Budget and Financial Planning Analyst

Bargaining Unit: Non Represented - Professional

Rate of Pay: $105,931 annually + DOE

Summary

The Budget and FP&A Analyst serves as an individual contributor supporting the health system’s budgeting, financial planning and analysis, forecasting, cost accounting, productivity reporting, and decision-support functions. This role prepares financial reports, analyzes variances and performance trends, supports budget and forecast processes, maintains recurring analyses, and helps provide accurate and timely information for Finance, Business Intelligence, Data and Engineering, and operational leaders. The position focuses on analytical execution, data validation, reporting support, and documentation under the guidance of senior finance and analytical leaders.

Essential Duties and Responsibilities Budgeting / Financial Planning & Analysis

• Support the annual operating, capital, and workforce budget processes, including preparation of departmental budget templates, schedules, assumptions, and supporting analyses.

• Prepare monthly financial reports and analyze budget-to-actual, forecast-to-actual, and prior-year variances.

• Assist with financial forecasting, projections, scenario analysis, and long-range financial planning.

• Support monthly operating reviews by researching financial performance trends and identifying underlying operational drivers.

• Assist with monitoring key financial and operational performance indicators.

• Support analysis of volume assumptions, inflationary impacts, staffing costs, and other budget drivers.

Cost Accounting / Decision Support

• Support cost-accounting methodologies, allocations, cost model maintenance, and service-line profitability analysis.

• Assist with financial models for staffing proposals, capital requests, new programs, operational changes, and other business initiatives.

• Prepare business case support, return-on-investment analysis, sensitivity analysis, breakeven analysis, and financial feasibility reviews.

• Assist with service line, physician practice, ambulatory, and departmental profitability analyses.

• Gather and validate financial, statistical, and operational data used in decision-support analyses.

Productivity & Workforce Analytics

• Prepare labor productivity reporting and analyze staffing, volume, labor hours, overtime, contract labor, and related financial impacts.

• Support development and monitoring of productivity targets, staffing standards, workforce metrics, and labor performance indicators.

• Research labor expense trends and assist in identifying opportunities for improved labor utilization.

• Assist with workforce planning models to support organizational growth, staffing proposals, and labor optimization initiatives.

Operational Partnerships

• Work with department leaders to research financial variances, validate assumptions, andidentify operational drivers of financial performance.

• Partner with Finance, Business Intelligence, and Data and Engineering teams to connect financial, operational, workforce, and clinical information.

• Support department leaders during budget development, monthly reviews, and corrective action planning.

• Reconcile financial, operational, productivity, and statistical data across source systems and investigate data-quality or reporting issues.

• Prepare recurring and ad hoc financial analyses, dashboards, schedules, and presentations for Finance leadership, operational leaders, and committees.

Standards, Documentation & Analytical Support

• Maintain documentation for assigned financial models, assumptions, methodologies, data sources, reporting processes, and recurring analyses.

• Follow established financial planning, reporting, cost-accounting, productivity, and analytical methodologies.

• Assist with updates to financial reports, dashboards, data definitions, planning tools, and analytical templates.

• Ensure assigned analyses are accurate, timely, well-documented, and supported by appropriate data validation.

• Support special projects, recurring analyses, and ad hoc financial requests as assigned.

Demonstrates System Values in performance and behavior.

Complies with System policies and procedures.

Other duties as may be assigned.

Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Supervisory Responsibilities No supervisory responsibilities.

Minimum Education/Experience Bachelor's Degree in Accounting, Business or related field and 2-3 years relevant experience

Required Licenses/Certifications None

Other Experience/Qualifications Required:

• Bachelor’s degree in finance, accounting, economics, business administration, or a related field.

• Two years of experience in financial analysis, accounting, budgeting, decision support, or a related field.

• Strong analytical and problem-solving skills.

• Proficiency with Microsoft Excel and financial reporting or analytical tools.

• Ability to analyze financial information and communicate findings clearly.

Preferred:

• Healthcare finance or hospital experience.

• Experience with budgeting, cost accounting, productivity, or financial planning.

• Experience with Axiom, Premier, Epic, Power BI, or similar financial and analytical systems.

• CPA, CMA, FHFMA, or other relevant certification or progress toward certification.