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Financial Analyst

Job Overview:

The Financial Analyst will generate standard and custom financial and demographic reports. They will verify data and maintain accurate system information.

Qualifications:

Required:

  • Bachelor s Degree in Finance, Accounting, Business Administration or related field
  • Proficient in Microsoft Office with advanced skills in Excel and PowerPoint
  • Demonstrated ability to understand financial reports and develop meaningful analysis
  • The ability to communicate and work effectively with a diverse group of business professionals at all levels of the organization, including management, physicians, support staff, patients, and customers
  • Attention to detail
  • Maintaining strict confidentiality of files and reports

Preferred:

  • 1 3 years of experience working as a financial or business analyst
  • Prior healthcare industry experience
  • Prior experience training physicians and office staff on EHR or PM systems
  • Previous healthcare/budgeting experience is highly

Essential Functions:

  • Review and approve AP requisitions and invoices for coding and accuracy
  • Work across multiple reporting systems to gather and organize data, develop or modify reports as needed
  • Conduct in depth analysis of financial data, KPI s and operational metrics to identify trends and variances to inform provider/departmental performance and identify opportunities for increased efficiencies
  • Communicate financial performance and key insights effectively to support decision making processes
  • Partner with cross functional teams, including accounting and operations to ensure accuracy of financials during the month end close process
  • Assist with preparing financials for Monthly Operational Review meetings with Senior Leadership
  • Assist in the development and maintenance of annual operating budgets, financial forecasts and proformas
  • Perform ad hoc financial analysis and special projects as requested
  • Discreet handling of confidential information
  • Any other duties as assigned

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Benefits and Perks:

  • Medical/Dental/Vision plans
  • 401k
  • PTO
  • Short & Long Term Disability
  • Basic Life & Accidental Death Insurance
  • Tuition Reimbursement
  • Health Care/Dependent Care Flexible Spending Accounts
  • Discounts Through our Partners
    • NJ Devils
    • NJ Performing Arts Center
    • Verizon
    • And many more!


Choosing RWJBarnabas Health!

RWJBarnabas Health is the premier health care destination providing patient-centered,high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.

RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.

Equal Opportunity Employer

Average salary estimate

$70000 / YEARLY (est.)
min
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$60000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Financial Analyst, RWJBarnabas Health

At RWJBarnabas Health, we're searching for a talented Financial Analyst to join our team in beautiful Monmouth County, NJ. In this role, you'll play a crucial part in generating both standard and custom financial and demographic reports that support our organization's mission to provide high-quality, patient-centered care. Your expertise will shine as you verify data and maintain precise system information, ensuring our financial reports are reliable and insightful. If you hold a Bachelor's Degree in Finance, Accounting, or Business Administration and possess advanced skills in Microsoft Office—especially Excel and PowerPoint—this could be the perfect opportunity for you. Communication is key here, as you'll work closely with a diverse group of professionals, from healthcare providers to support staff, fostering a collaborative environment. Attention to detail and confidentiality are paramount in this role, along with the ability to analyze financial data and identify trends that inform vital decision-making. Whether you're reviewing invoices or developing operating budgets, your contributions will directly impact our organizational efficiency and success. Join us at RWJBarnabas Health and be part of an innovative healthcare community dedicated to making a positive difference in New Jersey. We would love for you to be a part of our journey towards healthier communities!

Frequently Asked Questions (FAQs) for Financial Analyst Role at RWJBarnabas Health
What are the main responsibilities of a Financial Analyst at RWJBarnabas Health?

As a Financial Analyst at RWJBarnabas Health, your primary responsibilities will include generating standard and custom financial reports, verifying data accuracy, conducting in-depth analyses of financial data, and collaborating with various departments to support streamlined operations. You'll also assist with preparing financials for monthly reviews, aid in budgeting processes, and perform ad hoc analysis as needed.

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What qualifications are required to become a Financial Analyst at RWJBarnabas Health?

To qualify for the Financial Analyst position at RWJBarnabas Health, you need a Bachelor's Degree in Finance, Accounting, Business Administration, or a related field. Proficiency in Microsoft Office, particularly in Excel and PowerPoint, is essential, along with a demonstrated ability to analyze financial reports and communicate insights effectively.

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Is prior healthcare experience necessary for the Financial Analyst role at RWJBarnabas Health?

While prior healthcare experience is preferred for the Financial Analyst position at RWJBarnabas Health, it's not strictly necessary. The ideal candidate will have some familiarity with the healthcare industry, but strong analytical skills coupled with a proactive mindset can also help you succeed in this role.

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What type of financial analysis will a Financial Analyst conduct at RWJBarnabas Health?

A Financial Analyst at RWJBarnabas Health will conduct various types of financial analysis, including examining key performance indicators (KPIs), operational metrics, and identifying performance trends. This analysis will inform departmental decisions and highlight areas for increased efficiencies and cost-effectiveness within the organization.

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What benefits and perks does RWJBarnabas Health offer to Financial Analysts?

RWJBarnabas Health offers a comprehensive benefits package for Financial Analysts that includes medical, dental, and vision plans, a 401k option, paid time off, short and long-term disability insurance, life insurance, and tuition reimbursement. Additional perks include discounts with various partners, ensuring our team members enjoy a supportive work environment.

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Common Interview Questions for Financial Analyst
Can you describe your experience with financial reporting as a Financial Analyst?

When answering this question, highlight your educational background and any relevant experience in creating reports. Discuss the tools you used, such as Excel, and provide specific examples of reports you've generated, focusing on how they influenced business decisions.

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How do you ensure accuracy when working with financial data?

Talk about your attention to detail and methods for verifying data accuracy. You might explain your process for double-checking numbers and cross-referencing data from different sources to ensure that everything is correct before finalizing reports.

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What tools and software are you familiar with for financial analysis?

Mention specific tools you have worked with, such as Excel for data analysis and reporting, or any financial software you have experience with like Oracle or SAP. Highlight any advanced features or functions you are comfortable using.

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How do you communicate financial insights to non-financial stakeholders?

Emphasize your ability to simplify complex financial concepts. Provide examples of how you have presented data to different audiences, using visuals or straightforward language to help everyone understand the insights and implications of the analysis.

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Describe a time when you identified a significant trend or variance in financial data.

Share a specific example where you spotted an important trend or discrepancy in financial reports. Explain how you approached the analysis, what actions you recommended, and the outcomes of your findings.

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What motivates you when working as a Financial Analyst?

Discuss your passion for data and how you enjoy using it to drive decisions that positively impact the organization. Also, mention your commitment to continuous learning and staying updated on industry trends which fuels your motivation.

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Can you explain how you would handle conflicting data from various reports?

Outline a structured approach to auditing the conflicting numbers and investigating the source of the discrepancies. Mention your commitment to ensuring data integrity and how you would collaborate with other teams to arrive at a resolution.

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What experience do you have with budgeting processes?

Discuss any past roles where you assisted in preparing budgets and the methodologies you used. Be sure to mention your understanding of capital versus operational budgeting and any forecasting techniques you have utilized.

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How do you stay organized while working on multiple financial reports?

Talk about your organizational system, whether it's through project management tools, spreadsheets, or scheduling techniques that help you prioritize tasks and remain focused on deadlines.

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What are the key financial metrics you focus on in your analysis?

List and explain key metrics you monitor, such as revenue growth, profit margins, cost variances, and operational efficiency indicators. Discuss why these metrics are vital in shaping financial strategy.

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Full-time, on-site
DATE POSTED
April 8, 2025

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