Sr. Financial Analyst, Health Systems (Hybrid) in Secaucus, NJ at Quest Diagnostics

Date Posted: 8/8/2022

Job Snapshot

Job Description

Sr. Financial Analyst, Health Systems (Hybrid)


Basic Purpose:

This is a high growth position, reporting to the Finance Manager, Health Systems.  The role will provide the Health Systems Leadership Team, Finance Director and Finance Manager with financial insights and analytical support to drive health systems business performance and strategy

 

Duties and Responsibilities:

Health Systems Finance is responsible for the analysis, forecasting and budgeting for Quest’s managed laboratory and hospital reference businesses.  The finance team works closely with the regional Finance teams, assisting in analysis and forecasting of all revenue, volume, and expenses across PLS and hospital reference deals in each region.

 Through using your analytical and problem-solving skills in the monthly reporting process, you will be providing key decision makers actionable information to assess the business. Responsibilities will reach beyond the department and require the building of relationships with various levels of Corporate and Regional Finance.

The primary responsibilities include monthly reporting on close variances, preparing monthly outlooks and leadership presentations, budgeting/forecasting, and leveraging our financial systems, including:

•         Analysis and explanation of monthly financial results and variances

•         Owning and preparing the monthly outlook, budgeting, forecasting, for PLS and/or hospital reference deals within certain regions

•         Become an expert in our financial system - Oracle/Hyperion Essbase with Smart View, Workforce Planning

•         Develop and maintain standardized best practices regarding the reporting and analysis of operating costs, revenue, and volume

•         Drive continuous improvement to deliver the highest quality analysis (create processes, SOP’s, checklists, system configuration and tools)

•         Calculate, report, and analyze business performance metrics including SOP’s that outline the source, governance and use of such metrics as it relates to revenue and operating costs

•         Integrate data from various groups (Operations, IT, Invigorate, Ops Excellence, Regional Finance, etc.) to construct an overall understanding of our business performance

•         Contribute to monthly finance reporting to Senior Leadership Teams (CFO, RFDs, SVP Commercial, SVP Operations) through the production of effective monthly reports

•         Supply other members of the team with insights, standard analytics, and accurate forecasting

•         Serve as a resource for all the Regional Finance teams

•         Exemplify Quest Finance’ ABP Competencies (Financial Acumen, Critical Thinking, & Framing and Influencing)

•         Continually reassess customer needs considering business/market dynamics, proactively identifying trends, and working with Business Partners to adjust deliverables accordingly

•         Be actively committed to personal development through engagement in training and learning opportunities, setting goals and develop a plan to obtain those goals

•         Further foster individual growth and improvement through taking on additional projects

 

Qualifications:

Education Preferred:

•         Minimum level of education required – Bachelor’s degree in Finance or Accounting

•         MBA and/or CPA is a plus

Work Experience:

•         3-5 years of related experience in Finance or Accounting

Physical and Mental Requirements:

•         Job requires the individual to sit or stand for long periods of time

 

Other:

•         Strong Excel skills

•         Ability to partner with and collaborate across functions/levels to deliver business results

•         Critical thinker with deep business and financial acumen particularly around financial modeling, return on investments analysis, and overall P&L management

•         Excellent communications and executive presentation skills, with strong capability to frame and influence others

•         Ability to effectively navigate in a matrix organization and engage in healthy debates to enhance the outcome of team decisions