Financial Analyst – Faculty Practice Finance

Baltimore, MD, United States

Job Req ID: 113886

Financial Analyst – Faculty Practice Finance

We are seeking a Financial Analyst, Faculty Practice Finance who will coordinate and participate in activities related to managing the SOM faculty workforce as part of the Faculty Practice Finance (FPF) vertical in the SOM Central Finance office. SOM Central Finance is the financial management unit in the School of Medicine responsible for oversight of SOM wide financial performance and partnering with departments to move forward strategic financial initiatives. The Analyst will perform financial analysis to assist management in establishing financial goals and objectives for the FPF group. Perform financial and accounting activities in support of various functions, e.g., budgeting, business plans, professional revenue evaluations, faculty compensation and funds flow impacts. Extract financial data from various accounting and information systems to perform basic to moderately complex cost and financial analyses and serve as a project manager to ensure the FPF team is making progress toward annual goals.

Specific Duties & Responsibilities

Program Management

Serve as a key member of the team to manage SOM faculty compensation, including,

Submit data to external agencies for benchmarking.

Evaluate annual benchmark data and apply benchmarks to internal data.

Manage the annual faculty salary letter process.

Provide support to departments during the annual faculty budget process.

Maintain a database of financial agreements with internal and external stakeholders to track support of the faculty practice.

Participate in meetings and serve as staff to committee in support of the Faculty Practice, including workforce planning, new clinical program planning and compensation committees.

Financial Management

Interpret data to evaluate and determine past financial performance and or making financial projections for management who must make an overall business decision.

Evaluate faculty, clinical associate and APP productivity and provide reports to SOM Central Finance and CPA leadership.

Review and validate business plans as part of the faculty recruitment process and provide feedback to department stakeholders when data inconsistencies are identified.

Provide interpretation of accounts, methods and records for management. Conduct studies of cost and financial results of business activities; recommend adjustments and other cost improvement measures. Review costs and perform cost benefit analysis for projects and/or programs.

Produce financial reports for forecasting, trading and results analysis. Provide reports, finding, and recommendation to management. Assist with preparation of special studies, reports, analysis, and recommendations.

Use financial systems, structures, and controls for a variety of processes that provide tracking, validation, billing, payment and debt reporting. Recommend quality control and process improvements with regard to overall business process.

Keep abreast of laws and regulations that impact up to date compliance.

Apply a working knowledge of applicable laws and regulations. Verify documents for completeness and compliance with government and private agencies. Review and analyze a variety of financial transactions including, general funds and federal and private grants and contracts, as well as gift and discretionary accounts.

Use various software applications such as spreadsheets., relational databases, statistical packages to assemble, manipulate and format data.

Thinking Critically

Use knowledge of FPF processes, the financial health of Faculty Practice and OHJP, and dashboard monitoring to inform the Faculty Practice budget and conduct reporting and analysis for decision making purposes

Trains/Communicates

Ensure that School and department colleagues are familiar with internal controls and adherence to them.

Collaborates

Partner with Executive Director and Associate Directors of Faculty Practice Finance; other Faculty Practice Financial analysts; FP&A colleagues; Financial Operations Colleagues; University Controller; JHM Budget team; JHHS/JHM colleagues

Minimum Qualifications

Bachelor's Degree in Finance, Accounting, Business or related field.

Three years progressively responsible related financial/accounting experience.

Additional education may substitute for required experience and additional related experience may substitute for required education, to the extent permitted by the JHU equivalency formula.

Classified Title: Financial Analyst

Job Posting Title (Working Title): Financial Analyst – Faculty Practice Finance

Role/Level/Range: ATP/03/PC

Starting Salary Range: $53,300 - $93,500 Annually ($70,000 targeted; Commensurate with experience)

Employee group: Full Time

Schedule: Mon-Fri, 8.30-5.00

Exempt Status: Exempt

Location: Hybrid/School of Medicine Campus

Department name: SOM Admin Finance Faculty Practice

Personnel area: School of Medicine

Total Rewards

The referenced salary range is based on Johns Hopkins University’s good faith belief at the time of posting. Actual compensation may vary based on factors such as geographic location, work experience, market conditions, education/training and skill level. Johns Hopkins offers a total rewards package that supports our employees' health, life, career and retirement. More information can be found here: https://hr.jhu.edu/benefits-worklife/.

Please refer to the job description above to see which forms of equivalency are permitted for this position. If permitted, equivalencies will follow these guidelines: JHU Equivalency Formula: 30 undergraduate degree credits (semester hours) or 18 graduate degree credits may substitute for one year of experience. Additional related experience may substitute for required education on the same basis. For jobs where equivalency is permitted, up to two years of non-related college course work may be applied towards the total minimum education/experience required for the respective job.

Applicants who do not meet the posted requirements but are completing their final academic semester/quarter will be considered eligible for employment and may be asked to provide additional information confirming their academic completion date.

The successful candidate(s) for this position will be subject to a pre-employment background check. Johns Hopkins is committed to hiring individuals with a justice-involved background, consistent with applicable policies and current practice. A prior criminal history does not automatically preclude candidates from employment at Johns Hopkins University. In accordance with applicable law, the university will review, on an individual basis, the date of a candidate's conviction, the nature of the conviction and how the conviction relates to an essential job-related qualification or function.

The Johns Hopkins University values diversity, equity and inclusion and advances these through our key strategic framework, the JHU Roadmap on Diversity and Inclusion.

Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

EEO Is The Law

https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf

Accommodation Information

If you are interested in applying for employment with The Johns Hopkins University and require special assistance or accommodation during any part of the pre-employment process, please contact the Talent Acquisition Office at [email protected]. For TTY users, call via Maryland Relay or dial 711. For more information about workplace accommodations or accessibility at Johns Hopkins University, please visit https://accessibility.jhu.edu/.

Johns Hopkins has mandated COVID-19 and influenza vaccines, as applicable. The COVID-19 vaccine does not apply to positions located in the State of Florida. Exceptions to the COVID and flu vaccine requirements may be provided to individuals for religious beliefs or medical reasons. Requests for an exception must be submitted to the JHU vaccination registry. For additional information, applicants for SOM positions should visit https://www.hopkinsmedicine.org/coronavirus/covid-19-vaccine/ and all other JHU applicants should visit https://covidinfo.jhu.edu/health-safety/covid-vaccination-information/.

The following additional provisions may apply, depending upon campus. Your recruiter will advise accordingly.

The pre-employment physical for positions in clinical areas, laboratories, working with research subjects, or involving community contact requires documentation of immune status against Rubella (German measles), Rubeola (Measles), Mumps, Varicella (chickenpox), Hepatitis B and documentation of having received the Tdap (Tetanus, diphtheria, pertussis) vaccination. This may include documentation of having two (2) MMR vaccines; two (2) Varicella vaccines; or antibody status to these diseases from laboratory testing. Blood tests for immunities to these diseases are ordinarily included in the pre-employment physical exam except for those employees who provide results of blood tests or immunization documentation from their own health care providers. Any vaccinations required for these diseases will be given at no cost in our Occupational Health office.

Hybrid: On-site 3-4 days a week

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