Senior Financial Analyst

📋 Description

• • As a Senior Financial Analyst at R1 RCM Inc., you will play a pivotal role within the Product & Engineering (P&E) Finance team, reporting directly to the Finance Manager. This position is crucial for partnering with leaders across Engineering, Product, and Data organizations to ensure strategic investment decisions, accurate financial forecasting, diligent budget execution, and robust labor cost governance. Your expertise will be instrumental in maintaining a disciplined approach to financial planning and analysis within a dynamic technology-driven healthcare solutions company.
• • You will be the primary owner of recurring financial planning and reporting processes. This includes driving the annual budget cycle, managing rolling forecasts, overseeing headcount governance, providing essential support for the month-end close process, crafting compelling variance narratives, and managing labor capitalization processes. A key aspect of this role involves ensuring compliance with time-entry policies and internal control requirements.
• • A significant part of your responsibility will involve close collaboration with cross-functional leaders and various finance stakeholders. This partnership is essential for ensuring the accuracy of financial reporting, supporting informed and disciplined investment decisions, and executing operational finance strategies effectively.
• • You will lead the annual budget and reforecast activities from initiation to completion. This encompasses developing and distributing budget templates, diligently following up with stakeholders to gather necessary information, managing the upload of budget data into financial planning tools like Adaptive, conducting detailed budget walks to ensure accuracy and completeness, and ultimately preparing the budget for final submission.
• • A core function will be translating workforce and other budget-related changes into clear, concise financial impacts. This analysis will directly support the creation of insightful variance explanations and budget walk narratives, enabling leadership to understand the drivers of financial performance.
• • You will be responsible for maintaining and updating business case models that are critical for leadership decision-making. This involves ensuring that headcount projections and other key financial assumptions are consistently aligned across all source files and planning tools, providing a single source of truth for strategic planning.
• • Maintaining weekly headcount tracking is a critical task, ensuring accuracy across multiple data sources such as Workday rosters, Adaptive planning data, internal headcount master files, new hire reports, and requisition reports. You will perform regular reconciliations between planning views and operational rosters to identify and resolve discrepancies.
• • You will meticulously track and manage updates related to new hires, terminations, and backfills within the planning files. This includes ensuring proper mapping to associated requisitions and flagging any changes intended for future system updates, thereby maintaining data integrity.
• • Support for the month-end close process is a key responsibility. This involves reviewing preliminary financial results, tracking outstanding items such as accruals, labor capitalization entries, vendor/contractor expenses, payroll adjustments, and invoice reclassifications. You will partner closely with business stakeholders to investigate and resolve variances, ensuring the timely finalization of financial reports.
• • You will manage dedicated trackers for EDI cost accruals and provide essential accounting support to ensure correct invoice allocation, contributing to accurate financial reporting.
• • Prepare comprehensive monthly financial review slide decks. These decks will include detailed commentary explaining variances, identifying key financial drivers, and providing insights to support leadership review discussions and strategic decision-making.
• • You will own the weekly tracking and reporting of labor capital expenditures (CAPEX) against the budget. This includes driving compliance with time-entry policies and ensuring timely manager approvals through proactive communication, reminders, and defined timelines.
• • Track contractor and vendor spend meticulously. You will support invoice reviews, ensure the correct classification of expenses as CAPEX or OPEX, and manage quarterly vendor CAPEX entries in close collaboration with the Accounting department and relevant business owners.
• • Provide ad-hoc support to the Finance Manager for various leadership requests, including the development of new business cases and financial analyses, contributing to strategic initiatives.
• • This role offers an excellent opportunity for an individual who possesses a strong command of financial data, a proactive approach to process improvement, and a commitment to maintaining systematic workflows and best practices within a fast-paced environment.