Sr. Cost Analyst / Sr Financial Analyst
Position Summary
At Stony Brook Medicine, our Sr. Financial Analyst / Sr. Cost Analyst is a valuable member of our Strategic Analytics team. The Sr. Financial Analyst completes, maintains, and assists in the enhancement of the build and functionality within the Syntellis (formerly McKesson) Decision Support Cost Model. They execute, validate, and reconcile cost accounting jobs and yielded results on a recurring basis. This position also produces, documents, and clarifies cost accounting metrics used in Strategic Analytic reports and/or the Business Intelligence tool. They also develop and audit Hospital Reporting and Ad Hoc Analysis which include Revenue Cycle Reports, Profit and Loss and New Program Development. This position works closely with others in Finance and our clinical departments.
Duties of a Sr. Financial Analyst / Sr. Cost Analyst in the Strategic Analytics department may include but, are not limited to the following:
Completes, maintains and assists in the enhancement of the build and functionality within the Syntellis PM Cost Model.
Maintains, modifies and validates the data structure around all aspects of our cost accounting model including General Ledger (GL), Payroll, Revenue and Expense Reclassifications, Overhead Allocations, Relative Value Unit (RVU) assignment, Activity and Encounter Costing.
Understands how to modify the cost model to accurately reflect changes within the institution that will arise after our initial build.
Assists in the development of RVUs with the Associate Director by meeting with department administrators and translating collected labor and supplies information to appropriate RVUs for use in Service Item Costing.
Modifies and creates monthly statistics, documenting any changes in methodology.
Executes, validates and reconciles cost accounting jobs and yielded results on a recurring basis.
Runs costing jobs in a timely and efficient manner by referring to a task calendar containing current and expected scheduled jobs.
Validates that the cost methodologies have produced accurate results, by leveraging existing and building new standard worksheets that can be routinely run.
Maintains cost accounting reconciliation steps after each monthly close by developing and maintaining standard process in collaboration with Associate Director.
Produces, documents, and clarifies cost accounting metrics and values used in Strategic Analytic reports and/or the BI tool.
Creates worksheets in Syntellis that contain cost fields (via formulas or existing) that align with business needs or requirements for specific analyses.
Assists in reviewing and validating costs on a monthly basis for BI Scorecards and Tableau dashboards
Participates in Hospital Reporting and Ad Hoc Analysis which include Revenue Cycle Reports, Profit and Loss and New Program Development.
Performs other work-related duties as assigned or requested.
QUALIFICATIONS:
Required:
Minimum of a Bachelor's Degree or higher in Accounting, Business, Finance, or related field.
Minimum of 4 years of progressive finance experience.
Advanced Microsoft Office, Excel skills.
Strong analytical skills with ability to collect, organize, synthesize and disseminate significant amounts of information with attention to detail and accuracy.
Strong interpersonal and communication skills to effectively interact with employees at all levels of the organization.
Preferred:
Experience with accounting concepts, budget processes, analytics and planning, service line profitability, forecasting concepts in a healthcare setting.
Experience in hospital cost accounting.
Experience with integration and interfacing of data feeds from hospital source systems to Decision Support, Cost Accounting Systems.
Experience with Hospital Reimbursement.
Special Notes: Resume/CV should be included with the online application.
Posting Overview: This position will remain posted until filled or for a maximum of 90 days. An initial review of all applicants will occur two weeks from the posting date. Candidates are advised on the application that for full consideration, applications must be received before the initial review date (which is within two weeks of the posting date).
If within the initial review no candidate was selected to fill the position posted, additional applications will be considered for the posted position; however, the posting will close once a finalist is identified, and at minimal, two weeks after the initial posting date. Please note, that if no candidate were identified and hired within 90 days from initial posting, the posting would close for review, and possibly reposted at a later date.
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Stony Brook Medicine is a smoke free environment. Smoking is strictly prohibited anywhere on campus, including parking lots and outdoor areas on the premises.
All Hospital positions may be subject to changes in pass days and shifts as necessary.
This position may require the wearing of respiratory protection, which may prohibit the wearing of facial hair.
This function/position may be designated as "essential." This means that when the Hospital is faced with an institutional emergency, employees in such positions may be required to remain at their work location or to report to work to protect, recover, and continue operations at Stony Brook Medicine, Stony Brook University Hospital and related facilities.
Prior to start date, the selected candidate must meet the following requirements:
Successfully complete pre-employment physical examination and obtain medical clearance from Stony Brook Medicine's Employee Health Services
*
Complete electronic reference check with a minimum of three (3) professional references.
Successfully complete a 4 panel drug screen
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Meet Regulatory Requirements for pre employment screenings.
Provide a copy of any required New York State license(s)/certificate(s).
Failure to comply with any of the above requirements could result in a delayed start date and/or revocation of the employment offer.
*The hiring department will be responsible for any fee incurred for examination .
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Stony Brook University is committed to excellence in diversity and the creation of an inclusive learning, and working environment. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, pregnancy, familial status, sexual orientation, gender identity or expression, age, disability, genetic information, veteran status and all other protected classes under federal or state laws.
If you need a disability-related accommodation, please call the University Office of Equity and Access at (631)632-6280.
In accordance with the Title II Crime Awareness and Security Act a copy of our crime statistics can be viewed here _._
Visit our WHY WORK HERE page to learn about the total rewards we offer.
Stony Brook University Hospital, consistent with our shared core values and our intent to achieve excellence, remains dedicated to supporting healthier and more resilient communities, both locally and globally.
Anticipated Pay Range:
The salary range (or hiring range) for this position is $102,000 - $117,300 / year.
The above salary range represents SBUH's good faith and reasonable estimate of the range of possible compensation at the time of posting. The specific salary offer will be based on the candidate's validated years of comparable experience. Any efforts to inflate or misrepresent experience are grounds for disqualification from the application process or termination of employment if hired.
Some positions offer annual supplemental pay such as:
Location pay for UUP, CSEA & PEF full-time positions ($3,400).
Your total compensation goes beyond the number in your paycheck. SBUH provides generous leave, health plans, and a state pension that add to your bottom line.
Job Number: 2501080
Official Job Title: : TH Senior Financial Analyst
Job Field : Finance
Primary Location : US-NY-East Setauket
Department/Hiring Area: : Strategic Analytics
Schedule : Full-time
Shift : Day Shift Shift Hours: : 7.5 Pass Days: : Sat, Sun
Posting Start Date : Mar 24, 2025
Posting End Date : Apr 23, 2025, 8:59:00 PM
Salary: : $102,000 - $117,300 / year
Salary Grade: : SL4
SBU Area: : Stony Brook University Hospital
Req ID: 2501080
S:CLZNY-CLZNORTHEAST
