Financial Analyst 1 - UHealth Laboratories

Job description

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The UHealth Laboratories Department at the University of Miami has an exciting opportunity for a  Financial Analyst 1.

CORE JOB SUMMARY

The Financial Analyst 1 compiles and analyzes financial information for the assigned division(s)/department(s) efficiently and accurately. The Financial Analyst 1 assists management in the decision-making process and strategic planning by presenting relevant financial reports in a clear, concise, and timely manner.

CORE JOB FUNCTIONS

1. Prepares and coordinates documentation of financial analysis projects such as budgets, forecasts, projections, expense performance, and presentations.

2. Identifies trends and developments in competitive environments and presents findings.

3. Provides analytical support for forward-looking financial or business-related projects.

4. Performs financial forecasting and reconciliation of accounts.

5. Designs and builds various models that summarize several different scenarios around growth and expansion initiatives or opportunities.

6. Develops and maintains performance and productivity dashboards, models, or analyses.

7. Collects, interprets, and analyzes relevant data or metrics.

8. May develop and maintain reports to support plans, business decisions, operational changes, strategic plans, and new services. Resolves any reporting issues.

9. Makes recommendations to align policies and procedures with best practices and capitalize on financial opportunities.

10. Adheres to University and unit-level policies and procedures and safeguards University assets.

This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as necessary.

CORE QUALIFICATIONS

Education:

Bachelor’s degree in relevant field required

Experience:

Minimum 1 year of relevant experience required

Knowledge, Skills and Abilities:

- Learning Agility: Ability to learn new procedures, technologies, and protocols, and adapt to changing priorities and work demands.

- Teamwork: Ability to work collaboratively with others and contribute to a team environment.

- Technical Proficiency: Skilled in using office software, technology, and relevant computer applications.

- Communication: Strong and clear written and verbal communication skills for interacting with colleagues and stakeholders.

DEPARTMENT ADDENDUM

Department Specific Functions

• Perform laboratory-specific financial and operational analysis.
• Perform financial analysis and end-to-end billing support for the Immunology and Histocompatibility Laboratory (IHL), including review of testing performed, client invoicing, revenue reconciliation, and resolution of billing discrepancies.
• Develop and maintain financial and operational KPIs, including cost-per-test, test mix, productivity, utilization, average cost per organ, send-out cost, and tests-per-FTE reporting.
• Prepare recurring financial reports, dashboards, and management reporting packages.
• Analyze budget-to-actual variances and identify operational and financial drivers; prepare supporting commentary and recommendations.
• Support budgeting, forecasting, revenue and expense accruals, account reconciliations, and month-end reporting activities.
• Research, validate, and reconcile laboratory activity against source systems to identify and resolve discrepancies in testing, billing, volumes, client attribution, revenue, and expense reporting.
• Collaborate with laboratory operations, finance, revenue cycle, and external stakeholders to support decision-making, process improvement, and reporting enhancements.
• Perform other related duties, analyses, projects, and responsibilities as assigned to support the financial and operational objectives of UHealth Laboratories.

The University of Miami offers competitive salaries and a comprehensive benefits package including medical, dental, tuition remission and more.

UHealth-University of Miami Health System, South Florida's only university-based health system, provides leading-edge patient care powered by the ground breaking research and medical education at the Miller School of Medicine. As an academic medical center, we are proud to serve South Florida, Latin America and the Caribbean. Our physicians represent more than 100 specialties and sub-specialties, and have more than one million patient encounters each year. Our tradition of excellence has earned worldwide recognition for outstanding teaching, research and patient care. We're the challenge you've been looking for.

The University of Miami is an Equal Opportunity Employer. Applicants and employees are protected from discrimination based on certain categories protected by Federal law.

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