Budget Analyst II

Hackensack Meridian Health - Wall Township, NJ

Full-time - Mid Level

Wall Township, NJ

1,001-5,000 employees

Hospitals

About the position

The Budget Analyst II position at Hackensack Meridian Health plays a crucial role in supporting the day-to-day operations of the organization by assisting in the coordination of budgeting functions, analysis, and preparation of the annual budget. This role involves producing various budget reports and working closely with budget owners to ensure accurate staffing and salary budgets across the network. The position requires minimal supervision and serves as a resource for junior analysts, contributing to the overall financial health of the organization.

Responsibilities

• Coordinate with budget owners on their annual staffing and salary budgets for Medical Centers, affiliates, and the network office.
• Maintain and provide the Network FTE trend report for senior management.
• Compare current staffing levels to approved budgeted positions and HR position control.
• Review and approve new staffing levels in PeopleSoft HR module, escalating unbudgeted requests to the Director of Budgets.
• Monitor expenses and revenue budgets monthly by producing variance reports for management review.
• Work with Human Resources to maintain position control and reconcile adjustments throughout the year.
• Prepare agenda for FTE Committee for executive meetings and present to senior executives bi-weekly.
• Provide bi-weekly site-specific corporate FTE information to senior management.
• Update hospital-wide monthly staffing metrics and salary expenses, reporting trends to senior management.
• Partner with Payroll to ensure timely production of temporary help and labor distribution reports.
• Produce daily, bi-weekly, and monthly budget vs actual reports related to statistics, patient revenue, FTEs, and operational expenses.
• Support the annual operating and capital budget processes, including scheduling and analytics.
• Assist department managers in preparing their budgets during workshops or one-on-one sessions.
• Update budget education material and presentations to keep processes and software current.
• Compile and analyze data for forecasting, budgeting, and analysis purposes.
• Assist in the preparation of the Executive board package for senior management.
• Work with the Business Intelligence group to incorporate changes in budget reporting tools.
• Perform other duties and projects as assigned.

Requirements

• Bachelor's degree in Accounting/Finance or equivalent relevant work experience.
• Four or more years of related work experience.
• Excellent analytical skills.
• Ability to establish effective working relationships with Senior Management and staff at all levels.
• Proficiency with Excel and all Microsoft Office applications.

Nice-to-haves

• Master's in Business Administration (MBA).

Benefits

• Competitive benefits package
• Supportive work culture
• Opportunities for professional development