JOB SUMMARY

The Financial Analyst II serves as the key financial resource.  Provides financial analysis required to support the goals and objectives of Baylor Scott and White (BSWH).

JOB SUMMARY SPECIFIC TO THIS POSITION

• Perform pricing and financial analytics and modeling for the health system. Modeling would help support impact analysis from annual price changes and changes in charging methodologies and would also support programs/projects that help evaluate System financial performance.
• Contribute to the development of policies, guidelines and supporting documentation to address key pricing and financial initiatives for the System in compliance with federal, state and payer regulations. Assists with the education and training of facility personnel, as needed.
• Provides recommendations on critical initiatives related to pricing and revenue analytics, and is able to communicate key insights/outcomes to key stakeholders and an executive audience.

ESSENTIAL FUNCTIONS OF THE ROLE

Provides financial analysis support to administrators, department directors, and others as directed or required, to assist in the efficient and cost-effective operation of BSWH.

Prepares the operating and capital budget(s) for assigned areas.

Prepares the 5-year financial operating forecast to include statistics, payer mix, payments capital, etc.

Prepares analysis and presents and defends findings, for any potential capital acquisitions, projects, new services, etc.

Provides ongoing budget vs. actual revenue and expense variance analysis through review of both standard reports and reports which have been developed specifically for the entity.

Prepares verbal or written results of analysis of department operating efficiencies and presents/discusses them with management and others as required.

Develops and produces Management Reports as required/requested.

Prepares operating pro-formas for proposed new services/projects/capital as required.  Understands financial operations and work with all levels of assigned areas, finance, clinical management/personnel to ensure the accuracy of the analysis.

Provides financial analysis and recommendations for lease vs. buy decision relating to new equipment.

Serves as liaison between the assigned area and Decision Support Services and other finance areas of BSWH.

Maintains professional growth through participation in educational programs and professional organizations and activities to maintain knowledge of current trends, practices, and developments.

Conducts finance training for BSWH personnel as directed.

KEY SUCCESS FACTORS

The information contained in this job description is intended to describe the essential job functions required of those assigned to this job. It is not intended to be an exhaustive list of all responsibilities, duties, knowledge, skills, and abilities needed to perform the job. Please note that management retains the right to assign or reassign duties and responsibilities to this job at any time. The ability to competently perform all the essential duties of the position, with or without reasonable accommodation, demonstrated commitment to effective customer service delivery, integrity, and the ability to work productively as a member of a team or work group are basic requirements of all positions at Baylor Scott & White Health.

BENEFITS

Our benefits are designed to help you live well no matter where you are on your journey. For full details on coverage and eligibility, visit the Baylor Scott & White Benefits Hub to explore our offerings, which may include: 

- Immediate eligibility for health and welfare benefits
- 401(k) savings plan with dollar-for-dollar match up to 5%
- Tuition Reimbursement
- PTO accrual beginning Day 1
Note: Benefits may vary based upon position type and/or level

QUALIFICATIONS

• EDUCATION - Bachelor's
• EXPERIENCE - 3 Years of Experience

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About Baylor Scott & White Health

Baylor Scott & White Health (BSWH) is the largest not-for-profit health care system in Texas and one of the largest in the United States. With a commitment to and a track record of innovation, collaboration, integrity and compassion for the patient, BSWH stands to be one of the nation’s exemplary health care organizations. Our mission is to serve all people by providing personalized health and wellness through exemplary care, education and research as a Christian ministry of healing. Joining our team is not just accepting a job, it’s accepting a calling!

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