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FINANCIAL ANALYST

University of Washington
Seattle, WA Full-time
Posted on August 24, 2019
Req #: 171158
Department: SCHOOL OF MEDICINE
Posting Date: 08/23/2019 
Closing Info: Open Until Filled 
Salary: Salary is commensurate with qualifications and experience.  
Shift: First Shift 
Notes: As a UW employee, you will enjoy generous benefits and work/life programs. 
For detailed information on Benefits for this position, click here.
 

As a UW employee, you have a unique opportunity to change lives on our campuses, in our state and around the world. UW employees offer their boundless energy, creative problem solving skills and dedication to build stronger minds and a healthier world.

UW faculty and staff also enjoy outstanding benefits, professional growth opportunities and unique resources in an environment noted for diversity, intellectual excitement, artistic pursuits and natural beauty. All of which has allowed the UW to be nationally recognized as a “Great College to Work For” for five consecutive years.

UW School of Medicine’s (UWSOM’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. UWSOM is a part of UW Medicine who also owns or operates Harborview Medical Center, Northwest Hospital & Medical Center, Valley Medical Center, UW Medical Center (UWMC), a network of UW Medicine Neighborhood Clinics that provide primary care, UW Physicians, 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.

The UWSOM is consistently recognized for excellence in training primary care physicians and advancing medical knowledge through scientific research. The school partners with top universities to educate students throughout Washington, Wyoming, Alaska, Montana and Idaho (WWAMI) as one of the country’s most innovative medical training programs. With robust interdisciplinary collaboration, the school’s educators, clinicians, scientists and students help each other reach the common goals of improving people’s health and alleviating suffering from disease.

UWSOM Finance Operations Department, Office of the Dean has an outstanding opportunity for a Financial Analyst. Under the general direction of the Director of Financial Reporting and Budgets, this individual will perform analysis to support the financial decision making of the organization as well as to assist in the management/reduction of operating costs of UWSOM through reporting and analysis to ensure the long-term sustainability of UWSOM. The job includes multiple and rapidly changing daily work priorities/deadlines in a dynamic environment.

The Financial Analyst serves as a flexible resource that works independently to examine and analyze fiscal and/or administrative records, institutional practices and procedures.  This position has a wide range of responsibilities to include directing and implementing special projects of academic departments, monitor and oversee administrative support during transitional times, financial reporting and analysis, operational assessments, revenue enhancement and expense reduction reviews.  The scope of the position will also include involvement in budget preparation, budget management and review, complex analysis relating to research activities (such as indirect cost modeling), and financial reporting systems project investigation, documentation of business requirements and needs analysis, and implementation.  This position acts in an advisory capacity to senior management in the School providing research and analytical support on important financial issues, and negotiations with affiliate institutions, and must demonstrate effective project management analysis and sound business judgment.

This position is responsible for identifying and implementing solutions to business issues in the School of Medicine. This includes accumulating, synthesizing and integrating information to make independent decisions and take individual action in support of and in the absence of the Director.  This position is expected to proactively seek information from a variety of internal SOM departments, divisions and executive-level individuals, and, on occasion, external organizations.

This position provides critical input and makes assessments of business activities that will affect the preparation of annual UW Medicine Central Budget/Dean’s Office and academic department budgets in accordance with SOM and University procedures and timetables.  Analyses variances from said budgets and make recommendations for action to maintain and/or improve the assistance provided.

This position directly impacts the financial decisions made by School of Medicine executive management.  The issues are normally complex and there may not be precedent for the situation. The Financial Analyst will influence policy and procedure, as well as operational and strategic decisions.

POSITION RESPONSIBILITIES:

Internal Consultant
  • Performs professional financial and budget analysis for UWSOM to support optimal decision-making and cost management.
  • Leads the quarterly reporting process of budget to actual performance and forecasting.
  • Independently completes various financial surveys from external organizations..
  • Develops  annual operating budgets for senior management review.
  • Provides complex analysis based on information gathered from a variety of internal UWSOM departments, divisions and executive-level individuals, and external organizations.
  • Conducts comprehensive financial analysis of new programs as well as existing programs.
  • Is a key contributor to the development of multi-year long range financial plans.
  • Develops ad hoc and recurring reports and interpretations of analytical results to the Director of Financial Reporting and Budgets.
  • Determines best approach to financial analysis and leads projects required for special studies and  as required.
  • Reviews work of other financial staff as needed to develop robust financial reporting systems.

    Financial Planning
  • Provides expert guidance and planning support for various strategic financial plans for the SOM departments and key Dean’s Office departments.  This includes the preparation of business analyses, proposals and implementation plans for new and existing programs. Supports the Director in coordinating presentations of these strategic financial plans throughout the SoM and outside entities.

    Analysis of Administrative Systems Development
  • Analyze the implementation of administrative systems and, where appropriate, provide and coordinate revisions to those systems. The Financial Analyst serves as a resource to the Director in the development, coordination and implementation of new/revamped administrative systems and will effectively lead projects.

    Audits and External Information Requests
  • Works with the Director to coordinate reports necessary for external/internal audits and to produce special requests for information by entities external to UW Medicine.
  • Acts as lead for project and activities involving compliance analyses in the SoM Budgets and Financial Reporting Department.


    POSITION QUALIFICATION
  • Bachelor’s degree in Finance or Accounting and five years demonstrated experience in business planning, financial analyses, and strategic planning.
  • Computer proficiency with spreadsheets, word processing and databases in a Windows environment.
  • Proficiency working with large, complex data files.
  • Ability to interpret and communicate to others complex policies and procedures.
  • Strong communication skills.
  • Ability to work independently with a high degree of reliability, accuracy and productivity.
  • Ability to handle confidential information responsibly.
  • Demonstrated ability to maintain harmonious working relationships and effectively address complex and sensitive administrative issues.
  • Proven track record in exercising discretion and independent judgment effectively in decision-making processes.
  • Demonstrated experience of successful handling of multiple projects with critical deadlines.
  • Functional working knowledge of project management principles

    DESIRED
  • Two years experience in a major medical school or academic medical center, including experience in financial operations management.
  • Specific knowledge of the University of Washington’s financial accounting, purchasing, capital equipment, grant and payroll systems.

    CONDITIONS OF EMPLOYMENT
    The application process for UW positions may include completion of a variety of online assessments to obtain additional information that will be used in the evaluation process.  These assessments may include Work Authorization, Cover Letter and/or others.  Any assessments that you need to complete will appear on your screen as soon as you select “Apply to this position”. Once you begin an assessment, it must be completed at that time; if you do not complete the assessment you will be prompted to do so the next time you access your “My Jobs” page. If you select to take it later, it will appear on your "My Jobs" page to take when you are ready. Please note that your application will not be reviewed, and you will not be considered for this position until all required assessments have been completed.

  • Committed to attracting and retaining a diverse staff, the University of Washington will honor your experiences, perspectives and unique identity. Together, our community strives to create and maintain working and learning environments that are inclusive, equitable and welcoming.

    The University of Washington is a leader in environmental stewardship & sustainability, and committed to becoming climate neutral.

    The University of Washington is an equal opportunity, affirmative action employer. To request disability accommodation in the application process, contact the Disability Services Office at 206-543-6450 / 206-543-6452 (tty) or dso@uw.edu.