Financial Analyst - Department of Surgery

University of Iowa Health Care is seeking a Financial Analyst for the Department of Surgery to independently perform a broad range of complex accounting and financial analysis responsibilities to assure accurate, effective, and compliant organizational/department/unit operations.

Job Responsibilities
•    Prepare salary, fringe, and expense projections for all Department of Surgery divisions as well as quarterly forecasts for the Department. 
•    Assist with and support development of annual operating budget. Assist with data entry into StrataJazz system.
•    Monitor and review monthly budget-to-actuals and provide reports to DAO and Assistant DAO.
•    Prepare forecast of monthly income statements and review with finance team. 
•    Set up and monitor salary splits for the department on all open accounts. Process payCVs and HR change of statuses as necessary. 
•    Collaborate with finance team to balance accounts, calculate accruals, close accounts, review malpractice reports, and work on divisional budgets and forecasts. 
•    Assist as needed with development of grant budgets, oversee expenditures for grants, contracts, subawards and gifts for the Department while upholding UI and sponsor policies and procedures.
•    Assist as needed with completion of grant closeouts in conjunction with Grant Accounting Office (GAO) and external sponsors.  
•    Assist with post-award financial management including review of budget vs. actual expenditures. Provide monthly reports to PIs, DAO and DEO regarding research funding.
•    Conduct monthly review of general ledger. 
•    Generate divisional income statements, provide notes on inconsistencies, and offer recommendations.
•    Generate monthly individual provider level and division level profit/loss statements.
•    Generate division level effort reports.
•    Review monthly funds flow reports and transactions. At the Department level, prepare and complete entries assigning funds flow to proper divisions/accounts.
•    Create, process, review, increase or amend purchase orders as needed. 
•    Prepare forecasts for DAO as requested for numerous reports from expenses, salaries, VA commitments, monthly divisional snapshots and comparison to prior years.  
•    Evaluate and track CCOM/Hospital/other commitments and purchased services.  
•    Approve transactions in workflow. 
•    Monitor gift accounts through the University of Iowa Center for Advancement; generate reports and initiate transfers.
•    Enter monthly METS effort, track changes, and generate reports for DAO and finance team; collaborate closely with finance team to ensure accurate, consistent reporting.
•    Ensure funds are managed to maximize organizational impact while maintaining strict compliance with policies. 
•    Work closely with clinical and operational teams to integrate financial insights into strategic planning efforts.
•    Participate in calculating and processing of monthly, quarterly, and year end special compensation payments. 
•    Participate in annual compensation review for faculty, facilitating COS as needed for faculty and staff, entering salaries into salary setting tool; review and monitor monthly.   
•    Track faculty commitments and prepare special compensation payments for onboarding faculty members including transition payments and relocation expenses.   
•    Monitor departmental accounts, submit journal entries (JE) and/or WebCV, payCV and request corrections from external departments as needed.  
•    Resolve account discrepancies, respond to inquiries and recommend adjustments needed to balance accounts.
•    Analyze areas that can be streamlined and propose plan for implementing efficiencies. 
•    Train/guide new employees in Department on monthly reconciliation tasks. 
•    Train new employee to review statements, approve transaction detail reports (TDRs), pCards, allotments, travel and purchasing policies.  
•    Review work for accuracy and making changes as needed. 
•    Work with HR to align salaries between the UI and VA. 

Percent of Time:  100%

Schedule:  Monday through Friday, 8:00 am to 5:00 pm.

Location:  UI Health Care Medical Center University Campus

Pay Grade: 3B  Professional and Scientific Pay Structures | University Human Resources - The University of Iowa

Benefits Highlights:
•    Regular salaried position located in Iowa City, Iowa.
•    Fringe benefit package including paid vacation; sick leave; health, dental, life, and disability insurance options; and generous employer contributions into retirement plans. For more information on benefits, please visit UI Health Care Benefits.
•    For more information about Why Iowa? click here.

 

Education Requirements
•    A bachelor’s degree in business, Health Administration, Accounting, Finance, or related field from an accredited college or university, or an equivalent combination of education and experience.

Experience Requirements
•    1 year of experience in accounting, auditing, cost accounting, budget, and/or financial analysis. 
•    Experience gathering information from multiple data sources, understanding the context, and demonstrating detailed analytical skills with the ability to turn raw data into actionable information.
•    Demonstrated excellent written and verbal communication skills.
•    Demonstrated accuracy and attention to detail.
•    Proficiency in computer software applications.

Desired Qualifications
•    Knowledge of accounting and budgeting tools including Cayuse and eRA Commons.
•    Knowledge of federal, state, local, and private funding agencies, policies, and regulations.
•    Knowledge of accounting and budgeting tools including: Peoplesoft, StrataJazz, GL Reporter, and Iowa Electronic Financial Reports (EFR).
•    Knowledge of University accounting policy, procedure, and systems.
•    Ability to multitask and work in a fast-paced environment.

Application Process:  In order to be considered for an interview, applicants must upload a resume and cover letter and mark them as a "Relevant File" to the submission. Job openings are posted for a minimum of 7 calendar days and may be removed from posting and filled any time after the original posting period has ended. Successful candidates will be required to self-disclose any conviction history and will be subject to a criminal background check and credential/education verification. Up to 5 references will be requested at a later step in the recruitment process.
This position is not eligible for University sponsorship for employment authorization.
For additional questions, please contact kiley-skay@uiowa.edu

The Department intends to hire one candidate from either the Financial Analyst (Req # 26001403) or Senior Financial Analyst (Req # 26001419) posting based on the qualifications of the successful candidate.