Mission Statement
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 Summary
Michigan Medicine is seeking an experienced financial analyst to join the Adult Hospitals Finance team. The Adult Hospitals Finance team assists executive leadership in the management of the segment's three hospitals totaling approximately $2.2B in annual revenue. This position will be responsible for the preparation of materials and analysis in the monthly close cycle, development of financial analysis for business planning purposes, providing financial expertise on cross functional teams, supporting various aspects of the annual planning cycle, and acting as a key business partner to operational and executive management.
Candidates should possess a high degree of financial and business acumen and should have experience in business unit or corporate FP&A roles. Experience in healthcare finance is strongly desired.
Is This Job Right for You?
- Want to work in a collaborative environment and experience the value of being part of a strong team
- Can function independently to deliver projects in a timely and effective manner
- Are stimulated by working in ambiguity and creating business solutions that are novel to the organization
- View yourself as skilled in identifying, analyzing, and interpreting trends in complex financial data sets
- 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
Responsibilities*
- Partner with finance and operational leaders to provide financial analysis support including budget development, proforma modeling, business planning, decision support, performance measurement, variance analysis, benchmark analysis, and monthly reporting.
- Design, develop, and recommend new approaches to management reporting and operational decision making.
- Participate in multidisciplinary teams evaluating strategic, operational, and financial aspects of the clinical enterprise
- Perform business case analysis, including the creation of financial models and analysis of business trends to support growth opportunities
- Participate in special projects to improve reporting, analysis, and internal processes to achieve productivity improvements and customer service delivery
- Prepare and communicate monthly financial and operational reports/results to departments and stakeholders
Required Qualifications*
In order to be considered for this position the applicant must have met or will have met all the required qualifications prior to the start date of employment.
- A Bachelors degree or higher, preferably in Business, Economics, Finance, Health Administration, or a related field
- 5-8 years of professional experience
- Direct experience in FP&A roles or adjacent finance roles
- A high degree of finance and accounting acumen, problem-solving skills, and the ability to provide meaningful analysis of financial statements and other datasets.
- Familiarity with financial systems, relational databases, and enterprise resource planning tools
- Ability to assess competing priorities, manage workflow and meet operational deadlines
- A natural curiosity and a drive to learn
Desired Qualifications*
What will make you stand out?
- PeopleSoft / Oracle / Hyperion experience
- Experience with database query tools (SQL, Access, Tableau)
- Strong communication skills: both oral and written. Ability to analyze large amounts of complex information to present simple and concise material to the appropriate audience
- Experience in a healthcare, higher education and/or academic medical center setting desired.
Why Join Michigan Medicine?
Michigan Medicine is one of the largest health care complexes in the world and has been the site of many groundbreaking medical and technological advancements since the opening of the U-M Medical School in 1850. Michigan Medicine is comprised of over 30,000 employees and our vision is to attract, inspire, and develop outstanding people in medicine, sciences, and healthcare to become one of the world?s most distinguished academic health systems. In some way, great or small, every person here helps to advance this world-class institution. Work at Michigan Medicine and become a victor for the greater good.
What Benefits can you Look Forward to?
- Excellent medical, dental and vision coverage effective on your very first day
- 2:1 Match on retirement savings
Modes of Work
Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.
Underfill Statement
This position may be underfilled at a lower classification depending on the qualifications of the selected candidate.
Background Screening
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. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.
Application Deadline
Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled any time after the minimum posting period has ended.
U-M EEO Statement
The University of Michigan is an Equal Opportunity Employer. We are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants, including protected veterans and individuals with disabilities.