FINANCIAL ANALYST I - Pharmacy
Duke University Hospital is consistently rated as one of the best in the United States and is known around the world for its outstanding care and groundbreaking research. Duke University Hospital has 957 inpatient beds and offers comprehensive diagnostic and therapeutic facilities, including a regional emergency/trauma center; a major surgery suite containing 51 operating rooms; an endo-surgery center; an Ambulatory Surgery Center with nine operating rooms and an extensive diagnostic and interventional radiology area. In fiscal year 2018, Duke University Hospital admitted 42,916 patients and had 1,085,740 outpatient visits in fiscal year 2017.
U.S News & World Report named Duke University Hospital #1 in North Carolina and #1 in the Raleigh-Durham area in 2018-19.
Duke University Hospital is ranked in the top 20 nationally for seven adult specialties, including cardiology and heart surgery, nephrology, ophthalmology, orthopedics, pulmonology, rheumatology, and urology.
In addition to its hospitals, Duke Health has an extensive, geographically dispersed network of outpatient facilities that include primary care offices, urgent care centers, multi-specialty clinics and outpatient surgery centers.
General Description of the Job Class
The Pharmacy Financial Analyst 1 will be responsible for providing financial/accounting administrative support for Duke University Hospital Department of Pharmacy’s inpatient, outpatient infusion, clinic, retail pharmacies and specialty pharmacies. This new position will be essential to the analyses of these pharmacies' financial accounting and reporting. Additionally this position provides the increase capacity that is a prerequisite for pharmacies' continued expansion and revenue growth.
Duties and Responsibilities of this Level
Working closely with pharmacy management, the Pharmacy Financial Analyst serves as a liaison to DUH’s broader financial revenue cycle operations and must have a strong familiarity and industry knowledge of pharmacy operations and terminology, in order to, accurately interpret and verify information on financial documents and within pharmacy records. This is an entry-level financial analyst position that will be primarily responsible for routine and transactional requests and, in partnership with the DUH Finance department, be a part of the team that responsible for the inpatient, outpatient, and retail pharmacies' financial management.
The Pharmacy Financial Analyst will report to the Pharmacy’s Director of Pharmacy Business and Revenue Management in Pharmacy Administration.
Assist in the preparation of the operational forecast/budget; review and analyze departmental expenses to advise budget requests. Advise pharmacy cost center managers regarding changes in budgets to meet Medical Center requirements.
Assist with monitoring budget expenditures and prepare written reports and analyses to Pharmacy management setting forth progress, adverse trends and appropriate recommendations or conclusions.
Prepare and coordinate distribution of various financial reports and analyses for Pharmacy Senior Management group and external agencies to include financial analysis of individual cost center and cost center groups.
Maintain liaison with departmental business managers and administrative staff in the preparation and analysis of financial reports to provide information and to resolve problems concerning variances from approved forecast/budget.
Provide information to various external agencies and professional organizations concerning fiscal operations.
Request purchase orders and coordinate with accounts payable to ensure all invoices are appropriately recorded into the correct cost center and GL locations.
Perform biannual physical inventory analysis and inventory turn-over calculations, coordinating with departmental managers and corporate finance representatives to ensure full variance explanations are presented.
Serve as a resource for pharmacists, pharmacy residents and pharmacy technicians by providing reports and analytics as needed for research and quality improvement projects.
Make work assignments; review the work of team members and assist in training new employees.
Perform other related duties incidental to the work described herein.
Work requires a bachelor's degree in Accounting, Economics or a related business field.
Work requires two years of experience in accounting and/or budget review and analysis to become familiar with acceptable Accounting principles.
Degrees, Licensures, Certifications
Duke is an Affirmative Action/Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex, sexual orientation, or veteran status.
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Essential Physical Job Functions: Certain jobs at Duke University and Duke University Health System may include essentialjob functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.