Houston Methodist
Financial Analyst - Oral & Maxillofacial Research
Houston Methodist, Houston, Texas, United States, 77246
At Houston Methodist, the Financial Analyst position is responsible for maintaining and analyzing data related to the financial performance of the assigned entity, hospital(s), and/or contractual relationship. The Analyst is also responsible for compiling and reporting information as requested by Financial Accounting, Internal Audit, Revenue Cycle, their department, and entity management. The role involves routine data analysis, monthly reporting, highlighting performance issues, identifying problems, researching solutions, and presenting statistical information in graphical and other formats. Additional responsibilities include assisting with annual operating budgets and maintaining monthly dashboards of key indicators and external benchmarks.
PEOPLE ESSENTIAL FUNCTIONS
Interacts with all levels within the department, other institutional departments, and outside companies to resolve problems/errors or questions regarding basic accounting reconciliation items or financial performance. Communicates effectively and proactively with stakeholders to resolve issues and discrepancies promptly, ensuring accurate understanding of analytics.
SERVICE ESSENTIAL FUNCTIONS
Extracts actual and budget financial data from General Ledger (G/L) or other sources to report and reconcile with leadership, generating accurate and timely reports. Supports department management with the preparation of annual operating and capital budgets, submits invoices, and follows up with industry partners as needed. Prepares journal entries for coordinator efforts and Principal Investigator (PI) oversight as assigned.
QUALITY/SAFETY ESSENTIAL FUNCTIONS
Reviews revenue projections, budget revisions, etc., for physician practices, academic departments, or assigned hospital entities. Monitors and reports key operational indicators, alerting leadership to potential performance issues. Follows internal audit requirements for system applications. Utilizes and enhances tools to improve financial analytics accuracy and revenue opportunities.
FINANCE ESSENTIAL FUNCTIONS
Supports development of auditing, reporting, and contract modeling tools for rate, fee schedule, and performance analysis. Maintains monthly dashboards, prepares revenue models, and compiles information for profit and loss statements. Reviews contracts, calculates provider bonuses/compensation models, and assists in grant and contract budget proposals. Oversees financial files for grants, contracts, and donor funding, ensuring proper charge allocations. Uses resources efficiently, demonstrating financial stewardship and effective time management.
GROWTH/INNOVATION ESSENTIAL FUNCTIONS
Maintains procedures and SOPs for reconciliation processes. Maintains knowledge of cost accounting, clinical trials management systems, and hospital/physician compensation methodologies, including relevant regulations. Proactively manages personal career development, completing the My Development Plan (MDP).
This description is not exhaustive; additional duties may be assigned. Houston Methodist reserves the right to revise job duties as needed. EDUCATION
Bachelor's degree in finance, accounting, healthcare administration, business administration, or related field. WORK EXPERIENCE
One year of experience in financial, budget, or cost accounting preferred.
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PEOPLE ESSENTIAL FUNCTIONS
Interacts with all levels within the department, other institutional departments, and outside companies to resolve problems/errors or questions regarding basic accounting reconciliation items or financial performance. Communicates effectively and proactively with stakeholders to resolve issues and discrepancies promptly, ensuring accurate understanding of analytics.
SERVICE ESSENTIAL FUNCTIONS
Extracts actual and budget financial data from General Ledger (G/L) or other sources to report and reconcile with leadership, generating accurate and timely reports. Supports department management with the preparation of annual operating and capital budgets, submits invoices, and follows up with industry partners as needed. Prepares journal entries for coordinator efforts and Principal Investigator (PI) oversight as assigned.
QUALITY/SAFETY ESSENTIAL FUNCTIONS
Reviews revenue projections, budget revisions, etc., for physician practices, academic departments, or assigned hospital entities. Monitors and reports key operational indicators, alerting leadership to potential performance issues. Follows internal audit requirements for system applications. Utilizes and enhances tools to improve financial analytics accuracy and revenue opportunities.
FINANCE ESSENTIAL FUNCTIONS
Supports development of auditing, reporting, and contract modeling tools for rate, fee schedule, and performance analysis. Maintains monthly dashboards, prepares revenue models, and compiles information for profit and loss statements. Reviews contracts, calculates provider bonuses/compensation models, and assists in grant and contract budget proposals. Oversees financial files for grants, contracts, and donor funding, ensuring proper charge allocations. Uses resources efficiently, demonstrating financial stewardship and effective time management.
GROWTH/INNOVATION ESSENTIAL FUNCTIONS
Maintains procedures and SOPs for reconciliation processes. Maintains knowledge of cost accounting, clinical trials management systems, and hospital/physician compensation methodologies, including relevant regulations. Proactively manages personal career development, completing the My Development Plan (MDP).
This description is not exhaustive; additional duties may be assigned. Houston Methodist reserves the right to revise job duties as needed. EDUCATION
Bachelor's degree in finance, accounting, healthcare administration, business administration, or related field. WORK EXPERIENCE
One year of experience in financial, budget, or cost accounting preferred.
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