Financial Analyst, Ancillary Services

Position purpose

This role supports the company’s financial health and long-term business strategy through budgeting, forecasting, and analytical evaluation of financial and operational performance. The focus is on enterprise-wide ancillary services, including infusion, oncology, interventional radiology, pathology, anesthesia, and other clinical ancillary service lines.

Responsibilities/Duties/Functions/Tasks:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Serve as the subject matter expert on drug, implant, and medical device margin analysis, including acquisition costs, ASP reimbursement, buy-and-bill dynamics, and payer reimbursement nuances, and how these factors impact financial performance.

§ Budget & Forecast: Assist in the preparation of annual budgets and midyear forecasts, ensuring accuracy and alignment with strategic goals.

§ Operational Efficiency: Evaluate operational costs and profitability of ancillary services, recommending strategies for cost reduction and revenue enhancement.

§ Financial Compliance: Support compliance activities as it relates to regulatory requirements, financial policies, and internal controls.

§ Financial Analysis: Conduct detailed financial analyses to assess business performance, identify trends, and forecast future financial outcomes.

§ Reporting: Develop and maintain financial reports, dashboards, and key performance indicators (KPIs) for management, physicians, and other stakeholders.

§ Data Management: Collect, analyze, and interpret financial data from various sources, ensuring data integrity and accuracy.

§ Financial Results Review: Partner with accounting team for month, quarter, and year-end close review to ensure results are accurately stated. Perform general ledger and data validation to ensure accuracy and completeness for proper financial reporting. Perform monthly variance analysis in collaboration with FP&A and Accounting.

§ Financial Operations: Review invoices and other payables to ensure compliance with budget and proper general ledger classification. Provide ongoing review of employee roster and ensure proper designation of personnel expenses. Perform review and analysis for contract service arrangements.

§ Collaboration: Work closely with cross-functional teams, including operations and clinical staff, to understand financial impacts of business decisions.

§ Other: Participate in ad hoc projects, analyses, and presentations as required by management.

Qualifications

EDUCATION: Bachelor’s in Finance, Business or Accounting degree required

EXPERIENCE:

§ Minimum five (5) years experience in an FP&A or Finance / Accounting role within healthcare-related industry strongly preferred

§ Experience with multi-location physicians’ practice is preferred

§ Experience using Adaptive Planning preferred

Performance Requirements:

§ Solid understanding of finance and accounting

§ Excellent presentation, interpersonal, and communication skills, and the ability to effectively

§ interface and build relationships with various departments and management levels and stakeholders

§ Strong Microsoft Office Suite proficiency, including an advanced knowledge of Excel and ability to create PowerPoint presentations.

§ Strong financial modeling skills: ability to construct and operate a three-statement financial statement model utilizing Excel and Adaptive Planning

§ Ability to critically analyze financial information and communicate assumptions effectively.

§ Excellent problem-solving and analytical skills:

o Ability to extract, organize and analyze large datasets and distill into executive level summaries.

o Ability to understands trends, drive specific analyses, and develop actionable insights from them.

o Ability to identify problems and discrepancies, independently perform research and analysis of causes, and recommend corrective actions.

§ Strong attention to detail.

§ Ability to effectively elicit / provide information to and from appropriate individuals (including, but not limited to, supervisors, co-workers) via strong communication skills.

§ Ability to work with a high degree of autonomy as well as part of team.

Equipment Operated: Standard office equipment including computers, fax machines, copiers, printers, telephones, etc.

Work Environment: Work requires hand dexterity for office machine operation, stooping and bending to files and supplies, mobility to complete errands, or sitting for extended periods of time. Occasionally lifting files or paper weighing up to 20 pounds. Occasionally work environment may be very stressful.

Mental/Physical Requirements: Normal office environment. May view computer screens for long periods of time. Occasional evening or weekend work.