Description Penn Medicine is dedicated to our tripartite mission of providing the highest level of care to patients, conducting innovative research, and educating future leaders in the field of medicine. Working for this leading academic medical center means collaboration with top clinical, technical and business professionals across all disciplines. Today at Penn Medicine, someone will make a breakthrough.
Someone will heal a heart, deliver hopeful news, and give comfort and reassurance. Our employees shape our future each day. Are you living your life's work?
Entity: Clinical Practices of University of Pennsylvania Department: Medicine Finance Location: Hospital of the University of Pennsylvania- 3400 Spruce St Hours: Full Time
The Principal Financial Analyst acts as the technical financial analysis expert for the department reporting directly to the department CFO. The Principal Financial Analyst has a strong understanding of financial concepts and proper application of data analysis to enhance the performance of the department. The principal Financial Analyst is responsible for explaining financial documents and complex accounting analysis to leadership including month end close reviews.
The incumbent has an in-depth understanding of Capital and Operating budgets and multi-year budgets and is involved in the analysis and builds each year. The Principal Financial Analyst has the ability to attend and present financial analysis and information on the behalf of the CFO to senior leadership. The Principal Financial Analyst communicates complex concepts in a clear manner with managers and senior leadership within the department, as well as other corporate departments (A/P, Purchasing, Finance, Capital Accounting).
Contact with outside vendors is limited.
Review and preparation of month end closing entries. Ability to Multitask and manage shifting priorities and deadlines, with an ability to work both independently and in a collaborative team environment. Provide guidance and on development on analysis and variance explanations for monthly reporting.
Completes complex variance analyses such as revenue variance analysis. Creates PowerPoint presentations on financials and budgets for senior leadership. Instrumental in building the Capital and Operating Budgets each year.
Routinely meet with department finance members to go over departmental monthly operational results. Partners with COOs, CFOs, PSOM and CPUP leadership on the development of the Departmental Strategic Plan(s). Where applicable, mentor financial analysts in and outside department.
Credentials: Education or Equivalent
Bachelor of Arts or Science (Required)Education Specialization: Finance, Accounting or Information Technology 6+ years experience in a Finance department, with progressive accounting and budgeting experience, for a Healthcare System. (Required) Master of Arts or Science (Preferred) Education Specialization: Finance, Accounting or Information Technology 1+ years Experience using Hyperion Essbase / Planning / Reports & EPIC (Preferred) We believe that the best care for our patients starts with the best care for our employees.
Our employee benefits programs help our employees get healthy and stay healthy. We offer a comprehensive compensation and benefits program that includes one of the finest prepaid tuition assistance programs in the region. Penn Medicine employees are actively engaged and committed to our mission.
Together we will continue to make medical advances that help people live longer, healthier lives. Live Your Life's Work We are an Equal Opportunity employer. Candidates are considered for employment without regard to race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, marital status, familial status, genetic information, domestic or sexual violence victim status, citizenship status, military status, status as a protected veteran or any other status protected by applicable law.