Job Summary:

We are seeking a highly skilled and experienced Financial Analyst to join our hospital’s finance team. The ideal candidate should possess an accounting degree and have at least 5 years of relevant experience in financial analysis within the healthcare industry. As a Financial Analyst, you will play a vital role in providing strategic financial insights, budgeting, forecasting, and conducting financial analysis to support the hospital’s financial decision-making processes.

 

Responsibilities:

 

  • Financial Analysis: Conduct in-depth financial analysis of the hospital’s financial performance, including revenue, expenses, profitability, and key performance indicators (KPIs).
  • Budgeting and Forecasting: Collaborate with various departments to develop and monitor annual budgets, as well as assist in creating accurate financial forecasts and projections.
  • Financial Reporting: Prepare comprehensive financial reports and dashboards to present to senior management, highlighting key findings and recommending actionable insights.
  • Cost Control and Efficiency: Identify opportunities for cost reduction and efficiency improvements within the hospital’s operations while maintaining high-quality patient care.
  • Financial Modeling: Develop and maintain financial models to support decision-making related to capital investments, new projects, and other financial initiatives.
  • Revenue Cycle Analysis: Analyze the hospital’s revenue cycle to identify areas for improvement in billing, collections, and reimbursement processes.
  • Compliance and Audit Support: Ensure financial data accuracy and compliance with relevant regulations. Assist in preparing for external audits.
  • Variance Analysis: Monitor and analyze financial performance against budgeted targets, identifying and explaining significant variances.
  • Trend Analysis: Analyze financial trends and market conditions to provide insights into potential opportunities and risks affecting the hospital’s financial position.
  • Financial Planning: Collaborate with the finance team to develop long-term financial plans and strategic initiatives aligned with the hospital’s mission and goals.
  • Decision Support: Provide financial insights and recommendations to support various decision-making processes, such as pricing strategies and service line expansions.
  • Ad-Hoc Projects: Participate in special financial projects and initiatives as assigned by the finance leadership team.

 

Qualifications and Skills:‚Äč

  • Bachelor’s degree in Accounting, Finance, or a related field is required. An advanced degree (e.g., MBA) would be advantageous.
  • At least 5 years of progressive experience in financial analysis, preferably within a healthcare setting, such as a hospital or healthcare system.
  • Strong analytical skills and the ability to work with complex financial data to derive meaningful insights.
  • Proficiency in financial modeling and data analysis tools (e.g., Microsoft Excel, SQL, Tableau, etc.).
  • Solid understanding of healthcare financial operations, reimbursement methodologies, and regulatory compliance.
  • Excellent communication skills with the ability to present financial information clearly and concisely to both financial and non-financial stakeholders.
  • Detail-oriented, self-motivated, and able to manage multiple tasks and deadlines effectively.
  • Familiarity with hospital information systems and financial management software is preferred.
  • Professional certifications such as CPA (Certified Public Accountant) or CFA (Chartered Financial Analyst) would be a plus.

 

Join our dynamic finance team and contribute your financial expertise to ensure our hospital’s continued success in providing exceptional healthcare services to our community.

Submit your resume and copy of certificates to career@almalakihospital.com

 

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