Senior Financial Analyst - Stead Family Children's Hospital

Position Specific Summary:

Within University of Iowa Stead Family Children’s Hospital (SFCH) and Children’s and Women’s Nursing Services (CWS), this position assists with capital and operating budget creation, monitoring and financial tracking, and reconciling grant financial reports. This position provides high-level analytical and operational support to SFCH leadership, serving as a key resource for data-driven decision-making and strategic initiatives. This role is responsible for developing and maintaining data systems, dashboards, and reporting processes, while leading special projects that enhance operational efficiency and financial performance. Working with a high degree of autonomy, the position requires strong critical thinking, organization, and communication skills to manage complex information, support budgeting and workforce planning, and ensure data integrity across the department.

Position Responsibilities

Financial Reporting

·         Perform routine financial audits of accounts, report findings, verify compliance and facilitate action plans according to the contracts

·         Utilize protocols to initiate or approve expenses

·         Monitor account balances and reconcile department TDRs

·         Complete mandatory reconciliations and reporting following pre-established processes.

·         Mange data gathering and reporting initiatives across multiple sources

·         Prepare budget and accounting reports for SFCH and CWS ACNO.

·         Review monthly financial statements and prepare variance and budget comparison reports.

·         Provide and communicate financial information to SFCH CAO and CWS ACNO.

·         Assess variance reports on revenue, expenses, and other statistical measures. Prepare highly specialized reports as requested.

·         Forecast capital equipment needs and estimate replacement costs on a multi-year cycle.

Financial Oversight and Budgeting

·         Prepare financial analysis of information for budget development.

·         Oversee workflows for operational, gift, and capital purchases

·         Assist with the monthly and annual accounting processes.

·         Assist in forecasting patient volume and staffing needs

·         Manage MFK (account) setup, usage, and expense tracking

·         Manage financial processes related to registrations, payments, and deposits

·         Monitor and reconcile gift accounts and ensure compliance with funding requirements

·         Analyze and explain budget variances and initiate corrections as needed

·         Coordinate annual capital inventory and collaborate with auditors to verify equipment

·         Track and manage capital assets in collaboration with Bioengineering

·         Manage purchasing, replacement, and distribution of workstations and clinical equipment

Financial Analysis and Planning

·         Perform complex financial and statistical analysis utilizing expert knowledge of financial systems.

·         Utilize decision support/data warehouse systems to develop proforma and business analysis for programmatic and strategic initiatives.

Compliance with Policies, Regulations and Laws and Operational Oversight

·         Advise and guide divisions within department on compliance requirements such as TDRs, sub certification and cash handling.

Leadership and Training

·         Provide data analytic support to SFCH and CWS leadership

·         Provide best practice training to others.

·         Train and support leadership in use of data tools and reporting systems

·         Recommend and assist in developing training solutions to increase accuracy, efficiency and effectiveness of financial transactions.

·         Advise leadership within the department on appropriate financial controls, transactions, and accounting processes.

·         Provide functional and/or administrative supervision (direction, assignments, feedback, coaching and counseling) to ensure outcomes are achieved.

·         Supervise staff, including assigning work, coaching, and performance management

Strategic Planning

·         Assist in coordination/preparation of analysis for strategic plans in support of SFCH CAO and CWS ACNO.

·         Contribute to tactical and strategic planning, including resource allocation and goal alignment

Percent of Time: 100%

Work Schedule: Monday – Friday, Hours generally worked between 8:00am-4:30pm

Pay Grade: 4B

https://hr.uiowa.edu/pay/guide-pay-plans

Benefits Highlights

• Regular salaried position located in Iowa City, IA
• Fringe benefit package including paid vacation; sick leave; health, dental, life and disability insurance options; and generous employer contributions into retirement plans
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