Western Michigan University Homer Stryker M.D. School of Medicine (WMed) is seeking a Senior Financial Analyst. Responsible for performing a broad range of planning and analysis for WMed and affiliated companies. Monitors actual results of financial data against plans and budgets, determines trends, and explains financial results. Prepares detailed reports and presentations for review by all levels of management. Also, provides moderately complex financial analyses and reports as needed. Analyzes financial data by collecting, monitoring, and creating budgets and benchmarks, determines trends and helps to explain results. Provides oversight and coordination of operating reports and statutory filings for assigned functional areas. Leads and manages projects and continuous improvement efforts as defined by Administration, using standard approach (define, plan, implement, and monitor). This position requires a high level of integrity as it deals closely with confidential information.
Provide timely, relevant and accurate reporting & analysis of the results of the organization’s performance against historical, budgeted, and strategic planning results to facilitate decision-making toward the achievement of the budget and strategic plan.
Analyze data to ensure proper accounting procedures have been followed. Investigate and report inconsistencies or improprieties.
Analyze financial data by collecting, monitoring, identifying trends, and creating financial models to share and recommend actions to administration.
Maintain controls to assure the integrity of financial data and compliance with GAAP which may include:
Develop sound revenue cycle analysis and reporting; track metrics related to the patient engagement cycle. Responsible for updating and maintaining the Charge Master/Fee schedules and propose process improvements related to reimbursement methodologies.
Participate in compensation management by providing financial and analytical support for the compensation accounting processes. Respond to ad-hoc projects related to compensation program.
Prepare and analyze account reconciliations and analysis promptly for assigned functional areas.
Prepare monthly balance sheet, income statement and changes in financial position/budget variance analysis for assigned functional areas.
Recommend actions by analyzing and interpreting data and making comparative analyses.
Maintain and develop various financial models for use by the organization during the planning processes, ensuring quality, accuracy and focused analytic review.
Assist with the annual budgeting process.
Prepare financial reports, charts, tables and other exhibits as requested
Demonstrate appropriate understanding / working knowledge of accounting principles and internal controls, and apply them.
Identify non-value added processes within the department and seeks solutions.
Responsible for performing special projects to improve process efficiency and performance.
Availability to work on weekends and evenings to complete time sensitive or seasonal projects.
Availability for occasional overnight/out-of-town travel.
Acquires knowledge for new technology and policy/procedure revisions.
All other duties as assigned.
Bachelor’s degree in Finance, Accounting, Healthcare Administration, Business, or a related field required.
A minimum of three (3) years’ experience analyzing healthcare or equivalent data and a minimum of four (4) years’ experience analyzing quantitative or financial compensation data preferred.
Thorough understanding of Generally Accepted Accounting Principles (GAAP).
Five years’ experience in accounting with financial emphasis highly desirable.
Requires strong database management, analytical, and reporting skills.
Requires high level of proficiency in ERP systems, data mining systems, Excel, and Microsoft Word, Microsoft Power BI, and related office productivity tools.
Ability to manage multiple priorities and deliver timely results.
High level of communication skills to effectively interact with executive level management, physicians, faculty, and employees.
Ability to plan, implement, and administer financial information and control systems.
Knowledge of the principles, processes, and standards for integrated financial analysis and reporting.
Demonstrates effective verbal and written communication that is clear, well-organized, and demonstrates an understanding of audience needs.
About Western Michigan University Homer Stryker M.D. School of Medicine
About Western Michigan University Homer Stryker M.D. School of Medicine (WMed)
As one of the newer US medical schools, WMed is an exciting environment to pursue an academic career. The medical school is a collaboration of Western Michigan University and Kalamazoo's two teaching hospitals, Ascension Borgess Health and Bronson Healthcare. The medical school is a private 501(c)(3) nonprofit corporation supported by private gifts, clinical revenues, research activities, tuition, and endowment income. WMed is fully accredited by the Liaison Committee on Medical Education (LCME) and also by the Higher Learning Commission (HLC). The inaugural medical student class graduated in 2018 after completing an innovative, patient-centered four-year curriculum that prepares them to be exceptional clinicians, leaders, educators, advocates, and researchers of tomorrow. There are more than 200 residents and fellows in ten residencies and three fellowships accredited by the Accreditation Council for Graduate Medical Education (ACGME). WMed has Joint Accreditation for interprofessional continuing education, which incorporates accreditation by the Accreditation Council for Continuing Medical Education (...ACCME). The School of Medicine Clinics are housed in a modern 60,000 square foot clinical building on the Oakland Drive Campus and are accredited by The Joint Commission with recognition by the National Committee for Quality Assurance (NCQA) as a Patient-Centered Medical Home. The 350,000 square foot educational building on the W.E. Upjohn M.D. Campus located in downtown Kalamazoo underwent a $78 million renovation and expansion project including two laboratory research floors and a state-of-the-art Simulation Center that is accredited by the Society for Simulation in Healthcare. The Innovation Center on the Parkview Campus is a life science, technology, and engineering incubator serving the earliest startups to maturing companies with laboratory, office and conference space, access to core scientific equipment and expertise, and a wide range of support services.
Kalamazoo is a wonderful and vibrant city, located midway between Chicago and Detroit. It is a short distance from Lake Michigan, and home to two nationally ranked institutions of higher learning, Western Michigan University and Kalamazoo College. Kalamazoo is known for its community focus and emphasis on access to quality education at all levels. The Kalamazoo Promise is a nationally renowned program in which graduates of Kalamazoo Public Schools receive free tuition to attend public and private colleges in Michigan. Kalamazoo and Michigan provide extensive entertainment and recreational activities, including opportunities to enjoy the outdoors, unique restaurants and shops, and a strong culture supporting the arts.
Western Michigan University Homer Stryker M.D. School of Medicine is an Equal Employment Opportunity/Affirmative Action employer of females, minorities, individuals with disabilities, and protected veterans, and actively strives to increase diversity within its community. We provide a drug- and tobacco-free workplace.
EEO Minorities/Women/Disabled/Protected Veterans.