Senior Financial Analyst

UI Health Care's Finance and Accounting team has an opportunity for a Senior Financial Analyst to play a critical role in ensuring financial accuracy, compliance, and efficiency within UI Health Care’s multi-billion-dollar enterprise. As a key technical expert, the analyst will maintain the integrity of the general ledger, oversee financial reporting processes, and enhance financial systems, ensuring data-driven decision-making at one of the nation’s leading academic medical centers. 

Hybrid within Iowa: Following an onsite training period, this position is eligible for a combination of on-campus and remote work. Remote work must be performed within Iowa and will require a work arrangement form to be completed upon the start of your employment. Per policy, work arrangements will be reviewed annually, and must comply with the remote work program and related policies and employee travel policy when working at a remote location

The role requires expertise in technical accounting, data analysis, and system administration and the ability to train and support users across campus on accounting best practices. The analyst reports to the Manager of Accounting & Financial Analysis and independently prepares journal entries, supporting workpapers and reconciliations for key enterprise-wide financial functions, budget vs actual variance analyses for financial statements and other key performance indicators, as well as serving as a key member to provide technical assistance, oversight, training, and education to internal stakeholders regarding accounting processes, financial statement interpretation, and financial reporting applications. The analyst also plays a critical role in the month-end & year-end accounting close processes in compliance with U.S. GAAP, GASB, and internal financial reporting frameworks by preparing financial statements and executive summaries for multiple reporting entities within UI Health Care. The position collaborates with key stakeholders across the health care enterprise, the University of Iowa, and external stakeholders to support financial initiatives, optimize financial processes, and ensure the accuracy and integrity of the general ledger and financial reporting frameworks. 

Position Responsibilities:

General Ledger Management & Financial Systems Oversight:

• Serve as a subject matter expert on UI Health Care’s general ledger (GL) structure, PeopleSoft chart of accounts, financial reporting applications, and institutional policies & procedures to ensure the integrity of the general ledger. 
• Evaluate, triage, review, and approve requests for new general ledger account requests, ensuring proper setup to comply with institutional financial reporting frameworks and U.S. GAAP by anticipating downstream financial reporting implications such as integration with institutional funds flow models, overheads, Medicare Cost Reporting, and consolidated financial statement preparation.
• Assist with the administration and oversight of institutional financial role assignments, ensuring strong internal controls and segregation of duties to facilitate the transfer of key information to appropriate parties for review and approval. 
• Vet, review, and approve financial reporting and journal entry feeder system access requests to ensure compliance with internal security and competence standards to mitigate risk and enhance financial accuracy.
• Provide technical assistance to campus users regarding financial reporting tools and accounting applications.
• Assist with the development of reporting system enhancements by collaborating with UI Accounting & Financial Reporting, UI Business Services, and health care IT teams to develop automated financial dashboards and analytic tools.

Financial Reporting: Month-End Close:

• Oversee key processes for enterprise-wide processes during high-intensity 7-business-day month-end close process to help facilitate timely and accurate financial statements and KPIs for multiple reporting entities across UI Health Care.
• Prepare and post complex journal entries, including internal overhead allocations, intra-company revenue sharing models, accounts payable accruals, and entries to maintain compliance with proper lease—and subscription-based IT asset accounting pursuant to GASB 87 and 96.
• Assist with preparing and developing dashboards, executive summaries, and financial reporting packages to provide concise and accurate financial insights to senior leadership.
• Analyze and report on key operational metrics such as equivalent patient days, occupancy percentages, wRVUs, clinic visits, and surgical cases relative to budget and historical trends.
• Develop and maintain processes to support key enterprise-wide balance sheet account reconciliations, such as prepaid assets, goodwill, rent receivables, intra-company receivables, and payables, as well as automated PeopleSoft General Ledger allocations.

Training, Education, & Day-to-Day Financial Oversight

• Serve as the primary contact behind a shared financial reporting email, directing end users across campus to appropriate resources promptly and professionally. 
• Assist with developing training & onboarding materials for key financial applications, policies, and procedures.
• Help lead efforts to educate campus financial users on a chart of accounts structure, financial reporting tools, and accounting policies as an administrative delegate for Health Care business officers. 
• Provide mentorship for staff across campus, ensuring financial analysts, accountants, managers, and others gain expertise in complex accounting, internal controls, and financial reporting.

Year-End Close, Financial Statement Preparation, & External Financial Reporting Processes:

• With oversight from the Manager & Director, assist with coordinating the year-end financial close and audit process, ensuring timely completion of external audits, rating agency surveys, and government compliance filings.
• Support external and state audit processes by preparing sections of consolidated financial statements, footnotes, and internal control narratives and responding to inquiries from audit teams.
• Assist with GASB technical research and implementation, ensuring UI Health Care remains at the forefront of evolving accounting standards.