Hackensack Meridian Health - Edison, NJ
posted about 2 months ago
At Hackensack Meridian Health, the Financial Analyst of Budgets and Business Planning plays a crucial role in the financial health of the organization. This position is responsible for planning, monitoring, coordinating, collaborating, compiling, and analyzing budget and business plans for the PSD network. The analyst will assist in providing monthly financial information related to assigned areas, working closely with Operations, controllers, financial analysts, Administrative Directors, and the Executive Office. The role involves various analyses, projections, and the preparation of annual capital and operating budgets, as well as participation in the monthly close process as appropriate and applicable. The Financial Analyst will apply Generally Accepted Accounting Principles (GAAP) in carrying out core responsibilities and special projects. This includes timely communication with relevant HMH department leaders and corporate level regarding inquiries, preparing and communicating business plans, and following through with site controllers and administrators. The analyst will aid site controllers in justifying monthly and year-to-date variances and fluctuations using statistical, financial, and operational data. Additionally, the role requires reaching out to ancillary department managers to collect volume variance justifications and compiling reports for management, focusing on flexed salary and supply variances. The analyst will be fully responsible for completing budgets for selective cost centers from the assigned site and will work with Strategy, business development, and operations to develop business plans for new and incremental growth for the physician enterprise. Extensive analysis on the Missions Support variances will be conducted in collaboration with the Physician Practice team. The role also includes maintaining the upkeep of finance quid that are site-based to assist clinical leaders, conducting comprehensive Mission Support Analysis, and reviewing and completing monthly accruals based on budget expectations. The Financial Analyst will work with the accounting team to ensure proper recording of standard entries and recoveries, adhering to HMH Organizational competencies and standards of behavior, and performing other duties and projects as assigned by the site controller.