Financial Analyst Expense Specialist

Looking to join and lead a dynamic team at Ohio State University Physicians where excellence meets compassion!?

Who we are

With over 100 cutting-edge outpatient center locations, dedicated to providing exceptional patient care while fostering a collaborative work environment, our buckeye team includes more than 1,800 nurses, medical assistants, physicians, advanced practice providers, administrative support staff, IT specialists, financial specialists and leaders that all play an important part. As an employee of Ohio State University Physicians (OSUP), you'll be an integral part of a team committed to advancing healthcare, education, and professional growth.

Our culture

At OSUP, we foster a culture grounded in the values of inclusion, empathy, sincerity, and determination. We meet our teams where they are, coming together to serve each other and our community.

Our benefits

We know that having options and robust benefit plans are important to you. OSUP prioritizes the wellbeing of our team and that’s why we offer our employees a flexible, competitive benefit package. In addition to medical, dental, vision, health reimbursement accounts, flexible spending accounts, and retirement, we also offer an employee assistance program, paid time off, holidays, and a wellness program designed to support our employees so they can live their best lives.

Position Overview: Detail-oriented Financial Analyst specializing in analysis of expenses including payroll expense, costing allocations, and decision support. Responsible for conducting comprehensive expense analysis, developing financial models, and collaborating with cross-functional teams to drive cost-saving initiatives and ensure financial accuracy.

Key Responsibilities:

• Expense Analysis:
• Conduct comprehensive expense analysis to identify cost-saving opportunities and trends.
• Analyze historical expense data to uncover patterns and anomalies.
• Prepare detailed reports and presentations on expense findings for management review.
• Financial Modeling:
• Develop and maintain financial models to support expense forecasting, budgeting, and variance analysis.
• Utilize advanced Excel functions and financial software to create accurate and dynamic models.
• Regularly update models to reflect changes in business operations and market conditions.
• Cross-Functional Collaboration:
• Collaborate with cross-functional teams to understand expense drivers and provide recommendations for cost control.
• Work closely with departments to gather necessary data and insights.
• Facilitate meetings and discussions to align on expense management strategies.
• Expense Monitoring:
• Monitor and analyze expense accounts to ensure accuracy and compliance with financial policies and procedures.
• Conduct regular audits of expense reports and transactions.
• Implement controls to prevent discrepancies and ensure adherence to budgetary constraints.
• Management Support:
• Provide guidance and support to management on expense-related matters, including the preparation of ad hoc analysis as needed.
• Assist in the development of expense policies and procedures.
• Offer strategic insights to senior management to aid in decision-making processes.
• Industry Trends:
• Stay up to date with industry trends and best practices in expense management and financial analysis.
• Attend relevant workshops, seminars, and conferences.
• Incorporate new methodologies and technologies into the expense management process.
• Process Improvement:
• Assist in the continuous improvement of financial processes and systems to enhance efficiency and accuracy.
• Identify areas for process automation and implement solutions.
• Collaborate with IT and other departments to integrate new tools and systems.
• Payroll and Staffing Expense Analysis:
• Analyze payroll and staffing expenses to ensure alignment with productivity benchmarks.
• Evaluate staffing levels and payroll costs in relation to operational efficiency and productivity goals.
• Provide recommendations for optimizing staffing levels and payroll expenditures.
• Develop and maintain reports on payroll trends and staffing costs for management review.
• Collaborate with HR and department managers to understand staffing needs and control payroll expenses.

 Requirements:  

• Bachelor's degree or equivalent experience
• 6 years of relevant experience

Preferences:

• Advanced degree in business, analytics, or related degree
• 8-12 years of relevant experience
• Proven experience as a Financial Analyst.
• Strong analytical skills with the ability to interpret complex financial data and provide actionable insights.
• Proficiency in financial modeling, data analysis, and data visualization tools.
• Proficiency in advanced functions in Microsoft Excel.
• Excellent communication skills, both written and verbal, with the ability to present financial information to non-financial stakeholders.
• Knowledge of financial policies, procedures, and compliance standards.
• Ability to work independently and as part of a team.
• Strong time management and project management skills.