Under minimal supervision, the IS Health System Lead Finance Analyst performs a wide range of advanced financial analysis and complex fiscal management tasks for Information Service/Technology, Quality, and Patient Safety departments and projects. The analyst's duties encompass financial reporting, detailed expense report analysis, budget forecasting and management, ledger reconciliation, short and long-term budget planning, procurement and contract lifecycle management, internal financial control implementation, journal entry preparation, and year-end fiscal closing.

KEY RESPONSIBILITIES:

Financial Reporting:

• Prepare and present detailed financial reports, including variance analysis and forecasting.
• Ensure the accuracy and timeliness of financial statements and other related documentation.
• Use spreadsheets and databases to organize resource information and generate customized reports.

Budget Management:

• Develop and monitor budgets for departments and projects.
• Analyze budget performance and provide recommendations for cost control and efficiency improvements.

Expense Oversight:

• Independently resolve financial discrepancies and forecast potential issues.
• Review and verify the accuracy of invoices received from vendors, ensuring that all invoices comply with the terms of the contract and purchase orders.
• Track and manage departmental and project expenses to stay within budget constraints.

Ledger Reconciliation:

• Perform regular reconciliations of general ledger accounts.
• Identify and resolve discrepancies to maintain accurate financial records.

Procurement and Contract Management:

• Manage procurement processes and lifecycle of contracts.
• Ensure compliance with procurement policies and optimize contract terms.

Financial Controls and Continuous Improvement:

• Implement and monitor internal financial controls to safeguard assets and ensure policy compliance.
• Conduct regular audits to identify and address potential financial risk.
• Identify opportunities to streamline financial processes and enhance operational efficiency.
• Stay updated on industry best practices and implement improvements as needed.

Journal Entries and Closing Processes:

• Prepare and post journal entries as needed.
• Oversee month-end and year-end closing processes, ensuring all financial activities are properly recorded.

Operational Analysis:

• Conduct financial analysis to support operational decision-making.
• Provide insights and recommendations based on data analysis to improve operational efficiency.

Communication:

• Facilitate monthly Director meetings, providing information and reports to support resource allocation decisions.
• Present financial findings and recommendations to management and other stakeholders.
• Communicate directly with the vendor to resolve any discrepancies or issues found.
• Collaborate with various departments and organizations to gather and validate financial data.

Training:

• Provide training to area managers and relevant personnel on accessing and interpreting financial information.
• Assist in cross-training existing team members.

• Seven (7) years of related accounting and/or finance experience, education/training, OR a Bachelor's degree in related area plus three years of related accounting and/or finance experience/training.

• Thorough knowledge of finance policies, practices, and systems.

• Ability to independently gather required information to organize, and perform financial analysis assignments.

• Proven ability to effectively present information verbally and in writing in a clear and concise manner.

• Proven ability using spreadsheet and database software for complex financial analysis, fiscal management, and financial reports.

• Proven interpersonal skills with peers throughout the organization; strong service orientation and critical thinking skills; and attention to detail. Proven ability using organizational skills to multi-task in a high volume environment.

• Ability to adapt to changing priorities.

• Ability to function as a member of a team.

• Experience working in Information Service Dept. for a large organization or healthcare facility.

• Analytical Skills: Strong ability to analyze financial data and detect discrepancies.

• Attention to Detail: High level of accuracy and attention to detail in reviewing invoices and financial documents.

• Communication: Strong verbal, written, and presentation skills for interacting with vendors and internal stakeholders, as well as providing guidance and training to staff.

• Independent and Team Oriented: Capable of working autonomously while also effectively collaborating with various team members stakeholders.

• Technical Proficiency: Proficient in using financial software, spreadsheets, and other data analysis tools.

• Problem-Solving: Capable of identifying issues and developing solutions to resolve discrepancies.

• Knowledge of Financial Principles: Understanding of accounting principles, financial regulations, and company policies related to invoicing.

• Must be able to work various hours and locations based on business needs.

• Employment is subject to a criminal background check and pre-employment physical.