What are the responsibilities and job description for the Lead Financial Analyst position at Houston Methodist?

FLSA STATUS
Exempt

QUALIFICATIONS

EDUCATION

Bachelor’s Degree in finance, accounting, healthcare administration, business administration or related field

EXPERIENCE

Four years of financial, budget or cost accounting analysis experience is required; experience in a healthcare environment preferred

LICENSES AND CERTIFICATIONS
Preferred

SKILLS AND ABILITIES

Demonstrates the skills and competencies necessary to safely perform the assigned job, determined through on-going skills, competency assessments, and performance evaluations
Sufficient proficiency in speaking, reading, and writing the English language necessary to perform the essential functions of this job, especially with regard to activities impacting patient or employee safety or security
Ability to effectively communicate with patients, physicians, family members and co-workers in a manner consistent with a customer service focus and application of positive language principles
Advanced analytical thinking and creative problem solving and ability to define a variety of approaches to business problems
Advanced knowledge of business process analysis, system requirements, data modeling and functional design
Strong project management skills
Strong statistical analysis and data reductions skills
Proactively manages own career development. Completes My Development Plan (MDP)
If assigned to Hospital: Familiarity with hospital patient data bases and relationship to other financial and non-financial systems preferred

ESSENTIAL FUNCTIONS

PEOPLE ESSENTIAL FUNCTIONS

Serves as the team lead for designated finance department matters. Assists department management with staff requirements. Role-models skills, through peer-to-peer accountability, to optimize improvement of department score for turnover/retention/employee engagement. Serves as a role model and mentor to more junior team members. Supports training and onboarding of new team members.
Serves as subject matter expert for the assigned entity(s) (Hospital, Physician Organization, Research Institute, Academic Institute, HM Foundation, MOB, for Clinical and Financial reporting systems.
Interacts with all levels within the department, other institutional departments, and across the organization as well as outside companies to resolve problems/errors or questions regarding basic accounting reconciliation items or financial performance in a timely manner.

SERVICE ESSENTIAL FUNCTIONS

Assists department management/administrator, faculty members or department, hospital leadership and entity leadership in managing the departmental budget.
Extracts actual and budget financial accounting General Ledger (G/L) data or financial data from appropriate sources to report and reconcile with appropriate leadership. Generates timely reports.

QUALITY/SAFETY ESSENTIAL FUNCTIONS

Uses and optimizes information systems to enhance operations: supports entity-specific performance improvement and data management analysis functions.
Follows all internal audit requirements for appropriate system applications.
Ensures accuracy and appropriateness of financial reporting. Creates ad-hoc reports and financial projections.

FINANCE ESSENTIAL FUNCTIONS

Performs one or more of the following:
Supports and develops auditing, reporting, and contract modeling tools as needed for identification and analysis of rate and/or fee schedule auditing, financial performance, and contract performance as well as modeling and analysis of potential opportunities.
Maintains monthly dashboard of key indicators and external benchmarks as defined by management.
Prepares and maintains revenue models. Compiles information needed for organization's profit and loss statement as required. Reviews contracts, calculates provider productivity bonuses/compensation models as appropriate.
Assists in preparation of gift, grant, and contract budget proposals as needed. Assists in the oversight of the department’s

GROWTH/INNOVATION ESSENTIAL FUNCTIONS

Identifies and recommends opportunities to employ new or enhanced functionality in support of continued process/performance improvement.
Participates in the development and implementation of new procedures and the review and revision of existing procedures. Identifies training and coaching opportunities for staff.

SUPPLEMENTAL REQUIREMENTS

WORK ATTIRE

ON-CALL*

*Note that employees may be required to be on-call during emergencies (ie. Disaster, Severe Weather Events, etc) regardless of selection below.

TRAVEL**

**Travel specifications may vary by department**

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