Budget Analyst III

Hackensack Meridian Health - Edison, NJ

Full-time

Edison, NJ

Hospitals

About the position

The Budget Analyst III position at Hackensack Meridian Health (HMH) plays a crucial role in supporting the day-to-day operations of the Budget Department. This position is responsible for assisting in the coordination of budgeting functions, conducting analysis, and preparing the annual budget. The Budget Analyst III will produce daily, bi-weekly, and monthly budget versus actual reports that encompass various metrics such as statistics, patient revenue, full-time equivalents (FTEs), operating expenses, and capital expenses. This role operates with minimal supervision and serves as a resource and mentor to junior Budget Analysts, fostering a collaborative environment within the team. Additionally, the analyst may take on additional responsibilities as delegated by the Manager or Director, ensuring that all tasks are completed efficiently and effectively. In a typical day, the Budget Analyst III will engage in several key activities. These include mentoring lower-level analysts, producing budget reports, supporting the annual operating and capital budget processes, and assisting department managers during budget workshops. The analyst will also coordinate the HMH budget function, prepare educational sessions for department managers, and participate in campus budget workshops. Furthermore, the role involves supporting the Site Finance Manager in the monthly close process, capital tracking, and addressing finance-related inquiries from department managers. The analyst will review and input all submitted cost center budgets into the PeopleSoft General Ledger System and collaborate with the Human Resources team to maintain accurate position control for budget assignments. The Budget Analyst III will also be responsible for generating monthly variance reports for management review, compiling and analyzing data for forecasting and budgeting purposes, and preparing materials for the Executive Board package. Collaboration with the Business Intelligence group is essential to incorporate changes into all budget reporting tools, and the analyst will provide support for survey and regulatory reporting as needed. Adherence to Hackensack Meridian Health's organizational competencies and standards of behavior is expected in all aspects of the role.

Responsibilities

• Ability to effectively share knowledge with and mentor lower level Budget Analysts.
• Produce daily, bi-weekly and monthly budget vs actual reports related to statistics, patient revenue, FTE's and operational expenses.
• Support the annual operating and capital budget processes (i.e. scheduling, analytics and presentation material).
• Assist department managers preparing budgets at budget workshops and as needed.
• Help Manager/Director to coordinate the HMH budget function.
• Schedule and prepare budget education sessions presentation to department managers.
• Participate in campus budget workshops.
• Prepare schedules for Executive Board presentation.
• Support the Site Finance Manager in their monthly close process, capital tracking, monthly analysis and department manager finance questions.
• Review and input all submitted cost center budgets in the PeopleSoft General Ledger System.
• Work with Human Resources team to maintain the position control on a monthly and annual basis to ensure budgets are properly assigned to departments.
• Help to produce monthly variance reports for management review.
• Assist in compiling and analyzing data for use in forecasting, budgeting and analysis.
• Assist in preparation of Executive board package for senior management.
• Work with Business Intelligence group to incorporate changes in all budget reporting tools.
• Provide support for survey and regulatory reporting.
• Other duties and/or projects as assigned.

Requirements

• Bachelor's level degree in Accounting/Finance or equivalent, relevant work experience.
• Five or more years of related work experience.
• Proficiency with Excel and all Microsoft Office applications (i.e. Outlook, Word, etc.).
• Excellent analytical skills.
• Must be able to establish effective working relationships with Senior Management and staff at all levels of the organization.

Nice-to-haves

• Master's in Business Administration (MBA).