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Financial Analyst 3

Employer
Stanford University
Location
Stanford, CA
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Employment Type
Full Time
Institution Type
Four-Year Institution

Job Details

Stanford University School of Medicine’s Department of Anesthesiology, Perioperative and Pain Medicine is seeking a Financial Analyst 3 to manage forecasting, budgeting, analysis, and reporting for faculty compensation programs and key performance metrics. The department includes more than 300 faculty and continues to grow as the University’s health care system expands medical services in the Bay Area.

 

The Financial Analyst will work with the Clinical Finance and Compensation Manager, the DFA, and division chiefs. The position will analyze and interpret faculty compensation data and recommend policy and process changes for programs that may include base pay, call pay, and extra-work incentives.

 

Duties Include:

  • Prepare monthly GAAP-compliant accrual entries for incentive payments and reconcile accrued liabilities to cash payments.

  • Forecast incentive liabilities using operational models and data from EPIC case and operating room activity and QGenda scheduling.

  • Audit and forecast labor schedules and coordinate with Finance and Contracts and Grants teams to help ensure compensation is charged to the correct funds in accordance with policy.

  • Develop dashboards and reports for headcount, FTE, clinical FTE, per diem utilization, and other key financial and operational metrics.

  • Reconcile Oracle financial reports with HR and other source systems, identify discrepancies, and recommend corrective action.

  • Prepare variance analysis of actual results against budget and forecast.

  • Analyze the financial and operational impact of new incentives and policies and support implementation of approved changes.

  • Complete ad hoc financial, operational, and policy analyses as needed.

  • * - Other duties may also be assigned

    Responsibilities

    Core Duties:

    • 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 leveldollar value transactions.

    • Research, and synthesize data; interpolate results from largeamounts of data, identify trends in data, draw conclusions, developsolutions, present and implement recommendations, and create follow upanalysis.

    • Develop complex budget and forecasting scenarios, long-rangeplanning and analyses for financial reporting and presentations; designand run ad hoc reports.

    • Identify and resolve unique issues with substantial significance;recognize exceptions, and conduct in-depth analysis using advancedtechnical knowledge and experience. Recommend and develop solutions thatmay require policy changes or the development of new processes; maintainbroader organizational and university perspective in decisionmaking.

    • Review, design, and implement appropriate internal controlprograms, research new regulations, and implement approved changes.Manage compliance program for area of responsibility, interpret internalpolicy and external regulations, and create and/or review complexcompliance reports.

    • Lead and execute unit or cross functional projects and teams,make decisions regarding projects and programs affecting operationaleffectiveness, policies, or processes.

    • Engage in continuous critical analysis of existing systems andprocesses; make recommendations to achieve greater efficiencies andimprove internal controls. Define requirements, develop and implementcomplex test cases, perform testing and analyze results.

    • Lead and support unit and organization strategy and changemanagement initiatives.

    • Provide training on new financial systems. Represent organizationto client group(s) and external partners; serve as subject matter experton matters that involve complex technical, financial, or subject matterexpertise.

    • Assess client and business needs, and formulate recommendationsto determine approach to managing and completing processes.

    • May supervise, train, coach, and review the work of other staff,as needed. Contribute primarily through applying individualexpertise.

    Minimum Education andExperience

    Bachelor’s degree and six years of relevant experience or combinationof education and relevant experience.

    Knowledge, Skills and Abilities:

    • Advanced proficiency in business applications, such as MicrosoftOffice suite, especially Excel.

    • Advanced knowledge of Enterprise Resource Planning and financialsystems; internet and computer literacy.

    • Knowledge of Generally Accepted Accounting Principles(GAAP).

    • Advanced professional communication skills, including ability toprepare materials for and clearly and effectively communicateinformation to internal and external audiences, client groups, andmanagement.

    • Strong project management skills and ability to contribute to orlead part of a multi-functional team.

    Organization

    Change the world. And yourself.

    Stanford University has changed the world, over and over again.

    We are one of Silicon Valley's largest employers - and also one of the most unique. Our mission is to educate future leaders and promote interdisciplinary, world-class research and teaching. This passion makes Stanford an intensely creative, rewarding, and challenging place to work. At the same time, our traditions of respect and collaboration sustain a humane, supportive environment in which to pursue your life and your career. 

    At Stanford you'll work with bright, diverse, dedicated people. You'll find encouragement to learn and grow. You'll enjoy excellent benefits and an outstanding environment.

    Stanford Facts at a Glance

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    • 2,043 faculty members
    • 21 Nobel laureates are currently members of the Stanford community
    • 5:1 student to faculty ratio

    Stanford University is an Equal Employment Opportunity and Affirmative Action Employer and is committed to recruiting and hiring qualified women, minorities, protected veterans and persons with disabilities.

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