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Job Overview

The Senior Finance Analysist – Academic Funds Flow will drive work to support the financial integrity and management of the academic funds flow on behalf of Fairview Health Services (FV) within the Finance Labor team.

The Senior Finance Analyst will be instrumental in ensuring high-integrity processes, including: invoicing, approvals, monitoring adherence to contractual obligations and agreement, and efficient financial performance. Expertise in financial modeling, invoice accrual, financial reconciliation, and stakeholder collaboration will be necessary to support the work. This position will partner closely with key stakeholder groups including: Finance [labor] management, IT & Analytics, FP&A, HR, the Enterprise Project Management Office (EPMO), and Legal, to ensure alignment with organizational objectives and strategies.

+ Prepare expense analysis that highlight trends or issues in achieving plan.

+ Assist management in the development of operational improvement plans. Monitor, measure and communicate the impact of action plans and improvement initiatives.

+ Anticipate reporting and data requirements before they are requested by leaders.

+ Partner with select leaders to forecast and plan operating expenses.

+ Provide leaders with the tools and insight to meet or exceed plan targets.

+ Provide education, training and coaching to leadership on the effective use of financial systems and tools, as well as how to read and interpret financial information and reports.

+ Monitor system compliance of key labor and expense metrics to assure the integrity of Fairview’s system of internal control is maintained.

+ Use software applications, such as spreadsheets, relational databases, statistical packages, and graphics packages to assemble, manipulate and/or format data and/or reports.

+ Supports annual Academic Base Payment Order Design and Implementation:

+ Support the design and development process to order clinical services – and support a process to modify and track clinical orders when changes are necessary.

+ Utilize advanced financial modeling techniques and data analysis tools to inform the design process, and optimize resource allocation for maximum efficiency.

+ Establish streamlined processes and tools for order management, ensuring consistent tracking throughout the year.

+ Supports Order Management and Fulfillment Assurance:

+ Supports the execution of the care system’s order for clinical services.

+ Collaborate closely with clinical stakeholders to address changes promptly and ensures appropriate change mechanisms are in place and followed to ensure consistent order fulfillment.

+ Supports Order Reconciliation and Integrity:

+ Implement thorough processes for order reconciliation are in place, focused on accuracy and integrity to maintain financial transparency, including detailed and ongoing reviews.

+ Proactively identify discrepancies and support resolution efforts.

+ Supports [Monthly] Invoice Management and Processing:

+ Partners with accounting to manage the process of invoice accrual and allocation, ensuring alignment with contractual terms and organizational guidelines.

+ Establish and maintain robust procedures for invoice processing, including clinical, operational, and business leader sign off.

+ Investigate possible errors or issues and take corrective actions as appropriate to maintain accuracy and compliance.

+ Supports Financial Analysis and Reporting:

+ Conduct comprehensive financial analysis to identify trends, variances, and opportunities for cost savings or revenue enhancement.

+ Prepare detailed financial reports, forecasts, and analyses for management review and decision-making.

+ Provide insights and recommendations based on financial data to support strategic planning and operational improvements.

+ Participates in contract management efforts and strategy conversations

+ Partners with Service Line Finance to support Budgeting and Forecasting:

+ Assist in the development and monitoring of departmental and organizational budgets, ensuring alignment with strategic objectives and financial targets.

+ Collaborate with department heads and stakeholders to forecast future financial performance and resource needs.

+ Track budget performance against targets and provide regular updates to management.

Required Qualifications:

• Bachelor’s degree in Finance, Accounting, Business, or other related field

• 3-5 years of experience in Finance role

Preferred Qualifications:

Education

Master’s degree in Finance, Economics, or closely related

Experience

5+ years’ experience in analyzing financials and business operations and at least 2 years in a healthcare setting.

License/Certification/Registration

CFA/CMA/CPA

Benefit Overview

Fairview offers a generous benefit package including but not limited to medical, dental, vision plans, life insurance, short-term and long-term disability insurance, PTO and Sick and Safe Time, tuition reimbursement, retirement, early access to earned wages, and more! Please follow this link for additional information: https://www..fairview.org/careers/benefits/noncontract

Compensation Disclaimer

The posted pay range is for a 40-hour workweek (1.0 FTE). The actual rate of pay offered within this range may depend on several factors, such as FTE, skills, knowledge, relevant education, experience, and market conditions. Additionally, our organization values pay equity and considers the internal equity of our team when making any offer. Hiring at the maximum of the range is not typical. If your role is eligible for a sign-on bonus, the bonus program that is approved and in place at the time of offer, is what will be honored.

EEO Statement

EEO/Vet/Disabled: All qualified applicants will receive consideration without regard to any lawfully protected status