At Northwestern Medicine, every patient interaction makes a difference in cultivating a positive workplace. This patient-first approach is what sets us apart as a leader in the healthcare industry. As an integral part of our team, you'll have the opportunity to join our quest for better healthcare, no matter where you work within the Northwestern Medicine system. At Northwestern Medicine, we pride ourselves on providing competitive benefits: from tuition reimbursement and loan forgiveness to 401(k) matching and lifecycle benefits, we take care of our employees. Ready to join our quest for better?

The Senior Financial Analyst reflects the mission, vision, and values of NM, adheres to the organization’s Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards.

The Senior Financial Analyst is responsible for the preparation and review of analysis for various business unit leadership, the internal board of directors, and regional reporting. The position is also charged with accounting, budgetary, and financial analysis activities as well as preparing complex journal entries and advanced reconciliations. The Senior Financial Analyst supports the finance function of Northwestern Medicine through special projects.

Addendum: Decision Support, Senior Financial Analyst

• Prepare complex financial reports and assist manager(s) to compile and interpret financial reports for investment and business decisions
  • Guides cost analysis process by establishing and enforcing policies and procedures; providing trends and forecasts; explaining processes and techniques; recommending actions.
  • Recommends actions by analyzing and interpreting data and making comparative analyses; studying proposed changes in methods and materials
• Research, compile, and analyze financial data while organizing and maintaining database files for financial modeling
• Increase productivity by developing automated applications, eliminating duplication, coordinating information requirements.
• Lead in gathering data and presentation materials for annual and ad hoc surveys.
• Consistently delivers concrete, relevant results. Displays qualities of resiliency and resourcefulness while thinking strategically and practically when problem solving. In addition to results orientation, displays business knowledge, speed and decisiveness, and project management.
• Work with operational managers to develop assumptions used in financial models.
• Effectively present and communicate to all levels of the organization.
• Develop and lead special projects.

Roles-

Cost Accounting:

• Analyze and interpret monthly general ledger, payroll, and clinical data
• Work through monthly cost accounting process, identifying appropriate allocation methodologies for direct and indirect expenses
• Support operational leadership and clinical teams to
  • Develop and maintain processes for accurate costing
  • Provide cost data interpretation, variance and trend analysis
  • Research and reconcile anomalies and variances in the cost model.

Contract Analytics:

• Analyze Payor contracts to support revenue expectations
• Analyze and maintain contract models in decision support software to support profitability reporting

Continuous Improvement:

• Build and track cost saving and revenue growth initiatives
• Create, maintain and deploy training materials for Decision Support software modules

Other Responsibilities:

• Meet accounting and financial objectives by preparing and reviewing analysis; identifying and evaluating trends; analyzing variances; initiating any corrective actions or adjustments.
• Prepare monthly, quarterly and annual reports, schedules, commentaries and supplemental material to be used by management.
• Mentors and supports members of the finance team as an informal leader.
• Research and interpret changes in accounting and financial reporting policy, applying observations and recommendations to operational issues.
• Research and understand changes in the regulatory environment and the potential impact on reporting.
• Review work prepared by other members when necessary, including analysis, financial reporting, journal entries, reconciliations, and audit work papers.
• Prepares analysis and support for management and the operating departments.
• Lead efforts to assess, modify, and/or develop and implement more timely and consistent processes/systems to increase efficiency, accuracy, and meaningfulness of information.
• Demonstrates knowledge in computer applications such as knowledge in databases, spreadsheets and word processing applications in a high complexity environment.
• Maintain professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal networks, adopting and implementing industry best practices, and participating in professional societies.
• Protect operations by keeping financial and patient information confidential.
• Supports the finance operation of Northwestern Medicine through special projects.

Competencies/Performance Expectations:

• Consistently perform job specific professional/technical competencies and requirements.
• Exemplify customer orientation by identifying, addressing and satisfying customers’ needs and wants, both spoken and unspoken, incorporating the Patients First philosophy.
• Exemplify communication and relationship competencies by fostering an open exchange of information that assures understanding, commitment and effective interpersonal and team relationships.
• Exemplify problem solving by objectively assessing the major elements of a specific situation from a number of viewpoints and consider an array of alternatives to formulate realistic plans and contingencies, taking the appropriate action and establishing appropriate measurements of anticipated results.
• Exemplify initiative by taking action without being prompted by others and act as a catalyst to spur others to action.
• Exemplify quality by performing the role with accuracy, thoroughness, efficiency and effectiveness in relation to both stated and unstated standards of excellence.
• Demonstrate health & safety responsibility by being knowledgeable about and adhering to hospital-wide and department-specific health and safety standards, integrating them into everyday activities.

AA/EOE

#INDC

Required:

• Degree in Finance or Accounting
• 5+ years in accounting, finance, and/or decision support role
• High level of precision and attention to detail, data validation, quality assurance, and data integrity
• Excellent oral and written communication, collaboration, and analytical skills
• Requires technical savvy and ongoing cultivation of flexibility and adaptability
• Ability to summarize complex issues into key elements
• Experience in a fast paced, dynamic environment, and able to effectively manage deadlines
• Advanced knowledge with Microsoft office suite (Excel and PowerPoint)

Preferred:

• Experience with an enterprise resource planning (ERP) system, preferably PeopleSoft
• Proficient in using platforms/applications, such as Blackline, Tableau, and/or Workiva Wdesk
• Experience with a financial planning system, such as Strata Decision Technology

Northwestern Medicine is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, gender identity, veteran status, disability, sexual orientation or any other protected status.