How to Apply
A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.
Position Details: Intermediate Financial Analyst – Clinical Financial Planning and Analysis
Michigan Medicine Finance is seeking a financial analyst to join the Clinical Financial Planning and Analysis team. The Clinical Financial Planning and Analysis group plays a key role in helping leadership make data-driven strategic decisions by evaluating strategic, operational and financial aspects of the clinical enterprise. The primary customers for this role include Michigan Medicine financial leadership, Health System-wide leadership, as well as departments within Michigan Medicine.
Is This Job Right for You? This job might be right for you if you…
- Want the challenge of learning and applying financial skills in the healthcare industry
- Want to work in a collaborative environment and experience the value of being part of a strong team
- Enjoy working with large sets of data to identify opportunities for management to consider as well as find solutions to known issues
- Have a natural curiosity for investigation of operational performance variances and the ability to translate the analyses into actionable information for decision making at all levels within the organization
- Work with large data sets, synthesize and summarize financial findings effectively, allowing for the identification of key issues and decision-making criteria.
- Work with customers and the team to gather, define and document requirements, conduct analysis, and document findings.
- Demonstrate a curiosity to obtain details from operational partners regarding proposed business decisions that can be translated into analyses such as return on investment, net present value, discounted cash flow models or other techniques.
- Design, develop and recommend new approaches, methodologies and tools for data-driven decision-making and planning.
- Participate in multidisciplinary teams evaluating financial aspects of the clinical enterprise.
- Perform business case analysis and analysis of business trends.
- Participate in special projects to improve reporting, analysis, and internal processes to achieve productivity improvements and customer service delivery.
- Partner with Business Unit representatives to prepare their detailed annual budget.
- Identification of reports and analysis that can be produced and accessed more broadly.
- Prepare ad hoc analyses and other related duties as assigned.
- Bachelor’s degree in Business Administration with emphasis in finance, healthcare informatics, computer science, or information science
- Familiarity with query writing software, querying relational databases, applying business process/data modeling, and other analytical tools/techniques surrounding financial analytics.
- Problem solving capabilities including root cause analysis, development of alternative solutions, and recommended course of action
- Strong communication skills – both oral and written. Ability to analyze large amounts of data to present simple and concise material to the appropriate audience
- Financial systems acumen, including experience with MS Excel (Pivot tables, VLookups, etc.), statistical packages, and PowerPoint as tools for analytics and communication
Intermediate level :
- 2-5 years of professional experience
- 0-2 years of professional experience
- Familiarity with PeopleSoft / Oracle / Hyperion systems
- Experience with SQL coding
- Ability to translate analyses into actionable information for decision making
- Experience in a healthcare, higher education and/or academic medical center setting
This position may be underfilled at a lower classification depending on the qualifications of the selected candidate.
The mission of Michigan Medicine is to improve the health of patients, populations, and communities through excellence in education, patient care, community service, research, and technology development, and through leadership activities in Michigan, nationally, and internationally. With annual revenues of approximately $4.5 billion, Michigan Medicine ranks as one of the top academic health centers in the country, and is committed to providing exceptional patient care, facilitating groundbreaking research and developing the next generation of physicians and scientists. Michigan Medicine consists of the University of Michigan Hospitals, the University of Michigan Medical School and its Medical Group, Michigan Health Corporation, and affiliated health systems.
Michigan Medicine Finance serves as the central finance group for the organization and is comprised of five functional areas: Clinical Financial Planning & Analysis, Enterprise Financial Reporting, Reimbursement, Medical School Finance, and Financial Systems.
Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act.
Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.
Job openings are posted for a minimum of seven calendar days. This job may be removed from posting boards and filled anytime after the minimum posting period has ended.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.