Financial Analyst - Department of Surgery
University of Iowa Health Care is seeking a Financial Analyst for the Department of Surgery to independently perform a broad range of complex accounting and financial analysis responsibilities to assure accurate, effective, and compliant organizational/department/unit operations.
Job Responsibilities
• Prepare salary, fringe, and expense projections for all Department of Surgery divisions as well as quarterly forecasts for the Department.
• Assist with and support development of annual operating budget. Assist with data entry into StrataJazz system.
• Monitor and review monthly budget-to-actuals and provide reports to DAO and Assistant DAO.
• Prepare forecast of monthly income statements and review with finance team.
• Set up and monitor salary splits for the department on all open accounts. Process payCVs and HR change of statuses as necessary.
• Collaborate with finance team to balance accounts, calculate accruals, close accounts, review malpractice reports, and work on divisional budgets and forecasts.
• Assist as needed with development of grant budgets, oversee expenditures for grants, contracts, subawards and gifts for the Department while upholding UI and sponsor policies and procedures.
• Assist as needed with completion of grant closeouts in conjunction with Grant Accounting Office (GAO) and external sponsors.
• Assist with post-award financial management including review of budget vs. actual expenditures. Provide monthly reports to PIs, DAO and DEO regarding research funding.
• Conduct monthly review of general ledger.
• Generate divisional income statements, provide notes on inconsistencies, and offer recommendations.
• Generate monthly individual provider level and division level profit/loss statements.
• Generate division level effort reports.
• Review monthly funds flow reports and transactions. At the Department level, prepare and complete entries assigning funds flow to proper divisions/accounts.
• Create, process, review, increase or amend purchase orders as needed.
• Prepare forecasts for DAO as requested for numerous reports from expenses, salaries, VA commitments, monthly divisional snapshots and comparison to prior years.
• Evaluate and track CCOM/Hospital/other commitments and purchased services.
• Approve transactions in workflow.
• Monitor gift accounts through the University of Iowa Center for Advancement; generate reports and initiate transfers.
• Enter monthly METS effort, track changes, and generate reports for DAO and finance team; collaborate closely with finance team to ensure accurate, consistent reporting.
• Ensure funds are managed to maximize organizational impact while maintaining strict compliance with policies.
• Work closely with clinical and operational teams to integrate financial insights into strategic planning efforts.
• Participate in calculating and processing of monthly, quarterly, and year end special compensation payments.
• Participate in annual compensation review for faculty, facilitating COS as needed for faculty and staff, entering salaries into salary setting tool; review and monitor monthly.
• Track faculty commitments and prepare special compensation payments for onboarding faculty members including transition payments and relocation expenses.
• Monitor departmental accounts, submit journal entries (JE) and/or WebCV, payCV and request corrections from external departments as needed.
• Resolve account discrepancies, respond to inquiries and recommend adjustments needed to balance accounts.
• Analyze areas that can be streamlined and propose plan for implementing efficiencies.
• Train/guide new employees in Department on monthly reconciliation tasks.
• Train new employee to review statements, approve transaction detail reports (TDRs), pCards, allotments, travel and purchasing policies.
• Review work for accuracy and making changes as needed.
• Work with HR to align salaries between the UI and VA.
Percent of Time: 100%
Schedule: Monday through Friday, 8:00 am to 5:00 pm.
Location: UI Health Care Medical Center University Campus
Pay Grade: 3B Professional and Scientific Pay Structures | University Human Resources - The University of Iowa
Benefits Highlights:
• Regular salaried position located in Iowa City, Iowa.
• Fringe benefit package including paid vacation; sick leave; health, dental, life, and disability insurance options; and generous employer contributions into retirement plans. For more information on benefits, please visit UI Health Care Benefits.
• For more information about Why Iowa? click here.
Education Requirements
• A bachelor’s degree in business, Health Administration, Accounting, Finance, or related field from an accredited college or university, or an equivalent combination of education and experience.
Experience Requirements
• 1 year of experience in accounting, auditing, cost accounting, budget, and/or financial analysis.
• Experience gathering information from multiple data sources, understanding the context, and demonstrating detailed analytical skills with the ability to turn raw data into actionable information.
• Demonstrated excellent written and verbal communication skills.
• Demonstrated accuracy and attention to detail.
• Proficiency in computer software applications.
Desired Qualifications
• Knowledge of accounting and budgeting tools including Cayuse and eRA Commons.
• Knowledge of federal, state, local, and private funding agencies, policies, and regulations.
• Knowledge of accounting and budgeting tools including: Peoplesoft, StrataJazz, GL Reporter, and Iowa Electronic Financial Reports (EFR).
• Knowledge of University accounting policy, procedure, and systems.
• Ability to multitask and work in a fast-paced environment.
Application Process: In order to be considered for an interview, applicants must upload a resume and cover letter and mark them as a "Relevant File" to the submission. Job openings are posted for a minimum of 7 calendar days and may be removed from posting and filled any time after the original posting period has ended. Successful candidates will be required to self-disclose any conviction history and will be subject to a criminal background check and credential/education verification. Up to 5 references will be requested at a later step in the recruitment process.
This position is not eligible for University sponsorship for employment authorization.
For additional questions, please contact kiley-skay@uiowa.edu
The Department intends to hire one candidate from either the Financial Analyst (Req # 26001403) or Senior Financial Analyst (Req # 26001419) posting based on the qualifications of the successful candidate.
Equal opportunity employer
The University of Iowa is an equal opportunity employer. All qualified applicants are encouraged to apply and will receive consideration for employment free from discrimination on the basis of race, creed, color, religion, national origin, age, sex, pregnancy (including childbirth and related conditions), disability, genetic information, status as a U.S. veteran, service in the U.S. military, sexual orientation, or associational preferences.
Persons with disabilities who need assistance or accommodations with the application or interview process may contact University Human Resources/Faculty and Staff Disability Services, (319) 335-2660 or fsds@uiowa.edu. For jobs in UI Health care, please contact UI Health care Leave & Disability Administration at 319-356-7543.
