Financial Analyst Sr.

Department:

10218 Advocate Aurora Health Corporate - Financial Planning: IL PSA Central Chicagoland

Status:

Full time

Benefits Eligible:

Yes

Hours Per Week:

40

Schedule Details/Additional Information:

40 hours

Mon - Fri

Hybrid Position - 60% Office / 40% WFH

Major Responsibilities:

• Plans and prepares financial and statistical analyses for new programs, projects, and services.
• Plans, prepares, communicates, and monitors financial projections including but not limited to revenue and expense statements, balance sheets, cash flow statements, and key financial indicators. Thoroughly understands their inter-relatedness and quickly assesses the impact of change.
• Plans and develops detailed cost accounting standards and utilizes them in financial proformas and budgeting. In addition, performs variance analyses on these standards.
• Participates in the development and maintenance of procedural prices using appropriate costing methodologies and market analyses.
• Plans, prepares, communicates, and monitors operating and capital budgets.
• Plans, prepares, communicates, and monitors benchmarking activities.
• Acts as support for all areas of budgeting, finance, cost accounting, and reporting. Counsels and recommends corrective action as needed.
• Interprets and applies the rules, regulations, and payment mechanisms of government programs and managed care companies to financial activities.
• May assist in preparing and/or providing the necessary information to complete Medicare and Medicaid cost reports.
• May act as a liaison with the Business Office to assure consistency in billing and collections practices across departments and develops recommendations or resolves issues and/or problems.

Licensure, Registration, and/or Certification Required:

• None Required.

Education Required:

• Bachelor's Degree in Finance or related field.

Experience Required:

• Typically requires 5 years of experience in finance and/or accounting.

Knowledge, Skills & Abilities Required:

• Demonstrates strong initiatives and produces high quality results. Able to perform above tasks independently.
• Demonstrated advanced knowledge of financial analysis required.
• Experience using various computers/software systems including Word, Windows based mainframe, database spreadsheets, and generating reports from various databases. The ability to learn new applications and instruct others on their use is needed.
• A thorough understanding of the various rules and regulations of government programs and their related implications.

Physical Requirements and Working Conditions:

• Must sit up to 50 percent of the workday.
• Must lift up to 10 lbs. frequently and up to 50 lbs. occasionally.
• Position requires some travel between affiliates and therefore there is exposure to road and weather hazards.
• Exposed to a normal office environment.
• Operates all equipment necessary to perform the job.

This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.

About Advocate Health 

Advocate Health is the third-largest nonprofit, integrated health system in the United States, created from the combination of Advocate Aurora Health and Atrium Health. Providing care under the names Advocate Health Care in Illinois; Atrium Health in the Carolinas, Georgia and Alabama; and Aurora Health Care in Wisconsin, Advocate Health is a national leader in clinical innovation, health outcomes, consumer experience and value-based care. Headquartered in Charlotte, North Carolina, Advocate Health services nearly 6 million patients and is engaged in hund