Financial Analyst (Sr/Inter) - UMMG Finance Team
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How to Apply
We encourage applicants to submit a cover letter showcasing interest in the position and outlining unique skills and experiences that are relevant to this opportunity.
Job Summary
Michigan Medicine is seeking a proven and experienced financial analyst to work with administrative and financial data sets to support the analysis of business operations, strategic initiatives, and leadership support. The financial analyst will join the University of Michigan Medical Group (UMMG) team as a critical liaison to the Medical School, collaborating closely with clinical departments. This role will primarily focus on financial analysis of approximately $1 billion of annual funds transfers from UMMG to the Medical School, and will support clinical departments by analyzing professional revenue, RVU payments, and MOU agreements.
The analyst will be expected to leverage communication skills to solve complex financial tasks, working directly with clinical departments. Ideal candidates are adaptable and willing to take on a broad variety of additional tasks to improve operational efficiency, prepare presentations for internal or external groups, and function with a high degree of independence and minimal supervision to deliver projects effectively and on time.
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.
Responsibilities*
As a financial analyst, a typical day will likely include:
Preparing financial analyses, presentations, and correspondence to support UMMG leadership.
Serving as a financial liaison to the Medical School, building strong relationships with clinical departments.
Participating in multidisciplinary teams evaluating strategic, operational and financial aspects of the academic enterprise.
Partnering with the revenue cycle and reimbursement teams on Relative Value Unit (RVU) model mechanics and calculations, and professional revenue analysis.
Managing and analyzing UMMG?s memorandum of understanding (MOU) portfolio.
Working with complex data sets, synthesizing and summarizing results to allow for the identification of key issues, decision-making criteria, and determination of strategies.
Analyzing data to support strategic financials, business case development, and provide leadership support through ad hoc and recurring reporting and communication.
Designing, developing and recommending new approaches, methodologies and tools for data driven decision making and planning.
This job might be right for you if...
Using data and analytics to support business decisions and financial analysis sounds exciting.
You are skilled in identifying, analyzing, and interpreting trends or patterns in complex data sets.
You enjoy problem solving and making new discoveries.
You thrive in dynamic and fast paced working environments.
Working in ambiguity and creating business solutions that are novel to the organization sounds stimulating.
You pay attention to detail and do not let anything fall through the cracks. As far as you are concerned, anything worth doing is worth doing right, every time.
You can thrive while working in both team and individual settings.
You are adaptable to changing conditions and you maintain a high level of focus/energy.
You feel comfortable offering support and expressing ideas to leadership.
You make the customer your number one priority in any situation.
Required Qualifications*
Bachelor's degree in business administration, finance, or related field.
Proven ability to build internal client relationships, function as a member of a team, and demonstrate initiative.
Experience in financial analysis, planning, forecasting, and reporting.
Proven ability to adapt knowledge, learn quickly, and handle multiple work streams simultaneously.
Ability to assess competing priorities, manage workflow and meet operational deadlines.
Knowledge of and/or experience in Microsoft Office Suite (specifically Excel).
Strong communication skills (both oral and written), and the ability to analyze large amounts of complex information to present simple and concise material to the appropriate audience.
Senior Level
5-8 years of professional experience
Intermediate Level
2-5 years of professional experience
Desired Qualifications*
Master's degree in business administration or equivalent.
2+ years of experience in an analytical role.
Experience in healthcare, higher education and/or academic medical center setting.
Advanced analytical, modeling, and data visualization skills.
Experience with professional revenue and/or revenue cycle analysis.
Experience in Business Objects, PeopleSoft, Oracle, and/or Hyperion.
Experience working across multiple functions (Finance, IT, HR, etc.) and demonstrated success in quickly developing appropriate domain knowledge from each to support more robust solutions.
Ability to complete complex analytical, consultative and information support through analysis and report preparation.
Ability in problem solving analyses, methodology development, technical execution, and development of recommendations.
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 thework modes (https://hr.umich.edu/working-u-m/my-employment/ways-we-work-resource-center/ways-we-work-implementation-group/modes-work) .
Underfill Statement
This position may be underfilled at a lower classification depending on the qualifications of the selected candidate.
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 Statement
The University of Michigan is an equal employment opportunity employer.
Job Detail
Job Opening ID
264616
Working Title
Financial Analyst (Sr/Inter) - UMMG Finance Team
Job Title
Financial or Bus Analyst Sr
Work Location
Ann Arbor Campus
Ann Arbor, MI
Modes of Work
Hybrid
Full/Part Time
Full-Time
Regular/Temporary
Regular
FLSA Status
Exempt
Organizational Group
Medical School
Department
MM Executive Administration
Posting Begin/End Date
6/04/2025 - 6/18/2025
Career Interest
Finance
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