The College of Veterinary Medicine is searching for a Finance Analyst 1 or 2, depending upon qualifications. This is a key position that serves in direct support of the Veterinary Medical Center (VMC) as a business partner to the Associate Dean of Clinical Affairs (ADCA) and Director of Operations (DOO), with dotted-line reporting to the DOO and direct-line reporting to the Finance Manager. This critical position works closely with management and supervisors throughout the VMC and directs the work of other accounting staff, as pertains to the VMC.
Additional perks for CVM employees include bringing your pet to work, discounted pet care and pet food, and support for professional development.
Anticipated salary range for this position in $90,000-$120,000, depending upon qualifications.
The University of Minnesota is committed to fostering local talent through employment opportunities. This position utilizes a hybrid modality: prospective applicants must be located either in the state of Minnesota, near the Wisconsin border, or otherwise open to relocation.
Essential Functions 1. Financial Analysis â“ 35% â—‹ Analyze, research, and reconcile complex financial activity to provide financial and operational insights to leaders for management decisions. â—‹ Scenario analysis and modeling and business plan development; advise leaders on financial impact of various options. â—‹ Ensure subsidiary system activity reconciles with EFS general ledger. â—‹ Conduct comprehensive budget variance analysis and clinical revenue forecasting. â—‹ Evaluate impact of staffing decisions; complete financial pro formas for hiring requests. â—‹ Conduct ad hoc financial analyses based on non-financial drivers.
2. Financial Reporting - 25% â—‹ Prepare monthly profit & loss statements and other financial reports to monitor financial health of VMC and make management decisions. â—‹ Provide management-level reports on procurement and other financial activity. â—‹ Design and develop new reports as needed for management decision making. â—‹ Prepare fiscal year end reporting for Accounting Services (Inventory, Accounts Receivable Reconciliation, Capital Leases, and Intangible Assets). â—‹ Maintain position control report; provide management-level reports on staffing and personnel costs. â—‹ Provide data for annual external reports, internal audits, and other requests as needed.
3. Budget â“ 20% â—‹ Evaluate current and historical financial and accession (caseload) activity, staffing levels, and operational changes to produce robust projections and budgets for each service, culminating in a whole-Hospital budget, in close coordination with DOO. â—‹ Engage directors, managers, clinicians and supervisors in the establishment of budgets. â—‹ Model impact of price adjustments, volume changes, and other operational changes. â—‹ Analyze impact of compensation and supply and equipment cost increases and adjustments required to sustain operations.
Financial Oversight â“ 20%
Analyze product/service costing and pricing including market research/analysis; advise DOO on pricing changes.
Interpret, apply, and advise on University, Collegiate, and VMC policies and Federal and State regulations
Ensure compliance relating to financial transactions; audit financial activity in subsidiary systems.
Approve requisitions, payments, and expense reimbursements consistent with applicable policies and procedures.
Recommend new or revised processes/procedures related to data accumulation, analysis, reporting, and archiving in accordance with standard processes for leadership decision making and to promote organizational effectiveness and efficiency.
Identify and resolve conflicts between University policy and VMC operational needs.
Collaborate with Informatics on software configurations to provide accurate data for financial compliance, integrity, and analysis.
Minimum/Essential Qualifications â¢ Bachelorâ™s Degree and six years of professional accounting/finance experience (Finance Analyst 1) OR Bachelorâ™s Degree and eight years of professional accounting/finance experience (Finance Analyst 2) â¢ Experience in Excel spreadsheet development, pivot tables, databases.
Preferred Qualifications Experience with financial forecasting and analysis of multi-million dollar operations.
Experience with complex costing and pricing models.
Experience with P&L Analysis, variance analysis for multiple service/product lines or equivalent,
Experience with KPI analysis
Experience with fund accounting
Experience with analytics software, such as Tableau, Power BI, etc.
Experience with and knowledge of clinical operations.
Excellent communication and interpersonal skills; ability to provide excellent customer service while maintaining compliance with policies and procedures.
Knowledge of and ability to understand and apply financial policies and procedures.
Experience with PeopleSoft or other enterprise systems.
Experience with University of Minnesota financial reporting and systems.
The University of Minnesota, founded in the belief that all people are enriched by understanding, is dedicated to the advancement of learning and the search for truth; to the sharing of this knowledge through education for a diverse community; and to the application of this knowledge to benefit the people of the state, the nation, and the world.