Financial Analyst, Hybrid, Oceanport, NJ

As a Financial Analyst at RWJBarnabas Health, you will play a pivotal role in managing key financial analytics tools and ensuring the reliability of data. Your responsibilities will include training site staff on StrataJazz software, analyzing financial metrics across the RWJBH system, preparing executive reporting packages, and assisting in budgeting and forecasting processes. You will also work on identifying cost-saving opportunities and support any external benchmarking engagements, thereby driving impactful financial decisions.

To qualify for the Financial Analyst position at RWJBarnabas Health, candidates should hold a Bachelor's degree in Finance or a related field. Additionally, having 1-5 years of experience in healthcare finance, especially in budgeting and forecasting tasks, is highly preferred. Strong analytical skills and proficiency with financial analysis tools will be crucial for success in this role.

RWJBarnabas Health is committed to the professional development of its Financial Analysts by providing access to ongoing training opportunities, including specific training on update releases of financial tools like StrataJazz. The organization also offers tuition reimbursement and a comprehensive benefits package aimed at supporting employees' career growth, wellness, and overall job satisfaction.

A Financial Analyst at RWJBarnabas Health can expect a collaborative and dynamic work environment in Oceanport, NJ, emphasizing teamwork and innovation. The hybrid work model allows for flexibility, enabling you to balance between remote and in-office work. Community impact is at the heart of the organization's mission, contributing to a meaningful workplace culture that values contributions from every team member.

RWJBarnabas Health offers a competitive Total Rewards package, including extensive health benefits like medical, dental, and vision insurance, along with paid time off (PTO), retirement plans, and short- and long-term disability insurance. Additional perks like wellness programs, tuition reimbursement, and discounts on services help promote a balanced, supportive work environment for Financial Analysts.

When asked this question, articulate your strategy for analyzing financial data specifically in healthcare. Highlight your skills in identifying trends and correlations that affect patient costs or revenue. Discuss how you would collaborate with other departments to ensure accurate financial forecasting and budgeting.

Detail your specific experiences with budgeting and forecasting in your previous roles. Mention any key tools or software you've used, such as Excel or StrataJazz. Provide examples of how you managed the budgeting process and reviewed forecasts with various teams, ensuring every detail aligns with organizational goals.

Identify several key performance indicators relevant to healthcare finance, such as cost per patient, revenue cycle efficiency, and service utilization rates. Explain why these metrics matter and how they help in making informed financial decisions.

Share a specific anecdote where your analysis informed decision-making that led to cost savings. Include the steps you took in conducting the analysis, the data you reviewed, and how your recommendations were implemented by the organization.

Discuss how you would leverage external benchmarks to compare performance metrics against industry standards and identify areas for improvement. Explain the impact this could have on overall financial strategy and decision-making within the organization.

Elaborate on your attention to detail and the checks and balances you put in place to validate data. Discuss your process of reviewing reports multiple times and collaborating with team members to catch any discrepancies before final distribution.

Be sure to mention any specific financial software you have experience with, especially StrataJazz, Excel, or other financial analysis tools. Describe how you effectively utilized these tools to perform analyses or create reports in your previous roles.

Share your strategies for time management and prioritization when faced with multiple tight deadlines. Mention any tools or techniques you use to stay organized, such as project management software or creating prioritized to-do lists.

Discuss any past experiences where you have trained colleagues or new hires on financial software like StrataJazz. Describe your approach to training, including how you ensure that the information is digestible and actionable.

Provide an example that demonstrates your ability to collaborate with diverse teams. Highlight your communication skills and how they helped enhance project outcomes, referring to specific instances where teamwork was critical to success.