Financial Analyst - Faculty Practice Finance

$53,300 - $93,500/Yr

Johns Hopkins - Baltimore, MD

Full-time - Mid Level

Hybrid - Baltimore, MD

Educational Services

About the position

The Financial Analyst for Faculty Practice Finance at Johns Hopkins University will play a crucial role in coordinating and participating in activities related to managing the School of Medicine (SOM) faculty workforce. This position is part of the Faculty Practice Finance (FPF) vertical within the SOM Central Finance office, which is responsible for overseeing the financial performance of the School of Medicine and partnering with various departments to advance strategic financial initiatives. The Analyst will conduct financial analyses to assist management in setting financial goals and objectives for the FPF group, as well as perform various financial and accounting activities that support budgeting, business plans, professional revenue evaluations, faculty compensation, and funds flow impacts. In this role, the Analyst will extract financial data from multiple accounting and information systems to perform basic to moderately complex cost and financial analyses. They will also serve as a project manager to ensure that the FPF team is making progress toward its annual goals. The position requires a strong understanding of financial management principles and the ability to interpret data to evaluate past financial performance and make projections for management decision-making. The Analyst will be responsible for producing financial reports for forecasting, trading, and results analysis, and will provide recommendations to management based on their findings. Additionally, the Analyst will be involved in program management, including managing faculty compensation, submitting data for benchmarking, and supporting departments during the annual faculty budget process. They will maintain a database of financial agreements and participate in meetings to support the Faculty Practice, including workforce planning and compensation committees. The role also involves training and communicating with colleagues about internal controls and collaborating with various stakeholders within the university to ensure effective financial operations.

Responsibilities

• Manage SOM faculty compensation, including submitting data to external agencies for benchmarking and evaluating annual benchmark data.
• Support departments during the annual faculty budget process and manage the annual faculty salary letter process.
• Maintain a database of financial agreements with internal and external stakeholders to track support of the faculty practice.
• Participate in meetings and serve as staff to committees in support of the Faculty Practice, including workforce planning and compensation committees.
• Interpret data to evaluate past financial performance and make financial projections for management.
• Evaluate faculty, clinical associate, and APP productivity and provide reports to SOM Central Finance and CPA leadership.
• Review and validate business plans as part of the faculty recruitment process and provide feedback on data inconsistencies.
• Conduct studies of cost and financial results of business activities and recommend adjustments and cost improvement measures.
• Produce financial reports for forecasting, trading, and results analysis, and assist with special studies and recommendations.
• Use financial systems and controls for tracking, validation, billing, payment, and debt reporting.

Requirements

• Bachelor's Degree in Finance, Accounting, Business or related field.
• Three years progressively responsible related financial/accounting experience.
• Additional education may substitute for required experience and additional related experience may substitute for required education.

Nice-to-haves

• Experience with financial systems and software applications such as spreadsheets and relational databases.
• Knowledge of applicable laws and regulations related to financial management.

Benefits

• Competitive salary range of $53,300 - $93,500 annually, commensurate with experience.
• Hybrid work environment with on-site requirements 3-4 days a week.
• Opportunities for professional development and training.