Financial Analyst

at  Bayhealth

GENERAL SUMMARY:

Assists in preparation of annual operating and capital budgets and analyzes budget variances for all revenues and expenses. Maintains Cost Accounting system for profitability analysis utilizing the RCC cost methodology. Maintains productivity system for both internal and external benchmarking. Prepares financial feasibility studies.

REQUIRED EDUCATION, CREDENTIAL(S) AND EXPERIENCE:

• Education: Bachelor’s degree- Accounting
• Credential(s)
• Experience: Required: 2 years’ work experience in Finance, Budgeting or Cost Accounting. Preferred: Experience with hospital accounting and/or reimbursement.

PREFERRED EDUCATION, CREDENTIAL(S) AND EXPERIENCE:

• Education:
• Credential(s):
• Experience:
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1. Assist in maintenance of McKesson/HBOC, Trendstar HSL/CCA/RUA system. Prepare and analyze profitability, cost and reimbursement studies. Assist with historical database build in Trendstar by hospital, with monthly extracted STAR patient history
2. Assist with development of annual operating and capital budgets for Board approval by April 30th each year. Prepare various workload, payroll hours, revenue and expense actual to budget comparative reports for budget monitoring.
3. Maintain general ledger parallel process for consolidated reporting of monthly actual to budget comparative reports utilizing the McKesson/HBOC “Trendstar HSL” system. Prepares, analyzes and maintains general ledger data. Extract monthly general ledger detail from STAR to Trendstar. Validate to STAR income statement. Maintain chart of accounts in all systems. Maintain reports built for auditors and management.
4. Assist with preparation of actual to budget comparative reports monthly and YTD. Validate to STAR income statement. Generate log files for storage in “laservault” with a 2 day completion target. Prepare actual to budget reports for executive team to include: top 10 cost centers for each entity with the highest budget variance, temp labor, overtime and on-call usage, FTE’s, gross margin ranking reports, bed rentals, workload/revenue analysis and others as requested. Complete package for distribution with a 2 day turnaround after receipt of financial statements.
5. Coordinate data compilation for quarterly submission of benchmark data utilizing the Solucient” productivity system. Assess feedback reports and publish comparative reports to management. Compile primary and secondary Workload Indicators/Statistics for budget and productivity reporting. Strive to track statistics to the productivity definitions as published by “Solucient.” Prepares and monitors Statistical Surveys/ Monthly Comparative Reports.
6. All other duties as assigned within the scope and range of job responsibilities