Sr. Financial Specialist

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A Brief Overview
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.

What you will do
  • 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 mangers 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.

Education Qualifications
  • Bachelor's degree in a work-related field/discipline from an accredited college or university

Experience Qualifications
  • Six (6) years of progressively responsible and directly related work experience

Required Knowledge, Skills and Abilities
  • Ability to analyze and develop solutions to complex problems
  • Ability to analyze information, reach valid conclusions and make sound recommendation
  • Ability to apply judgment and informed decisions
  • Ability to apply sound independent judgment in the solution of complex financial problems
  • Ability to communicate complex concepts in simple form to non-finance users to understand the appropriate use and limits of the information provided
  • Ability to communicate effectively in written and verbal formats including summarizing data, presenting results
  • Ability to establish and maintain effective working relationships
  • Ability to evaluate business operations to compute affect to budget and funding expenditures
  • Ability to manage, organize, prioritize, multi-task and adapt to changing priorities
  • Ability to model financial information and forecast data to arrive at conclusions
  • Ability to work effectively both as a team player and leader
  • Knowledge of computer systems and software used in functional area
  • Knowledge of financial forecasting techniques
  • Knowledge of local, state and federal regulatory requirement related to the functional area
  • Knowledge of principles and practices of budgeting and finance including the analysis and reporting of financial data

These principles apply to ALL employees:

SHC Commitment to Providing an Exceptional Patient & Family Experience

Stanford Health Care sets a high standard for delivering value and an exceptional experience for our patients and families. Candidates for employment and existing employees must adopt and execute C-I-CARE standards for all of patients, families and towards each other. C-I-CARE is the foundation of Stanford's patient-experience and represents a framework for patient-centered interactions. Simply put, we do what it takes to enable and empower patients and families to focus on health, healing and recovery.

You will do this by executing against our three experience pillars, from the patient and family's perspective:

  • Know Me: Anticipate my needs and status to deliver effective care
  • Show Me the Way: Guide and prompt my actions to arrive at better outcomes and better health
  • Coordinate for Me: Own the complexity of my care through coordination

#LI-RL1

Equal Opportunity Employer Stanford Health Care (SHC) strongly values diversity and is committed to equal opportunity and non-discrimination in all of its policies and practices, including the area of employment. Accordingly, SHC does not discriminate against any person on the basis of race, color, sex, sexual orientation or gender identity and/or expression, religion, age, national or ethnic origin, political beliefs, marital status, medical condition, genetic information, veteran status, or disability, or the perception of any of the above. People of all genders, members of all racial and ethnic groups, people with disabilities, and veterans are encouraged to apply. Qualified applicants with criminal convictions will be considered after an individualized assessment of the conviction and the job requirements.