Financial Planning Analyst

$63,793 - $113,318/Yr

MedStar Health - Columbia, MD

Full-time - Entry Level

Columbia, MD

Hospitals

About the position

The Financial Planning Analyst at MedStar Health plays a crucial role in developing long-range financial plans and budgets, collaborating closely with local Chief Financial Officers and Finance Business Partners. This position involves preparing financial plans based on historical trends and growth projections, conducting variance analysis, and supporting departmental goals through effective financial modeling and analysis. The ideal candidate will possess strong analytical skills and a solid understanding of accounting practices.

Responsibilities

• Participates as a highly-engaged team member in support of departmental goals and initiatives.
• Prepares the annual operating budget, including direct data entry of baseline budget submission and collaboration with local finance resources.
• Prepares annual long-range financial plan through analysis of historical results and incorporation of inflationary and growth assumptions.
• Performs variance analysis as part of monthly, quarterly, and annual financial close cycles.
• Collaborates with local finance business partners to understand business results and support routine action planning.
• Coordinates all budgeting responsibilities including training sessions and completion of accurate budgets that meet required deadlines.
• Identifies accounting or financial performance issues and escalates for action planning.
• Maximizes the use of existing technology to meet organizational needs and recommends technology changes to improve speed and reliability.

Requirements

• Bachelor's degree from an accredited university in Accounting, Finance, Business Administration or related field required.
• Master's degree (MBA, MHS or other graduate degree with a health care concentration) preferred.
• 1-2 years of experience in financial analysis, budgeting, and forecasting required.
• Experience in collecting and analyzing healthcare data preferred.
• Knowledge of Excel, Access, PowerPoint, Microsoft Outlook, Tableau, Hyperion, and PeopleSoft preferred.
• Financial modeling and presentation skills, capable of influencing senior management and stakeholders.

Nice-to-haves

• Certified Public Accountant (CPA) preferred.
• Familiarity with advanced financial reporting tools and data visualization software.
• Ability to identify opportunities for process improvements.
• Ability to lead and mentor junior analysts and finance team members.