Sr. Financial Analyst - Clinical Finance

NYU Langone Health is a fully integrated health system that consistently achieves the best patient outcomes through a rigorous focus on quality that has resulted in some of the lowest mortality rates in the nation. Vizient Inc. has ranked NYU Langone the No. 1 comprehensive academic medical center in the country for three years in a row, and U.S. News & World Report recently placed nine of its clinical specialties among the top five in the nation. NYU Langone offers a comprehensive range of medical services with one high standard of care across 6 inpatient locations, its Perlmutter Cancer Center, and over 320 outpatient locations in the New York area and Florida. With $14.2 billion in revenue this year, the system also includes two tuition-free medical schools, in Manhattan and on Long Island, and a vast research enterprise with over $1 billion in active awards from the National Institutes of Health.

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Position Summary:
We have an exciting opportunity to join our team as a Sr. Financial Analyst - Clinical Finance.

In this role, the successful candidate as the Sr. Financial Analyst reports to the Manager of Clinical Finance for Tisch/Kimmel, Rusk and LOH Finance Mission within NYU Langone Hospital and will provide Clinical Finance support to the Manager on a day to day basis. The Senior Financial Analyst is responsible for analyses regarding Clinical Finance which includes Financial Reporting, Budgeting, Data Analyzing, Creating Staffing Models and Improving Efficiency / Productivity. In addition the Sr. Financial Analyst will also be responsible in analyzing clinical data for use in developing analytics for clinical customers. The Sr. Financial Analyst should have a good working relationship with the clinical departments to understand their budget assumptions in order to investigate causes of variances, both volume/revenue and expense. Continuous engagement with clinical departments to explore revenue and expense opportunities. The Sr. Financial Analyst will assist with Ad-Hoc requests from the Senior Director and / or Director of Clinical Finance.

Job Responsibilities:

• Utilizes the Cost Accounting to obtain Profit & Loss, Contribution Margin, Payor Rates, Trending and identifying opportunities. This related to both Inpatient and Outpatient population.
• Work with Clinical Departments to create staffing models as well as analyses related to patient volume.
• Utilizes the General Ledger to provide budgetary and actual information using trends and projections.
• Investigate causes of variance with respective departments in order to identify operational and financial opportunities.
• Manages the NYU Hospitals Clinical Capital budget requests to ensure that the requests are aligned to the patient needs while ensuring that the capital budget is fiscally managed.
• Provides a monthly budget performance analytics which includes analyzing causes and reasons of the budget and actual performance for both revenue and expenses.
• Assists in analytics that will include supporting strategic planning - long range forecast assumptions.
• Assists in annual and monthly operating budget planning.
• Review Monthly Budget Reclassifications to ensure sound budgeting and to align the staffing needs with volume trajectory. This includes ROI and detailed justifications to ensure that the Hospitals' Operating Margin is not affected by these requested changes.
• Incorporate new technologies, systems and processes to improve the daily operations of the Department.
• Reviewing and Tracking of Human Capital Management (HCM) Transactions to ensure correlation between volume and staffing levels.
• Interact with Hospital Operations to review monthly volume/expense variances for the root causes.
• Assists with special projects as needed

Minimum Qualifications:
To qualify you must have a Bachelors degree with a major in a business subject (e.g. accounting, finance, economics) and 3-5 years of related experience.
Other minimum qualifications include: excellent oral and written communication skills, analytical skills, problem solving skills, and a comprehensive knowledge all applications within Microsoft Office; specifically with Excel.

Preferred Qualifications:
Master's Degree graduate in business or public administration is preferred.;
Proficient in utilizing Tableau or similar tool; Experience with a not-for-profit, healthcare institution and a cost or general accounting background preferred.

Qualified candidates must be able to effectively communicate with all levels of the organization.

NYU Langone Health provides its staff with far more than just a place to work. Rather, we are an institution you can be proud of, an institution where you'll feel good about devoting your time and your talents.

At NYU Langone Health, we are committed to supporting our workforce and their loved ones with a comprehensive benefits and wellness package. Our offerings provide a robust support system for any stage of life, whether it's developing your career, starting a family, or saving for retirement. The support employees receive goes beyond a standard benefit offering, where employees have access to financial security benefits, a generous time-off program and employee resources groups for peer support. Additionally, all employees have access to our holistic employee wellness program, which focuses on seven key areas of well-being: physical, mental, nutritional, sleep, social, financial, and preventive care. The benefits and wellness package is designed to allow you to focus on what truly matters. Join us and experience the extensive resources and services designed to enhance your overall quality of life for you and your family.

NYU Langone Health is an equal opportunity employer and committed to inclusion in all aspects of recruiting and employment. All qualified individuals are encouraged to apply and will receive consideration. We require applications to be completed online.

View NYU Langone Health's Equal Employment Opportunity (EEO) policy, Know Your Rights: Workplace discrimination is illegal.

NYU Langone Health provides a salary range to comply with the New York state Law on Salary Transparency in Job Advertisements. The salary range for the role is $81,325.15 - $90,000.00 Annually. Actual salaries depend on a variety of factors, including experience, specialty, education, and hospital need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits.

To view the Pay Transparency Notice, please click here