Senior Business Analyst, Purchasing Collaborative

Vanderbilt Health - Mount Juliet, TN

Mount Juliet, TN

About the position

Vanderbilt Health Purchasing Collaborative is responsible for analyzing financial and business data and offering detailed analysis, solutions, savings projections, and other aggregated volumes that can be acted upon by a wide range of healthcare members. The role involves partnering with others in the organization to interpret and manage financial and business reports in an effort to identify areas for improvement and document recommended changes. The position also requires monitoring and maintaining both budget and process data and providing updates to senior management on current trends and projections. Understanding business problems and opportunities in the context of requirements and recommending solutions that enable the organization to achieve its goals is essential.

Responsibilities

• Develop communications such as PowerPoint presentations, proposals, policies and procedures, and business summaries to enhance and support strategic or operational plans.
• Perform financial and business process analysis, draw conclusions, and make recommendations to leadership.
• Apply process improvement methods applicable to the field and design plans for implementation.
• Analyze trends affecting budget/accounting needs and recommend procedural changes as needed.
• Analyze and review financial data and prepare financial statements and reports.
• Participate in calculation, validation and updating of cost saving initiatives.
• Develop budget and forecasting models that analyze the overall business plan.
• Manage and prepare budgets based upon current standards and provide regular updates.
• Research current challenges and trends in the field and bring information and recommendations back to leadership for consideration.
• Research business problems and quickly understand the issues and data challenges of the organization.
• Inform and advise managers and other key stakeholders of financial issues and matters as appropriate.
• Analyze proposed plans and policies, as well as new programs, to determine costs.
• Make appropriate recommendations to management in order to strengthen business controls, improve operations, and/or reduce costs.
• Develop programs or queries to retrieve and analyze data for projects, programs, or reports.
• Apply statistically sound analytic methods within programs and projects.
• Gather data using data mining techniques and tools, analyze information, develop conclusions, communicate recommendations clearly and work effectively with others on a team.
• Effectively translate complex data and analyses to all levels within the organization.

Requirements

• Bachelor's degree.
• 5 years of relevant work experience.