FINANCIAL ANALYST (50080394)

Job Role Summary

The Financial Analyst is responsible for compiling, analyzing, and reporting financial and statistical data across Health & Hospital’s governmental and enterprise funds. In this role, you will develop and maintain financial models, create pro-forma statements, and collaborate with various departments and divisions within the organization to ensure completeness and data accuracy. This position also plays a key role in developing annual budgets, conducting monthly financial and operational reviews, and informing strategic decision-making through data-driven insights.

Day in the Life: You will spend much of your day reviewing and analyzing monthly governmental and enterprise fund financials, collecting and validating large datasets, and preparing financial and statistical forecasts to support operational and strategic decisions. You will also support budgeting processes that are presented to the HHC Board of Trustees, Indianapolis City County Council, and Indiana Department of Local Government Finance for approval, converting statutory requirements into operational budgets. Beyond routine reporting, you may tackle special projects such as labor & benefits analyses, service line analyses, service line expansion, capex planning and ROI analyses.

Essential Duties

Financial Analysis & Reporting (60%)

• Review, analyze, and monitor the monthly financial performance of governmental and enterprise funds, identifying significant trends, variances to budget and prior year, risks, and opportunities.
• Analyze healthcare financial data and key performance indicators, including service volumes, reimbursement trends, payer mix, labor costs, supply costs, and departmental performance.
• Combine complex data sets in a format that is easily understandable for both Senior level leadership and stakeholders with non-financial backgrounds.
• Collaborate with accounting and other departments/divisions to ensure accurate data collection and reconciliation for monthly reporting.

Budgeting & Planning (30%)

• Assist with the implementation, configuration, and ongoing maintenance of budgeting and financial planning software, ensuring accurate data, effective system functionality, and alignment with organizational budgeting processes.
• Support the annual operating and capital budgeting processes, including developing and refining budget assumptions.
• Assist in preparing the statutory budget that must be submitted for HHC Board of Trustees, Indianapolis City County Council, and Indiana Department of Local Government Finance approval, transitioning finalized allocations into a working operational budget.

Process Improvement & Special Projects (10%)

• Review financial and operational processes and explore ways in which we can become more efficient.
• Complete special projects and other financial analyses as assigned by the Director of Decision Support and Strategy, providing timely, accurate, and actionable results to support organizational priorities and decision making.

Associated Job Duties

• Coordinate with the Decision Support department and other stakeholders to ensure consistent data quality and reporting standards.
• Contribute to internal and external benchmarking efforts by gathering, cleaning, and analyzing relevant datasets.
• Provide support for ad hoc requests, financial presentations, and special reports as directed by leadership.

Qualifications

Education/Experience:

• Required: Bachelor’s degree in accounting, finance, or a closely related field.
• Preferred Experience: 1–3 years of professional experience in accounting or finance; at least 1 year experience in the healthcare industry.
•  Data Analysis & Modeling: Demonstrated ability to analyze large datasets, create financial models, and present findings to stakeholders.

Licenses/Certifications Required

• Preferred: CPA (Certified Public Accountant) or CFA (Chartered Financial Analyst).
• Additional relevant certifications or credentials in data analytics/business intelligence are advantageous.

Knowledge, Skills & Abilities

Financial & Data Analysis

• Proficiency in Microsoft Excel (including advanced formulas and pivot tables), Word, and PowerPoint.
• Familiarity with analytics platforms such as Power BI or SAP Analytics Cloud for creating dashboards and visualizing data.
• Ability to create and update financial models extending out multiple years with constantly changing variables.

Budgeting & Forecasting

• Working knowledge of annual budget cycles/processes, capital planning, and variance analysis.
• Capable of creating multi-year projections and assisting with statutory budget requirements.

Communication & Collaboration

• Strong written and verbal communication skills for presenting data-driven insights to leadership and cross-functional teams.
• Ability to build effective working relationships with Accounting, IT, and other departments.

Problem-Solving & Initiative

• Skilled at identifying financial and statistical variances and investigating root causes.
• Self-starter attitude with a willingness to propose improvements to existing processes, methods, and tools.

Confidentiality & Professionalism

• Proven ability to handle sensitive or confidential financial information in accordance with corporate procedures.

Working Environment

Hybrid Schedule: Combination of on-site and remote work as determined by organizational policy.
Physical Requirements: Primarily sedentary with occasional travel for meetings or presentations.
Occasional Travel: Possible off-site visits for trainings or cross-departmental collaborations.