Financial Analyst @ Columbia University

Edtech.com's Summary

Columbia University is hiring a Financial Analyst to oversee and support budget and financial reporting for the Departments of Otolaryngology, Surgery, and Urology. The role involves partnering with budget and finance managers, preparing financial reports, managing invoicing and accounts receivable, and collaborating with various teams to maintain fiscal sustainability.

Highlights

Manage budget planning, financial transactions, and audits for Surgery, Otolaryngology, and Urology departments.
Prepare monthly, quarterly, and annual financial reports and reconciliations.
Monitor large NYPH pass-through transactions and coordinate with NYPH finance team.
Support malpractice insurance processing and communications related to physician status changes.
Collaborate with HeartSource COO on financial management and approvals.
Produce monthly invoices and oversee medical service agreement compliance and updates.
Track accounts receivable, monitor overdue payments, and perform bank reconciliations.
Generate ad hoc financial reports and perform data entry for various financial tasks.
Required skills include intermediate to advanced Excel and Adobe proficiency, strong analytical capabilities, and effective communication skills.
Minimum qualification: Bachelor's degree or equivalent experience; salary range $66,300 to $80,000 annually.

Financial Analyst Full Description

Job Type: Officer of Administration
Bargaining Unit:
Regular/Temporary: Regular
End Date if Temporary:
Hours Per Week: 35
Standard Work Schedule: Mon - Fri (9am - 5pm)
Building: Columbia University Medical Center
Salary Range: $66,300.00 - $80,000.00

The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to departmental budgets, qualifications, experience, education, licenses, specialty, and training. The above hiring range represents the University's good faith and reasonable estimate of the range of possible compensation at the time of posting.

Position Summary

The Financial Analyst is responsible for overseeing and supporting the budget and financial reporting for the Departments of Otolaryngology, Surgery and Urology. Reporting to the Manager of Budget and Finance, the position will work with both faculty and administrative staff to ensure the departments operate in a fiscally sustainable manner.

Responsibilities

Partner with the manager of budget and finance in financial management of Surgery, Otolaryngology, and Urology, and contribute to budget planning, monitoring financial entries, transaction audits, and daily operations.
Support the departmentâs senior director of budget and finance, assistant director of budget and finance, senior financial analysts, and other financial analysts.

NYPH pass-through projects:

Monitor large and complex NYPH pass-through transactions. Update the project schedule and prepare allocations.
Track all new and pending lines, communicate with NYPH finance team, and report to the team.
Prepare reconciliation templates for deanâs office if meetings are scheduled.

Malpractice Insurance:

Work with HR to support onboarding officers to ensure classes are coded correctly.
Communicate with CMO to receive credits for terminated physicians, short-term leave staff, and retiring members.
Prepare other required paperwork and distribute annual malpractice insurance certificates to division assistants.

Financial Report Preparation:

Routinely create monthly, quarterly, and annual transfers within Surgery and to outside departments. Also, generate similar reports for Otolaryngology, and Urology.

HeartSource financial management:

Collaborate with HeartSource COO, generate financial reports, prepare internal transfer funds, and notify Cardiology for approval.

Invoicing:

Get familiar with medical service agreements, produce monthly invoices.
Monitor agreement negotiation, changes in rates, and extension execution.
Help accounting with journal updates when payment.

Accounts Receivable:

Track and oversee accounts receivable for MSAs, NYPH funds, and many other transactions with outside organizations.
Monitor past due payments and communicate with the team. Reconcile bank accounts and submit transfer requests.

Ad hoc Reporting and Analysis:

Prepare many one-off reports and analyses on demand as requested by supervisor and CFO.

Data entry

Publish daily trial balance reports for Surgery, Otolaryngology, and Urology.
Help team members with data entries in service corporation, malpractice insurance, telecommunication, and other shared allocations.

Data Download:

Get familiar with routine downloads and submit to requesters for approvals
Other related duties as assigned.

Minimum Qualifications

Bachelor's degree or equivalent in education and experience

Other Requirements

Qualifications for Candidates include but are not limited to the following:

Must have strong analytical abilities.
Must be able to manage and analyze large and complex data sets with a high degree of accuracy.
Must be able to manage a high-volume workload.
Must have strong organizational skills and capable of working independently as well as collaboratively.
Must be detail oriented and be able to handle competing priorities.
Effective interpersonal and communication skills required; excellent customer service.
Intermediate to advanced level Excel and Adobe professional skills.Â

Equal Opportunity Employer / Disability / Veteran

Columbia University is committed to the hiring of qualified local residents.

Original Job Description

Job Type: Officer of Administration
Bargaining Unit:
Regular/Temporary: Regular
End Date if Temporary:
Hours Per Week: 35
Standard Work Schedule: Mon - Fri (9am - 5pm)
Building: Columbia University Medical Center
Salary Range: $66,300.00 - $80,000.00