Information Technology Financial Analyst, Remote

Company Description

The University of Maryland Medical System (UMMS) serves more than one million patients and families every year. More than 29,000 employees and 4,600 providers work at UMMS. Each and every one of these individuals – from the patients we care for, the family members we reassure to our colleagues that we champion – represent the amazingly vibrant communities we serve. And we continue to seek out qualified candidates who reflect the values, backgrounds and stories of our neighbors and patients. We want to hear your voice, learn from your experiences, and be shaped by your insight as part of our workforce. After all, when we come together from different walks of life, we become stronger, better, and more empathetic.

General Summary

Under general supervision, responsible for overseeing the payment life cycle of Information Services and Technology invoices from requisition through to invoice processing. Analyzes reports and interprets financial and statistical information to assist management regarding budgeting decisions.

Principal Responsibilities and Tasks

The following statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all job duties performed by personnel so classified.

• Develops and maintains detailed spreadsheets tracking budgeted and non budgeted items, updates spreadsheets. Provides spreadsheet to leadership regarding budget projections and budget planning for future fiscal years.
• Makes recommendations for improving the internal requisition to payment process and record keeping.
• Monitors and investigates transactions. Reviews and verifies transactions to confirm authorization, conformity with the capital or operating budget, compliance with expenditure management policy, and the adequacy of coding to support accounting systems and management reports in accordance with departmental procedures.
• Assists with Operations Budget ($100 +Million) and Capital Planning Projects (over multiple years with different accounting systems and different life cycles) as they relate to the payment process. Works with Project Manager, Vendors and Accounts Payable to ensure purchase orders are paid and invoices are paid.
• Works with Corporate Contracting, Purchasing and Accounts Payable departments to improve processes and track payments, provides recommendations.
• Provides on-going training and guidance to all departmental leadership on the vendor process, provides group and one-to-one training sessions on processes.
• Communicates with various departments in order to resolve various budget-related financial problems and procedures. Reviews with cost center managers, on a routine basis, the financial reports for their areas. Assists managers in understanding variances from budget and assists in documenting new issues that impact the current and future budget development.
• Ensures corporate and departmental procedures regarding the life-cycle payment process are being applied by all departments. Offers suggestions for procedure improvements, clarifies missing information, and ensures contracts are in place prior to reimbursements being made.
• Reviews purchasing contracts for consulting, applications and hardware, with internal and external vendors to resolve discrepancies and errors in budget analysis. Interprets contracts, reviews renewal dates, compares invoices against contracts to ensure vendors do not violate terms of the contract.

10. Creates spreadsheet templates to assists project managers, with tracking fiscal responsibilities.

11. Maintains and updates guidebook on IT payment process – and updates per process changes

12. Provides budgetary information on education and travel. Modifies and maintains spreadsheets, Keeps track of cost center expenditures. Educates managers on how to plan and keep track of their budget.

Qualifications

Education and Experience

1. Bachelor’s degree in Finance, Accounting or a related field or equivalent experience is required. MBA, CPA or Master’s degree in Finance preferred.

2. Two years of financial planning, analysis, budgeting or accounting experience is required.

3. Healthcare-related finance background is preferred.

Knowledge, Skills and Abilities

1. Ability to judge the level of confidentiality of information / activities involved in and exhibit integrity in use of dissemination of such information.

2. Demonstrated knowledge of spreadsheets (i.e. Microsoft Excel), word processing programs (i.e., Microsoft Word), graphic/specialty and other finance-related software programs.

3. Highly effective verbal and written communication skills are necessary in dealing with a variety of healthcare and finance professionals including senior management staff.

4. Proficient organization and problem-solving skills are required to develop/implement efficient work processes.

5. Ability to work effectively in a stressful work environment.

Additional Information

All your information will be kept confidential according to EEO guidelines.