The University of Iowa
Service Line Senior Financial Analyst
The University of Iowa, Iowa City, Iowa, United States, 52245
Overview
The
Senior Service Line Financial Analyst
is responsible for financial planning, performance monitoring, and strategic support for defined clinical service lines at UI Health Care. This role will collaborate directly with clinical and executive leadership to present service line financials, support proforma development for new and existing programs, and contribute to enterprise-wide decision-making. Using Strata Decision Technology, the analyst will present periodic profit and loss statements to clinical teams, clearly highlighting no more than three key financial strengths and three opportunities for improvement. The analyst will actively engage in monthly meetings with service line executive leadership and conduct quarterly on-site rounding to maintain a deep understanding of operational activities. Position Responsibilities
Financial Oversight and Budgeting
Partner with clinical leadership to develop annual goals aligned with service line strategic goals. Forecast and monitor performance for each assigned service line. Identify key revenue and cost drivers and make recommendations for adjustments based on trends. Develop and present comprehensive quarterly P&L statements using Strata. Analyze and report on volume, charge, revenue, and margin trends, by payer and service. Ensure consistent and accurate reporting of provider productivity and service line performance. Combine physician and hospital data to support enterprise-level decision-making. Tailor reporting for varied audiences, including physicians, administrators, and senior leadership.
Financial Analysis and Planning
Conduct service line profitability analysis and identify drivers of variation. Utilize Strata continuous improvement module to identify operational efficiencies. Support scenario planning and business case modeling for new initiatives or changes in care delivery. Develop proformas for new clinical programs, APP/faculty recruitment, and capital or resource investments. Collaborate with the Strategy Team to validate clinical demand projections for growth opportunities. Respond to ad hoc analytic requests related to service line operations, financial performance, and business development. Partner with operational and clinical leaders to set and track annual financial and performance goals aligned with UI Health Care’s institutional strategies.
Compliance with Policies, Regulations, and Laws, and Operational Oversight
Ensure alignment of reporting practices with internal policy and external regulations. Contribute to the implementation of financial best practices within service lines. Assist with the preparation of data for external submissions or audits when required.
Transaction Processing
Review and validate financial entries and charge structures as needed for accuracy and completeness. Collaborate with operational teams to understand and explain variances driven by transaction trends.
Leadership and Training
Lead recurring periodic meetings with executive teams to review financial performance and projections. Conduct quarterly rounding within service areas to foster relationships and gain insights into operations. Educate clinical and administrative partners on financial drivers and KPIs. Present complex data in a meaningful and actionable format for leadership. Recommend process and data enhancements based on emerging healthcare finance trends.
Accounting
Use methods, processes, and tools for maintaining and preparing financial statements and reports. Applies cost accounting principles using Strata to support accurate service line reporting and margin analysis. Read, interpret, and draw accurate conclusions from financial and numerical material. Evaluates service line performance, supports strategic decisions with data-driven insights, and responds to ad hoc analytic needs. Use processes, methods, and tools for creating and maintaining accurate and thorough financial reports. Develops and delivers detailed and executive-level reporting using Strata, including P&Ls, KPIs, and productivity dashboards.
Decision Making and Critical Thinking
Use data-driven insights to inform financial strategies and operational improvements. Evaluate financial risks and benefits of proposed initiatives. Apply analytical techniques to complex financial scenarios.
Financial Forecasting and Modeling
Apply forecasting models to hospital and physician financial performance. Identify and resolve common financial forecasting challenges. Use Strata Decision Support tools for scenario modeling and cost forecasting.
Required Qualifications
Bachelor's degree in accounting, finance, health science, computer science, math, business, or a related field, or an equivalent combination of experience and education is required. 3 years of related experience in financial analysis. Experience creating and presenting financial reports to a broad audience. Demonstrated ability to work collaboratively and communicate financial concepts clearly. Experience with cost accounting systems, such as Strata. Familiarity with Excel or financial analysis tools. Excellent verbal and written communication skills. Experience supporting clinical service lines or physician practices. Experience with provider compensation, KPI reporting, or recruitment proforma development. Understanding of CPT-4 and ICD-10 coding. Knowledge of EPIC, Power BI, or Tableau. Knowledge of UI and UI Health Care policies and procedures. Application Process
To be considered, applicants must upload
a cover letter and resume
(under the submission of relevant materials) that clearly address how they meet the listed required and desired qualifications of this position. Job openings are posted for a minimum of 7 calendar days. Successful candidates will be required to self-disclose any conviction history and will be subject to a criminal background check and credential/education verification. Up to 5 professional references will be requested at a later step in the recruitment process. For questions, contact Sharon Walther at sharon-walther@uiowa.edu. This position is not eligible for University sponsorship for employment authorization now or in the future. Additional Information
Appointment Type: Professional and Scientific Schedule: Full-time Compensation Contact Information Contact Name: Sharon Walther Contact Email: sharon-walther@uiowa.edu Equal Opportunity Employer
The University of Iowa is an equal opportunity employer. All qualified applicants are encouraged to apply and will receive consideration for employment free from discrimination on the basis of race, creed, color, religion, national origin, age, sex, pregnancy (including childbirth and related conditions), disability, genetic information, status as a U.S. veteran, service in the U.S. military, sexual orientation, or associational preferences. Persons with disabilities who need assistance or accommodations with the application or interview process may contact University Human Resources/Faculty and Staff Disability Services, (319) 335-2660 or fsds@uiowa.edu. For jobs in UI Health care, please contact UI Health care Leave & Disability Administration at 319-356-7543. My Profile
Create and manage profiles for future opportunities. Contact us to learn more about how to qualify for Veteran's Preference.
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The
Senior Service Line Financial Analyst
is responsible for financial planning, performance monitoring, and strategic support for defined clinical service lines at UI Health Care. This role will collaborate directly with clinical and executive leadership to present service line financials, support proforma development for new and existing programs, and contribute to enterprise-wide decision-making. Using Strata Decision Technology, the analyst will present periodic profit and loss statements to clinical teams, clearly highlighting no more than three key financial strengths and three opportunities for improvement. The analyst will actively engage in monthly meetings with service line executive leadership and conduct quarterly on-site rounding to maintain a deep understanding of operational activities. Position Responsibilities
Financial Oversight and Budgeting
Partner with clinical leadership to develop annual goals aligned with service line strategic goals. Forecast and monitor performance for each assigned service line. Identify key revenue and cost drivers and make recommendations for adjustments based on trends. Develop and present comprehensive quarterly P&L statements using Strata. Analyze and report on volume, charge, revenue, and margin trends, by payer and service. Ensure consistent and accurate reporting of provider productivity and service line performance. Combine physician and hospital data to support enterprise-level decision-making. Tailor reporting for varied audiences, including physicians, administrators, and senior leadership.
Financial Analysis and Planning
Conduct service line profitability analysis and identify drivers of variation. Utilize Strata continuous improvement module to identify operational efficiencies. Support scenario planning and business case modeling for new initiatives or changes in care delivery. Develop proformas for new clinical programs, APP/faculty recruitment, and capital or resource investments. Collaborate with the Strategy Team to validate clinical demand projections for growth opportunities. Respond to ad hoc analytic requests related to service line operations, financial performance, and business development. Partner with operational and clinical leaders to set and track annual financial and performance goals aligned with UI Health Care’s institutional strategies.
Compliance with Policies, Regulations, and Laws, and Operational Oversight
Ensure alignment of reporting practices with internal policy and external regulations. Contribute to the implementation of financial best practices within service lines. Assist with the preparation of data for external submissions or audits when required.
Transaction Processing
Review and validate financial entries and charge structures as needed for accuracy and completeness. Collaborate with operational teams to understand and explain variances driven by transaction trends.
Leadership and Training
Lead recurring periodic meetings with executive teams to review financial performance and projections. Conduct quarterly rounding within service areas to foster relationships and gain insights into operations. Educate clinical and administrative partners on financial drivers and KPIs. Present complex data in a meaningful and actionable format for leadership. Recommend process and data enhancements based on emerging healthcare finance trends.
Accounting
Use methods, processes, and tools for maintaining and preparing financial statements and reports. Applies cost accounting principles using Strata to support accurate service line reporting and margin analysis. Read, interpret, and draw accurate conclusions from financial and numerical material. Evaluates service line performance, supports strategic decisions with data-driven insights, and responds to ad hoc analytic needs. Use processes, methods, and tools for creating and maintaining accurate and thorough financial reports. Develops and delivers detailed and executive-level reporting using Strata, including P&Ls, KPIs, and productivity dashboards.
Decision Making and Critical Thinking
Use data-driven insights to inform financial strategies and operational improvements. Evaluate financial risks and benefits of proposed initiatives. Apply analytical techniques to complex financial scenarios.
Financial Forecasting and Modeling
Apply forecasting models to hospital and physician financial performance. Identify and resolve common financial forecasting challenges. Use Strata Decision Support tools for scenario modeling and cost forecasting.
Required Qualifications
Bachelor's degree in accounting, finance, health science, computer science, math, business, or a related field, or an equivalent combination of experience and education is required. 3 years of related experience in financial analysis. Experience creating and presenting financial reports to a broad audience. Demonstrated ability to work collaboratively and communicate financial concepts clearly. Experience with cost accounting systems, such as Strata. Familiarity with Excel or financial analysis tools. Excellent verbal and written communication skills. Experience supporting clinical service lines or physician practices. Experience with provider compensation, KPI reporting, or recruitment proforma development. Understanding of CPT-4 and ICD-10 coding. Knowledge of EPIC, Power BI, or Tableau. Knowledge of UI and UI Health Care policies and procedures. Application Process
To be considered, applicants must upload
a cover letter and resume
(under the submission of relevant materials) that clearly address how they meet the listed required and desired qualifications of this position. Job openings are posted for a minimum of 7 calendar days. Successful candidates will be required to self-disclose any conviction history and will be subject to a criminal background check and credential/education verification. Up to 5 professional references will be requested at a later step in the recruitment process. For questions, contact Sharon Walther at sharon-walther@uiowa.edu. This position is not eligible for University sponsorship for employment authorization now or in the future. Additional Information
Appointment Type: Professional and Scientific Schedule: Full-time Compensation Contact Information Contact Name: Sharon Walther Contact Email: sharon-walther@uiowa.edu Equal Opportunity Employer
The University of Iowa is an equal opportunity employer. All qualified applicants are encouraged to apply and will receive consideration for employment free from discrimination on the basis of race, creed, color, religion, national origin, age, sex, pregnancy (including childbirth and related conditions), disability, genetic information, status as a U.S. veteran, service in the U.S. military, sexual orientation, or associational preferences. Persons with disabilities who need assistance or accommodations with the application or interview process may contact University Human Resources/Faculty and Staff Disability Services, (319) 335-2660 or fsds@uiowa.edu. For jobs in UI Health care, please contact UI Health care Leave & Disability Administration at 319-356-7543. My Profile
Create and manage profiles for future opportunities. Contact us to learn more about how to qualify for Veteran's Preference.
#J-18808-Ljbffr