Job Information
University of Michigan Quality Financial Analyst Intermediate in Ann Arbor, Michigan
Quality Financial Analyst Intermediate
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How to Apply
A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.
Summary
The Financial Analyst Intermediate monitors the financial activity of the ten different divisions of the Quality Department. The analyst reviews monthly statement activity, compares it to budget, prepares reports, and discusses variances with division directors. Working with their manager and the Senior Director of Quality, the analyst assists to prepare the yearly budget for all ten divisions, culminating in a comprehensive all Quality budget. The analyst also ensures Quality?s compliance with all University internal controls requirements.
Ideal candidates for this position will be problem solvers who are skilled in variance analysis and have experience with budgeting and forecasting. Relationship building with division directors and administrative staff, timely payment of invoices, and advanced Excel skills are also key to this position.
Mission Statement
Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.
Why Join Michigan Medicine?
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
Responsibilities*
60% Maintain, monitor and track financial and budgetary performance for the Quality Department
Comprehend and distill issues, providing context, validate assumptions against facts, and analyze and evaluate various courses of action to generate comprehensive solutions
Assist the Senior Director of Quality in the development of the Quality Department budget
Conduct meetings with division directors/managers to review current spending trends
Cost Analysis of current fiscal year
Prepare professional presentation materials to be used internally and externally
Use SmartView and Hyperion financial systems to enter budget information
Develop and maintain financial and operations performance and metric reporting, establishing controls to maintain budget oversight
Develop monthly financial documents reviewing actual vs. budget activities for the Department and for each of ten divisions
Maintain a broad understanding of all major financial issues with the Quality Department
Promote cooperation and effectively manage relationship both within Quality and in representing Quality to other units/departments
Ensure adherence to budget; reporting any variances
Take corrective action when necessary
Analyze financial data, prepare journal entries where necessary and upload into M-Pathways
Track budget variances, providing explanations where necessary
Maintain fiscal year variance approvals received from leadership
Perform monthly detailed reconciliation activities for the Quality Department, across all Quality divisions
Conduct financial modeling, analyze departmental cost centers, spending trends, and explain variances to Senior Director and all Division Directors/Managers
Assist with the management and distribution of Pay for Performance dollars
Act as CONCUR approver for staff reports for the Quality Department, as appropriate
Prepare People Pay honorariums
Responsible to approve supply expenditures and special purchases based on available funds
Advise division directors regarding spending related to budget balance
Contribute to a positive, collaborative, and value-driven culture with the Quality Department
Establish and maintain positive working relationships with payor representatives and internal customers
35% Internal Controls and Compliance
Develop and manage internal and external vendor agreements and contracts to ensure compliance with all requirements and standards
Review business financial controls to maintain budget oversight; review transactions for compliance with relevant policies and regulations and provide departmental authorization for these transactions.
Upload transactions into the M-Pathways Financial and Physical Resources System
Ensure department is following appropriate procedures outlined in the Gap Analysis process
Uphold Quality Financial Best Practices document and ensure compliance with set practices by all Quality divisions. Propose new best practices as appropriate.
5% Other duties as assigned.
Required Qualifications*
Associate's Degree in administration, finance, or relevant field of study, or an equivalent combination of education and experience.
At least 2 years' experience with financial duties (budget, account reconciliation, payments, etc.).
Solid financial and administrative acumen, able to apply accounting principles and applications; monitor the financial status of a unit, and prepare budgets; ensure compliance with policies, rules, and regulations; assess, investigate, and resolve complex issues.
Ability to work at all levels of a large organization, building and maintaining close working relationships. Be self-directed, detail oriented with strong organizational, analytic, and problem solving skills, as well as have exceptional verbal and written communications skills.
Possess a strong dedication to customer service and ability to work within a team-focused, participative management environment.
Ability to independently assess competing priorities, manage workflow and meet operational deadlines in a complex organization.
Demonstrated proficiency utilizing Microsoft Excel and Word
Desired Qualifications*
- Experience using University-based systems such as Financial & Physical Resources System, Human Resource Management System, Business Objects, Data Mart, Business Intelligence, CONCUR.
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 Report 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 anytime after the minimum posting period has ended.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.
Job Detail
Job Opening ID
249047
Working Title
Quality Financial Analyst Intermediate
Job Title
Financial or Bus Analyst Inter
Work Location
Michigan Medicine - Ann Arbor
Ann Arbor, MI
Full/Part Time
Full-Time
Regular/Temporary
Regular
FLSA Status
Exempt
Organizational Group
Um Hospital
Department
MM Quality - Quality Admin
Posting Begin/End Date
5/14/2024 - 5/28/2024
Career Interest
Finance
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