Financial Analyst I

Job Description

Job Summary 

The Financial Analyst I is responsible for analyzing financial data, preparing reports, and assisting with budgeting and forecasting processes to support decision-making within the facility. This role involves gathering and interpreting financial information, monitoring trends, and ensuring financial data integrity. The Financial Analyst I collaborates with leadership and department managers to provide insights into financial performance, cost control, and operational efficiency. 

Essential Functions

• Analyzes financial data and trends to support budgeting, forecasting, and financial planning activities.
• Prepares financial reports and presentations, summarizing key findings and providing recommendations for decision-making.
• Assists in developing annual budgets and financial forecasts, ensuring accuracy and alignment with organizational goals.
• Monitors financial performance metrics, identifying variances and working with departments to address discrepancies.
• Supports month-end and year-end financial closing activities, including journal entries, reconciliations, and variance analysis.
• Conducts cost analysis and expense monitoring, assisting in identifying cost-saving opportunities.
• Collaborates with various departments to gather financial data and ensure accurate reporting.
• Ensures compliance with financial policies, procedures, and regulatory requirements.
• Utilizes financial software and systems to maintain accurate and organized financial records.
• Performs other duties as assigned.
• Complies with all policies and standards.

Qualifications

• Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or a related field required
• 0-2 years of experience in financial analysis, accounting, budgeting, or a related field required
• Experience in healthcare finance, hospital financial operations, or revenue cycle analysis preferred

Knowledge, Skills and Abilities

• Strong analytical and problem-solving skills, with the ability to interpret financial data and provide actionable insights.
• Proficiency in financial modeling, data analysis, and forecasting techniques.
• Knowledge of financial statements, budgeting principles, and variance analysis.
• Experience with financial software, spreadsheets, databases, and enterprise resource planning (ERP) systems (e.g., Oracle).
• Strong communication and presentation skills, effectively conveying financial data to non-financial stakeholders.
• Attention to detail and ability to manage multiple tasks in a fast-paced environment.
• Knowledge of healthcare financial regulations, reimbursement models, and cost accounting principles (preferred).

Licenses and Certifications

• Certified Healthcare Financial Professional (CHFP) preferred or
• Certified Public Accountant (CPA) preferred or
• Certified Management Accountant (CMA) preferred