UNIV - Financial Analyst - Department of Medicine: Division of Hospital Medicine - MUSC
Charleston, SC
About the Job
Job Description Summary
The Financial Analyst in the Department of Medicine will play a critical role in providing financial analysis, reporting, and strategic support to ensure the efficient operation of assigned divisions. This position will collaborate closely with department and divisional leadership, faculty, and administrative staff to optimize financial performance, manage budgets, and support decision-making processes.Entity
Medical University of South Carolina (MUSC - Univ)Worker Type
EmployeeWorker Sub-Type
ClassifiedCost Center
CC000971 COM DOM Hospital Medicine CCPay Rate Type
SalaryPay Grade
University-06
Pay Range
Scheduled Weekly Hours
40Work Shift
Job Description
Job Duties:
30% - Financial Analysis and Reporting:
Conduct in-depth financial analysis to assess assigned division's financial performance, identify trends, and forecast future financial outcomes.
Prepare regular financial reports, including budget variance analysis, revenue projections, and expenditure tracking, to support decision-making by division leadership and faculty.
Assist in the development of financial models and scenarios to evaluate the financial impact of various initiatives, projects, and strategic plans.
25% - Budget Management:
Work closely with the leadership of assigned divisions to develop, monitor, and manage annual operating budgets, ensuring alignment with strategic priorities and resource allocation.
Provide guidance and support to division administrators and faculty regarding budgetary matters, including expense tracking, budget reallocations, and cost-saving opportunities.
Monitor budget performance regularly and provide recommendations for corrective actions as needed to ensure budgetary compliance and financial sustainability.
Monitor billing and collections of all external contracts.
Completes and coordinates financial reports including: quarterly effort/activity reports, quarterly PI reports, and monthly budget-to-actual reports.
Oversees the personnel effort and funding for faculty, staff, research grant staff, post docs, and temporary employees in assigned Divisions.
25% - Grants and Contracts Management:
Collaborate with research administration pre-award and clinical trial staff to facilitate the financial management of grants, contracts, and other sponsored projects within assigned divisions.
Assist faculty members in preparing grant budgets, financial reports, and compliance documentation in accordance with sponsor requirements and university policies.
Ensure timely invoicing, financial reporting, and reconciliation of grant expenditures to maximize funding utilization and maintain grant compliance.
20% - Financial Planning and Strategy:
Support division leadership in long-term financial planning, including revenue forecasting, expense projections, and resource allocation strategies to support divisional growth and sustainability.
Participate in strategic planning initiatives, providing financial insights and analysis to inform decision-making and resource allocation priorities.
Collaborates with the Division Administrator’s to identify opportunities for process improvements and efficiency enhancements in financial operations, systems, and procedures within the divisions.
Preferred Experience, Knowledge, and Skills:
Proficiency in Microsoft Excel; experience with enterprise financial systems (e.g., WorkDay and Axiom) is a plus.
Strong analytical skills with the ability to interpret complex financial data, identify trends, and develop actionable insights.
Excellent communication and interpersonal skills, with the ability to collaborate effectively with diverse stakeholders and communicate financial information clearly and concisely.
Demonstrated ability to prioritize tasks, meet deadlines, and work independently in a fast-paced environment.
Additional Job Description
Minimum Requirements: A bachelor’s degree and four years professional experience in a related area such as accounting, auditing, finance or commercial lending. A job-related bachelor’s degree with multiple accounting courses may be substituted for two years of the required work experience.
Physical Requirements: (Note: The following descriptions are applicable to this section: Continuous - 6-8 hours per shift; Frequent - 2-6 hours per shift; Infrequent - 0-2 hours per shift) Ability to perform job functions in an upright position. (Frequent) Ability to perform job functions in a seated position. (Frequent) Ability to perform job functions while walking/mobile. (Frequent) Ability to work indoors. (Continuous) Ability to work in confined/cramped spaces. (Infrequent) Ability to bend at the waist. (Infrequent) Ability to squat and perform job functions. (Infrequent) Ability to fully use both hands/arms. (Continuous) Ability to perform repetitive motions with hands/wrists/elbows and shoulders. (Frequent) Ability to reach in all directions. (Frequent) Possess good finger dexterity. (Continuous) Ability to maintain tactile sensory functions. (Continuous) Ability to lift and carry up to 15 lbs., unassisted. (Infrequent) Ability to lift objects, up to 15 lbs., from floor level to height of 36 inches, unassisted. (Infrequent) Ability to lower objects, up to 15 lbs., from height of 36 inches to floor level, unassisted. (Infrequent) Ability to push/pull objects, up to 15 lbs., unassisted. (Infrequent) Ability to maintain 20/40 vision, corrected. (Continuous) Ability to see and recognize objects close at hand. (Continuous) Ability to see and recognize objects at a distance. (Continuous) Ability to match or discriminate between colors. (Continuous) Ability to determine distance/relationship between objects; depth perception. (Continuous) Good peripheral vision capabilities. (Continuous) Ability to hear and/or understand conversations. (Continuous) Ability to perform gross motor functions with frequent fine motor movements. (Continuous)
Additional New Requirements: Computer literacy.
If you like working with energetic enthusiastic individuals, you will enjoy your career with us!
The Medical University of South Carolina is an Equal Opportunity Employer. MUSC does not discriminate on the basis of race, color, religion or belief, age, sex, national origin, gender identity, sexual orientation, disability, protected veteran status, family or parental status, or any other status protected by state laws and/or federal regulations. All qualified applicants are encouraged to apply and will receive consideration for employment based upon applicable qualifications, merit and business need.
Medical University of South Carolina participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here: http://www.uscis.gov/e-verify/employees
