Senior Financial Analyst

The University of Iowa Health Care, Department of Pharmaceutical Care is seeking a 100%  Senior Financial Analyst. This position has responsibility for performing complex, recurring and non-routine financial and cost accounting analysis of financial reports and data, ultimately preparing narrative analysis for leadership team.  The primary responsibility of this position will be monitoring and reconciling accounts, general ledger entries, preparation of dashboards and reports for leadership team, and review of contracts and for advising the department with regards to financial planning.  All duties are shared among the group of financial analysts ensuring that separation of duties is maintained at all times.  Additionally, this position will need to assist with analysis of payments, payer mix, and other data as determined.

Position Responsibilities: 

1.       Financial Oversight and Budgeting

• Monitors, analyzes, and reconciles monthly charges and account balances.

• Develop monthly reports for monitoring and trending of pharmacy related data based upon specific areas and including revenue, expense and utilization.

• Assist with development of forecasting reports related to all areas of pharmacy for budgeting purposes.

• Gather data from outpatient pharmacy system for monthly entry into general ledger.

• Obtain, facilitate and manage contracts internally and externally from UIHC.

• Reconciles bank deposits.

• Understands financial reports and can discuss variances with members of leadership team.

• Understands risk points and works to minimize.

• Develop overall understanding of accounting structure and ensure reimbursement is being received appropriately.

• Research and follow up with payers as appropriate/needed when remits or reimbursements are not as expected.

2.       Financial Reporting

• Review data on a pre-defined basis for analysis and sharing with leadership team.

• Prepares dashboards related to different areas (overall, area specific, specialty) of pharmacy practice.

• Provide analytical support, including design, implementation, coordination, and data querying to support financial improvements.

• Provide reports to Hospital Finance and Accounting Services annually or as needed, such as charity care, payer mix, etc.

3.       Financial Analysis and Planning

• Assist with the development of financial proformas for financial planning.

• Reviews data on a drug specific basis as needed to determine profitability.

• Through data analysis, identify opportunities for business improvements.

• Create and maintain medication-related benchmarking data.

4.       Leadership and Training

• Development of project plans and workflows.

• Provide training and understanding to other members of the team related to job duties.

• Maintain a broad knowledge of systems to utilize to develop reporting resources.

• Provide back up to team members as needed.

5.       Universal Competencies

• Grasps the inevitability and challenges of change and adapts tactics accordingly; utilizes learning opportunities to prepare for changing work and methods.

• Demonstrates a willingness to carry out responsibilities and a positiv