Financial Analyst I

You Belong Here.

At MultiCare, we strive to offer a true sense of belonging for all our employees. Across our health care network, you will find a dynamic range of meaningful careers, opportunities for growth, safe workplaces, and flexible schedules. We are connected by our mission - partnering and healing for a healthy future - and dedicated to the health and well-being of the communities we serve.

Reporting to the Manager of Analytics, this Financial Analyst I is responsible for providing strategic analytical support to multiple business units within MultiCare’s Inland Northwest (INW) Region. The position primarily supports finance Leaderhsip aiding in decision making, planning, expense reduction and revenue enhancement. Responsibilities are focused on providing resources and expertise to the finance team; data acquisition, data sourcing, performing data analysis and providing business intelligence, and modeling changes to support the growth of MultiCare’s INW Region. This position is responsible for a wide range of analytics and reporting associated with the organization's financial, operational, and clinical performance. The incumbent leverages detailed general ledger, patient account, or procedure level detail to report, explain, or analyze operational performance on a daily, monthly, quarterly or annual basis dependent upon the system/region’s need. The Financial Analyst I performs the budgeting, forecasting, financial reporting and other financial activities related to the INW region, the organization, the business unit and more. The Financial Analyst I analyzes cost center and financial data and develops complex reports for forecasting and results analysis. The  Financial Analyst I assists in financial studies and analysis regarding projected and unexpected changes in revenues and expenditures and ensures compliance with appropriate regulations.

Major Functions and Accountabilities (progressive track to become highly functional in the duties below:

Duties may include, but are not limited to, the following:

• Ensure successful prioritization and completion of projects
• Big data mining
• Data sourcing including SQL data sourcing
• Data validation
• Prepare data/reports and analysis to help business make decisions
• Prepare mid-month forecasts, quarterly roll forward forecasts, and analytics for the year
• Provide profit and loss reports, ROI support on business ventures and related analytics on an ad-hoc basis
• Provide labor target variance reports to senior leaders and cost center leaders on a per pay period basis
• Provide budget variance reports to Senior leaders and department heads monthly
• Evaluates and synthesizes in-depth monthly budget performance reviews for business units, cost centers, clinics, and/or service lines with full understanding of performance variances and concerns presented in a concrete/understandable manner and identify opportunities for improvement
• Conducts ad-hoc analyses on topics as dictated by general business trends or at the request of leadership
• Assists in monthly close processes
• Perform analysis on or assist in performing mid month forecasts
• Perform “look back” analytics at intervals throughout the lifecycle of services provided to assure performance is on track form a revenue, expense, market share and margin perspective. As well as confirming that newer business ventures are achieving the milestones expected in their original ROI’s and proformas
• Supplements financial analysis with operational and/or clinical data and insights in order to provide relevant context and a holistic point of view
• Utilizes rate/volume calculations to quantify the impact of changes in patient mix, procedure mix, payor mix, or other business shifts
• Assist in efforts in continuing improvement of policies and processes, work products, performance, efficiency and financial performance
• Work with IT, Finance, Decision Support and other staff to understand data limitations, develop custom reports, and validate data used across organization
• Work as liaison across business units, implementing and monitoring changes
• Develops the skills of a super-user of current business tools, including workday reporting, Laborlytics, SQL, EPIC reporting, Kronos reporting BI tools, KMS and more
• Becomes proficient in Provider reimbursement rates and contractual requirements, offering best in class solutions when appropriate
• Other duties as assigned or requested
• Manage multiple projects and priorities simultaneously

Experience, Training, and Qualifications

• Knowledge of health system operations, health care and industry trends
• Preferred 2 years’ experience in a healthcare environment; large health system experience is preferred; health plan experience is helpful
• Proven analytical skills to identify opportunities for financial and operational improvement through data analysis and interpretation
• Knowledge of health care service payment methodologies; financial and clinical information systems
• Knowledge of and experience with accounting principles,
• Experience reconciling general ledger account level detail to supporting documents
• Minimum 1 years’ experience working with various BI tools, Analytics software and Data Warehousing environments
• Minimum 1 years’ experience with backend systems, databases, and working with large amounts of data
• Demonstrated experience and proficiency using SQL and SQL scripting as a tool for data analysis. Proficient in MS SQL Server, T-SQL. SSRS knowledge a plus
• Expert in Excel (with data management, formulas, graphs)
• Experience with Milliman Medlnsight or other BI tools, preferred
• Experience in and proficiency with all Microsoft Office tools (Excel, PPT, project, Visio, Word, Publisher, Outlook, One Note)
• Bachelor's degree required; Finance, Accounting, Economics, Quantifiable Analytics or related field preferred.
• Master’s degree preferred
• Skilled in teamwork dynamics, both as a member and a leader
• Excellent communication and presentation skills in both written and verbal, including the ability to produce clear and well-organized documentation
• Customer-focused, team player with a desire to continuously improve current business practices/processes
• Ability to see the big picture while maintaining a detail-oriented mindset
• Passionate about excellence, data quality and integrity; with the ability to drive process improvement of data-related issues
• Ability to juggle multiple projects at once and manage time effectively, to meet established deadlines in a high stress environment
• Self-starter who takes initiative, and drives progress on major projects without being asked or with minimal supervision
• Develop and foster internal relationships across the corporation To provide analytic and consultative support to a broad spectrum of internal customer areas and external business partners

As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times.  In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy. 

Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.

Benefit Eligibility

This position is eligible for MultiCare benefits. As part of your total compensation, MultiCare offers a comprehensive benefits package, including medical, dental and vision plans, retirement, paid time off, life and disability insurance.  For additional information on MultiCare benefits, please visit the MultiCare Benefits website at: https://www.multicare.org/benefits/

FTE: 1.0, Shift: Day, Schedule: M-F (8:00 - 17:00)

Position Summary

The Financial Analyst I is an entry level analyst responsible for gathering and analyzing data to support the organization's Finance, monthly accounting close, and annual budget process, serving as support to the Senior Analysts/Managers/Directors and providing accurate, timely, and objective analyses in all projects assigned. Included in these projects are ongoing, and periodically special, financial analysis and support to Finance. The Financial Analyst I provides analytic support to members of the Finance Division team. Work situations are routine and require sound data analysis and computer skills, and effective interpersonal skills. Independent judgement and decision making within the scope of position responsibilities is required.

Requirements

• Bachelor’s degree in accounting, finance or related field
• In lieu of a Bachelor’s degree, candidates may be considered with a minimum of two (2) years of experience in finance and/or financial analysis in a healthcare setting, or five (5) years of progressively more responsible office support or billing/cash/collection experience
• Systems experience and familiarity with Microsoft Excel, Word and Outlook

Our Values

As a MultiCare employee, we'll rely on you to reflect our core values of Respect, Integrity, Stewardship, Excellence, Collaboration, Kindness and Joy. Our values serve as our guiding principles and impact every aspect of our organization, including how we provide patient care and what we expect from each other.

Why MultiCare?

• Belonging: We work to create a true sense of belonging for all our employees
• Mission-driven: We are dedicated to our mission of partnering for healing and a healthy future and the patients and communities we serve
• Market leadership: Washington state's largest community-based, locally governed health system
• Employee-centric: Named Forbes “America’s Best Employers by State” for several years running
• Technology: "Most Wired" health care system 15 years in a row
• Leading research: MultiCare Institute for Research & Innovation, 40 years of ground-breaking, clinical and health services research in our communities
• Lifestyle: Live and work in the Pacific Northwest - offering breathtaking water, mountains and forest at every turn

Pay and Benefit Expectations

We provide a comprehensive benefits package, including competitive salary, medical, dental and retirement benefits and paid time off. As required by various pay transparency laws, we share a competitive range of compensation for candidates hired into each position. The pay scale is $60,297.00 - $86,767.00 USD. However, pay is influenced by factors specific to applicants, including but not limited to: skill set, level of experience, and certification(s) and/or education. If this position is associated with a union contract, pay will be reflective of the appropriate step on the pay scale to which the applicant’s years of experience align.

Associated benefit information can be viewed here.