Senior Financial Analyst

Summary

The Bobby R. Alford Department of Otolaryngology, Head & Neck Surgery is seeking a Senior Financial Analyst to help maximize business productivity by performing complex financial analysis, budget forecasting, and reporting. This position will play an important role in directing daily operations of the department, and will monitor and report medical services revenue to department and College stakeholders. Along with departmental leadership, this position will lead process improvement initiatives related to financial performance and evaluate business development opportunities.

 

This role will regularly interact with faculty in the department and must be able to communicate effectively and professionally at all times. While the position will need to be on-location at least initially, we would consider a hybrid work schedule after an onboarding and training period.

Job Duties

• Develop annual department budget, and track performance to budget throughout the fiscal year.
• Participate in budget forecasting across mission areas, investigate and report on variances to budget and forecast.
• Establish financial systems to monitor and analyze expenditures, and identify areas to reduce expense, particularly related to clinical operations.
• Collaborate with key department and College stakeholders to facilitate collection and analysis of financial data.
• May oversee or manage post-award grant activities.
• Manage and execute service line budgets within the department, establishing workflows or processes to verify revenue and expense generation.
• Organize and communicate monthly financial reports for administrator, practice manager, and physician leadership.
• Monitor productivity for physicians participating in Baylor Medicine compensation plan, communicating regularly with leadership regarding individual benchmarks.
• Assist with strategic business development as it relates to clinical operations. Specifically, formulate business plans, proformas, and concept acceptance proposals as required.
• Work with medical director and practice manager to create internal mechanisms to periodically review pricing for self-pay offerings such as cosmetic injections/procedures, sublingual allergy therapy, and hearing aids.
• Manage effort and cost distributions for staff and faculty.

Minimum Qualifications

• Bachelor’s degree in Finance or a related field.
• Four years of relevant experience.

Preferred Qualifications and Skills

• Master's degree in a related field and two years of relevant experience may also be considered.
• Academic healthcare setting
• Strong background in financial management/analysis or accounting
• Advanced skills in database management

 

 

Baylor College of Medicine is an Equal Opportunity/Affirmative Action/Equal Access Employer.

 

 

 17976

CH