The Decision Support, Financial Analyst reflects the mission, vision, and values of NM, adheres to the organization’s Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards.The Decision Support, Financial Analyst  is responsible for recording transactions, performing analysis activities, and evaluating trends and drivers at Northwestern Medicine. The position will also be charged with the preparation and some review activities related to the month end close process; as well as support for the annual financial statement audit. The analyst will need to understand complex financial concepts in a fast paced environment. Responsibilities:Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment and business decisions:Guides cost analysis process by developing policies and procedures; providing trends and forecasts; explaining processes and techniques; recommending actions.Recommends actions by analyzing and interpreting data and making comparative analyses; studying proposed changes in methods and materials.Increase productivity by developing automated applications, eliminating duplication, coordinating information requirements.Lead in gathering data and presentation materials for annual and ad hoc surveys.Consistently delivers concrete, relevant results. Displays qualities of resiliency and resourcefulness while thinking strategically and practically when problem solving. In addition to results orientation, displays business knowledge, speed and decisiveness, and project management.Work with operational managers to develop assumptions used in financial models.Effectively present and communicate to all levels of the organization Responsibilities:Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment and business decisions:Guides cost analysis process by developing policies and procedures; providing trends and forecasts; explaining processes and techniques; recommending actions.Recommends actions by analyzing and interpreting data and making comparative analyses; studying proposed changes in methods and materials.Increase productivity by developing automated applications, eliminating duplication, coordinating information requirements.Lead in gathering data and presentation materials for annual and ad hoc surveys.Consistently delivers concrete, relevant results. Displays qualities of resiliency and resourcefulness while thinking strategically and practically when problem solving. In addition to results orientation, displays business knowledge, speed and decisiveness, and project management.Work with operational managers to develop assumptions used in financial models.Effectively present and communicate to all levels of the organizationRoles:Cost AccountingAnalyze and interpret monthly general ledger, payroll, and clinical dataWork through monthly cost accounting process, identifying appropriate allocation methodologies for direct and indirect expensesConduct comprehensive research to reconcile cost anomalies and variancesWork with operational leadership and clinical teams toDevelop and maintain processes for accurate cost allocationsProvide support on data interpretation, variance analysis, and trends issues related to costing dataSupport special projects to improve and advance the cost modelContract Analytics:Analyze Payor contracts to support revenue expectationsAnalyze and maintain contract models in decision support software to support profitability reportingContinuous Improvement:Build and track cost saving and revenue growth initiativesCreate, maintain and deploy training materials for Decision Support software modulesAA/EOE
