Financial Analyst

Financial Analyst - Stony Brook CPMP Finance 

Location: Stony Brook, NY

At the manager’s discretion, this role may be eligible for remote work; this position is only available to New York State Residents. 

Schedule: Full Time

Days/Hours: Monday - Friday; 8:30 AM - 5 PM  

Salary Range: $71,001 - $79,001 (pay will be determined based on experience, preferred qualifications, and education)

Our compensation philosophy aims to provide marketable compensation programs and to compensate employees based on relevant experience and education. Individual compensation discussions begin during the hiring process and may occur during job review and promotional opportunities. Salaries vary depending on experience, education and current market for the position. Human Resources determines the external and internal equitable salary for each employee. 

SUMMARY: Under the guidance of the Financial Planning & Analysis (FP&A) Manager, the Financial Analyst is responsible for supporting the preparation of the annual budget, developing financial analytics and dashboards, streamlining and implementing process improvements for the Accounting Department, and documenting and communicating financial procedures and policies.

Job Duties & Essential Functions:

Budget & Financial Analysis:

• Assist in the development and consolidation of the organization’s $700 million annual budget, inclusive of 17 clinical practices and 14 administrative departments
• In alignment with the department goals under the direction of the Manager, communicate and collaborate with clinical department administrators, central administration and other leaders within the organization to ensure timely, cohesive preparation and submission of budgets, forecasts and YTD variance explanations
• Review proposed departmental budget submissions for accuracy and completeness within policies
• Assist with consolidating budget submissions and produce high level budget analytics
• Under the guidance of the FP&A Manager, monitor and provide detailed analysis and explanation for discrepancies against budgets and forecasts with routine frequency
• Support the development and maintenance of financial databases for actual, budget and forecast data and payroll databases for multiple pay entities for staff and physicians. Validate and maintain financial and payroll data to ensure its completeness and accuracy. Assist in the creation of additional database sources as identified
• Create analysis and reporting of vendor data, including detailed spend analysis
• Under the guidance of the FP&A Manager, create budget analysis and key financial metric reports and dashboards using BI software
• Create and update operational metrics to support the finance team
• Develop and maintain financial policies and procedures
• Assist with maintenance of CPMP Finance internal website
• Support financial software implementation and administration
• All other projects as identified

Required Qualifications:

• Bachelor’s degree with a major in accounting, finance or other related field
• Three (3) or more years of experience in a financial role
• Advanced Microsoft Excel skills 
• Excellent verbal and written communication skills

Preferred Qualifications:

• MBA or Masters in Accounting or Finance
• Prior experience with financial analysis, budgeting, forecasting and dashboard develop
• Prior experience merging multiple data sources, validating data, and drilling down
• Experience with a business intelligence system
• Experience with Excel Visual Basic
• Experience with financial planning software
• Accounting experience in an academic healthcare organization

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to communicate with patients, staff and medical providers. The employee must be able to exchange accurate information in these situations. This position is largely sedentary and requires the employee to remain stationary for a majority of the day. Any additional physical demands will be outlined and provided by management. 

The responsibilities and tasks outlined in this job description are not exhaustive and may change as determined by the needs of CPMP. 

StaffCo is a Professional Employer Organization, commonly referred to as a PEO, duly organized and registered under the New York Professional Employer Organization law. StaffCo and SUNY have entered into a professional employer agreement under which StaffCo is the employer of Stony Brook Clinical Practice Management Plan employees and responsible for all aspects of employment, including hirings, promotions, disciplines, terminations, the day-to-day direction and supervision of work, as well as labor relations and collective bargaining. StaffCo is fully responsible for providing all payroll and human resources services, including the payment of wages, collecting and reporting payroll taxes and maintaining any and all employee benefits.  SUNY Stony Brook Hospital is responsible for the operation of the hospital and provision of health care and is the co-employer as is necessary to conduct its responsibilities and for related licensure, regulatory or statutory requirements and obligations.    

Given StaffCo’s employment responsibilities, it is deemed the “employer” for employment and labor law purposes.  Thus, the employees are private sector employees of StaffCo, not public sector employees of SUNY.  The private sector nature of the StaffCo employees has been approved by NYS Civil Service and upheld in a decision by the US National Labor Relations Board. 

CPMP provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, creed, gender, national origin, age, disability, marital or veteran status, sexual orientation, gender identity or expression, or any other legally protected status.  This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall and transfer, leaves of absence, compensation and training.

CPMP expressly prohibits any form of workplace harassment based on race, color, religion, creed, gender, national origin, age, disability, marital or veteran status, sexual orientation, gender identity, or any other legally protected status.  Improper interference with the ability of CPMP’s employees to perform their job duties may result in discipline up to and including discharge.