Allocation Analyst Jobs in Miami, FL (NOW HIRING)

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The department of Medicine has an exciting opportunity for a full-time Financial Analyst 3 to work on the UHealth campus. The Financial Analyst 3 (H) examines financial status of the organization by collecting, monitoring, and studying data, and develops projections, reports, and presentations to assist senior managing staff in their financial decision-making process. Moreover, the incumbent establishes and enforces policies and procedures that further department's financial goals and objectives.

CORE JOB FUNCTIONS

• Develops, prepares and coordinates documentation of financial analysis projects such as budgets, forecasts, projections, expense performance, and presentations.
• Identifies trends and developments in competitive environments and makes recommendations to senior management.
• Provides analytical evaluation for forward-looking financial or business-related projects.
• Devises financial forecasting and reconciliation of accounts.
• Reviews reports and ensures that financial information has been recorded accurately.
• Compares results with plans and forecasts and makes recommendations for adjustments.
• Trains and oversees junior staff members to ensure accuracy and efficiency in end work product.
• Assists in the development and organization of department and project budgets.
• Designs and builds various models that summarize several different scenarios around growth and expansion initiatives or opportunities.
• Develops performance and productivity dashboards, models or analyses.
• Determines profitability and pricing on product offerings and develops performance indicators to enable the analysis of business segments and new product lines.
• Conducts research on different strategic initiatives.
• Acts as liaison to other departments, vendors, and other external parties to complete assignments.
• Adheres to University and unit-level policies and procedures and safeguards University assets.

Department Specific Functions

• Provide financial support for clinical divisions including Digestive Health, Rheumatology, and Nephrology.
• Review and analyze monthly financial statements, identify variances, and take corrective actions.

• Review and analyze monthly labor distribution reports, identify discrepancies in personnel allocations, collaborate with key stakeholders, and take corrective actions.
• Assist with developing and analyzing fiscal budget projections for the divisions supported by gathering historical financial data, forecasting revenues and expenses, collaborating with stakeholders, and preparing clear budget models and presentations to support strategic decision-making.
• Prepare and submit accrual templates, expense reports, and supporting documentation for year-end close activities.
• Manage divisional budget, ensuring expenses are within 5% of plan and maximizing revenue.
• Oversee monthly reconciliation of accounts, including IDC, Observership, and Gift and Endowment accounts.
• Prepare and submit manual journal entries, payroll adjustments, and cost allocations as needed.
• Complete the CART-O file's effort allocation section each month by systematically comparing the Labor Distribution Report with the Effort Distribution Report for each provider, identifying and documenting any variances, and providing explanatory comments to ensure accurate personnel effort tracking and compliance.
• Model financial projections using historical data (wRVUs, charges, collections, encounters) from previous faculty and export relevant data from Power BI and UHealth Encounters.
• Partner with division administrators and team members to prepare, finalize, and submit PSGC pro-forma documents for new hires and replacements, ensuring all financial and recruitment documentation is accurately uploaded and tracked for compliance.
• Utilize Power BI dashboards to monitor and analyze clinical revenue productivity at the provider level, tracking key financial metrics such as charges, payments, and work Relative Value Units (wRVUs).
• Collaborate with research teams to manage clinical trial revenue, expenses, and invoicing; regularly review and reconcile unallocated efforts on default accounts with team members to ensure accurate financial tracking, compliance with grant guidelines, and timely resolution of discrepancies.
• Coordinate with accounting, division administrators, and research teams to resolve financial issues.
• Prepare and share financial summaries, action items, and variance explanations with stakeholders.
• Participate in committee meetings, health check meetings, and ongoing process reviews.
• Attend relevant conferences and division/department meetings (e.g., SODA, Research Day).
• Complete mandatory compliance and professional development training (e.g., UHealth Compliance, Copilot Training).

This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as necessary.

CORE QUALIFICATIONS

• Bachelor's degree in relevant field
• Minimum 5 years of relevant experience

Knowledge, Skills and Attitudes:

• Skill in collecting, organizing, and analyzing data.
• Ability to recognize, analyze, and solve a variety of problems.
• Ability to exercise sound judgment in making critical decisions.

#Li-TF1

The University of Miami offers competitive salaries and a comprehensive benefits package including medical, dental, tuition remission and more.

UHealth-University of Miami Health System, South Florida's only university-based health system, provides leading-edge patient care powered by the ground breaking research and medical education at the Miller School of Medicine. As an academic medical center, we are proud to serve South Florida, Latin America and the Caribbean. Our physicians represent more than 100 specialties and sub-specialties, and have more than one million patient encounters each year. Our tradition of excellence has earned worldwide recognition for outstanding teaching, research and patient care. We're the challenge you've been looking for.

The University of Miami is an Equal Opportunity Employer - Females/Minorities/Protected Veterans/Individuals with Disabilities are encouraged to apply. Applicants and employees are protected from discrimination based on certain categories protected by Federal law. Click here for additional information.

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