What are the responsibilities and job description for the Financial or Business Analyst Senior/Intermediate position at Michigan Medicine?
Job Summary
The Financial Services Department is seeking an experienced business professional to support the Pharmacy Department. This position reports to the Finance Manager. This position will be instrumental in developing processes, maintaining financial reporting, and creating controls around a growing field in Pharmacy and Finance.
Responsibilities*
Michigan Medicine is one of the largest health care complexes in the world and has been the site of many groundbreaking medical and technological advancements since the opening of the U-M Medical School in 1850. Michigan Medicine is comprised of over 30,000 employees and our vision is to attract, inspire, and develop outstanding people in medicine, sciences, and healthcare to become one of the world's most distinguished academic health systems. In some way, great or small, every person here helps to advance this world-class institution. Work at Michigan Medicine and become a victor for the greater good.
What Benefits can you Look Forward to?
Excellent medical, dental and vision coverage effective on your very first day
2:1 Match on retirement savings
Modes of Work
Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.
Underfill Statement
This position may be underfilled at a lower classification depending on the qualifications of the selected candidate.
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 Reporting 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 any time after the minimum posting period has ended.
U-M EEO Statement
The University of Michigan is an Equal Opportunity Employer. We are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants, including protected veterans and individuals with disabilities.
The Financial Services Department is seeking an experienced business professional to support the Pharmacy Department. This position reports to the Finance Manager. This position will be instrumental in developing processes, maintaining financial reporting, and creating controls around a growing field in Pharmacy and Finance.
Responsibilities*
- Monthly variance analysis of budget to actual financial results
- Month-End Journal entry responsibilities
- Update and create monthly financial reports, including graphs, charts, and other ad hoc reports etc.
- Create annual budget for Inpatient Pharmacy areas and Research Pharmacy
- Monitor activity in the Inpatient drug area, develop and maintain reports as needed
- Interact with CDAs, Segment Leadership, or designated department leads to develop processes and stay up to date on patient population and new drugs on the horizon
- Create workflows tailored to each Inpatient and/or administrative area. These workflows will ensure appropriate controls to monitor financial activity and mitigate losses
- Communicate activity and financial statuses to appropriate areas throughout Michigan Medicine & Pharmacy Leadership
- Scheduled and ad hoc reports for drug level analysis of medication purchases
- Create purchase orders when appropriate
- Recharge Rate analysis for the Research Pharmacy Team
- Backup support for other Financial Analysts in the department that support various Pharmacy areas
- Other analysis and duties as assigned by the Finance Manager.
- Ability to communicate clearly, both verbal and written, to internal and external constituents and apply a high degree of analytical, interpretive, and evaluative skills dealing with complex concepts, projects, etc.
- Solid knowledge, understanding, and experience in business, finance, or accounting
- Must be self-motivated with an ability to work well with teams
- Must have effective organizational skills and flexibility to meet deadlines
- Strong problem-solving abilities, attention to detail, and ability to multitask
- Experience with analyzing and reporting data to identify issues, trends, or exceptions to drive improvement of results and find solutions
- Strong presentation, analytical techniques, and computer skills, including proficiency with MS Office
- Bachelor's degree in a related field
- Intermediate: 2-5 years of experience in finance, accounting, audit, and/or compliance, preferably in a University or Health Care environment
- Senior: 5-8 years of experience in finance, accounting, audit, and/or compliance, preferably in a University or Health Care environment
- Experience with spreadsheet applications and analyzing and reporting data to identify issues, trends, or exceptions to drive improvement of results and find solutions
- Business, Accounting or Finance degree is preferred
- Experience working within Pharmacy is desirable, but not required
- Experience with Mpathways, Hyperion, Finance BI, and Business Objects financial software systems
Michigan Medicine is one of the largest health care complexes in the world and has been the site of many groundbreaking medical and technological advancements since the opening of the U-M Medical School in 1850. Michigan Medicine is comprised of over 30,000 employees and our vision is to attract, inspire, and develop outstanding people in medicine, sciences, and healthcare to become one of the world's most distinguished academic health systems. In some way, great or small, every person here helps to advance this world-class institution. Work at Michigan Medicine and become a victor for the greater good.
What Benefits can you Look Forward to?
Excellent medical, dental and vision coverage effective on your very first day
2:1 Match on retirement savings
Modes of Work
Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.
Underfill Statement
This position may be underfilled at a lower classification depending on the qualifications of the selected candidate.
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 Reporting 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 any time after the minimum posting period has ended.
U-M EEO Statement
The University of Michigan is an Equal Opportunity Employer. We are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants, including protected veterans and individuals with disabilities.