UW Medicine’s mission is to improve the health of the public by advancing medical knowledge, providing outstanding primary and specialty care to the people of the region, and preparing tomorrow’s physicians, scientists and other health professionals. UW Medicine owns or operates Harborview Medical Center (HMC), Northwest Hospital & Medical Center (NWH), Valley Medical Center (VMC), UW Medical Center (UWMC), a network of UW Medicine Neighborhood Clinics (UWNC) that provide primary care, UW Physicians, UW School of Medicine, Airlift Northwest, and other owned, operated or affiliated entities as appropriate. In addition, UW Medicine shares in the ownership and governance of Children’s University Medical Group and Seattle Cancer Care Alliance a partnership among UW Medicine, Fred Hutchinson Cancer Research, and Seattle Children’s.
UW Medicine (UWM) Finance has an outstanding opportunity for a Program Financial Analyst, Finance & Budget. As the Program Financial Analyst for Clinical Department Funding and Shared Services Budget & Planning, this individual will have a broad range of accountabilities.
Clinical Department Funding:
Primary analytical resource supporting medical centers and the UW School of Medicine (SoM) in the evaluation and approval of annual and mid-year (off-cycle) proposals for new clinical department funding with respect to clinical needs within the health system, site of service, proposed compensation, productivity assumptions, facility financial impact, additional resource commitments.
Development of health system policies regarding clinical department funding by actively participating in the oversight subcommittee(s), and workgroups.
Concurrent and retrospective analysis of clinical department funding transactions to ensure adherence to established policy and executed agreements, and to maintain the overall integrity of the process.
Prospective analysis of clinical department funding proposals.
Clinical department funding transactions for accuracy and supports UW Medicine Accounting in the recording of expenses in their general ledgers.
Analysis of actuals for UW Medicine Finance and development of annual budgets and long range financial plans.
Accurate recordkeeping of clinical department funding proposals and decisions.
Budget & Planning:
Planning, scheduling and building of the long range financial plan, annual operating and capital budgets for UWM Shared Services, UWNC and ALNW.
In collaboration with UWM IT Services Finance, development of the UWM IT Services long range plans, operating and capital budgets.
System integration including testing and design.
Change management to ensure reporting is useful, reliable, and timely.
Orient managers to Finance reports and necessary ongoing training.
Development and reporting of UW Medicine Patients are First finance goals.
Reports and interpret analytical results to Finance Management and Hospital Administration.
Analytic and system support to managers in the review, understanding and mitigation of budget variances in support of improving overall profitability.
High quality standardized core presentation materials for budget and planning report-outs to Shared Service, Finance, UWM and Operational Leadership
Design and implementation of appropriate long range planning and consolidated budgeting systems and policies across UW Medicine shared service operational and business units.
Planning, design, and implementation of the enterprise budgeting and financial reporting systems.
Process improvement and standardization projects across health system entities.
Other financial analysis as required to support the mission of UW Medicine.
Build effective, collaborative working relationships throughout the organization with staff, peers, supervisors and customers.
Represent UW Medicine Finance on committees or task forces as assigned.
Other duties as assigned.
Bachelor's degree in Finance or Accounting AND at least six (6) years experience in financial analysis with progressively more responsible experience in finance.
Experience with financial budgets and planning.
Ability to prepare complex financial analysis and interpretations with high degree of accuracy.
Proven analytical, verbal and written communications skills.
Ability to formulate recommendations and interpret financial information.
Highly proficient using Budgeting and General Ledger applications as well as supporting software programs, including Excel, Word, Access and PowerPoint are required.
An equivalent combination of education and experience may substitute for stated requirements.
Strong knowledge of clinical department management within an academic medical center.
Functional understanding of hospital inpatient and outpatient administration.
Functional acknowledge of hospital and physician billing and/or practice management.
Proven problem solving skills, ability to prioritize tasks and meet deadlines.
Proven project management and communication skills.
Demonstrated ability to work effectively across organizational lines.
Demonstrated experience in serving as an analytical consultant.
Experience in performing sophisticated financial analyses using personal computer software.
Demonstrated ability to function independently with minimal support -and/or reporting authority.
Demonstrated ability to operate in highly sensitive situations and demonstrate exemplary professional judgment.
Demonstrated ability to maintain harmonious working relationships when addressing difficult issues.
Academic Medical Center experience is strongly desired.
CPA and/or MBA in business or healthcare administration is preferred.
Founded in 1861, the University of Washington is one of the oldest public institutions in the west coast and one of the preeminent research universities in the world. The University of Washington is a multi-campus university comprised of three different campuses: Seattle, Tacoma, and Bothell. The Seattle campus is made up of sixteen schools and colleges that serve students ranging from an undergraduate level to a doctoral level. The university is home to world-class libraries, arts, music, drama, and sports, as well as the highest quality medical care in Washington State and a world-class academic medical center. The teaching and research of the University’s many professional schools provide undergraduate and graduate students the education necessary toward achieving an excellence that will serve the state, the region, and the nation. As part of a large and diverse community, the University of Washington serves more students than any other institution in the Northwest.