budget highlighting risks and opportunities.

5

Utilize advanced data analytics tools to generate insights from financial operational and clinical data.

5

Develop and maintain dashboards and other tools to monitor and report on key financial and operational metrics including KPIs related to patient volume payer mix and service line profitability.

5

Identify trends and opportunities for improvement through data analysis and provide actionable recommendations to leadership.

5

Collaborate with operational leaders to analyze and improve the financial performance of various ambulatory clinics including patient volume payer mix and service line profitability.

5

Provide financial insights to support the expansion of ambulatory services including new clinic openings and service line development.

5

Partner with senior management on strategic planning initiatives including market analysis business case development and financial impact assessments.

5

Lead special projects and financial analyses as requested by senior leadership such as benchmarking productivity studies and cost-benefit analyses.

5

Other duties as assigned

Management Position Measures: If applicable list the number of both direct and indirect reports and/or the type of budget responsibility (direct or oversight).

Knowledge Skills Abilities and Other Work Requirements

Qualifications:

Bachelors degree in Finance Accounting Business Administration Data Analytics or a related field. A Masters degree or CPA designation is preferred.

Minimum of 5-7 years of experience in financial analysis preferably within a healthcare setting.

Experience in an academic medical center or ambulatory services environment is highly desirable.

Demonstrated experience with physician compensation analysis and data analytics.

License or Certifications:

Skills:

Advanced proficiency in financial modeling budgeting forecasting and data analytics.

Strong knowledge of healthcare finance including physician compensation revenue cycle management reimbursement methodologies and cost accounting.

Excellent analytical and problem-solving skills with the ability to interpret complex financial data and provide actionable recommendations.

Strong communication and presentation skills with the ability to convey financial information to non-financial stakeholders.

Collaborative team player with a customer service orientation.

Proactive and self-motivated with a commitment to continuous improvement and professional development.

Specific Departmental Requirements

Department Name

Cost Center

Reports to

Specific Departmental Accountability

Specific Additional Certifications

CMG Administration - Hyde Park CN

8000

Executive Director of Finance UCM Medical Group

STATEMENT OF OTHER DUTIES

This document describes the major duties responsibilities and authorities of this job and is not intended to be a complete list of all tasks and functions. It should be understood therefore that incumbents may be asked to perform job-related duties beyond those explicitly described.

All employees are required to familiarize themselves and continually comply with all federal and state health care laws regulations and rules (including Medicare and Medicaid billing requirements which are applicable to the employees job duties). Any employee who becomes aware of possible noncompliance with applicable laws is required to promptly report such possible noncompliance to his or her immediate manager or The University of Chicago Medical Center Compliance Resource Line. No adverse action or any form of retaliation shall be taken by the Hospitals against any employee because of that persons good faith report of possible noncompliance.

UCMC is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at UCMC are based on business needs job requirements and individual qualifications without regard to race color religion or belief national social or ethnic origin sex (including pregnancy) age physical mental or sensory disability HIV Status sexual orientation gender identity and/or expression marital civil union or domestic partnership status past or present military service family medical history or genetic information family or parental status or any other status protected by the laws or regulations in the locations where we operate. UCMC will not tolerate discrimination or harassment based on any of these characteristics.

Leadership Expectations (for all management and director/executive director positions)

E4 Leadership (Equity Engage Evolve Excel) is a patient centered management system that empowers teams to improve on a daily basis. This is done through daily readiness huddles real time process monitoring performance review huddles and structured problem solving. E4 Leadership is an evolving system where leaders work together to cultivate a culture of equity and continuous improvement that enables

Each person to realize their full potential for contribution

The organization to achieve high performance outcomes

System-wide integration coordination and seamless execution

Clear focus on exceptional equitable patient care and experiences.

As part of the leadership team this position will be instrumental in reinforcing and sustaining UCMs E4 Leadership Culture.

REASONABLE ACCOMMODATIONS

To perform this job successfully an individual must be able to perform each essential duty satisfactorily. The requirements listed within this document representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

UCMC STANDARDS OF BEHAVIOR

Adhere to UCMC Policies including compliance with federal and state laws and accrediting body regulations

Responsible for reading and understanding the University of Chicago Medical Centers Standards of Behavior and committing to demonstrate and uphold the Mission Vision and Values

Be present and focus on addressing one patient at a time giving your full attention

Exercise patience and empathy at all times (put yourself in others shoes)

Demonstrate professionalism at all times in Actions Words and Attire

Acknowledge and greet everyone in a warm welcoming manner