Financial Analyst at WVU Medicine: A Rewarding Career Path

WVU Medicine is West Virginia's premier academic medical center, committed to providing exceptional patient care, fostering groundbreaking research, and educating the next generation of healthcare professionals. We are seeking a highly motivated and detail-oriented Financial Analyst to join our team at Ruby Memorial Hospital in Morgantown, West Virginia. This role offers an exciting opportunity to contribute to the financial health of a leading healthcare organization and advance your career in a dynamic and supportive environment.

Role Overview

As a Financial Analyst, you will play a crucial role in supporting the operational efficiency of our department by coordinating fiscal management activities, maintaining departmental statistics, and supporting administrative systems. Your responsibilities will encompass a wide range of financial tasks, including financial analysis, generating financial statements, preparing reports, conducting analyses and audits, managing general ledger functions, and maintaining our established databases.

This position requires a strong understanding of accounting principles, excellent analytical skills, and the ability to work both independently and as part of a team. You will be expected to contribute to process improvements, ensure compliance with internal controls, and assist in the preparation of budgets and audits. The ideal candidate will be a proactive problem-solver with a passion for accuracy and a commitment to continuous learning.

A Day in the Life of a Financial Analyst at WVU Medicine

Here’s a glimpse into what a typical day might look like:

• Morning: Start the day by reviewing financial reports and identifying any variances or discrepancies. Investigate the root causes of these variances and communicate findings to the appropriate supervisor or director.
• Mid-day: Process invoices for various departments, ensuring proper coding and routing. Complete daily miscellaneous receipts and cash deposits, applying them accurately to the accounting system.
• Afternoon: Administer the purchasing card expense reporting system, ensuring compliance with policies and procedures. Prepare and distribute monthly inventory and expense reports to relevant stakeholders.
• Throughout the day: Respond to inquiries from internal and external stakeholders regarding financial matters. Assist in the preparation of financial support documentation for budget and audit purposes.
• End of day: Participate in team meetings to discuss ongoing projects and identify opportunities for process improvement. Dedicate time to professional development activities to enhance your skills and knowledge.

Why Morgantown, West Virginia?

Morgantown is a vibrant college town nestled in the scenic hills of West Virginia. Home to West Virginia University, Morgantown offers a unique blend of small-town charm and big-city amenities. The city boasts a thriving arts and culture scene, diverse dining options, and a wide range of outdoor recreational activities.

Living in Morgantown provides access to excellent schools, affordable housing, and a strong sense of community. The city is conveniently located within driving distance of major metropolitan areas such as Pittsburgh, PA and Washington, D.C., making it easy to enjoy weekend getaways. Morgantown also offers a lower cost of living compared to many other cities, allowing you to stretch your dollar further.

Career Path for Financial Analysts at WVU Medicine

WVU Medicine is committed to providing its employees with opportunities for career growth and advancement. As a Financial Analyst, you can progress along a well-defined career path, taking on increasing levels of responsibility and expanding your skill set. Potential career advancements may include:

• Senior Financial Analyst: Lead complex financial analysis projects, mentor junior analysts, and contribute to strategic decision-making.
• Financial Manager: Oversee a team of financial analysts, manage budgets, and ensure compliance with financial regulations.
• Controller: Direct the accounting operations of a department or division, develop and implement financial policies, and manage financial reporting.
• Director of Finance: Provide strategic financial leadership, oversee all financial activities, and advise senior management on financial matters.

WVU Medicine also offers a variety of training and development programs to help you acquire the skills and knowledge needed to advance your career. We encourage our employees to pursue professional certifications and participate in continuing education opportunities.

Salary and Benefits

The salary range for a Financial Analyst at WVU Medicine is typically between $55,000 and $85,000 per year, depending on experience, education, and qualifications. WVU Medicine also offers a comprehensive benefits package, including:

• Comprehensive health insurance (medical, dental, vision)
• Prescription drug coverage
• Paid time off (PTO) for vacation, sick leave, and holidays
• Employee assistance program (EAP)
• Flexible spending accounts (FSAs)
• Health savings accounts (HSAs)
• Life insurance
• Disability insurance (short-term and long-term)
• Retirement savings plan (401(k) or similar) with employer match
• Tuition reimbursement or assistance
• Professional development opportunities
• Wellness programs
• Employee discounts

WVU Medicine Culture

WVU Medicine is committed to creating a culture of respect, teamwork, and excellence. We value our employees and strive to provide a supportive and rewarding work environment. Our core values include:

• Patient-centered care: We put the needs of our patients first.
• Integrity: We act with honesty and transparency.
• Respect: We treat each other with dignity and respect.
• Collaboration: We work together to achieve common goals.
• Innovation: We embrace new ideas and technologies.
• Excellence: We strive for the highest standards of quality.

WVU Medicine is an equal opportunity employer and is committed to diversity and inclusion. We encourage applications from all qualified individuals, regardless of race, ethnicity, gender, sexual orientation, religion, or disability.

How to Apply

To apply for the Financial Analyst position at WVU Medicine, please click the "Apply" button located at the top of this page. You will be directed to our online application portal, where you can submit your resume and cover letter. Please ensure that your application is complete and accurate.

We appreciate your interest in WVU Medicine and look forward to reviewing your application.

Frequently Asked Questions (FAQ)

1. What are the minimum qualifications for this position?

   The minimum qualifications are a Bachelor's degree in Accounting or Finance OR a High School Diploma or Equivalent AND three (3) years’ experience in accounting, payroll, or accounts payable system.

2. What are the preferred qualifications?

   A Bachelor's degree in Accounting or Finance and three (3) years’ experience in accounting, purchasing, or related systems are preferred.

3. What are the key responsibilities of a Financial Analyst?

   Key responsibilities include financial analysis, reporting, budgeting, forecasting, and ensuring compliance with internal controls.

4. What skills are essential for success in this role?

   Essential skills include strong analytical skills, excellent communication skills, and proficiency in Microsoft Excel and other financial software.

5. What opportunities are there for career advancement?

   Opportunities for career advancement include Senior Financial Analyst, Financial Manager, Controller, and Director of Finance.

6. What is the salary range for this position?

   The salary range is typically between $55,000 and $85,000 per year, depending on experience and qualifications.

7. What benefits does WVU Medicine offer?

   WVU Medicine offers a comprehensive benefits package, including health insurance, paid time off, retirement savings plan, and tuition reimbursement.

8. What is the culture like at WVU Medicine?

   WVU Medicine is committed to creating a culture of respect, teamwork, and excellence.

9. How do I apply for this position?

   Click the "Apply" button located at the top of this page to submit your resume and cover letter.

10. Is WVU Medicine an equal opportunity employer?

    Yes, WVU Medicine is an equal opportunity employer and is committed to diversity and inclusion.