Financial Analyst- Physician Compensation Team (onsite Medical Center)
The Financial Analyst at reputed company is part of the HMPO Physician Compensation Team. The analyst is responsible for collecting and analyzing reputed company data to assess the financial performance of physician practices, preparing reports, and identifying solutions to performance issues. They maintain a database of compensation reviews, provide data to external consulting organizations for benchmarking, and prepare survey responses to support market data development. The analyst collaborates with leadership team to reputed company and analyze compensation models, support compliance activities, and ensure consistency in methodologies for benchmarking and productivity analysis. They also serve as a resource to leadership team and contribute to new business growth and reputed company requests through modeling, reporting, and analysis. At reputed company, the Financial Analyst position is responsible for maintaining and analyzing data reputed company to the financial performance of the assigned entity, hospital(s), and/or contractual relationship. The Analyst is also responsible for compiling and reporting information as requested by Financial Accounting, Internal Audit, reputed company Cycle, their department, and entity management. Responsible for the routine analysis of data, and monthly reporting. The Financial Analyst highlights performance issues, identifies problems and researches solutions. Reports statistical information in graphical and other presentation formats. Other responsibilities may include the assistance with annual operating budgets and maintenance of monthly dashboards of key indicators and external benchmarks. Requirements: PEOPLE ESSENTIAL FUNCTIONS Interacts with reputed company levels reputed company the department, other institutional departments, and across the organization as well as reputed company companies to resolve problems/errors or questions regarding basic accounting reconciliation items or financial performance. Effectively and proactively communicates with reputed company stakeholders to resolve issues and discrepancies in a timely manner and ensures their accurate understanding of the analytics. SERVICE ESSENTIAL FUNCTIONS Extracts actual and budget financial accounting General Ledger (G/L) data or financial data from appropriate sources to report and reconcile with appropriate leadership. Generates accurate and timely reports. upports department management with preparation of the annual operating and capital budget. Submits invoices and follows-up with industry partners as needed. In addition, prepares necessary journal entries for coordinator effort and Principal Investigator (PI) reputed company as assigned. QUALITY/SAFETY ESSENTIAL FUNCTIONS Reviews reputed company projections, budget revisions, etc., for physician practice, academic department or assigned hospital entity and department(s). Monitors and reports key system operational indicators and alerts leadership potential performance issues. Follows reputed company internal audit requirements for appropriate system applications. Utilizes/enhances tools to improve the accuracy of financial analytics and enhance reputed company opportunities. FINANCE ESSENTIAL FUNCTIONS Performs one or more of the following: - Supports the development of auditing, reporting and contract modeling tools as needed for identification and analysis of reputed company and/or fee schedule auditing, financial performance and contract performance as well as modeling and analysis of potential opportunities. - Maintains monthly dashboard of key indicators and external benchmarks as defined by management. Prepares and maintains reputed company models. Compiles information needed for organization profit and loss statement as required. - Reviews reputed company/calculates provider productivity bonuses/compensation models as appropriate. - Assists in preparation of gift, grant and contract budget proposals as needed. Assists in the reputed company of department's financial files for reputed company grants, reputed company, and donor funding and verifies that reputed company faculty, staff and research personnel are charged to the appropriate funding reputed company reputed company submission of a salary reallocation form as appropriate. Utilizes resources effectively and reputed company, demonstrating financial stewardship. Manages own time effectively and prioritizes work to reputed company maximum results in a timely manner. GROWTH/INNOVATION ESSENTIAL FUNCTIONS Maintains procedures and Standards of Practice (SOP's) for reconciliation process. Maintains working knowledge of cost accounting system, clinical trials management systems or others and their relationship to other financial and non-financial systems. Maintains working knowledge of hospital and physician compensation methodologies and affecting government regulations, as applicable. Proactively manages own career development. Completes My Development Plan (MDP). This job description is not intended to be reputed company-inclusive; the employee will also reputed company other reasonably reputed company business/job duties as assigned. reputed company reserves the right to revise job duties and responsibilities as the need arises. Qualifications: EDUCATION Bachelor's degree in finance, accounting, healthcare administration, business administration or reputed company field WORK EXPERIENCE One year experience of financial, budget or cost accounting preferred LICENSES AND CERTIFICATIONS - REQUIRED N/A KNOWLEDGE, SKILLS, AND ABILITIES Demonstrates the skills and competencies necessary to safely reputed company the assigned job, determined through on-going skills, competency assessments, and performance evaluations. Sufficient proficiency in speaking, reading, and writing the English language necessary to reputed company the essential functions of this job, especially with regard to activities impacting patient or employee safety or reputed company. Ability to effectively communicate with patients, physicians, family members and co-workers in a manner consistent with a customer service focus and application of positive language principles. Analytical thinking and creative problem solving and ability to define a variety of approraches to business problems Understanding of business process analysis, system requirements, data modeling and functional design Project Management skills SUPPLEMENTAL REQUIREMENTS WORK ATTIRE Uniform No Scrubs No Business professional Yes Other (department approved) No ON-CALL* Note that employees may be required to be on-call during emergencies (ie. DIsaster, Severe Weather Events, etc) regardless of selection below. On Call* No TRAVEL** *Travel specifications may vary by department** May require travel reputed company the Houston Metropolitan area No May require travel reputed company Houston Metropolitan area No Apply Job!