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Financial Analyst

UConn Health - Community Network
Connecticut, USA
Full-time
Junior · 2–3 years experience
Onsite
Discovered 4 days ago
excel

Full Job Posting

Qualifications

  • Bachelor’s degree in Accounting or Finance related field required
  • 2-3 years of experience in finance / accounting / analytical field.
  • Excellent verbal and written communications skills. Excellent interpersonal skills with the ability to relate well, communicate effectively, and interact with all levels of management, employees and outsiders.
  • The ability to work independently and meet crucial deadlines.
  • Must have basic computer skills and ability to access internet and other programs applicable to Waterbury Hospital procedures.
  • Advanced computer skills required, particularly in Microsoft Excel.
  • Ability to multitask.
  • Strong analytical and interpretive skills.

Responsibilities

  • Prepare, analyze, and present financial reports, including income statements, balance sheets, and cash flow statements, ensuring accuracy and timeliness.
  • Conduct detailed financial analysis to assess hospital performance, including cost analysis, revenue forecasting, and variance analysis.
  • Prepare and analyze a variety of financial and statistical reports on a daily, weekly, monthly, and quarterly basis.
  • Support the budgeting and forecasting processes, providing insights into revenue projections, expenditure trends, and financial planning.
  • Collaborate with department heads to monitor and manage departmental budgets, ensuring financial targets are met and cost control measures are in place.
  • Analyze patient volume, payer mix, and reimbursement data to support financial planning and decision-making.
  • Assist with the preparation of monthly, quarterly, and annual financial reports for senior management and regulatory authorities.
  • Evaluate hospital financial data in relation to industry standards and benchmarks to ensure financial efficiency and effectiveness.
  • Maintain and improve financial systems and processes, ensuring accurate and reliable data for financial decision-making.
  • Support special projects such as cost-saving initiatives, capital expenditure analysis, and strategic financial planning.
  • Stay updated on healthcare industry financial trends, reimbursement models, and regulatory changes to provide valuable insights to management.
  • Perform all other duties as assigned.

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