Financial Analyst IV

Job Details

Job Description

ESSENTIAL FUNCTIONS:

Provide financial oversight for all departmental activity. This includes:

Budgeting:

• Assists in the preparation and submission of annual operating and capital budgets for JCP and JUP.
• Lends technical assistance to Department Leadership for preparation of the annual budget.
• Monitors monthly Statement of Receipts and Expenditures (cost centers) to ensure that expenses and revenue are meeting budgeted financial targets.
• Identifies and reports budget variances to Business Manager.
• Leads the Year End financial reconciliation for JUP and JCP.

Financial Reporting:

Assists in the preparation of monthly and quarterly financial reports, which evaluate the productivity and financial performance of individual physicians and of the department. Provides variance analysis, financial forecasts, and performance evaluations for Department Administration using financial performance and budget data. Financial analysis of all clinical practice activities and special purpose accounts. Activities include:

• Prepare and manage monthly division and physician practice financials, appropriately allocating departmental overhead expenses.
• Reconcile monthly variance reports for all accounts.
• Ensure that all deposits are being appropriately recorded and revenuereconciles to receipt summary reports.
• Prepare and manage monthly IDC's.
• Prepare financial forecasts for various divisions and/or programs as required.

Special Projects:

• Prepares reports as needed for Physicians, Managers, and JUP/TJU/TJUH Finance Departments.
• Generates new budgets for all new funds and budget changes for the TJU/TJUH/JUP.
• Assists with preparation of the annual Capital Inventory for the department.
• Prepares and maintains statistical and financial summary reports for the departmental clinical practices, academic and research programs.
• Statistical reports include financial results, payor mix, and accounts receivable analysis, clinical volume, revenue and expense analysis, and indirect cost reporting.
• Prepare special reports and graphs as requested by the Chairman, Division Directors, and Administrator.
• Monthly oversight of newly recruited physicians P&L to ensure adequate support dollars are being allocated.

EDUCATIONAL/TRAINING REQUIREMENTS:

• Bachelor's Degree in Finance required. Master's preferred.

EXPERIENCE REQUIREMENTS:

• 5- 10 years of Financial Management experience

ADDITIONAL INFORMATION:

• Expertise in Excel spreadsheets, pivot tables, Vista Plus and basic accounting principles.

Work Shift

Worker Sub Type

Primary Location Address

Nationally ranked, Jefferson, which is principally located in the greater Philadelphia region, Lehigh Valley and Northeastern Pennsylvania and southern New Jersey, is reimagining health care and higher education to create unparalleled value. Jefferson is more than 65,000 people strong, dedicated to providing the highest-quality, compassionate clinical care for patients; making our communities healthier and stronger; preparing tomorrow's professional leaders for 21st-century careers; and creating new knowledge through basic/programmatic, clinical and applied research. Thomas Jefferson University, home of Sidney Kimmel Medical College, Jefferson College of Nursing, and the Kanbar College of Design, Engineering and Commerce, dates back to 1824 and today comprises 10 colleges and three schools offering 200+ undergraduate and graduate programs to more than 8,300 students. Jefferson Health, nationally ranked as one of the top 15 not-for-profit health care systems in the country and the largest provider in the Philadelphia and Lehigh Valley areas, serves patients through millions of encounters each year at 32 hospitals campuses and more than 700 outpatient and urgent care locations throughout the region. Jefferson Health Plans is a not-for-profit managed health care organization providing a broad range of health coverage options in Pennsylvania and New Jersey for more than 35 years.

Jefferson is committed to providing equal educational and employment opportunities for all persons without regard to age, race, color, religion, creed, sexual orientation, gender, gender identity, marital status, pregnancy, national origin, ancestry, citizenship, military status, veteran status, handicap or disability or any other protected group or status.