Financial Analyst 3

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The Department of Pathology is seeking a full-time Financial Analyst 3 to work on-site in Miami, FL.

CORE JOB SUMMARY
The Financial Analyst 3 examines financial status of the organization by collecting, monitoring, and studying data, and develops projections, reports, and presentations to assist senior managing staff in their financial decision-making process. Moreover, the incumbent establishes and enforces policies and procedures that further department’s financial goals and objectives.

CORE JOB FUNCTIONS

• Develops, prepares and coordinates documentation of financial analysis projects such as budgets, forecasts, projections, expense performance, and presentations.

• Identifies trends and developments in competitive environments and makes recommendations to senior management.

• Provides analytical evaluation for forward-looking financial or business-related projects.

• Devises financial forecasting and reconciliation of accounts.

• Reviews reports and ensures that financial information has been recorded accurately.

• Compares results with plans and forecasts and makes recommendations for adjustments.

• Trains and oversees junior staff members to ensure accuracy and efficiency in end work product.

• Assists in the development and organization of department and project budgets.

• Designs and builds various models that summarize several different scenarios around growth and expansion initiatives or opportunities.

• Develops performance and productivity dashboards, models or analyses.

• Determines profitability and pricing on product offerings and develops performance indicators to enable the analysis of business segments and new product lines.

• Conducts research on different strategic initiatives.

• Acts as liaison to other departments, vendors, and other external parties to complete assignments.

• Adheres to University and unit-level policies and procedures and safeguards University assets.

This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as necessary.

CORE QUALIFICATIONS
Bachelor’s degree in relevant field required
Minimum 5 years of relevant experience required

Knowledge, Skills and Abilities:

• Learning Agility: Ability to learn new procedures, technologies, and protocols, and adapt to changing priorities and work demands.

• Teamwork: Ability to work collaboratively with others and contribute to a team environment.

• Technical Proficiency: Skilled in using office software, technology, and relevant computer applications.

• Communication: Strong and clear written and verbal communication skills for interacting with colleagues and stakeholders.

Department Specific Duties and Responsibilities

The Financial Analyst 3 serves as a staff member of the Department of Pathology and Laboratory Medicine (DPLM) Finance Team and provides advanced financial, analytical, and operational support across the department’s professional clinical, academic, and research missions. The position supports departmental leadership including the Director of Finance, Department Chair, Senior Administrative Officer (SAO), faculty leaders, and administrative stakeholders through independent financial analysis, operational reporting, reconciliation, forecasting, and strategic decision-support activities.

This role requires the exercise of professional judgment, analytical thinking, problem-solving, discretion, and independent prioritization in a complex academic healthcare environment with multiple funding sources, compensation structures, operational workflows, and regulatory considerations.

Financial Analysis, Reporting, and Reconciliation

• Performs independent financial analysis, reconciliations, and operational reporting activities to support departmental leadership decision-making, financial planning, and strategic operational initiatives.

• Prepares and reviews variance analyses, run-rate analyses, expense trends, and comparative financial reports.

• Assists with monthly and quarterly financial close processes including revenue review, accrual support, invoice validation, and account reconciliation.

• Reviews financial statements, validates financial transactions, and monitors departmental financial performance to ensure accuracy and compliance.

• Conducts ad hoc financial analyses, reporting, and special projects in support of departmental and institutional priorities.

Faculty Compensation and Productivity Support

• Supports administration and reconciliation of faculty compensation plans, supplemental payments, incentive payments, and provider compensation activities.

• Maintains faculty compensation master files, FTE/eFTE distribution files, and compensation-related documentation.

• Assists with provider productivity reporting and dashboard development, including wRVU, volume, FTE distribution, and operational metrics reporting.

• Prepares compensation summaries, payout documentation, and faculty evaluation support analyses.

• Assists with reconciliation and communication related to Professional Expense Allowance (PEA) activity.

Budgeting, Forecasting, and Proforma Development

• Assists with preparation and maintenance of budgets, forecasts, financial models, and operational proformas supporting clinical, academic, and research activities.

• Develops proformas and financial analyses for new faculty positions, service agreements, outreach initiatives, and strategic operational projects.

• Supports tracking and monitoring of departmental financial commitments and allocation methodologies.

• Assists with costing allocation reviews, forecasting activities, and financial impact analyses.

Internal and External Sponsored Financial Support

• Supports financial activities related to external support across departmental programs and initiatives.

• Reviews and monitors costing allocations, PAAs, research commitments, and other related financial transactions.

• Assists with tracking financial commitments associated with departmental and cancer center research activities.

Operational Finance and Administrative Support

• Supports operational finance workflows and internal financial controls across the department.

• Assists with reconciliation and monitoring of outreach, reference laboratory, AOA billing, purchasing, and invoice-related activities.

• Reviews and reconciles operational transactions including purchase orders, invoices, deposits, and payments.

• Assists with management and review of Workday financial roles, access assignments, and operational finance processes.

• Serves as a professional finance resource to departmental leadership and stakeholders by providing analytical support, financial interpretation, and operational guidance related to departmental financial activities.

Reporting Tools, Dashboards, and Process Improvement

• Develops and maintains dashboards, tracking tools, reports, and operational financial summaries to support leadership oversight and decision-making.

• Creates and updates standard operating procedures (SOPs), workflow documentation, and process improvement resources.

• Utilizes Workday and Microsoft 365 applications including Excel, Word, PowerPoint, Outlook, Teams, Planner, and Copilot to support financial reporting, operational efficiency, and workflow management.

• Identifies opportunities for process improvement, operational standardization, enhanced financial tracking, and workflow optimization.

Collaboration and Leadership Support

• Collaborates with departmental leadership, faculty, research administration, supply chain, education, and operational teams to support financial and operational initiatives.

• Provides financial and operational support for departmental meetings, strategic initiatives, and leadership reporting needs.

• Exercises independent judgment, analytical reasoning, and problem-solving in managing assigned responsibilities and resolving financial or operational issues.

• Performs other duties as assigned in support of departmental and institutional priorities.

The University of Miami offers competitive salaries and a comprehensive benefits package including medical, dental, tuition remission and more.

UHealth-University of Miami Health System, South Florida's only university-based health system, provides leading-edge patient care powered by the ground breaking research and medical education at the Miller School of Medicine. As an academic medical center, we are proud to serve South Florida, Latin America and the Caribbean. Our physicians represent more than 100 specialties and sub-specialties, and have more than one million patient encounters each year. Our tradition of excellence has earned worldwide recognition for outstanding teaching, research and patient care. We're the challenge you've been looking for.

The University of Miami is an Equal Opportunity Employer. Applicants and employees are protected from discrimination based on certain categories protected by Federal law.

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