Job Description

This position will be based out of Atlantic Health - Morristown Medical Center - 100 Madison Avenue location.

Atlantic Health is seeking a full-time Financial Analyst II for the Fiscal Services department at Morristown Medical Center.

Essential Functions/Responsibilities:

The Financial Analyst will play a critical role in analyzing and interpreting financial data, contributing to strategic decision-making, and ensuring the hospital's financial health. The ideal candidate is curious about numbers, data, business, and healthcare; Operations-based mindset is a plus. This role is a balance between financial analysis, business strategy, and implementation planning.

• JOB DESCRIPTION
  • Collaborate with the CFO and Finance team to develop, monitor, and analyze financial performance metrics, budgets, and forecasts.
  • Generate detailed financial reports, including monthly, quarterly, and annual financial statements, variance analyses, and trend reports.
  • Conduct in-depth financial analysis to identify trends, outliers, and opportunities for cost savings or revenue enhancement.
  • Assist in preparation of annual operating budget for the site. Work with budget analyst and CFO in troubleshooting any issues.
  • Work with the accounting team to facilitate month end close and variance reporting.
  • Utilize HBI/HPM cost accounting system to provide contribution margin analysis reports to aid in strategic decision making.
  • Assist in the development and evaluation of strategic financial plans, capital expenditure proposals, and business cases for new initiatives.
  • Provide support in evaluating the financial impact of potential contracts, partnerships, and business development opportunities.
  • Monitor and assess key performance indicators (KPIs) related to hospital operations, revenue generation, and expense management.
  • Collaborate with department heads to gather and analyze financial data, ensuring accuracy and consistency across various departments.
  • Contribute to the preparation of financial presentations for executive leadership and board meetings.
  • Assist in the preparation of financial models and scenarios to support long-term financial planning and risk assessment.
  • Participate in the annual budgeting process, providing insights and recommendations to align budget allocations with strategic goals.
  • Stay informed about industry trends, regulations, and best practices in healthcare finance.
  • Support ad-hoc financial projects and initiatives as directed by the CFO.
  • Analyze the productivity metrics across MMC.
  • Assist in implementation and completion of any external benchmarking engagement.
  • Utilize external benchmarks to drive productivity across the system.
  • Assist (as needed) with on-site productivity meetings with department leadership and staff.
  • Other duties as assigned.

Qualifications

Education:

• Bachelor's degree in Accounting, Finance, Health Care Administration, Business Administration, Public Health, or a related field required, Master's degree preferred.

Experience:

• Minimum of 1-3 years of progressive experience in financial analysis, preferably within a healthcare or hospital environment.
• Proficient with MS Office Applications.
• Knowledge of HPM, EPIC and Axiom strongly preferred.
• Strong analytical skills with the ability to interpret complex financial data, identify trends, and provide actionable insights.
• Proficiency in financial modeling, budgeting, and forecasting techniques.
• Excellent communication skills, both written and verbal, with the ability to present financial information to non-financial stakeholders.
• Advanced proficiency in Microsoft Excel and financial software applications.
• Attention to detail, accuracy, and a strong sense of accountability.
• Ability to work collaboratively in a fast-paced, dynamic environment.
• Knowledge of healthcare regulations and reimbursement methodologies is advantageous.
• Strong ethical standards and the ability to handle confidential information with discretion.

About Us

Morristown Medical Center is a nationally-recognized leader in cardiology and heart surgery, orthopedics, gynecology, geriatrics, gastroenterology and GI surgery, pulmonology and lung surgery, and urology.

We are the only hospital in New Jersey named one of America's '50 Best Hospitals' for six consecutive years by Healthgrades and one of the World's Best Hospitals by Newsweek. We were included on Becker's Healthcare 2020 list of "100 Great Hospitals in America". In addition, Leapfrog recognized us with an "A" hospital safety grade - its highest - twelve consecutive times, and the Centers for Medicare and Medicaid Services awarded us again with its highest five-start rating in 2020.

Morristown Medical Center is a Magnet Hospital for Excellence in Nursing Service, the highest level of recognition achievable from the American Nurses Credentialing Center for facilities that provide acute care services. Our nonprofit hospital was also designated a Level I Regional Trauma Center by the American College of Surgeons and a Level II by the State of NJ.

Atlantic Health offers a competitive and comprehensive Total Rewards package that supports the health, financial security, and well-being of all team members. Offerings vary based on role level (Team Member, Director, Executive). Below is a general summary, with role-specific enhancements highlighted:

EEO STATEMENT

Atlantic Health, Inc. is an equal employment opportunity employer and federal contractor or subcontractor and therefore abides by applicable laws to protect applicants and employees from discrimination in hiring, promotion, discharge, pay, fringe benefits, job training, classification, referral, and other aspects of employment, on the basis of race, color, religion, sex (including pregnancy, gender identity and sexual orientation), national origin, citizenship status, disability, age, genetics, or veteran status.

About the Team

Atlantic Health System is at the forefront of medicine, setting standards for quality health care powered by a workforce of more than 18,000 team members and 4,800 affiliated physicians dedicated to building healthier communities, the system offers more than 400 sites of care, including eight award-winning medical centers. Specializing in cardiovascular care, cancer care, orthopedics, neuroscience, pediatrics, women's health and rehabilitation medicine. Atlantic Medical Group, comprised of 1,000 physicians and advanced practice providers, represents one of the largest multi-specialty practices in New Jersey and includes finance, legal, marketing, human resources, talent acquisition, ISS and more. Caring for our patients, our team members and the communities we serve is our central mission.

Job Info