Senior Financial Analyst-Commercialization-77016-002

The Senior Financial Analyst is responsible for the evaluation of current and future operational and financial practices, development of new systems and/or processes, developing policies and procedures to achieve desired financial and operational goals in a business unit, such as an institute, department or division.

1. Monitors monthly budget, fund and or/general ledgers for the department or business unit within the School or Hospital; provides variance analysis.

2. Analyzes the revenue cycle and revenue stream for the business unit and assists in developing feasibility and profitability analysis and/or business plans for new and existing programs, including new faculty recruitment and revenue capture.

3. Communicates with accounting staff to obtain variance explanations, to alert them to wire transfers and to ensure that revenue and expenses are captured properly.

4. Prepares regular and ad hoc reports and participates in follow-up discussions with business unit leadership.

5. May ensure that grants, clinical trials and other revenue and expense driven projects and streams are properly monitored, credited and reports are prepared.

6. Prepare and submit purchase orders, contracts, change orders, invoices, check requests, petty cash vouchers, travel requests and travel vouchers, fund transfers and HRTS transactions as necessary.

7. Recommend and implement approved changes for efficiencies, documenting those procedures.

8. May mentor, train or oversee more junior staff.

9. May input and review faculty/staff payroll and maintain appropriate records.

10. May review Time and Effort reports for faculty and staff, prepare accruals and recharges for upload monthly general ledger updates.

11. Liaison to external medical organizations such as UHC, AAMC, MGMA for faculty productivity benchmarking

12. Develop financial reports and distribute to Dept. Chair, Chiefs and administrators with aim to improve inefficiency and profitability, Accountable for those metrics

13. Performs other related duties

• Bachelors degree in Accounting or an equivalent combination of education and experience
• 5+ years of experience in Finance or a related field

Compensation Statement

The Mount Sinai Health System (MSHS) provides a salary range to comply with the New York City Law on Salary Transparency in Job Advertisements. The salary range for this role is $74,674.87 - $126,689.91 Annually. Actual salaries depend on a variety of factors, including experience, education, and hospital need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits.

Non-Bargaining Unit, J04 - Commercialization - ISM, Icahn School of Medicine

Strength Through Diversity

The Mount Sinai Health System believes that diversity, equity, and inclusion are key drivers for excellence. We share a common devotion to delivering exceptional patient care. When you join us, you become a part of Mount Sinai’s unrivaled record of achievement, education, and advancement as we revolutionize medicine together. We invite you to participate actively as a part of the Mount Sinai Health System team by:  

• Using a lens of equity in all aspects of patient care delivery, education, and research to promote policies and practices to allow opportunities for all to thrive and reach their potential.
• Serving as a role model confronting racist, sexist, or other inappropriate actions by speaking up, challenging exclusionary organizational practices, and standing side-by-side in support of colleagues who experience discrimination.
• Inspiring and fostering an environment of anti-racist behaviors among and between departments and co-workers.

We work hard to acquire and retain the best people and to create an inclusive, welcoming and nurturing work environment where all feel they are valued, belong and are able to professional advance. We share the belief that all employees, regardless of job title or expertise contribute to the patient experience and quality of patient care.

 Explore more about this opportunity and how you can help us write a new chapter in our history!

“About the Mount Sinai Health System:

Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with more than 43,000 employees working across eight hospitals, more than 400 outpatient practices, more than 300 labs, a school of nursing, and a leading school of medicine and graduate education. Mount Sinai advances health for all people, everywhere, by taking on the most complex health care challenges of our time — discovering and applying new scientific learning and knowledge; developing safer, more effective treatments; educating the next generation of medi