Stanford Health Care Sr. Financial Specialist (45023) in Palo Alto, California

Sr. Financial Specialist (45023)

  • Job Type:Full Time

  • FTE/Bi-Weekly Hours:1.0/80

  • Shift:Days

  • Hours in Shift:8

  • Location:Palo Alto, CA

  • Req:45023

Job Description

Job Summary

This paragraph summarizes the general nature, level and purpose of the job.

Performs highly specialized and complex financial analysis, budget analysis, and related fiscal functions for a large and diverse hospital service line/department or is responsible for coordinating a major budget/financial analysis program in the Hospital Finance Department. Duties include financial planning, forecasting and modeling, budget development, performance monitoring and management reporting. Prepares and provides complex analysis for special and high-level reports for review at the executive level. Provides leadership in the fiscal planning process and recommends process improvements.

Please note that this position is in Accounting Operations (General Accounting), and not in a traditional forecasting/budgeting role.

Major duties of this position may include but are not limited to:

Filing Property Taxes

Tracking / Monitoring debt, bonds and swaps, and related interest, COI, and UWF

Leading or participating in special projects as assigned which might including testing, automation, or improvement projects

Preparing relevant audit schedules

Updating policies and procedures

Preparing monthly journal entries

Reconciling balance sheet accounts and preparing flux analysis as assigned

Essential Functions

The essential functions listed are typical examples of work performed by positions in this job classification. They are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Employees may also perform other duties as assigned.

Employees must abide by all Joint Commission Requirements including but not limited to sensitivity to cultural diversity, patient care, patients rights and ethical treatment, safety and security of physical environments, emergency management, teamwork, respect for others, participation in ongoing education and training, communication and adherence to safety and quality programs, sustaining compliance with National Patient Safety Goals, and licensure and health screenings. Must perform all duties and responsibilities in accordance with the Service Standards of the Hospital(s).

Advises managers on financial planning, analysis and system development. Support managers by modeling financial impacts.

Assists in the development, implementation and management of financial systems, cost accounting systems and/or financial policies and procedures as appropriate.

Collaborates with auditors and accountants to develop and maintain internal controls for compliance with state and internal audit standards. Provides information to internal/external auditors and management as requested.

Coordinates and participates in the preparation of various financial reports, business plans and analyses for management.

Develops budget or fiscal reporting formats. Develops and revises methodologies for forecasting cost and revenues; develops and maintains electronic system to track the deviations between budgeted forecast and actual levels.

Develops or coordinates preparation of budgets, program narratives and finance plans; analyzes financial projections and assists managers in developing budget proposals.

Maintains liaison with operating department managers to advice departments regarding financial results, budget variances, internal controls and related financial matters.

Participates in the design and implementation of budget and financial system improvements. Uses computer software to model resource scenarios. Organizes and develops automated financial systems.

Plans, develops, and coordinates the preparation of financial analyses and reports including, but not limited to, operational and capital budgets, financial statements, statistical reports, cost analyses and other financial information for management.

Provides financial information which enables management to make informed long-term and short-term decisions.

Recommends procedures and implements corrective action wherever indicated in operations, areas out of compliance with hospital policy, internal controls and accounting policies, as assigned.

Reviews and/or prepares federal, state and other regulatory reports, ensuring compliance with established guidelines, as assigned.

Equal Opportunity Employer Stanford Health Care (SHC) strongly values diversity and is committed to equal opportunity and non-discrimination in all of its policies and practices, including the area of employment. Accordingly, SHC does not discriminate against any person on the basis of race, color, sex, sexual orientation or gender identity and/or expression, religion, age, national or ethnic origin, political beliefs, marital status, medical condition, genetic information, veteran status, or disability, or the perception of any of the above. People of all genders, members of all racial and ethnic groups, people with disabilities, and veterans are encouraged to apply. Qualified applicants with criminal convictions will be considered after an individualized assessment of the conviction and the job requirements.

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Minimum Qualifications

Any combination of education and experience that would likely provide the required knowledge, skills and abilities as well as possession of any required licenses or certifications is qualifying.

Education: Bachelor's degree in a work-related field/discipline from an accredited college or university

Experience: Six (6) years of progressively responsible and directly related work experience

Knowledge, Skills, and Abilities

These are the observable and measurable attributes and skills required to perform successfully the essential functions of the job and are generally demonstrated through qualifying experience, education, or licensure/certification.

Ability to analyze and develop solutions to complex problems.

Ability to analyze information, reach valid conclusions and make sound recommendation.

Ability to apply judgment and informed decisions.

Ability to apply sound independent judgment in the solution of complex financial problems.

Ability to communicate complex concepts in simple form to non-finance users to understand the appropriate use and limits of the information provided.

Ability to communicate effectively in written and verbal formats including summarizing data, presenting results.

Ability to establish and maintain effective working relationships.

Ability to evaluate business operations to compute affect to budget and funding expenditures.

Ability to manage, organize, prioritize, multi-task and adapt to changing priorities.

Ability to model financial information and forecast data to arrive at conclusions.

Ability to work effectively both as a team player and leader.

Knowledge of computer systems and software used in functional area.

Knowledge of financial forecasting techniques.

Knowledge of local, state and federal regulatory requirement related to the functional area.

Knowledge of principles and practices of budgeting and finance including the analysis and reporting of financial data.

SHC does not discriminate on the basis of Ancestry, Age, Color, Disability, Genetic information, Gender, gender identity, or gender expression, Marital status, Medical condition, Military or veteran status, National origin, Race, Religion, Sex, and Sexual orientation.