Senior Financial Analyst

Columbia University - New York, NY

Full-time - Mid Level

New York, NY

Educational Services

About the position

The Senior Financial Analyst at Columbia University Medical Center plays a crucial role in managing financial and budgeting responsibilities across multiple clinical departments. This position is integral to the financial health of the organization, ensuring that all financial operations are conducted efficiently and accurately. The analyst will report directly to the Manager of Budget and Finance and will be responsible for a variety of tasks that include overseeing the NYPH pass-through budget, managing accounts receivable, and preparing complex financial reports. In this role, the Senior Financial Analyst will handle the large and complex NYPH pass-through budget, which involves preparing annual reconciliations for dean's office budget meetings and maintaining ongoing communication with NYPH to resolve any discrepancies. The analyst will also be responsible for tracking new and pending funding lines and addressing inquiries from various levels within the organization. Additionally, the analyst will manage accounts receivable for multiple organizations, ensuring that past due payments are monitored and collected efficiently. This includes reconciling bank accounts and collaborating with the Financial Planning Office and the controller's office to facilitate payment transfers. The role also encompasses accrual reporting, where the analyst will work closely with the controller's office to prepare monthly, quarterly, and annual accruals, ensuring accurate and timely financial reporting. The Senior Financial Analyst will also oversee budgeting processes, ensuring that all areas of oversight are accurately budgeted for the annual budget and throughout the year. This includes analyzing variances and preparing financial reports that detail monthly, quarterly, and annual transfers within the Surgery department and to outside departments. The analyst will also be responsible for ad hoc reporting and analysis, preparing various reports on demand as requested by supervisors and the CFO, often under tight deadlines.

Responsibilities

• Manage the large and complex NYPH pass-through budget.
• Prepare annual reconciliation for dean's office budget meetings.
• Reconcile to NYPH pass-thru schedule and resolve discrepancies with ongoing communication with NYPH.
• Track all new and pending funding lines.
• Manage accounts receivable for MSAs, NYPH, and other outside organizations.
• Monitor past due payments and work with outside organizations to collect payments.
• Reconcile bank accounts and facilitate payment transfers between offices.
• Prepare complex monthly, quarterly, and annual accruals for accurate reporting.
• Ensure correct classes and charges for physicians' malpractice management.
• Budget accurately for areas of oversight and analyze variances throughout the year.
• Prepare monthly, quarterly, and annual financial reports and transfers within Surgery and to outside departments.
• Prepare complex revenue assessment reconciliations and maintain understanding of the University's financial system (ARC).
• Prepare ad hoc reports and analyses on demand as requested by supervisor and CFO.
• Perform other related duties as assigned.

Requirements

• Bachelor's degree or equivalent in education.
• 3 years of related experience required.
• Strong analytical abilities.
• Ability to manage and analyze large and complex data sets with high accuracy.
• Ability to manage a high volume workload.
• Strong organizational skills and capability to work independently and collaboratively.
• Detail-oriented with the ability to handle competing priorities.
• Effective interpersonal and communication skills; excellent customer service skills.
• Intermediate to advanced level MS Office skills, PeopleSoft, Adobe, and Visio.

Nice-to-haves

• Preferred advanced degree in Finance, Accounting, or Business Administration.