What are the responsibilities and job description for the Financial Analyst position at National Association for Healthcare Quality?
Description
NAHQ is one of the preeminent leaders in healthcare Quality, setting the standard for workforce excellence. NAHQ’s purpose is to elevate the profession and advance the discipline of healthcare Quality & Safety. With innovative products and services designed for healthcare professionals and organizations, we are a mission-driven organization dedicated to improving healthcare outcomes and ensuring a higher quality of care at a sustainable cost. NAHQ is widely recognized and awarded, and it recently announced a strategic alliance with The Joint Commission where they endorsed NAHQ’s healthcare Quality competency framework and certification in healthcare Quality, the CPHQ.
Reporting to the Director of Finance, this newly created position will play a critical role in supporting NAHQ’s financial operations through financial planning, analysis, and reporting. Additional responsibilities include accounts payable, payroll processing, cash management, and process documentation. The ideal candidate is detail-oriented, tech-savvy, collaborative, and has strong financial acumen.
This role is hybrid with 1-2 days/per week in the office (near O’Hare and easily accessible by freeways and the Blue Line) to promote collaboration.
ESSENTIAL FUNCTIONS
- Work cross functionally to develop, consolidate, and analyze financial data (budgeting, forecasting, and variance analysis) supporting financial decision-making.
- Generate detailed monthly financial reports, ensuring data accuracy and completeness.
- Support strategic initiatives with scenario modeling, data-driven recommendations, and risk assessments.
- Conduct comprehensive variance analysis by researching account activity, identifying discrepancies, and processing necessary corrections.
- Collect and analyze financial data, including historical results, market trends, and economic conditions.
- Prepare reports, presentations, and slide decks to communicate financial results, findings, and recommendations.
- Review all accounts payable invoices for appropriate coding, accuracy, and timely processing, prior to payment.
- Monitor cash on hand and report to management bi-monthly.
- Organize and document policies, procedures, and process flows, particularly for financial operations.
- Recommend improvements to internal financial controls and company data retention policies.
- Support audit and third-party related requests by preparing schedules and compiling required documentation.
- Coordinate with the Director to manage existing and new technology products for the finance function.
- Organize and maintain SharePoint folders to ensure accessibility and clarity of finance documentation.
- Process bi-monthly payroll for approximately thirty-five staff.
- Other duties, as assigned.
Requirements
QUALIFICATIONS AND EXPERIENCE
- Education: Bachelor’s degree in finance, Accounting, or a related field. MBA or CPA, preferred.
- A minimum of 3–5 years of professional work experience in Finance.
- Nonprofit reporting experience, preferred.
- Experience with budgeting, forecasting, financial modeling, and analyzing financial statements with a working knowledge of GAAP.
- Proficient in advanced Microsoft Excel functionalities, and comfortable learning and using financial software.
- Comfortable navigating ambiguity and adapting to change.
- Able to prioritize tasks and manage workload effectively in a fast-paced, dynamic environment.
- A strong team player able to effectively collaborate within and across departments to achieve both departmental and organizational goals.
- Excellent interpersonal, verbal, and written communication skills.
- Strong analytical and critical thinking skills.
- Results-oriented, self-starter, deadline-conscious, intellectually curious and has a willingness to learn.
- Commitment to continual process improvement, the spirit of innovation and teamwork
- Adaptability: demonstrate a willingness to be flexible, versatile, and tolerant in a changing work environment while maintaining effectiveness and efficiency with a prioritized workload.
- Behave ethically: understand ethical behavior and business practices and ensure that own behavior and the behavior of others is consistent with these standards and aligns with the values of the organization.
- Professionalism: Good judgment, ability to interact with all levels of staff and vendors, appropriate demeanor and appearance.
Salary : $85,000 - $95,000