Hackensack Meridian Health - Edison, NJ
posted about 2 months ago
The Financial Analyst of Budgets and Business Planning at Hackensack Meridian Health (HMH) plays a crucial role in the financial planning and analysis process for the organization. This position is responsible for planning, monitoring, coordinating, collaborating, compiling, and analyzing budget and business plans for the PSD network as assigned. 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 on various analyses, projections, annual capital, and operating budgets, as well as the monthly close process. The role encompasses all financial aspects of HMH's goals, including operational matters that affect the preparation and reporting of monthly financial statements, budgeting, internal controls compliance, and oversight of outsourced accounting functions. In this position, the Financial Analyst will apply Generally Accepted Accounting Principles (GAAP) in carrying out core responsibilities and special projects. They will consistently and timely communicate with applicable HMH department leaders and corporate level regarding inquiries, preparing and communicating business plans while following through with the appropriate 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, reaching out to ancillary department managers to collect volume variance justifications and compiling reports for management. This includes a focus on flexed salary and supply variances through the application of volume to variance equations. The Financial 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. They will conduct extensive analysis on the Missions Support variances in collaboration with the Physician Practice team and maintain the upkeep of the Finance quid that are site-based to assist clinical leaders. Additionally, the analyst will be responsible for comprehensive Mission Support Analysis for the assigned site and will review and complete monthly accruals based on budget expectations, working with the accounting team to ensure proper recording of standard entries and recoveries. Adherence to HMH Organizational competencies and standards of behavior is essential, along with the completion of other duties and/or projects as assigned by the site controller.