Job Description
The Financial Analyst reflects the mission, vision, and values of Northwestern Medicine, adheres to the organization’s Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards.
The Financial Analyst is responsible for recording transactions, performing analysis activities, and evaluating trends and drivers at Northwestern Medicine. The position will also be charged with the preparation and some review activities related to the month end close process; as well as support for the annual financial statement audit. The analyst will need to understand complex financial concepts in a fast-paced environment.
Responsibilities:
- Meet financial objectives by identifying and evaluating trends; analyzing variances; initiating any corrective actions or adjustments.
- Prepare reconciliations; analyze variances; and initiate corrective actions on transactions with a high degree of complexity in support for finance and operating departments.
- Provide support and analysis by querying appropriate data, preparing reports, making presentations of analysis, findings, and recommendations to management.
- Research and interpret changes in financial reporting policy, applying observations and recommendations to operational issues.
- Research and understand changes in the healthcare regulatory environment and the potential impact on reporting.
- Maintain professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal networks, adopting and implementing industry best practices, and participating in professional societies.
- Protect operations by keeping financial and patient information confidential.
- Support the finance operations of Northwestern Medicine.
Responsibilities
- Perform daily maintenance and quarterly audits of the EAP chargeable database.
- Prepare exports and imports of the EAP database and data courier activities for new department builds.
- Perform charge testing activities for new departments.
- Identify charge capture opportunities in revenue producing departments.
- Review departmental front-end charge capture tools for accuracy.
- Lead analyst in preparing and managing the process for filing Medicare Provider-Based Status AttestationTroubleshoot complex account errors and assists in education for resolution to Revenue Manager(s).
- Support complex financial audits and prepares methodology for annual pricing increase.
- Liaison with both IT and clinical departments to link EPIC and chargemaster.
- Consistently delivers concrete, relevant results. Displays qualities of resiliency and resourcefulness while thinking strategically and practically when problem solving. In addition to results orientation, displays business knowledge, speed and decisiveness, and project management. resulution.
Qualifications
Required:
- Degree in Finance / Accounting or related field
- 3+ years of relevant experience
- Excellent communication, collaboration, analytical, and accounting skills
- High level of precision and attention to detail
- Expert knowledge of Microsoft Office Suite
Preferred:
- Public Accounting experience
- CPA or CHFP certification
- Experience with an enterprise resource planning (ERP) system, preferably PeopleSoft
- Healthcare finance experience
Additional Information
Northwestern Medicine is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, gender identity, veteran status, disability, sexual orientation or any other protected status.
If we offer you a job, we will perform a background check that includes a review of any criminal convictions. A conviction does not disqualify you from employment at Northwestern Medicine. We consider this on a case-by-case basis and follow all state and federal guidelines.
Benefits
We offer a wide range of benefits that provide employees with tools and resources to improve their physical, emotional, and financial well-being while providing protection for unexpected life events. Please visit our Benefits section to learn more.
