Financial Analyst III at StanfordMedicineChildrensHealth

JOB SUMMARY This paragraph summarizes the general nature, level and purpose of the job. Performs highly specialized and complex financial analysis, budget analysis, and related fiscal functions for a large and diverse hospital service line/department or is responsible for coordinating a major budget/financial analysis program in the Hospital Finance Department. Duties include financial planning, forecasting and modeling, budget development, performance monitoring and management reporting. Prepares and provides complex analysis for special and high-level reports for review at the executive level. Provides leadership in the fiscal planning process and recommends process improvements. ESSENTIAL FUNCTIONS The essential functions listed are typical examples of work performed by positions in this job classification. They are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Employees may also perform other duties as assigned. Employees must abide by all Joint Commission Requirements including but not limited to sensitivity to cultural diversity, patient care, patient rights and ethical treatment, safety and security of physical environments, emergency management, teamwork, respect for others, participation in ongoing education and training, communication and adherence to safety and quality programs, sustaining compliance with National Patient Safety Goals, and licensure and health screenings. Must perform all duties and responsibilities in accordance with the hospital's policies and procedures, including its Service Standards and its Code of Conduct. * Advises managers on financial planning, analysis and system development. Support managers by modeling financial impacts. * Assists in the development, implementation and management of financial systems, cost accounting systems and/or financial policies and procedures as appropriate. * Collaborates with auditors and accountants to develop and maintain internal controls for compliance with state and internal audit standards. * Provides information to internal/external auditors and management as requested. * Coordinates and participates in the preparation of various financial reports, business plans and analyses for management. * Develops budget or fiscal reporting formats. * Develops and revises methodologies for forecasting cost and revenues; develops and maintains electronic system to track the deviations between budgeted forecast and actual levels. * Develops or coordinates preparation of budgets, program narratives and finance plans; analyzes financial projections and assists managers in developing budget proposals. * Maintains liaison with operating department managers to advice departments regarding financial results, budget variances, internal controls and related financial matters. * Participates in the design and implementation of budget and financial system improvements. * Uses computer software to model resource scenarios. * Organizes and develops automated financial systems. * Plans, develops, and coordinates the preparation of financial analyses and reports including, but not limited to, operational and capital budgets, financial statements, statistical reports, cost analyses and other financial information for management. * Provides financial information which enables management to make informed long-term and short*term decisions. * Recommends procedures and implements corrective action wherever indicated in operations, areas out of compliance with hospital policy, internal controls and accounting policies, as assigned. * Reviews and/or prepares federal, state and other regulatory reports, ensuring compliance with established guidelines, as assigned.