AlbuquerqueRecruiter Since 2001
the smart solution for Albuquerque jobs

Cost Strategy Analyst - Finance

Company: Presbyterian Healthcare Services
Location: Albuquerque
Posted on: January 26, 2023

Job Description:


We are hiring a Cost Strategy Analyst for our Finance Department!

Serves as key individual contributor in the Finance organization. Acts on behalf of the Manager of Cost Accounting in a variety of situations including (but not limited to) meetings where decisions are made, presentations to senior leadership and/or other organizations within PHS. Project manager for a variety of long and short-term projects. Problem solver for urgent needs impacting the organization as related to cost. Leads planning sessions for strategic and operational cost planning and implements outcome of plans. Interfaces with internal business units and external entities (i.e. vendors) to manage requirements gathering, develop labor standards, maintain work plan, coordinate activities in support of costing solution, reporting and analytics. Serves as expert resource and educator to staff and leadership in relation to cost accounting system operation and functionality, cost data design and interpretation, analytic results, business insights, documentation and process improvement. Facilitates discussions and provides recommendations regarding proper development and use of cost data. Designs, develops and deploys new methodologies and algorithms, advanced configuration, testing/quality review and maintenance for production application. Creative problem identification, conceptual and contingency thinking skills. Function as a key contributor for tasks or projects while managing multiple tasks and meeting established deadlines. Deal with highly confidential information, both patient-level and employee-level. Interface with all levels of the organization including many VPs. Collaborate and achieve actionable results through others while building strong, sustainable relationships.

Type of Opportunity: Full Time
FTE: 1.000000
Exempt: Yes
Work Schedule: Weekday Schedule Monday-Friday

Remote Eligible

Bachelors degree in finance, accounting or relevant field required.
Eight or more years of cost accounting experience in a health care delivery organization.
Six or more years experience to include configuration, maintenance, modeling and analytics within a leading healthcare cost accounting system (e.g. EPSi, Oracle, TSI, Strata, Siemens, Avega, Cost Plus, Axiom, MedAssets).
Competent with business intelligence analytical tools (e.g. Business Objects, SAS, relational databases). Analytical experience in cost planning, cost strategy, cost development, operations, and/or finance.
Strong business acumen and technical knowledge.
Combination of technical, financial, and business knowledge and experience.
Intermediate to expert MS Office skills with emphasis on Excel, Access and PowerPoint. Excellent written and oral communication and presentation skills.

Bachelor Degree


Project Management: Lead a variety of projects and organizational undertakings related to strategic costing objectives. Organize, schedule, plan and manage project-related team activities. Create, monitor and manage project timelines and validation efforts. Create presentations for senior level meetings and briefings. Develop agendas and content and manage the meetings and internal communications for various meetings. Manage evolving requirements and course-correct as needed to achieve objectives. Utilize influence skills to achieve project objectives and support from peers, department heads and senior leaders. Concurrently manage multiple projects, work within tight deadlines and changing priorities, and use project management and other professional software tools. May act on behalf of the Manager of Cost Accounting in a decision making capacity on projects and in cost strategy sessions.

Strategy: Analyze business challenges/problems requiring strategic cost planning effort for new and changing opportunities. Demonstrate expert analytical/problem solving skills and in-depth understanding of the business and systems to identify and develop innovative strategic cost initiatives, and to remediate and resolve complex design issues and problems within the application. Provide and coordinate analytics for strategic costing initiatives identified by the VP of Finance and other stakeholders. Participate in cost strategy sessions and vet ideas of the strategy team and stakeholders. Facilitate discussions and provide recommendations regarding proper development and use of cost data. Design, develop and deploy new methodologies and algorithms to calculate patient level costs in response to changing and future business requirements. Perform data research, analysis, prepare reports to communicate impact/results, and support development of costing solution. Perform advanced configuration, testing/quality review and maintenance for production application.

Analytics: Participate in the design and development of financial reports and dashboards. Demonstrate sound analytical problem solving, investigative and research ability as evidenced by experience in the identification, documentation and communication of issues, requirements, opportunities, and solutions to costing problems. Conduct complex data analyses and projections pertaining to ongoing performance of a department, service line, provider or procedure. Provide analyses and data models for cost development. Analyze complex data and present key trends in a compelling and easy to understand fashion. Prepare reports and craft consistent messaging for dissemination of cost, operational or financial information. Validate reports/analysis to ensure accuracy via comparison to internal and external benchmarks and use of peer review as appropriate. Interpret analyses and prepare written and visual presentation materials to effectively communicate to stakeholders. Produce executive level PowerPoint presentations for key meetings. Edit, streamline and enhance presentations prior to distribution. Present observations/insights that identify the impact to internal and external stakeholders, provide recommendations for potential solutions to both common and new and unfamiliar challenges. Convey complex technical concepts to translate complex data into simple, written and graphical presentations and communicate technical issues and solutions in business terms.

Technology: Proficient in at least one of the leading cost accounting software applications (e.g. EPSi, Oracle, TSI, Siemens, Strata, Avega, Cost Plus, Axiom, MedAssets) for cost calculation, modeling for payor adjudication, cost and product line analysis, development of relative value units (RVUs) and exporting data. Competent in at least one of the leading enterprise resource planning (ERP) systems (e.g. Infor, Oracle, McKesson, Meditech, SAP, Evident, Harris ERP, Healthland, Intacct) for research/remediation of source data anomalies, GL & payroll extract validation, analytics and exporting data. Competent in at least one of the leading hospital electronic medical record (EMR) systems (Epic, Meditech, Siemens, Cerner, McKesson, Healthland, Allscripts, NextGen Healthcare, CPSI) for research/remediation of source data anomalies. Demonstrate knowledge of business intelligence tools (Business Objects, SAS, relational databases). Experience in utilizing database tools for research and analyses and for building database models. Perform complex modeling to compile/analyze stakeholder provided RVUs for accuracy and viability. Demonstrate ability to research and remediate complex issues related to methodology/algorithm changes, configuration and/or source data anomalies. Demonstrate strong knowledge and understanding of the structural and configuration relationships between the source systems, application, modules, etc. Strong computer software skills are essential including MS Office applications; advanced Excel.

Work independently to provide technical, business analysis, and team leadership in configuring and sustaining production application. Implement changes using documented procedures that are compliant with departmental policies and procedures. Analyze new functionality in new releases to identify impact. Ensure all quality assurance processes are followed, including change management and testing efforts. Devise or modify procedures to solve complex problems considering computer equipment or application capacity and limitations, operating time, and desired results. Includes analysis of business/user needs, documentation of requirements, and translation into proper system requirement specifications. Maintain complete documentation to ensure that processes and results are accurate, repeatable, and reproducible. Document costing definitions, methodologies and algorithms for data governance. Act as a data steward maintaining and ensuring data integrity of cost accounting and support systems. Perform audits, evaluations, and reviews on source data and statistical utilization variances between source systems and cost accounting system. Ensure accuracy and completeness of cost accounting process through daily management of edits, system variances, audits, supporting reports, new source data, development and deployment of new methodologies and algorithms, advanced configuration, testing/quality review and maintenance for production application.

Alliance Management: Meet with business leaders, business units and other stakeholders to provide education and guidance in the development of cost standards and business requirements. Work with representatives from external hospitals to benchmark and gather data to find ways to improve costing and to decrease costs. Serve as a liaison with internal business units and external entities to support costing, reporting and analytic efforts . click apply for full job details

Keywords: Presbyterian Healthcare Services, Albuquerque , Cost Strategy Analyst - Finance, Professions , Albuquerque, New Mexico

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category

Log In or Create An Account

Get the latest New Mexico jobs by following @recnetNM on Twitter!

Albuquerque RSS job feeds