Senior Budget Analyst

The Senior Budget Analyst will help manage Wellforce’s spending to ensure that funds are allocated appropriately and used according to the organization’s annual finance projections. The team member will train/oversee the functions of a Budget Analyst.  Additionally, this individual will gather and analyze healthcare operational data, create and maintain budget records in accordance with company guidelines, and develop budget/planning recommendations for the organization. The Senior Budget Analyst will work closely with Decision Support and other Finance-related departments to receive and request appropriate data elements to assist in the completion of their assigned responsibilities. The individual will evaluate program effectiveness of Strategic and routine capital funding to determine if redistribution of funds is required.

Responsibilities:

• Assist Wellforce and its affiliates in preparation of annual operating budgets, evolution to rolling forecast model, and facilitation of capital budgets for all business units
• Translates developing processes and software/system rollouts into recommended actionable plans
• In collaboration with leaders and key stakeholders across Wellforce and its affiliate members, develop organizational and department-level budgets and rolling forecast using Dynamic Planning platform
• Review reports and proposals for accuracy and compliance within Wellforce budget standards
• Assist in the preparation of the annual capital budget process.  Works closely with Senior Management, physician leaders, department directors, managers, and Budget analysts to support the capital budget and cash flow impact
• Vet budget requests throughout the organization for merit and authenticity
• Monitor the spending throughout Wellforce and support keeping the organization within its determined budget
• Prepare financial reports as needed and/or review reports created by Budget analysts and utilize the data to proactively estimate future financial needs and proactively make recommendations
• Oversees/trains junior Budget staff in all budget/planning functions and any special projects which may arise. Prepares junior Budget staff for advancement and assists management in evaluation of said staff
• Educates Wellforce department directors and senior leaders on the use of dynamic planning and variance analysis tools and works with Finance leads to identify causes, while reporting to management potential impacts on operating results
• Consolidate the organization’s budgets for review with senior leadership as needed
• Defend budget recommendations with data and evidence-based analyses Cultivates and maintains productive working relationships with internal and external customers
• Prepare various financial analyses for the VP of Budget & Decision Support and the CFOs/VP’s for Finance in preparation for committee and board meetings
• Assist in the preparation of the monthly accounting and productivity monitoring for the hospitals
• Assist in preparing all required filings of third-party cost reports and regulatory agency reports
• Respond to ad hoc financial analyses, special projects, and other similar or related duties as required or directed
• Maintain budget and forecasting tools as needed
• Other relevant duties as assigned

Qualifications:

• Bachelor’s Degree in accounting or related financial field 
• 5+ years of finance and budget experience is required
• Familiarity working in a complex, matrixed healthcare organization is preferable
• Experience converting / upgrading budget systems is desirable
• Proven track record of working with key stakeholders to determine and track budgets
• Strong analytical and communications skills