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Summary Michigan Medicine Finance is seeking a financial analyst to join the ambulatory care financial planning and analysis team, which plays a key role in helping leadership make data-driven strategic decisions by evaluating strategic, operational, and financial aspects of the clinical enterprise. As a Financial Analyst, you will join the financial team supporting the ambulatory care operations and will be responsible for a subset of Ambulatory Care Units (e.g. ACUs or clinic operations). The service delivery model will involve routine interactions with ACU leaders, Michigan Medicine leadership, and central finance operations. We are in search of someone who is reliable and has the ability to successfully function with a high degree of autonomy.
In this role, you will maintain knowledge of ACU operations, conduct data analysis, and advise on the financial impact of operational decisions. You will also participate in the improvement of Medical Group operations and meeting future financial and analytical needs.
Is This Job Right for You?
- Want to work in a collaborative environment and experience the value of being part of a strong team
- Are able to function independently, and require minimal day-to-day supervision to deliver projects in a timely and effective manner
- Enjoy working with large sets of data to identify opportunities for management to consider as well as find solutions to known issues
- Have a natural curiosity for investigation of operational performance variances and the ability to translate the analyses into actionable information for decision making at all levels within the organization
Mission Statement
Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.
Who We Are
The aim of Michigan Medicine is to advance health to serve Michigan and the world. With annual revenues of approximately $7.0 billion, Michigan Medicine ranks as one of the top academic health centers in the country, and is committed to providing exceptional patient care, facilitating groundbreaking research, and developing the next generation of physicians and scientists. Michigan Medicine consists of the University of Michigan Hospitals, the University of Michigan Medical School and its Medical Group, Michigan Health Corporation, and affiliated health systems.
Michigan Medicine Finance serves as the central finance group for Michigan Medicine and is comprised of seven functional areas: Medical Group Finance, Clinical Financial Planning & Analysis, Enterprise Financial Reporting & Forecasting, Reimbursement, Medical School Finance, Real Estate, and Financial Systems
Why Join Michigan Medicine?
2:1 match on retirement savings opportunities
Excellent medical, dental and vision coverage effective on your very first day
Flexible spending accounts
Prescription Drug Plan
Mental and emotional health programs
Child Care Resources
Life Insurance
Legal Services Plan
The opportunity for growth and development in the areas of finance and analytics
Flexibility to work in a hybrid environment
Responsibilities*
- Ability to accurately work with complex data sets, synthesize and summarize financial / operational findings effectively, allowing for the identification of key issues, decision-making criteria, and the determination of strategies and plans.
- Work with customers and other stakeholders to identify analytic needs, gather, define, and document requirements, execute analysis, document, and communicate findings back to customers and stakeholders.
- Demonstrate a subject-matter curiosity to obtain details from operational partners regarding proposed business decisions that can be translated into commonly accepted decision support frameworks such as return on investment analysis, net present value analysis, discounted cash flow models or other commonly accepted techniques.
- Design, develop and recommend new approaches, methodologies and tools for data-driven decision-making and planning.
- Participate in multidisciplinary teams evaluating strategic, operational, and financial aspects of the clinical enterprise
- Perform business case analysis, including the creation of financial models and analysis of business trends to support growth opportunities
- Participate in special projects to improve reporting, analysis, and internal processes to achieve productivity improvements and customer service delivery
- Prepare and communicate monthly financial and operational reports/results to departments and stakeholders
- Responsible for the preparation and distribution of non-standard management reports and operation analysis to ensure financial performance and operational decision-making alignment. Identification of reports and analysis that can be produced and distributed more broadly.
- Partner with Business Unit leadership to prepare their detailed annual budget
- Educate business unit management teams on P&L impact of business decisions.
- Point of contact for department customers to facilitate questions and information requests as necessary
- Prepare ad hoc analyses and other duties as assigned
Required Qualifications*
In order to be considered for this position the applicant must have met or will have met all the required qualifications prior to the start date of employment.
A Bachelor’s degree or higher, preferably in Business, Economics, Finance, Health Administration, or a related field
Senior: 5 – 8 years of professional experience
Problem solving and analytical thinking capabilities
Financial systems acumen, including considerable experience with MS Excel (Pivot tables, VLookups, etc.)
Ability to assess competing priorities, manage workflow, and meet operational deadlines
Desired Qualifications*
What will make you stand out?
PeopleSoft / Oracle / Hyperion experience
Experience with data base query tools (Data warehouse, tableau, etc.)
Ability to translate analyses into actionable information for decision making at all levels within the Health System
Strong communication skills – both oral and written. Ability to analyze large amounts of complex information to present simple and concise material to the appropriate audience
Experience in a healthcare, higher education and/or academic medical center setting
NOTE: Please include a cover letter that addresses how your experience meets the job requirements.
In order to transmit the cover letter, it should be included as a page of your resume.
Background Screening
Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.
Application Deadline
Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.
