Financial Analyst 3 (H) at University of Miami, Miami, FL
Financial Analyst 3 (H) at University of Miami in Miami, FL. Full-time. Est. up to $130k. Apply with swipeandhired.
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CORE JOB SUMMARY
The Financial Analyst 3 examines financial status of the organization by collecting, monitoring, and studying data, and develops projections, reports, and presentations to assist senior managing staff in their financial decision-making process. Moreover, the incumbent establishes and enforces policies and procedures that further department’s financial goals and objectives.
CORE JOB FUNCTIONS
- Develops, prepares and coordinates documentation of financial analysis projects such as budgets, forecasts, projections, expense performance, and presentations.
- Identifies trends and developments in competitive environments and makes recommendations to senior management.
- Provides analytical evaluation for forward-looking financial or business-related projects.
- Devises financial forecasting and reconciliation of accounts.
- Reviews reports and ensures that financial information has been recorded accurately.
- Compares results with plans and forecasts and makes recommendations for adjustments.
- Trains and oversees junior staff members to ensure accuracy and efficiency in end work product.
- Assists in the development and organization of department and project budgets.
- Designs and builds various models that summarize several different scenarios around growth and expansioninitiatives or opportunities.
- Develops performance and productivity dashboards, models or analyses.
- Determines profitability and pricing on product offerings and develops performance indicators to enable theanalysis of business segments and new product lines.
- Conducts research on different strategic initiatives.
- Acts as liaison to other departments, vendors, and other external parties to complete assignments.
- Adheres to University and unit-level policies and procedures and safeguards University assets.
This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as necessary.
CORE QUALIFICATIONS
Education:
Bachelor’s degree in relevant field required
Certification and Licensing:
Not Applicable
Experience:
Minimum 5 years of relevant experience required
Knowledge, Skills and Attitudes:
- Skill in collecting, organizing, and analyzing data.
- Ability to recognize, analyze, and solve a variety of problems.
- Ability to exercise sound judgment in making critical decisions.
DEPARTMENT SPECIFIC JOB FUNCTIONS
- Provides comprehensive financial analysis and management reporting to departmental leadership, including budget monitoring, financial projections, expense performance, variance analysis, and recommendations to support informed decision-making.
- Coordinates departmental operating budget activities, including annual budget development, amendments, monthly financial reconciliations, forecasting, month-end closing activities, and identification of deviations from established financial targets.
- Performs departmental revenue cycle reconciliations, including review of professional charges, collections, adjustments, denials, outstanding accounts receivable, and reimbursement trends. Investigates discrepancies and coordinates resolution with institutional revenue cycle partners.
- Reviews CPT coding and charge capture data to identify missing or potentially inaccurate charges, documentation discrepancies, potential revenue leakage, and reimbursement variances. Collaborates with physicians, certified coding professionals, and billing teams to facilitate appropriate review and correction.
- Reconciles clinical encounters, procedural activity, physician documentation, and billing data to monitor charge capture completeness, accuracy, and timeliness across departmental practice locations.
- Develops and maintains physician productivity reports incorporating clinical encounters, procedural volumes, charges, collections, and other relevant financial and operational performance indicators.
- Develops financial and operational dashboards to monitor departmental performance, including encounter trends, procedural volumes, physician productivity, revenue cycle indicators, clinical utilization, and operational efficiency.
- Performs financial feasibility studies, cost-benefit analyses, and return-on-investment assessments to support new clinical programs, equipment acquisitions, service-line expansion, and departmental strategic initiatives.
- Analyzes physician staffing, clinical capacity, recruitment needs, and locum tenens utilization, including associated costs, productivity, and financial implications.
- Prepares and reconciles financial and operational reports associated with departmental affiliation agreements, including Jackson Health System, incorporating physician charges, collections, clinical schedules, productivity, and financial forecasts.
- Collaborates with HII, institutional finance, and revenue cycle partners to reconcile physician financial activity, investigate discrepancies, and ensure accurate departmental revenue reporting.
- Processes and reconciles departmental financial transactions through Workday, including journal entries, purchase requisitions, purchase orders, invoice payments, expense reports, payroll costing allocations, payroll accounting adjustments, and other authorized transactions, ensuring compliance with University policies.
- Prepares and maintains departmental quality, compliance, and physician activity reports, including open encounters, radiology report completion, turnaround times, credentialing case logs, and biannual Ongoing Professional Practice Evaluation (OPPE) reporting. Monitors unassigned reports and coordinates follow-up with appropriate personnel.
- Maintains, reconciles, and validates financial and operational databases and reporting systems to ensure data accuracy, consistency, completeness, and integrity.
- Identifies and implements opportunities to improve financial reporting, revenue cycle reconciliation, operational workflows, data validation, and process efficiency through standardization and automation.
- Collaborates with departmental leadership, faculty, clinical operations, institutional finance, revenue cycle, and other stakeholders to resolve financial and operational issues, prepare special analyses, and support departmental initiatives.
- Performs other related duties as assigned, consistent with the responsibilities and qualifications of the position.
This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as necessary.
DEPARTMENT PREFERRED QUALIFICATIONS
Education:
Bachelor’s degree in relevant field required
Experience:
- Experience in financial analysis, budgeting, forecasting, and financial reporting within an academic medical center, healthcare system, physician practice, or comparable complex organization.
- Experience with healthcare revenue cycle operations, including professional billing, charge capture, CPT coding review, collections, denials, and revenue reconciliation.
- Working knowledge of physician productivity reporting, clinical encounter analysis, procedural volumes, and healthcare financial performance indicators.
- Experience with Workday financial management functions, including purchasing, journal entries, expense processing, payroll costing allocations, and financial reporting.
- Experience with Epic, including clinical reporting, encounter data, charge capture, or revenue cycle reporting, preferred.
- Experience developing financial and operational dashboards using Power BI, Tableau, or comparable business intelligence tools preferred.
- Experience with financial feasibility studies, cost-benefit analysis, business planning, and return-on-investment assessments.
Knowledge, Skills and Abilities:
- Advanced proficiency in Microsoft Excel, including pivot tables, complex formulas, data reconciliation, financial modeling, and analysis of large datasets.
- Familiarity with physician affiliation agreements, professional services arrangements, and financial reconciliation processes preferred.
- Strong analytical, organizational, and problem-solving skills with exceptional attention to detail, accuracy, and data integrity.
- Demonstrated ability to independently investigate discrepancies, validate financial information, prioritize competing deadlines, and produce accurate, timely work.
- Strong written and verbal communication skills, including the ability to present financial and operational information clearly to departmental leadership and nonfinancial stakeholders.
- Ability to work collaboratively with physicians, administrators, institutional finance, revenue cycle teams, and other healthcare professionals.
- Demonstrated initiative, accountability, adaptability, and commitment to continuous process improvement.
This is a department-specific job description intended to supplement the core job profile. It reflects duties and responsibilities specific to a particular department and may not encompass all tasks assigned to an individual position. The above statements are intended to describe the general nature and primary responsibilities of the role performed within the department. Specific duties and responsibilities may vary based on departmental needs. Other duties may be assigned consistent with the knowledge, skills, and abilities required for the position.
The University of Miami offers competitive salaries and a comprehensive benefits package including medical, dental, tuition remission and more.
UHealth-University of Miami Health System, South Florida's only university-based health system, provides leading-edge patient care powered by the ground breaking research and medical education at the Miller School of Medicine. As an academic medical center, we are proud to serve South Florida, Latin America and the Caribbean. Our physicians represent more than 100 specialties and sub-specialties, and have more than one million patient encounters each year. Our tradition of excellence has earned worldwide recognition for outstanding teaching, research and patient care. We're the challenge you've been looking for.
The University of Miami is an Equal Opportunity Employer. Applicants and employees are protected from discrimination based on certain categories protected by Federal law.
Job Status:
Full time
Employee Type:
Staff