Financial Decision Support Analyst at WVU Medicine: A Comprehensive Overview

Role Overview

The Financial Decision Support Analyst at WVU Medicine plays a crucial role in providing financial and statistical analyses that support organizational leaders in making informed decisions. This remote position involves compiling financial and statistical data from various sources and systems to create comprehensive financial reports. The analyst will work closely with executive leadership and management to present these reports as required, contributing to the overall financial health and strategic planning of the WVU Medicine system.

Day in the Life

A typical day for a Financial Decision Support Analyst might include:

• Developing and running routine financial reports on a daily, weekly, and monthly basis.
• Providing ad-hoc financial analysis and proforma support to assigned hospital executive and department leadership for Acute and Critical Access Hospitals.
• Preparing month-end statistics for assigned Acute and Critical Access Hospitals for upload to the GL system.
• Answering questions from leadership or management regarding the statistics.
• Preparing financial data and statistical reports for the forecasting process, providing scenario analysis based on various assumptions.
• Assisting in the budgeting process by preparing statistical and gross revenue reports and providing financial analysis to support budgetary decisions.
• Evaluating small capital or FTE investments by running base financials and creating future state projections.
• Serving as a subject matter expert on the stats and financials of assigned hospitals.
• Providing quarterly signature line financial reporting and analysis.
• Troubleshooting information systems issues within the decision support platform.
• Investigating systems like Strata, Epic Slicer Dicer, and Tableau to identify data relationships and optimize data usage.

Why Remote in West Virginia?

While the position is remote, being connected to West Virginia offers unique advantages:

• **Cost of Living:** West Virginia generally has a lower cost of living compared to many other states, allowing for a comfortable lifestyle.
• **Work-Life Balance:** Enjoy the tranquility and outdoor activities that West Virginia offers, promoting a healthy work-life balance.
• **Community:** Even in a remote role, being part of the WVU Medicine network means being connected to a supportive community of healthcare professionals.
• **Access to WVU Medicine Resources:** Stay connected to the resources and expertise of WVU Medicine, enhancing professional development.

Career Path

The Financial Decision Support Analyst role can lead to various career advancement opportunities within WVU Medicine, such as:

• **Senior Financial Analyst:** Taking on more complex projects and providing mentorship to junior analysts.
• **Financial Manager:** Overseeing financial operations for a specific department or hospital.
• **Decision Support Manager:** Leading a team of analysts and driving the strategic use of financial data.
• **Financial Director:** Directing financial planning and analysis across multiple facilities.
• **Executive Leadership:** Progressing to roles such as CFO or VP of Finance, influencing organizational strategy.

Salary & Benefits

The estimated salary range for this position is $65,000 - $95,000 annually. WVU Medicine offers a comprehensive benefits package, including:

• **Health Insurance:** Comprehensive medical, dental, and vision coverage.
• **Paid Time Off:** Generous PTO and paid holidays.
• **Retirement Plan:** 401(k) or similar retirement plan with employer matching.
• **Life Insurance:** Basic and supplemental life insurance options.
• **Disability Coverage:** Short-term and long-term disability insurance.
• **Flexible Spending Accounts:** FSAs for healthcare and dependent care expenses.
• **Employee Assistance Program:** Confidential counseling and support services.
• **Tuition Reimbursement:** Assistance for continuing education and professional development.
• **Wellness Programs:** Initiatives to promote employee health and well-being.

WVU Medicine Culture

WVU Medicine is committed to providing exceptional patient care and fostering a supportive and inclusive work environment. Key aspects of the culture include:

• **Teamwork:** Collaboration and mutual support among colleagues.
• **Innovation:** Encouraging new ideas and continuous improvement.
• **Integrity:** Upholding ethical standards and transparency.
• **Respect:** Valuing diversity and treating everyone with dignity.
• **Excellence:** Striving for the highest quality in all aspects of patient care and operations.

How to Apply

To apply for the Financial Decision Support Analyst position, please click the "Apply" button at the top of this page and complete the online application. Ensure you provide all required information and attach your resume and cover letter.

FAQ

1. **What qualifications are necessary for Financial Decision Support Analyst at WVU Medicine?** - A Bachelor’s degree in Business Administration, Accounting, Finance, Hospital Administration or a related field AND two years of financial analysis and reporting experience OR a Master's Degree in a related field.
2. **What is a typical day for Financial Decision Support Analyst?** - A typical day involves developing reports, providing financial analysis, preparing statistics, assisting in budgeting, evaluating investments, and troubleshooting system issues.
3. **What skills are most valuable in order to be a Financial Decision Support Analyst?** - Analytical, teamwork, communication, technical skills in SQL, Excel.
4. **What career advancement does WVU Medicine Provide?** - Career path include Senior Financial Analyst, Financial Manager, Decision Support Manager, Financial Director, Executive Leadership.
5. **What are the benefits of working at WVU Medicine?** - Benefits include health insurance, paid time off, retirement plans, life insurance, disability coverage, flexible spending accounts, employee assistance programs, and tuition reimbursement.
6. **What are the location benefits?** - The remote location offers flexibility, lower cost of living, and access to outdoor activities in West Virginia.
7. **What computer skills are needed for Financial Decision Support Analyst?** - Knowledge of Strata, Epic Slicer Dicer, and Tableau software are needed.
8. **Are there opportunities for professional development?** - Yes, WVU Medicine offers various professional development opportunities, including training programs and tuition reimbursement.
9. **Does WVU Medicine support a healthy work/life balance?** - Yes, WVU Medicine emphasizes work-life balance through flexible work arrangements and wellness programs.
10. **Does WVU Medicine offer remote career opportunities?** - Yes, remote career opportunities are available at WVU Medicine.