at American Medical Association in Chicago, Illinois, United States
Job Description
Financial Analyst II
Chicago, IL (Hybrid) The American Medical Association (AMA) is the nation’s largest professional Association of physicians and a non-profit organization. We are a unifying voice and powerful ally for America’s physicians, the patients they care for, and the promise of a healthier nation. To be part of the AMA is to be part of our Mission to promote the art and science of medicine and the betterment of public health. We continuously work to embed equity in our internal practices and are committed to increasing the diversity of our staff across all levels of the organization. We intentionally work to create the right conditions to enable our employees to feel that they can be their authentic selves and fully participate in the life of the enterprise. We encourage and support professional development for our employees, and we are dedicated to social responsibility. We invite you to learn more about us and we look forward to getting to know you. We have an opportunity at our corporate offices in Chicago for a Financial Analyst II on our Health Solutions team. This is a hybrid position reporting into our Chicago, IL office, requiring 2 days a week in the office. As a Financial Analyst II, you will be responsible for all aspects of the operational budgeting and revenue/ expense forecasting for Health Solutions (HS). Provides support to management via monthly reporting and ongoing financial analysis such as pricing, volume and profitability modeling, and ad-hoc analyses surrounding scalability of various Health Solution strategic growth scenarios. RESPONSIBILITIES: Financial Planning and Analysis+ Research, gather, classify, and analyze financial/statistical data contributing to the maintenance and preliminary development of models to support Health Solutions existing lines of business (CPT, DBL, P&D).
+ Complete reports for Health Solutions management, finance liaisons and business owners to understand variances to budget, forecast, or prior year trends. Interpret results of operations and forecast any necessary changes.
+ Develop appropriate financial assumptions to support forecasts and communicate them clearly to management; provide clarity on the balance of risk vs. opportunity for the project.
+ Act as secondary resource to conduct complex financial modeling, data driven analysis, and pricing.
Budget Planning & Monthly Analysis+ Serve as a liaison between HS and AMA Finance to manage annual budget, forecast, and monthly close processes. Provide support and coordination for the revenue, expense, and capital budgets and forecasts for Health Solutions.
+ Assist management in all aspects of annual planning process including setting internal timelines, gathering data, and reviewing variances. Evaluate budget and forecast assumptions to identify key variances and produce reports as required. Evaluate assumptions for reasonableness and consistency.
+ Assist in the achievement of an accurate and timely month end close; help prepare and analyze monthly financial reports, financial close, allocations, and accruals.
+ Meet with Health Solutions management to understand events affecting the overall business to provide insightful analysis of the monthly results for both revenue and expense. Maintain knowledge and stay abreast of developments in the business and their impact on other AMA product and revenue lines.
+ Serve as a primary resource within the Health Solutions team for all processing related to expense related items (POs, invoices, contractor agreements, etc.). Identify and track any problems with systems or processes that may impact the overall group; and work with stakeholders to implement improvements to the process.
May include other responsibilities as assigned REQUIREMENTS: 1. Bachelor’s degree in Finance, Accounting, or related field. 2. Minimum 3+ years of experience in a for-profit work environment, in financial planning and analysis. 3. Current knowledge of generally accepted accounting principles (GAAP), required. 4. P roven ability to multi-task, manage multiple projects and meet conflicting deadlines critical for success. Must be able to troubleshoot and identify potential solutions and quality improvements. 5. Understanding of financial systems and the ability to effectively leverage the systems in providing financial support; experience with Hyperion Essbase a plus. 6. Proficiency in Microsoft Office (Word, Excel, PowerPoint) required and experience working with large data sets for reporting and/or analysis 7. Ability to be discreet when working with sensitive information of a highly restricted nature; including, budgets, contracts and other internal records required. 8. Excellent communication and analytical skills; strong interpersonal skills to work effectively in a team environment, with all levels of management. 9. Ability to work extended hours to meet commitments and deadlines. The American Medical Association is located at 330 N. Wabash Avenue, Chicago, IL 60611 and is convenient to all public transportation in Chicago. We are an equal opportunity employer, committed to diversity in our workforce. All qualified applicants will receive consideration for employment. As an EOE/AA employer, the American Medical Association will not discriminate in its employment practices due to an applicant’s race, color, religion, sex, age, national origin, sexual orientation, gender identity and veteran or disability status. THE AMA IS COMMITTED TO IMPROVING THE HEALTH OF THE NATION