Financial Analyst Senior in West Orange, New Jersey at RWJBarnabas Health

Job Title: Financial Analyst Senior

Location: SBC Corporation

Department Name: Finance - Medical Group

Req #: 0000259145

Status: Salaried

Shift: Day

Pay Range: $84,022.00 - $105,028.00 per year

Pay Transparency:

The above reflects the anticipated annual salary range for this position if hired to work in New Jersey.

The compensation offered to the candidate selected for the position will depend on several factors, including the candidate's educational background, skills and professional experience.

Setting the Stage:

The Senior Financial Analyst will generate standard and custom financial and productivity reports.

They will verify data and maintain accurate system information.

They will be the primary budget and financial reporting resource for all clinical divisions/departments within the Academic and/or CINJ professional enterprise.

To Be Considered:

Education Required:

• Bachelor s Degree in Finance, Accounting, Economics, Business Administration or related field required

Additional Education Preferred:

• Master s degree strongly preferred

Experience Required:

• At least 3-5 years of experience working as a financial, budget or business analyst required

Experience Preferred:

• Prior knowledge of industry benchmarking data (MGMA, AMGA, etc.) and CMS physician coding/billing/wRVU guidelines

A Typical Day:

• Analyze monthly results vs budget and provide feedback to clinical division/department leadership on opportunities
• Work with Corporate Accounting to prepare adjusting journal entries as necessary for either actual or budget timeseries within the health system financial reporting systems (Strata and Peoplesoft)
• Prepare annual budgets for the health system academic clinical enterprise
• This includes maintaining staffing grids, position control, other expenses
• Assist department leadership with statistical budgeting at provider level to support benchmarking initiatives
• Assist with maintaining cFTE data points for all clinical providers within the Academic and/or RCI practices
• Verify accuracy of data on a regular basis in conjunction with physician compensation and clinical leadership
• Preparation of proforma analysis in conjunction with clinical leadership related to capital spending needs
• Calculate ROI and assist with SBAR items as necessary
• Prepare standard financial impact analysis in conjunction with division/department leadership for clinical enterprise FTE requests related to replacements, upgrades, downgrades and net new requests
• Support PRRC and Workforce processes for assigned divisions
• Discreet handling of confidential information
• May perform other duties as assigned or directed by management

This Role Might Be For You If You Have:

• Demonstrated proven ability to take on increasing responsibility in a fast-paced environment
• Progressive experience working as part of a team and as an individual
• Proficient in Microsoft Office with advanced skills in excel (Pivot tables, conditional statements and v-lookups required)
• Excellent written and oral communication skills
• Demonstrated ability to understand internal and external financial reports to develop meaningful analysis for leadership
• Ability to communicate and work effectively with a diverse group of business professionals at all levels of the organization including management, physicians, operations, and business development
• Ability to prioritize and meet multiple deadlines effectively
• Must have strong attention to details
• Maintaining strict confidentiality of files and reports

Benefits and Perks:

At RWJBarnabas Health, our employees are at the heart of everything we do. Driven by our Total Wellbeing promise, our market-competitive offerings include comprehensive benefits and resources to support our employees’ physical, emotional, financial, personal, career, and community wellbeing. These benefits and resources include, but are not limited to:

Paid Time Off including Vacation, Holidays, and Sick Time
Retirement Plans
Medical and Prescription Drug Insurance
Dental and Vision Insurance
Disability and Life Insurance
Paid Parental Leave
Tuition Reimbursement
Student Loan Planning Support
Flexible Spending Accounts
Wellness Programs
Voluntary Benefits (e.g., Pet Insurance)
Community and Volunteer Opportunities
Discounts Through our Partners such as NJ Devils, NJ PAC, and Verizon
….and more!

Choosing RWJBarnabas Health!

RWJBarnabas Health is the premier health care destination providing patient-centered, high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.

RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey—whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.

Equal Opportunity Employer
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