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Financial Analyst

Company: Stanford Medicine
Location: Santa Clara
Posted on: June 23, 2022

Job Description:

The Department of Radiology at Stanford University is dedicated to excellence in clinical care, research, education, and administration. The people and programs comprising Stanford Radiology are world-renowned. Stanford Radiology's core strength lies in its people: faculty, who are highly regarded for their deep subspecialty expertise, dedication to patient care, and responsiveness to referring providers; multidisciplinary researchers who continue to push the boundaries of innovation in physics and engineering to develop cutting-edge methods for enhanced anatomic and functional imaging; staff who are dedicated and engaged in moving the mission of the department, school, and university forward.

Reporting to the director of finance and administration, and in collaboration with the director of clinical finance and director of post award finance, the finance analyst will provide high level financial management and analysis of highly complex issues including clinical projections related to funds flow, faculty compensation, research funding and faculty salary support, endowment analysis and projections, and specialized business strategy planning for outpatient imaging centers and other revenue generating projects.

The financial analyst is responsible for analyzing, synthesizing the entire department's portfolio of funds, fund types, and cash flows so that it can be presented in a high level format for the chair and leadership team to make decisions for department strategic programs. This individual will analyze, evaluate the cost benefits, effectiveness of all current and future programs, initiatives, and will develop strategic planning plans through financial data modeling and presentation.

Duties include:

  • Perform highly analytical, complex finance and control functions; multi-dimensional and complex reconciliations and related analysis; prepare or review and approve complex transactions and higher level dollar value transactions.
  • Research, and synthesize data; interpolate results from large amounts of data, identify trends in data, draw conclusions, develop solutions, present and implement recommendations, and create follow up analysis.
  • Develop complex budget and forecasting scenarios, long-range planning and analyses for financial reporting and presentations; design and run ad hoc reports.
  • Identify and resolve unique issues with substantial significance; recognize exceptions, and conduct in-depth analysis using advanced technical knowledge and experience. Recommend and develop solutions that may require policy changes or the development of new processes; maintain broader organizational and university perspective in decision making.
  • Review, design, and implement appropriate internal control programs, research new regulations, and implement approved changes. Manage compliance program for area of responsibility, interpret internal policy and external regulations, and create and/or review complex compliance reports.
  • Lead and execute unit or cross functional projects and teams, make decisions regarding projects and programs affecting operational effectiveness, policies, or processes.
  • Engage in continuous critical analysis of existing systems and processes; make recommendations to achieve greater efficiencies and improve internal controls. Define requirements, develop and implement complex test cases, perform testing and analyze results.
  • Lead and support unit and organization strategy and change management initiatives.
  • Provide training on new financial systems. Represent organization to client group(s) and external partners; serve as subject matter expert on matters that involve complex technical, financial, or subject matter expertise.
  • Assess client and business needs, and formulate recommendations to determine approach to managing and completing processes.
  • May supervise, train, coach, and review the work of other staff, as needed. Contribute primarily through applying individual expertise

    As an organization that receives federal funding, Stanford University has a COVID-19 vaccination requirement that will apply to all university employees, including those working remotely in the United States and applicable subcontractors. To learn more about COVID policies and guidelines for Stanford University Staff, please visit https://cardinalatwork.stanford.edu/working-stanford/covid-19/interim-policies/covid-19-surveillance-testing-policy

    * - Other duties may also be assigned

    EDUCATION & EXPERIENCE (REQUIRED):

    Bachelor's degree and six years of relevant experience or combination of education and relevant experience.

    KNOWLEDGE, SKILLS AND ABILITIES (REQUIRED):
    • Advanced proficiency in business applications, such as Microsoft Office suite, especially Excel.
    • Advanced knowledge of Enterprise Resource Planning and financial systems; internet and computer literacy.
    • Knowledge of GAAP.
    • Advanced professional communication skills, including ability to prepare materials for and clearly and effectively communicate information to internal and external audiences, client groups, and management.
    • Strong project management skills and ability to contribute to or lead part of a multi-functional team.

      CERTIFICATIONS & LICENSES:

      None

      PHYSICAL REQUIREMENTS*:
      • Constantly sitting.
      • Frequently perform desk-based computer tasks, use telephone, writing by hand, sort/file paperwork.
      • Occasionally stand/walk, lift/carry objects weighing 11-20 pounds.
      • Rarely reach/work above shoulder.
        * - Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.

        WORKING CONDITIONS:

        Routine extended working hours during peak cycles; travel to school/unit sites across university.

        WORK STANDARDS:
        • Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.
        • Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors based on training and lessons learned.
        • Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University's Administrative Guide, http://adminguide.stanford.edu.

          Additional Information
          • Schedule: Full-time
          • Job Code: 4453
          • Employee Status: Regular
          • Pay Grade: J
          • Department URL: http://radiology.stanford.edu/
          • Requisition ID: 93688 As an organization that receives federal funding, Stanford University has a COVID-19 vaccination requirement that will apply to all university employees, including those working remotely in the United States and applicable subcontractors. To learn more about COVID policies and guidelines for Stanford University Staff, please visit https://cardinalatwork.stanford.edu/working-stanford/covid-19/interim-policies/covid-19-surveillance-testing-policy

Keywords: Stanford Medicine, Santa Clara , Financial Analyst, Accounting, Auditing , Santa Clara, California

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