How to Apply
A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.
Job Summary
Budget and Contract Analysis: Perform and prepare detailed analysis of Revenue Cycle budget and contract data for both internal and external stakeholders. For budget analysis, responsibilities include monitoring budget performance against actuals, identifying cost overruns or savings opportunities, and providing actionable insights to guide financial decision-making. This involves collaborating closely with department leaders to align budget forecasts with strategic objectives and recommending adjustments based on current and projected financial conditions. For contract analysis, the role includes reviewing and interpreting the financial aspects of contractual agreements, evaluating the financial implications of terms and conditions, and identifying opportunities for cost savings or risk mitigation through contract negotiations. The analyst works with legal, procurement, and operational teams to ensure that contracts are financially sound and aligned with the organization's goals.
Data Reporting: Compile and prepare reports, graphs, and charts using tools such as Tableau, SmartView, Business Objects, Finance BI, and Excel. Track data trends, make recommendations for improvements, and facilitate data-driven decision-making.
Trend Analysis and Solutions: Analyze and present trends in budget and contract data, propose potential solutions, and collaborate with customers to implement next steps. Prepare ad hoc analyses and perform other duties as assigned.
Reporting Innovation: Adapt and apply new developments in sophisticated reporting techniques to support regional contract and budget needs. Participate in special projects aimed at enhancing reporting, analysis, and internal processes to improve productivity and service delivery.
Mission Statement
Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.
Required Qualifications*
- Bachelor's degree or higher, preferably in Business, Economics, Finance, Health Administration or related field.
- 2-5 years professional experience,
Desired Qualifications*
- Familiarity with data modeling, and other analytical tools/techniques surrounding business and financial analytics.
- Problem solving capabilities including root cause analysis, process comprehension, development of alternative solutions, and recommended course of action.
- Financial systems acumen, including considerable experience with Microsoft products (Excel, PowerPoint, Word, Outlook).
- Strong communication skills as well as listening skills ensuring customer requirements can be aligned with project design and outcomes.
- Excellent verbal and written communication skills (i.e. SBARS).
- Detail-oriented, good organizational skills, analytical, strong problem solving/investigative skills, and ability to be self-directed.
- Ability to assess competing priorities, manage workflow and meet operational deadlines with minimal supervision.
- Demonstrated ability to work in a team environment, build trust in working relationships with other staff and departments
- Ability and willingness to exhibit behaviors consistent with standards of performance improvement and organizational values (e.g., efficiency & financial responsibility, safety, partnership & service, teamwork, compassion, integrity, and trust & respect).
Modes of Work
Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.
Background Screening
Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.
Application Deadline
Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.
