IT Financial Analyst

Under general supervision, responsible for:

• Overseeing the complete payment lifecycle of Information Services and Technology invoices from requisition through to invoice processing, ensuring accuracy and timeliness of all transactions.
• Analyzing financial reports and interpreting complex financial and statistical information to provide strategic recommendations to management regarding budgeting decisions and cost optimization opportunities.
• Developing and maintaining detailed financial models, forecasts, and budgets for IT projects and operations, including variance analysis and trend reporting.
• Managing vendor relationships and contracts, including cost analysis, price negotiations, and performance monitoring to ensure optimal value for technology investments.
• Implementing and maintaining financial controls and procedures to ensure compliance with organizational policies and regulatory requirements.
• Creating and delivering monthly, quarterly, and annual financial presentations to stakeholders, highlighting key performance indicators and business insights.
• Collaborating with IT project teams to develop cost estimates, track expenses, and monitor project budgets throughout the project lifecycle.
• Identifying and implementing process improvements to enhance efficiency in financial operations and reporting systems.
• Supporting the annual budget planning process by gathering requirements, analyzing historical data, and preparing detailed cost projections.
• Maintaining and updating financial systems and databases, ensuring data accuracy and integrity while providing technical support to end users.

The University of Maryland Medical System (UMMS) is an academic private health system, focused on delivering compassionate, high quality care and putting discovery and innovation into practice at the bedside. Partnering with the University of Maryland School of Medicine, University of Maryland School of Nursing and University of Maryland, Baltimore who educate the state’s future health care professionals, UMMS is an integrated network of care, delivering 25 percent of all hospital care in urban, suburban and rural communities across the state of Maryland. UMMS puts academic medicine within reach through primary and specialty care delivered at 11 hospitals, including the flagship University of Maryland Medical Center, the System’s anchor institution in downtown Baltimore, as well as through a network of University of Maryland Urgent Care centers and more than 150 other locations in 13 counties. For more information, visit www.umms.org.

Education and Experience

• Bachelor’s degree in Finance, Accounting or a related field or equivalent experience is required. MBA, CPA or Master’s degree in Finance preferred.
• Two years of financial planning, analysis, budgeting or accounting experience is required.
• Healthcare-related finance background is preferred.

Knowledge, Skills and Abilities

• Ability to judge the level of confidentiality of information / activities involved in and exhibit integrity in use of dissemination of such information.
• Demonstrated knowledge of spreadsheets (i.e. Microsoft Excel), word processing programs (i.e., Microsoft Word), graphic/specialty and other finance-related software programs.
• Highly effective verbal and written communication skills are necessary in dealing with a variety of healthcare and finance professionals including senior management staff.
• Proficient organization and problem-solving skills are required to develop/implement efficient work processes.
• Ability to work effectively in a stressful work environment.

All your information will be kept confidential according to EEO guidelines.

  Compensation

• Pay Range: $33.36- $46.7
• Other Compensation (if applicable):
• Review the 2024-2025 UMMS Benefits Guide

Like many employers, UMMS is being targeted by cybercriminals impersonating our recruiters and offering fake job opportunities. We will never ask for banking details, personal identification, or payment via email or text. If you suspect fraud, please contact us at careers@umms.edu.

Salary : $33 - $47