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University of Minnesota - 15th Ave Financial Analyst Generalist in Minneapolis, Minnesota

Job ID358453 LocationTwin Cities Job FamilyFinance Full/Part TimeFull-Time Regular/TemporaryRegular Job Code9782FG Employee ClassAcad Prof and Admin About the Job General Statement of Responsibilities: As a thought partner for the organization, the Financial Analyst will provide ongoing financial support for clinical operations working cross-functionally to lead financial analysis, identifying optimal decisions and processes and consulting with clinic leadership on potential business impacts. Strong communication and interpersonal skills along with proficiency with Excel and other data management tools are required for this position. Boynton Health has an annual budget of $ 44 million dollars and provides a comprehensive healthcare approach to student health, with offerings such as physical therapy, urgent care, a gynecology clinic, primary care, therapy, psychiatry, dentistry, an on-site pharmacy and vision clinic. The mission of Boynton is to improve the health and wellbeing of University of Minnesota students and the campus community, and the clinic serves approximately 29,000 students and staff annually. Salary Range: $96,061-$115,000 depending upon qualifications and experience. Detailed Job Responsibilities: Financial Analyst Clinical Operations (50%): Provides financial analysis and reporting to support clinical operations. Manage the annual budgeting and forecasting process. Develops and prepare routinized financial reporting analysis including trending analysis variance analysis, and identification of risk and opportunity areas for departments and divisions Performs data collection from multiple sources with integration into financial models to allow for complex analysis, to assist faculty and administrators with recommendations for improvements. Creates models for many purposes including: budget and forecasting, new business, physician productivity, workload allocation, opportunity cost, contract value, revenue maximization, compensation, operational efficiencies, payer reimbursement and business trending. Track clinical operations performance related to provider productivity, clinic visits, net patient revenue, staffing, dashboard indicators, and other measures identified within organizational planning and provide timely reporting to senior leadership related to results, trends, and variances to targets. Assist in Preparing (input) in the annual PeopleSoft budgeting. Revenue Cycle Financial Reporting (20%) Support revenue cycle management with AR valuation, charge analysis, fee schedule analysis, contract performance and other analysis as needed. Provide ongoing support for net patient revenue determination by service area and visit type for financial reporting and analysis. Perform ad-hoc reporting and analysis using UM Analytics, PNC and Dentrix applications. Work closely with the Finance Director and Revenue Cycle Manager to assist in managing reimbursement contracts, including analysis, validation and recommending improvements in the utilization of student fees. Work closely with the Finance Director to oversee and develop provider compensation initiatives. Other Accounting Duties and Responsibilities as Assigned (30%)*: Process journal entries to record expense and fund transfers and balance sheet transactions accruing expenses or revenues. Assess appropriateness of requested journal entries and work with finance staff to make corrections consistent with University or collegiate policy. Support Boynton's financial reporting and assist with both cash reporting and accrual based accounting of revenue and expenses as appropriate. Enter capital asset receipts and update as necessary. Identify and resolve problems that arise throughout the purchasing process. Work with the Finance team, Boynton administrators, central administration and vendors to resolve issues. Create forms necessary to meet cluster, department and system needs. Complete and oversee through to payment all higher-cost contracts for professional se vices. Reconcile periodic procurement card charges against supporting documents provided by card holders. Collaborate closely with the University Peak Initiative to support transitioning purchasing tasks centrally when possible. *Some of these tasks may transition to Central Accounting per the University Peak Initiative. Remaining time will be increased in financial reporting and analysis responsibilities and functions. Qualifications Required Qualifications: BA/BS degree in business, finance or related field and at least 8 years of experience in finance or related position. Experience in a healthcare organization performing clinical analysis. Experience presenting, and ability to explain, complex financial information to clinical and administrative leadership. Time management skills with demonstrated ability to be self-directed and meeting job responsibilities. Advanced to Expert experience with Excel including the development of data models, use of pivot tables, joining and consolidating data, charting data and formatting charts, and the use and creation of complex formulas. Preferred Qualifications: Experience with PeopleSoft. Clinical analysis experience in an outpatient primary care setting. Excellent strategic decision making and communication skills, including the ability to manage multivariate problems. Experience with a healthcare practice management system within an electronic health records. Contract management. Experience in developing compensation plans based on productivity. About the Department About Boynton Health, Finance Boynton Health is the on-campus student health care clinic at the University of Minnesota Twin Cities. Our mission is to create a healthy community by working with students, faculty, and staff to achieve physical, emotional, and social well-being. Boynton provides comprehensive high-quality health care, conducts community-based public health initiatives, and sponsors student-led health promotion in the areas of sexual violence prevention, sexual health, tobacco, alcohol, nutrition, and stress management. Benefits Working at the University At the University of Minnesota, you'll find a flexible work environment and supportive colleagues who are interested in lifelong learning. We prioritize work-life balance, allowing you to invest in the future of your career and in your life outside of work. The University also offers a comprehensive benefits package that includes: Competitive wages, paid holidays, and generous time off Continuous learning opportunities through professional training and degree-seeking programs supported by the Low-cost medical, dental, and pharmacy plans Healthcare and dependent care flexible spending accounts University HSA contributions Disability and employer-paid life insurance Employee wellbeing program Excellent retirement plans with employer contribution Public Service Loan Forgiveness (PSLF) Financial counseling services Employee Assistance Program with eight sessions of counseling at no cost with free or reduced rates in the Twin Cities metro area Please visit the for more information... For full info follow application link. The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds. The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu.

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