Note: The job is a remote job and is open to candidates in USA. Stanford Medicine Children's Health provides advanced, family-centered pediatric care and supports world-class clinical services. The Financial Analyst III performs complex financial, budget, and fiscal analysis for hospital departments, including workforce planning, forecasting, modeling, budget development, performance monitoring, and executive-level reporting.
Responsibilities
- Continues and improve enterprise workforce planning models, assisting in labor planning, productivity and efficiencies
- Aggregates FTE, productivity, and labor cost data from operating departments into a unified workforce planning model, identifying variances and improvement opportunities for FP&A and operational leadership
- Evaluates position requests for financial and staffing impact, prepares recommendation packages, and partners with HR and operational leaders to ensure requests align with budgeted labor plans and productivity targets
- Advises managers on financial planning, analysis and system development. Support managers by modeling financial impacts
- Assists in the development, implementation and management of financial systems, cost accounting systems and/or financial policies and procedures as appropriate
- Collaborates with auditors and accountants to develop and maintain internal controls for compliance with state and internal audit standards
- Provides information to internal/external auditors and management as requested
- Coordinates and participates in the preparation of various financial reports, business plans and analyses for management
- Develops budget or fiscal reporting formats
- Develops and revises methodologies for forecasting cost and revenues; develops and maintains electronic system to track the deviations between budgeted forecast and actual levels
- Develops or coordinates preparation of budgets, program narratives and finance plans; analyzes financial projections and assists managers in developing budget proposals
- Maintains liaison with operating department managers to advice departments regarding financial results, budget variances, internal controls and related financial matters
- Participates in the design and implementation of budget and financial system improvements
- Uses computer software to model resource scenarios
- Organizes and develops automated financial systems
- Plans, develops, and coordinates the preparation of financial analyses and reports including, but not limited to, operational and capital budgets, financial statements, statistical reports, cost analyses and other financial information for management
- Provides financial information which enables management to make informed long-term and short\u2022term decisions
- Recommends procedures and implements corrective action wherever indicated in operations, areas out of compliance with hospital policy, internal controls and accounting policies, as assigned
- Reviews and/or prepares federal, state and other regulatory reports, ensuring compliance with established guidelines, as assigned
Skills
- Any combination of education and experience that would likely provide the required knowledge, skills and abilities as well as possession of any required licenses or certifications is qualifying
- Bachelor's degree in a work-related field/discipline from an accredited college or university
- Six (6) years of progressively responsible and directly related work experience
- Ability to analyze and develop solutions to complex problems
- Ability to analyze information, reach valid conclusions and make sound recommendation
- Ability to apply judgment and informed decisions
- Ability to apply sound independent judgment in the solution of complex financial problems
- Ability to communicate complex concepts in simple form to non-finance users to understand the appropriate use and limits of the information provided
- Ability to communicate effectively in written and verbal formats including summarizing data, presenting results
- Ability to establish and maintain effective working relationships
- Ability to evaluate business operations to compute affect to budget and funding expenditures
- Ability to manage, organize, prioritize, multi-task and adapt to changing priorities
- Ability to model financial information and forecast data to arrive at conclusions
- Ability to work effectively both as a team player and leader
- Knowledge of computer systems and software used in functional area
- Knowledge of financial forecasting techniques
- Knowledge of local, state and federal regulatory requirement related to the functional area
- Knowledge of principles and practices of budgeting and finance including the analysis and reporting of financial data
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