Find & Apply For Financial Analyst Jobs in Rockford, Illinois

OVERVIEW

Financial and decision-support professional experienced in budgeting, financial modeling, profitability analysis, cost accounting, and market analysis within healthcare. Provides data-driven insights and strategic reporting to support executive decision-making, improve financial processes, and drive operational performance.

SCHEDULE

Hybrid, Full-Time, 40 hours per week.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Assists in the completion of the capital and operating budgets. This may include financial analysis of changes in reimbursement, revenue per unit of service, other pricing changes, or expenses Prepare key financial analysis: benchmark reporting and studies, product line reporting, financial projections, profitability analysis, payor analysis, business plans, pricing analysis, and cost center reporting. Assists the Decision Support team in the development and creation of pro-forma and other profit and loss analysis utilizing a variety of data intelligence tools. Prepares business/market analyses of current and potential service areas, including market share analysis, demographics, payer, utilization, patient origin, and physician need assessments. Researches and compiles information needed for internal and external reports for presentation to executive management, the Board of Directors, and outside consultants. Educate finance staff, management, and executive leadership on various financial topics. Train operational staff on the use of the systems. Serve as a resource to department managers and Mercyhealth executives in the interpretation of financial information. Train and develop other finance staff on the use of various software applications including the decision support system and the cost accounting system. Work directly with financial staff to ensure the accuracy of the financial systems. Manages organizational survey projects through all phases, including research design, questionnaire development and completion, sample selection, data analysis, and reporting, such as IDPH annual hospital questionnaire, AHA hospital survey, hospital association surveys, and other organizational surveys. Uses sophisticated planning, analytical, and research tools to ensure provision of a quality product. Develops analyses, databases, and other tools for more efficient management of information. Identifies new analysis and research methodologies, tools, and resources. Performs other data collection, ad hoc analysis and duties, as assigned. Establish and maintain various databases, to ensure the integrity of the data, and be able to interpret the financial data or results. (Knowledge of StrataJazz, Microsoft Access, Crystal reporting, and SQL a plus) Communicate effectively with leadership on financial results, analysis, or reporting and assist with operational improvements. Develop and maintain financial models and templates to be distributed system-wide to ensure quality and consistency. Maintain the cost accounting system used in decision support. This includes working with leadership to establish overhead allocations, RVUs, and reclass/adjustments.

EDUCATION AND/OR EXPERIENCE

Bachelor's degree in Accounting, Finance, Business, or other related field, with 2 years of healthcare experience. Master's degree preferred.

CERTIFICATION/LICENSURE N/A OTHER SKILLS AND ABILITIES

Knowledge of healthcare reimbursement programs, coding, and billing preferred.

LEVEL OF SUPERVISION N/A SUPERVISES N/A PAY RANGE

$73,107.50 - $113,316.63 Mercyhealth is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, national origin, disability, or protected veteran status. Mercyhealth offers competitive pay and a comprehensive benefits package including: Medical, Dental, Vision Life & Disability Insurance FSA/HSA Options Generous, accruing paid time off Paid Parental and caregiver leave Career advancement and educational opportunities Tuition and certification reimbursement Certification Reimbursement Well-being Programs Employee Discounts On-Demand Pay Financial Education Annual recognition/awards events Partner appreciation days Family entertainment/attractions discount Community service/improvement opportunities Click here for more details regarding Mercyhealth Careers Benefit Information. At Mercyhealth, we don't simply hire people, we empower employee-partners who are passionate about making lives better. As an integrated health system, we deliver exceptional, coordinated across seven hospitals, 85 primary and specialty clinics, and a team of over 7,500 professionals serving northern Illinois and southern Wisconsin. Mercyhealth has been nationally recognized for our commitment to our people and culture, including: #1 in the nation on AARP's Best Employers for Workers Over 50 One of Working Mother magazine's 100 Best Companies for Working Mothers A Top 50 Company and Top 10 Nonprofit for Executive Women For over 135 years, Mercyhealth has provided high-quality health care to residents throughout northern Illinois and southern Wisconsin. We have a passion for providing comprehensive health care close to home for area residents through our six hospitals and 85 primary and specialty care locations. As an integrated health system, you can come to us for routine health care, like annual physicals, immunizations and preventive health screenings, as well as highly specialized care, such as neonatal intensive care, heart surgery, stroke care, neurosurgery, cancer treatment and much more. The range of Mercyhealth's specialties and the skills of our doctors, nurses and clinical staff are truly extraordinary.