MD Anderson Cancer Center Sr Financial Analyst - General Internal Medicine in Houston, Texas
Ideal candidate will have current or prior healthcare or academia experience.
The primary purpose of the Sr. Financial Analyst position is to analyze the business and budgetary management of departmental financial data for use in the institutional accounting processes. Provides skilled accounting expertise and progressive administrative leadership in the daily management of the department's accounting system. Responsible for formulating recommendations and creating operational procedures that impact financial efficiencies throughout the department. Manages the daily operation of the department's accounting system. Performs special assignments as required and prepares detailed scheduled and ad hoc audit reports, cost reports, etc., for department, divisional and institutional use.
Financial Management, Analysis, and Operational Reporting • Reconciles and manages the expense activity, account balances, and tracks the general revenue and other income deposits for ALL Department co/centers: includes salary and fringe accounts, Staff Development fund, Chairman's fund, Department M&O, Research M&O, faculty startup funds, endowment accounts, sponsored research and various donor accounts and any other department cost centers.
• Designs and develops systems and processes to improve service and product quality for internal and external customers.
• Prepares basic accounting data tools, such as journal vouchers and spreadsheets, for entry into the accounting system.
• Initiates contact with departmental representatives, other agencies or personnel, to resolve problems or questions regarding basic accounting data items.
• Audits vouchers and other documents processed during the daily course of business for accuracy and conformance with established General Accounting procedures and system and State regulations.
• Monitors industry grants to ensure appropriate distribution of funds when payments are received. Work closely with Grants and Contracts Accounting and the involved faculty to ensure that the most recent version of pharmaceutical grant budgets is being utilized for payments and payment distribution.
• Instructs departmental staff regarding financial applications and systems, i.e., the account reconciliation process, entry posting and reconciliation of departmental staff development funds, and general accounting practices and procedures.
• Analyzes all accounting and financial operations on a continuous basis and makes recommendations for policy and/or procedural change.
• Produces monthly financial reports for Department Administrator, Chairman, and all Faculty – to include free balance, monthly report of expenditures, and expenses by PI/company center – and charts this data as required.
• Reports to PRS as needed; negotiates annual carryover of funds based on reconciliation.
• Develops and maintains database to track clinical revenue and work RVUs and generates monthly reports for management use or distribution to the Division.
• Maintains department database for detailed transactions for all company centers; updates and upgrades queries and reports as required; publishes reports from this data as required.
• Directs assigned ProCard reconciliations and ensures ProCard deadlines are met.
• Maintain controlling records required to ensure accuracy of all data entered into the accounting system.
Designated as the Primary Effort Coordinator for the Department to facilitate planning, monitoring, managing, and certification of effort on sponsored and non-sponsored funds in the ECRT system. Ensures effort commitments entered into various systems is accurate and used for compliance reporting.
• Prepares and submits other reports to the Division of Internal Medicine and/or institutional Departments as requested.
Budget Planning • Collaborates with the Department Administrator to develop the annual budget for the department.
• Analyzes all activity of prior year expenses, revenue projections, budget revisions, etc. to establish relative trends and activity patterns.
• During the annual budget process, assists with projections for revenue and expenses by utilizing and analyzing departmental, divisional, and institutional data.
• Prepares all supporting documentation for Quartering Forecasting of revenue and expenditure projections (including capital equipment, FTE & patient activity), and enters same into Hyperion.
• Assists the Department Administrator in preparation of sponsored research budgets by applying guidelines and procedures established by the department and the institutional oversight offices, and by adhering to the granting agency's procedures and stipulations.
• At the beginning of each fiscal year, reconciles approved budget with supporting detail in department database.
Grants and Contract • Maintains departmental Grants and Contracts database to verify the accuracy of the institutional financial systems and generates monthly reports for the Chairman and Department Administrator.
• Ensures chartfield string signature approvals established for all new awards.
• Manages the department's financial files for all grant/sponsored research and donor funding.
• Assembles comprehensive review of awards and expenses
• Performs audit review of grant/sponsored research payment status as requested.
• Prepares grant and contract budget proposals, or participates in their preparation, as requested.
• Reviews and approves JDUFs, for compliance with institutional and granting agency's guidelines. Performs analysis to review impact of all salary adjustments on effort commitments levels and makes appropriate changes as required by federal guidelines.
• Reconciles all research accounts
Other duties as assigned
Required: Bachelor's degree in Business Administration or related business specialty. Five years experience in data analysis, accounting or financial project management.
Salary Range:$68,400 - $85,500 - $102,600
Onsite Presence: Is Required
Attention to detail
It is the policy of The University of Texas MD Anderson Cancer Center to provide equal employment opportunity without regard to race, color, religion, age, national origin, sex, gender, sexual orientation, gender identity/expression, disability, protected veteran status, genetic information, or any other basis protected by institutional policy or by federal, state or local laws unless such distinction is required by law. http://www.mdanderson.org/about-us/legal-and-policy/legal-statements/eeo-affirmative-action.html