Within the Stead Family Department of Pediatrics, assist with Operating Budget development, submission and implementation. Oversee monthly accounting, workflow, reporting, variance analysis and reconciliation processes. Perform financial analysis and develop proforma for business and strategic initiatives.
This position is eligible for remote work within Iowa and will require a work arrangement form to be completed upon the start of your employment. Per policy, work arrangements will be reviewed annually and must comply with the remote work program and related policies and employee travel policy when working at a remote location.
Financial Oversight, Reporting & Analysis
Incentive Plan Administration
- Create, validate, and disseminate incentive plan reports.
- Track RVUs across providers.
- Calculate and track penalties including Charge Lag, Documentation Deficiency, Bumped Clinic, Compliance, and DRG (CDI) Queries.
Reporting & Financial Tracking
- Update the monthly faculty funding report.
- Respond to ad hoc report requests from providers and executive leadership.
- Assist the Finance Manager with annual budget preparation and salary posting.
- Complete required reconciliations and reporting activities in accordance with established procedures.
- Assess variance reports on revenue, expense, and other statistical measures. Prepare highly specialized reports as requested.
Financial Analysis and Planning
- Perform complex financial, operational, and statistical analyses utilizing financial, clinical, and decision support systems.
- Utilize decision support and data warehouse systems to develop pro formas and business analyses supporting operational and strategic initiatives.
Program Financial Oversight & Reconciliation
- Maintain and update the Formula Orders Spreadsheet, including pricing and documentation accuracy. Serve as the primary contact for PCD/PFS questions related to metabolic formula processes and Charity Care considerations.
- Manage new bill area setup, provider/APP bill area requests, and Allowed Services reviews.
AAAP Survey & Benchmark Administration
- Manage the department's AAAP survey and benchmarking process end-to-end - completing routine and ad-hoc AAAP surveys, downloading and verifying the annual AAAP benchmark data, and analyzing results to inform faculty compensation and departmental benchmarking decisions.
- Refresh the faculty salary setting file against benchmark data.
Data Analytics and Performance Reporting
- Develop, maintain, and analyze operational and financial dashboards and reports utilizing Power BI, Excel, and other reporting tools to support departmental leadership decision-making.
- Generate routine and ad hoc reports to support departmental leadership decision making.
- Track and report key performance indicators, including:
- Revenue and collections
- Work RVUs (wRVUs)
- Patient volumes
- Clinic utilization
- Patient satisfaction metrics
- Access and scheduling indicators
- Inpatient volumes
- Average daily census (ADC)
- Faculty and provider productivity
- Identify trends, risks, and opportunities through data analysis and benchmarking.
- Present findings and recommendations to departmental leadership and committee groups.
Leadership and Training
- Deliver best-practice training to others.
- Recommend and assist in developing training solutions to increase accuracy, efficiency, and effectiveness of financial transactions.
- Advise leadership within the department on appropriate financial controls, transactions, and accounting processes.
- May provide functional and/or administrative supervision (direction, assignments, feedback, coaching, and counseling) to assure outcomes are achieved.
Strategic Planning
- Assist in coordination/preparation of analysis for strategic plans in support of DEO/administrator.
- Support development and preparation of the department business plan.
Educational Requirements
- Bachelor's degree in Finance, Accounting, Business Administration, Healthcare Administration, Data Analytics, Management Information Systems, or an equivalent combination of education and experience.
Experience Requirements
- Minimum of 4 years of progressively responsible experience in finance, accounting, business analysis, healthcare analytics, or a related field.
- Experience preparing and analyzing financial, statistical, and operational reports.
- Demonstrated proficiency with Microsoft Excel, including advanced functions, pivot tables, and data analysis.
- Experience developing reports and dashboards using Power BI or similar business intelligence tools.
- Working knowledge of SQL or similar query languages to extract and manipulate data.
- Strong analytical and problem-solving skills with the ability to identify trends, variances, and opportunities.
- Demonstrated excellent verbal and written communication and interpersonal skills.
Desired Qualifications
- Experience in academic medicine, healthcare finance, physician practice management, or hospital operations.
- Experience using Epic, decision support, data warehouse, and healthcare reporting systems.
- Experience developing and maintaining Power BI dashboards for executive leadership.
- Experience with budgeting, forecasting, reconciliations, and variance analysis.
Position and Application details:
In order to be considered for an interview, applicants must upload the following documents and mark them as a "Relevant File" to the submission:
Job openings are posted for a minimum of 7 calendar days and may be removed from posting and filled any time after the original posting period has ended.
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 additional questions, please contact pedsuichildrenshr@healthcare.uiowa.edu
This position is not eligible for University sponsorship for employment authorization.
Additional Information
- Classification Title: Senior Financial Analyst
- Appointment Type: Professional and Scientific
- Schedule: Full-time
- Work Modality Options: Remote within Iowa
Compensation
Contact Information
- Organization: Healthcare
- Contact Name: Natasha Johnson
- Contact Email: pedsuichildrenshr@healthcare.uiowa.edu