Lead Financial Analyst

At Houston Methodist, the Lead Financial Analyst position is responsible for overseeing specialized functions as a regular part of their normal job responsibilities. This position serves as the liaison and primary point of contact between management and staff for routine matters. In addition to performing at a Sr Financial Analyst level the Lead Financial Analyst position may direct or regularly participate in special projects; collect, analyze, and report on data or metrics, requiring advanced skills in Excel. The Lead Financial Analyst may also hold other responsibilities of a similar nature and level. The Lead Financial Analyst position may include the following tasks: organize work schedules and delegate work assignments; assist in the implementation of quality improvement activities; assist in training, mentoring, and developing staff. The Lead Financial Analyst will lead project team meetings and support in implementing financial tools and systems to streamline financial reporting analysis.

The Lead Financial Analyst position responsibilities include overseeing the daily work activities of the work unit/department staff, ensuring quality, productivity, functional excellence, and efficiency. This position leads staff while maintaining adequate staffing levels and budget compliance. The position contributes to staffing decisions such as hiring, coaching, and counseling employees on work related performance. This position assists in developing and implementing policies and procedures to ensure a safe and effective work environment. Other duties for the Lead position include participating in performance improvement activities, as well as providing support for department management to achieve operational goals.
FLSA STATUSExemptQUALIFICATIONSEDUCATION Bachelor’s Degree in finance, accounting, healthcare administration, business administration or related field EXPERIENCE Four years of financial, budget or cost accounting analysis experience is required; experience in a healthcare environment preferred LICENSES AND CERTIFICATIONSPreferredCertified Financial Reporting Analyst (CFRA) orCPA - Certified Public Accountant - State Licensure orCHFP - Certified Healthcare Financial Professional (HFMA) SKILLS AND ABILITIESDemonstrates the skills and competencies necessary to safely perform the assigned job, determined through on-going skills, competency assessments, and performance evaluations Sufficient proficiency in speaking, reading, and writing the English language necessary to perform the essential functions of this job, especially with regard to activities impacting patient or employee safety or security Ability to effectively communicate with patients, physicians, family members and co-workers in a manner consistent with a customer service focus and application of positive language principles Advanced analytical thinking and creative problem solving and ability to define a variety of approaches to business problems Advanced knowledge of business process analysis, system requirements, data modeling and functional design Strong project management skills Strong statistical analysis and data reductions skills Proactively manages own career development. Completes My Development Plan (MDP) If assigned to Hospital: Familiarity with hospital patient data bases and relationship to other financial and non-financial systems preferred ESSENTIAL FUNCTIONSPEOPLE ESSENTIAL FUNCTIONSServes as the team lead for designated finance department matters. Assists department management with staff requirements. Role-models skills, through peer-to-peer accountability, to optimize improvement of department score for turnover/retention/employee engagement. Serves as a role model and mentor to more junior team members. Supports training and onboarding of new team members. Serves as subject matter expert for the assigned entity(s) (Hospital, Physician Organization, Research Institute, Academic Institute, HM Foundation, MOB, for Clinical and Financial reporting systems. Interacts with all levels within the department, other institutional departments, and across the organization as well as outside companies to resolve problems/errors or questions regarding basic accounting reconciliation items or financial performance in a timely manner. SERVICE ESSENTIAL FUNCTIONSAssists department management/administrator, faculty members or department, hospital leadership and entity leadership in managing the departmental budget. Extracts actual and budget financial accounting General Ledger (G/L) data or financial data from appropriate sources to report and reconcile with appropriate leadership. Generates timely reports. QUALITY/SAFETY ESSENTIAL FUNCTIONSUses and optimizes information systems to enhance operations: supports entity-specific performance improvement and data management analysis functions. Follows all internal audit requirements for appropriate system applications. Ensures accuracy and appropriateness of financial reporting. Creates ad-hoc reports and financial projections. FINANCE ESSENTIAL FUNCTIONSPerforms one or more of the following: Supports and develops auditing, reporting, and contract modeling tools as needed for identification and analysis of rate and/or fee schedule auditing, financial performance, and contract performance as well as modeling and analysis of potential opportunities. Maintains monthly dashboard of key indicators and external benchmarks as defined by management. Prepares and maintains revenue models. Compiles information needed for organization's profit and loss statement as required. Reviews contracts, calculates provider productivity bonuses/compensation models as appropriate. Assists in preparation of gift, grant, and contract budget proposals as needed. Assists in the oversight of the department’s GROWTH/INNOVATION ESSENTIAL FUNCTIONSIdentifies and recommends opportunities to employ new or enhanced functionality in support of continued process/performance improvement. Participates in the development and implementation of new procedures and the review and revision of existing procedures. Identifies training and coaching opportunities for staff. SUPPLEMENTAL REQUIREMENTSWORK ATTIREUniform: No Scrubs: No Business professional: Yes Other (department approved): No ON-CALL**Note that employees may be required to be on-call during emergencies (ie. Disaster, Severe Weather Events, etc) regardless of selection below.On Call* No TRAVEL****Travel specifications may vary by department**May require travel within the Houston Metropolitan area No May require travel outside Houston Metropolitan area No

QUALIFICATIONSEDUCATION Bachelor’s Degree in finance, accounting, healthcare administration, business administration or related field EXPERIENCE Four years of financial, budget or cost accounting analysis experience is required; experience in a healthcare environment preferred LICENSES AND CERTIFICATIONSPreferredCertified Financial Reporting Analyst (CFRA) or
CPA - Certified Public Accountant - State Licensure or
CHFP - Certified Healthcare Financial Professional (HFMA)