Financial Analyst

Job Function Summary:

Involves developing, interpreting and implementing financial concepts for financial planning, resource planning (dollars), and control of organizational budget. May analyze and prepare recommendations for financial plans, including annual resource allocations, future requirements, and operating forecasts.

 

Generic Scope (not customizable, will not be used in the job posting/advertisement):

Experienced professional who knows how to apply theory and put it into practice with in-depth understanding of the professional field; independently performs the full range of responsibilities within the function; possesses broad job knowledge; analyzes problems / issues of diverse scope and determines solutions.

 

Custom Scope (customizable, will be used in the job posting/advertisement): 

This position supports the budget, accounting and financial management functions of the Department of Radiology and Biomedical Imaging.Business Office. Incumbent serves as a key member of the team developing and reporting on budgets and financial activities of the department. Serves as a senior member of departmental team that reviews and evaluates departmental procedures and policies for financial operations. Provides financial analysis and reporting on a wide variety of departmental activities that support patient care, research, and education.

 

DUTIES & ESSENTIAL JOB FUNCTIONS

Identify the functions or tasks that employees in the job perform. The essential functions should state the purpose of the work and the results to be accomplished, rather than how the function is performed. Of the tasks listed, what percentage of time is devoted to each? The more time employees spend on a function, the more likely it is that the function is essential. Generally, include those functions that account for 10% or more of the work, i.e., key items that contribute significantly to the achievement of the job.  The functions should add up to 100%.

%  

of time

Essential Function (Yes/No)

  

Key Responsibilities

(To be completed by Supervisor)

25

Yes

Applies professional concepts to perform moderate to complex financial or resource analysis to understand past performance and determine present and future performance and / or resource allocations. 

Develops budgets and tracks revenue and expenditures for multiple, centrally managed budgets: Computer Support, China Basin Admin, Marketing, RSNA/Images/Business Development and others as identified over time. Develops and maintain reporting formats for selected budgets. Using advanced-function spreadsheets (e.g., including pivot tables, look-up tables, and conditional functions) downloads information from MyReports or other inquiry tools (e.g., Cognos, Plus) into spreadsheets. Manages the these budgets within the central budget and reporting processes of the Department.

Identifies issues and problems requiring action by senior managers, develops options, and recommends solutions. Participates in budget team developing information and recommendations for the Chief Financial Officer (CFO), Chief Administrative Officer (CAO), and Chair. Undertakes ad hoc analyses of a wide variety of financial issues as identified by supervisor or department leadership. Independently gathers information as needed to perform analysis.

25Yes

Provides analytical support for complex budget, financial, or resource analysis projects.

Working collaboratively with clinical finance team members, provides analytical support in the semi-annual preparation of clinical section profit & loss statements and bonus calculations. Reviews all clinical section FTE and payroll expense (making adjustments as necessary). Responsible for integrating and validating data from multiple sources in order to produce financial reports for each section. Supports clinical productivity benchmarking analysis, and prepares semi-annual reports for Chair and section chiefs.  Completes annual AAARAD survey.  

5

Yes

Coordinates and implements department budget allocations. Conceives of and maintains department chart of accounts, other data management tools, and related business processes.

Assists in fiscal close and yearly allocations.

10

Yes

Gathers information, analyzes, prepares and summarizes recommendations for financial and / or resource plans, including annual resource allocation approaches, trended future requirements, operating forecasts, sources and uses, etc. Examples include generating,