The Senior Business Analyst will be integrated as part of the Operational Excellence team providing analysis of financial and healthcare operational data to support identification of opportunities to enable Southlake's strategic priorities. are part of a team of accounting professionals providing financial and statistical information, analysis, and strategic problem solving. The role supports Operational Excellence and Finance and is critical in driving operational efficiencies across the organization.
Responsibilities
Liaise with all relevant stakeholders to ensure timely, accurate financial and statistical reporting and adherence to monthly/quarterly and year-end timetables
Perform analyses of financial and statistical data (e.g., workload) relative to the budget and prepare reports and/or commentary highlighting findings
Assist with process re-engineering, designing and implementing new clinical operational processes stemming from improvement initiatives
Develop customized reports and visually impactful presentations for various stakeholders, including regular reporting on clinical and non-clinical performance metrics
Apply Generally Accepted Accounting Principles (GAAP)/Public Sector Accounting Standards and Management of Information Systems (MIS) standards/OHRS to recommend appropriate accounting entries for the accurate recording of monthly financial results
Conduct short-term and long-term financial and operations planning and modelling for clinical and non-clinical programs.
Regularly review monthly analysis of budget, utilization variances (e.g. financial results to the Board of Directors) and provide strategic advisory to operational leaders to inform new improvement initiatives.
Influence Portfolio management to determine priorities for new programs, ventures, projects and investments
Optimize revenue streams and enable growth while ensuring appropriate financial management and controls
Investigate variances to facilitate the attainment of a clear understanding of business activities and develop trend analysis to support conclusions, including benchmarking analysis
Assist and educate Directors/Managers in understanding financial reports/ concepts
Strategic problem solving for both clinical and non-clinical programs throughout the organization
Perform financial and operational analysis to support budgeting, forecasting, variance analysis, benchmarking, and business case development across the organization.
Analyze and synthesize complex financial, statistical, and utilization information into clear, actionable insights and recommendations for clinical, operational, and executive stakeholders.
Work closely with leaders across the organization to identify opportunities for operational improvement, support financial sustainability, and inform strategic and operational decision-making.
Support the development and monitoring of initiatives that improve operational performance and contribute to financial sustainability.
Work with programs to develop annual operating plans and budgets (including identification of opportunities to improve financial performance and efficiencies)
Coordinate, plan and submit timely Ministry of Health and Long Term Care reports such as HAPs, CAPs, SRI and other ad-hoc Ministry and OH submissions
What you bring:
University degree in accounting, economics, business administration or equivalent
Minimum 5 years financial/clinical analysis experience, including reporting, budgeting, variance analysis and business case development for a healthcare organization, hospital or Ministry of Health experience is preferred.
Knowledge and experience of Health System Funding Reform (HSFR), such as Health-Based Allocation Model (HBAM)I, Quality-Based Procedures (QBP) and Patient-Based Funding
Self-directed, action-oriented and highly motivated, an adept team player
Proven ability to interpret, summarize and communicate complex financial and statistical data to stakeholders throughout the organization
Experience using multiple data sources (financial, statistical, case costing, CIHI databases, Ministry data etc) to develop and prepare complex analysis
Able to influence clinical an
Benefits
Health insuranceDental insurance
Additional Information
Job Category: Professional
Hospital Location: Newmarket ON
Job Type: Permanent, Full time
Number of Positions: 1
Minimum - Maximum Hourly Rate: $57.51 - $68.36
Why Join Our Team?
A people-first workplace environment that prioritizes belonging, wellness, and psychological safety.
Hybrid, virtual, and in-person working environment (where applicable).
Progressive health and dental benefit plans.
HOOPP pension plan with employer and employee premium sharing.
Enhanced wellness initiatives, including virtual fitness classes and on-site gym memberships.
If you are ready to embrace this exciting challenge and contribute to the success of Southlake Health, we encourage you to apply and be part of our dedicated team, making a difference in the lives of our employees and the community we serve!
Southlake · Newmarket On