What are the responsibilities and job description for the Senior Financial Analyst position at South Shore Health?
Job Description Summary
The Senior Financial Analyst reports to the Reimbursement Manager. The SFA manages multi-dimensional projects that require collaboration with multiple departments. Responsible for providing departmental, divisional and hospital wide financial, cost and statistical analysis to make informed operational and financial decisions.
Job Description
Key Responsibilities:
Monthly/Annual responsibilities include but are not limited to,
Monthly Analysis of Hospital performance to budget for revenue, volume and reimbursement
Preparation of Monthly Revenue Entries (PB &HB) & Balance Sheet Reserves
Reconciliation of Third-Party Payer Liabilities
Annual preparation of hospital NPSR budget
Assist with Cost Report Preparation
Assist in Year End Audit
Other duties as assigned
Job Requirements:
Bachelor's degree in Accounting, Finance or Business Administration or equivalent preferred
Minimum Work Experience
Three to five (3–5) years' experience in hospital reimbursement, with thorough knowledge of hospital operations
Knowledge, Skills and Abilities:
Strong experience with financial and data analysis
- Knowledge of third-party payer liabilities
Strong skills in Microsoft and other database tools
Strong knowledge of cost accounting, variance analysis, inferential statistics and other methods of quantitative analysis
Skilled at interpreting data and presenting material in an innovative format. Ability to understand and apply process improvement techniques to existing and new processes
Requires a high level of creativity and motivation to develop new programs, strategies and approaches to problems
Ability to independently prioritize work appropriately and to manage multiple projects simultaneously
Strong interpersonal, communication and presentation skills, both written and verbal
Must demonstrate exceptional judgment, discretion and ability to communicate effectively with a wide range of departments, clinical staff, and individuals at all levels both within and outside the institution