Senior Business Analyst - Finance
Southlake Regional Health Centre
- Newmarket, ON
- $54.60-64.90 per hour
- Permanent
- Full-time
- Liaise with all relevant stakeholders to ensure timely accurate financial and statistical reporting and adherence to monthly/quarterly and year-end timetables
- Perform analyses of financial and statistical data relative to budget and prepare reports and/or commentary highlighting findings
- Assist with process re-engineering, designing and implementing internal controls
- Develop customized reports and visually impactful presentations for various stakeholders including monthly financial results presentations, reports on key performance indicators, etc.
- Apply Generally Accepted Accounting Principles (GAAP)/Public Sector Accounting Standards and Management of Information Systems (MIS) standards/OHRS to recommend appropriate accounting entries for the accurate recording monthly financial results
- Conduct short term and long term financial and operations planning and modelling
- Lead the communication to articulate complex financial issues to a broad audience and fulfill ad hoc requests made by stakeholders and providing support in interpretation and understanding of financial information
- Provide financial support to assigned programs /departments as the Finance Business Partner
- Assist with financial component of Position Control form and verify budget status for position posting
- Regular monthly analysis of budget, utilization variances (e.g. financial results to Board of Directors)
- Influence the Portfolio management to determine priorities for new programs, ventures, projects and investments
- Optimize revenue streams and enabling growth while ensuring appropriate financial management and controls
- Establish Portfolio finance goals and objectives, developing short and long term plans, while monitoring and evaluating the progress in achieving these plans
- Investigate variances to facilitate the attainment of a clear understanding of business activities and developing trend analysis to support conclusions, including benchmarking analysis
- Assist and educate Directors/Managers in understanding financial reports/ concepts
- Strategic problem solving for both clinical and non-clinical programs throughout the organization
- Work with programs to develop annual operating plans and budgets (including identification of opportunities to improve financial performance and efficiencies)
- Be highly involved during annual capital budget processes to ensure comprehensive integration of both operating and capital impact in budgets
- Provide lead role during quarterly forecasting process to capture any emerging trends, cost saving strategies to project budget surplus/ deficit, provide management with analytical trending data and develop an effective method of tracking identify initiatives
- Prepare and submit key Ministry financial and statistical documents related to any specific programs
- Coordinate, plan and submit timely Ministry of Health and Long Term Care reports such as HAPs, CAPs, SRI and other ad-hoc Ministry and OH submissions
- Minimum 5 years financial / clinical analysis experience including accounting, reporting, budgeting, variance analysis and business case development (healthcare preferred)
- Self-directed, action oriented and highly motivated, an adept team player
- Knowledge and experience of Health System Funding Reform (HSFR), such as Health Based Allocation Model (HBAM)I, Quality Based Procedures (QBP) and Patient Based Funding
- Experience of Ministry of Health reporting and Post Construction Operating Plans (PCOP) or demonstrated knowledge and experience in a relatable industry/environment
- Proven ability to interpret, summarize and communicate complex financial and statistical data to stakeholders throughout the organization
- Experience using multiple data sources (financial, statistical, case costing, CIHI databases, Ministry data etc) to develop and prepare complex analysis
- Able to influence clients of the Finance Department through sound business case and other data driven evidence to support efficiency improvement and revenue generation initiatives
- Well-developed analytical, problem-solving and organization skills in order to meet conflicting priorities/deadline
- Advanced proficiency MS Office products, especially MS Excel
- Sound organizational and planning skills with the ability to multi-task and meet conflicting deadlines are essential
- Excellent interpersonal and customer services skills
- Demonstrated commitment to personal growth and development
- Prior experience in major Enterprise Resource Planning (ERP) system or a health care financial module (ie Meditech) and Business Intelligence software
- Demonstrated good attendance and performance records with the ability to maintain these same standardsDemonstrated excellence in communication, both written and verbal
- Demonstrated analytical and problem assessment skills
- Demonstrated commitment to customer service and teamwork
- Demonstrated individual leadership skills
- Demonstrates understanding and complies with patient and staff safety policies and procedures that foster a safe and inclusive environment for all.
- Commitment to providing an exceptional experience for staff and clients within a challenging and exciting health care environment.
- Models behaviour that is aligned with the values of Southlake Regional Health Center.
- Always with compassion
- Power of many
- Serve with purpose
- Every voice matters
- University degree in accounting, economics, business administration or equivalent
- Professional accounting designation (CPA, CA, CMA, CGA)