Job Summary

Michigan Medicine Finance is seeking a financial analyst to join the Clinical Financial Planning and Analysis (CFPA) team. The Clinical Financial Planning and Analysis team plays a key role in helping leadership make data-driven strategic decisions by evaluating strategic, operational, and financial aspects of the clinical enterprise. The primary customers for this role include University of Michigan Health (UMH) financial and operational leaders, as well as the individual departments within UMH.

Is This Job Right for You?

Want to work in a collaborative environment and experience the value of being part of a strong team
Are able to function independently, and require minimal day-to-day supervision to deliver projects in a timely and effective manner
Enjoy working with large sets of data to identify opportunities for management to consider as well as find solutions to known issues
Have a natural curiosity for investigation of operational performance variances and the ability to translate the analyses into actionable information for decision making at all levels within the organization

Mission Statement

Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.

Who We Are

The aim of Michigan Medicine is to advance health to serve Michigan and the world. With annual revenues of approximately $8 billion, Michigan Medicine ranks as one of the top academic health centers in the country, and is committed to providing exceptional patient care, facilitating groundbreaking research, and developing the next generation of physicians and scientists. Michigan Medicine consists of the University of Michigan Hospitals, the University of Michigan Medical School and its Medical Group, Michigan Health Corporation, and affiliated health systems.

Michigan Medicine Finance serves as the centralized finance group for Michigan Medicine and is comprised of seven functional areas: Medical Group Finance, Clinical Financial Planning & Analysis, Enterprise Financial Reporting & Forecasting, Reimbursement, Medical School Finance, Real Estate, and Financial Systems.

What Benefits can you Look Forward to?

Excellent medical, dental and vision coverage effective on your very first day
Flexible spending accounts
Prescription Drug Plan
Mental and emotional health programs
Child Care Resources
Life Insurance
Legal Services Plan
Retirement Savings Opportunities

Another reason to Go Blue!

University of Michigan Health recognized as a 2023 Leapfrog Top Teaching Hospital
Top 5 employer in Michigan by Crain?s Detroit Business
CMS awarded University of Michigan Health the prestigious five-star overall rating for quality and safety.
U-M Health ranked best in Michigan by U.S. News & World Report, only Michigan hospital on nation?s Honor Roll of hospitals
U-M Health was ranked No.9 in Expertscape?s All-Around Expert Medical Centers for high rankings in 21 different medical and surgical specialties. U-M Health is among just 29 hospitals in the country rated as expert in all 21 specialties tracked by Expertscape.
U-M Health was named among the World?s Best Hospitals by Newsweek and global data firm Statista. U-M Health is the only hospital in Michigan named to the list.

Responsibilities*

Partner with finance and operational leaders to provide financial analysis support including budget development, proforma modeling, business planning, costing, performance measurement, variance analysis, and monthly reporting.
Design, develop and recommend new approaches to management reporting and operational decision making.
Participate in multidisciplinary teams evaluating strategic, operational, and financial aspects of the clinical enterprise
Perform business case analysis, including the creation of financial models and analysis of business trends to support growth opportunities
Participate in special projects to improve reporting, analysis, and internal processes to achieve productivity improvements and customer service delivery
Prepare and communicate monthly financial and operational reports/results to departments and stakeholders

Required Qualifications*

In order to be considered for this position the applicant must have met or will have met all the required qualifications prior to the start date of employment.

A Bachelor?s degree or higher, preferably in Business, Economics, Finance, Health Administration, or a related field
Senior: 5-8 years of professional experience
Intermediate: 2-5 years of professional experience
A high degree of finance and accounting acumen, problem-solving skills, and the ability to provide meaningful analysis of financial statements and other datasets.
Familiarity with financial systems, relational databases, and enterprise resource planning tools
Ability to assess competing priorities, manage workflow and meet operational deadlines
A natural curiosity and a drive to learn

Desired Qualifications*

What will make you stand out?

PeopleSoft / Oracle / Hyperion experience
Experience with database query tools (SQL, Access, Tableau)
Strong communication skills - both oral and written. Ability to analyze large amounts of complex information to present simple and concise material to the appropriate audience
Experience in a healthcare, higher education and/or academic medical center setting desired.

NOTE: Please include a cover letter that addresses how your experience meets the job requirements. In order to transmit the cover letter, it should be included as a page of your resume.

Modes of Work

Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.

Underfill Statement

This position may be underfilled at a lower classification depending on the qualifications of the selected candidate.

Background Screening

The University of Michigan conducts background checks on all job candidates upon acceptance of a contingent offer and may use a third party administrator to conduct background checks. Background checks are performed in compliance with the Fair Credit Reporting Act.

Application Deadline

Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.

U-M EEO/AA Statement

The University of Michigan is an equal opportunity/affirmative action employer.