Overview

Fairview Health Services is looking for a driven Senior Finance Analysist to join our Finance team in St Paul, MN. This is a full time - 80 hours every two weeks- benefit eligable position. Some of the benefits we offer at Fairview include medical insurance - as low as $0, dental insurance - also a $0 option, PTO (up to 24 days per year starting), and 403B with up to a 6% employer match; visti fairview.org/benefits/noncontract to learn more.

Responsibilities Job Description

The Senior Finance Analysist – Academic Funds Flow will drive work to support the financial integrity and management of the academic funds flow on behalf of Fairview Health Services (FV) within the Finance Labor team.

The Senior Finance Analyst will be instrumental in ensuring high-integrity processes, including: invoicing, approvals, monitoring adherence to contractual obligations and agreement, and efficient financial performance. Expertise in financial modeling, invoice accrual, financial reconciliation, and stakeholder collaboration will be necessary to support the work. This position will partner closely with key stakeholder groups including: Finance [labor] management, IT & Analytics, FP&A, HR, the Enterprise Project Management Office (EPMO), and Legal, to ensure alignment with organizational objectives and strategies.

• Prepare expense analysis that highlight trends or issues in achieving plan.

• Assist management in the development of operational improvement plans. Monitor, measure and communicate the impact of action plans and improvement initiatives.

• Anticipate reporting and data requirements before they are requested by leaders.

• Partner with select leaders to forecast and plan operating expenses.

• Provide leaders with the tools and insight to meet or exceed plan targets.

• Provide education, training and coaching to leadership on the effective use of financial systems and tools, as well as how to read and interpret financial information and reports.

• Monitor system compliance of key labor and expense metrics to assure the integrity of Fairview’s system of internal control is maintained.

• Use software applications, such as spreadsheets, relational databases, statistical packages, and graphics packages to assemble, manipulate and/or format data and/or reports.

• Supports annual Academic Base Payment Order Design and Implementation:

• Support the design and development process to order clinical services – and support a process to modify and track clinical orders when changes are necessary.

• Utilize advanced financial modeling techniques and data analysis tools to inform the design process, and optimize resource allocation for maximum efficiency.

• Establish streamlined processes and tools for order management, ensuring consistent tracking throughout the year.

• Supports Order Management and Fulfillment Assurance:

• Supports the execution of the care system’s order for clinical services.

• Collaborate closely with clinical stakeholders to address changes promptly and ensures appropriate change mechanisms are in place and followed to ensure consistent order fulfillment.

• Supports Order Reconciliation and Integrity:

• Implement thorough processes for order reconciliation are in place, focused on accuracy and integrity to maintain financial transparency, including detailed and ongoing reviews.

• Proactively identify discrepancies and support resolution efforts.

• Supports [Monthly] Invoice Management and Processing:

• Partners with accounting to manage the process of invoice accrual and allocation, ensuring alignment with contractual terms and organizational guidelines.

• Establish and maintain robust procedures for invoice processing, including clinical, operational, and business leader sign off.

• Investigate possible errors or issues and take corrective actions as appropriate to maintain accuracy and compliance.

• Supports Financial Analysis and Reporting:

• Conduct comprehensive financial analysis to identify trends, variances, and opportunities for cost savings or revenue enhancement.

• Prepare detailed financial reports, forecasts, and analyses for management review and decision-making.

• Provide insights and recommendations based on financial data to support strategic planning and operational improvements.

• Participates in contract management efforts and strategy conversations

• Partners with Service Line Finance to support Budgeting and Forecasting:

• Assist in the development and monitoring of departmental and organizational budgets, ensuring alignment with strategic objectives and financial targets.

• Collaborate with department heads and stakeholders to forecast future financial performance and resource needs.

• Track budget performance against targets and provide regular updates to management.

Qualifications

Required

• Bachelor’s degree in Finance, Accounting, Business, or other related field

• 3-5 years of experience in Finance role

Preferred

• Master’s degree in Finance, Economics, or closely related

• 5+ years’ experience in analyzing financials and business operations and at least 2 years in a healthcare setting

• CFA/CMA/CPA

EEO Statement

EEO/AA Employer/Vet/Disabled: All qualified applicants will receive consideration without regard to any lawfully protected status