Sr., Financial Ops Analyst

Parkland Health - Dallas, TX

Full-time - Mid Level

Dallas, TX

Hospitals

About the position

The Senior Financial Operations Analyst at Parkland Health and Hospital System plays a crucial role in providing advanced financial support and consultation to operational leaders within the organization. This position serves as a key resource for Parkland leadership, focusing on financial management and operational support. The analyst is expected to engage in a variety of financial activities, including budgeting, forecasting, and strategic financial analysis, while also ensuring compliance with Parkland's fiscal policies and directives. The role requires a deep understanding of financial systems and the ability to communicate effectively with all levels of staff, including executive management and physicians. In this position, the analyst will be responsible for the timely maintenance and distribution of financial and statistical reports, as well as managing account and cost center changes. They will perform advanced analysis and participate in complex special projects, responding to specific requests for ad hoc reports and providing technical and accounting expertise. The analyst will assist in the preparation of the division's annual capital and operating budgets, monitor actual results against the budget, and revise budgets as necessary. Additionally, they will support Patient Financial Services in reviewing and correcting lag charges, and will be involved in the review of requests for FTE resources and operational expenses. The Senior Financial Operations Analyst will also complete proformas and financial analyses to support strategic business development processes, review variance reports, and analyze financial activities to ensure fiscal accountability. They will monitor and reconcile various expenditures, assist in capital expenditure processes, and support the Foundation in collecting non-operating revenue. The role includes acting as a liaison for surveys, ensuring accurate data collection, and maintaining organized documentation. Furthermore, the analyst will be responsible for training and onboarding new department employees, ensuring that training materials are current and relevant. Overall, this position is integral to the financial health and operational efficiency of Parkland Health and Hospital System.

Responsibilities

• Serves as a lead resource person and acts as a representative to division staff and management concerning fiscal and budgetary matters or development, review, and revision of contractual agreements to ensure compliance with Parkland fiscal policies and directives.
• Responsible for assuring the timely maintenance and distribution of all financial and statistical reports, account and cost center changes, Board contracts, calendars, listings, etc., to facilitate workflow and communication with division personnel.
• Performs advanced analysis and participates in complex special projects, such as responding to specific requests for ad hoc reports, to provide technical and accounting expertise.
• Assists in preparation of division's annual capital and operating budgets. Monitors actual results as compared to budget on a monthly basis to ensure fiscal responsibility. Revises budgets, as necessary.
• Performs quarterly forecasting for the system and assists in the maintenance of the system for the rolling forecasting and financial planning modules.
• Supports Patient Financial Services in review and correction of lag charges through consultation with operational leaders.
• Reviews requests for FTE resources and other operational expenses and makes recommendations for the appropriate next steps.
• Completes proformas/financial analysis in support of our strategic business development process.
• Reviews variance reports and general ledger transactions of division cost centers. Analyzes the financial and statistical activities and performance of the division throughout the year to ensure fiscal accountability. Reports variances to finance leadership and division executives and staff as needed. Supports operational leaders in facilitating appropriate GL adjustments to accurately reflect financial performance.
• Monitors and reconciles various expenditures such as capital equipment, material contractual arrangements, lease agreements, dues, memberships for the division. Facilitates processing and/or corrections, as necessary.
• Assists division management in all capital expenditure processes. Monitors the timing and appropriateness of capital spending and updates forecasts as necessary.
• Supports our Foundation and collection of non-operating revenue through timely review and submission of eligible expenditures.
• Completes monthly, quarterly, and annual surveys when due. Acts as a liaison to coordinate obtaining accurate data for use in surveys, and assures consistency and accuracy in the information, to ensure timely and accurate reporting. Maintains organized documentation to support submissions.
• Serves as a lead resource person for Parkland management for design, development, and preparation of financial analyses, as requested.
• Identifies ways to improve work processes and improve customer (internal as well as external) satisfaction. Make recommendations to supervisor, implements, and monitors results as appropriate in support of the overall goals and mission of Parkland.
• Maintains knowledge of applicable rules, regulations, policies, laws, and guidelines that impact the Finance and Accounting areas. Develops effective internal controls that promote adherence to applicable state/federal laws, and the program requirements of accreditation agencies and federal, state, and private health plans. Seeks advice and guidance as necessary to ensure proper understanding.
• Stays abreast of the latest developments, advancements and trends in Finance and Accounting by attending seminars or workshops, reading professional journals, and participating in professional organizations. Integrates knowledge gained into current work practices.
• Responsible for the training and on-boarding of new department employees. Ensures training materials and/or documentation is kept current. Completes annual budget training and financial training to new leaders.
• Works closely with the financial planning system administrator to ensure reports are available for operator use. Enrolls and completes classes in the system for financial and budgeting reporting. May serve as a backup to the system administrator during periods of absence.

Requirements

• Must have a bachelor's degree in accounting or finance.
• Master's degree in accounting, finance, or related field preferred.
• Six (6) years of experience in financial management required.
• Three (3) years of experience supporting operational departments.
• Experience in budgeting and forecasting.
• Experience in strategic financial analysis.
• Working knowledge of financial systems.
• Advanced working knowledge of accounting.
• Advanced computer skills, including spreadsheet, database management and word processing software.
• Experience working with major financial applications software.
• Strong tact and diplomacy skills, and the ability to communicate with all levels of employees to include executive management and physicians.
• Good oral and written communication skills.
• Proven organizational and time management skills.
• Maturity, professionalism, and high level of discretion are required.
• Strong work ethic with a positive, proactive attitude.
• Advanced working knowledge of operating and capital budget processes.
• Ability to train and/or mentor new employees to Finance department/function.