Financial Planning Analyst

MedStar Health
United States, Maryland, Columbia
5565 Sterrett Place (Show on map)
Nov 21, 2024
General Summary of Position The Financial Planning Analyst supports the development of long-range financial plans and budgets as directed by the Manager, Financial Planning & Analysis and AVP, Financial Planning & Analysis in coordination with local Chief Financial Officers and Finance Business Partners. Prepares financial plans in a manner consistent with systemwide standards based on historical trends, growth projections and inflationary assumptions. Prepares analysis of monthly financial results to ensure accuracy and prepares analysis to support major variances. Collaborates with local Chief Financial Officers and Finance Business Partners to document operational drivers of variances and to identify trends and opportunities for improvement. The ideal candidate will have strong financial modeling and analytical skills and an understanding of accounting practices. Primary Duties and Responsibilities Participates as a highly-engaged team member in support of departmental goals and initiatives. Prepares the annual operating budget, including but not limited to direct data entry of baseline budget submission, collaboration with local finance resources to refine submissions and ongoing adjustment and validation of budgets. Prepares annual long-range financial plan through analysis and assessment of historical results, incorporation of inflationary and growth assumptions, incorporation of system and local initiatives including capital project returns and collaboration with local finance business partners for refinement and alignment with systemwide objectives. Performs variance analysis as a part of monthly, quarterly and annual financial close cycles. Collaborates with local finance business partners to understand business results, document results and support routine action planning as needed. In cooperation with the Manager, Financial Planning & Analysis and AVP, Financial Planning and Analysis, coordinates all budgeting responsibilities including training sessions and completion of accurate budgets that meet required deadlines. Identifies accounting or financial performance issues uncovered in the performance of duties and escalates for action planning. Maximizes the use of existing technology to meet organizational needs. Recommends technology changes to improve speed and reliability. Exemplifies SPIRIT Values and sets an example for staff. The above responsibilities are a general description of the level and nature of the work assigned to this classification and is not to be considered as all-inclusive. Minimum Qualifications Education Bachelor's degree From an accredited university in Accounting, Finance, Business Administration or related field required and Master's degree MBA, MHS or other graduate degree with a health care concentration preferred Experience 1-2 years In financial analysis, budgeting, and forecasting required and Experience in collecting and analyzing healthcare data (cost accounting, budget, decision support, productivity, etc.), including financial and management analysis leading to quality improvement preferred Licenses and Certifications Certified Public Accountant (CPA) preferred Knowledge, Skills, and Abilities Knowledge of Excel, Access, PowerPoint, Microsoft Outlook, Tableau, Hyperion, and PeopleSoft preferred Financial modeling and presentation skills, capable of influencing senior management and stakeholders Familiarity with advanced financial reporting tools and data visualization software Ability to identify opportunities for process improvements Ability to lead and mentor junior analysts and finance team members This position has a hiring range of $63,793 - $113,318