| The Pharmacy Services Department is seeking an experienced business professional to support the Pharmacy Department. This position reports to the Finance Manager of Pharmacy Administration. This position will be instrumental in developing processes, maintaining financial reporting, and creating controls around a growing field in Pharmacy and Finance. - Monthly variance analysis of budget to actual financial results
- Month-End Journal Entry responsibilities
- Update and create monthly financial reports, including graphs, charts, and other ad hoc reports etc.
- Create annual budget for High-Cost Pharmacy areas and Research Pharmacy
- Monitor activity in the High-Cost drug arena, develop and maintain reports as needed
- Tracking of all patients in the queue by high-cost drug
- Interact with CDAs, Segment Leadership, or designated department leads to develop processes and stay up to date on patient population and new drugs on the horizon
- This position will serve as a member of Pharmacy?s High-Cost Drug Committee which reports to Michigan Medicine P&T Committee
- Create workflows tailored to each High-Cost drug and/or administrative area. These workflows will ensure appropriate controls to monitor financial activity and mitigate losses
- Communicate activity and financial statuses to appropriate areas throughout Michigan Medicine & Pharmacy Leadership
- Scheduled and ad hoc reports for drug level analysis of medication purchases
- Create purchase orders when appropriate and monitor by patient accounts payable
- Lead the capital process for Pharmacy Department
- Recharge Rate analysis for the Research Pharmacy Team
- Backup support for other Financial Analysts in department that support various Pharmacy areas
- Other analysis and duties as assigned by the Finance Manager and/or the Financial Director for the Pharmacy Department
Additional Skills & Abilities - Ability to communicate clearly, both verbal and written, to internal and external constituents and apply a high degree of analytical, interpretive and evaluative skills dealing with complex concepts, projects, etc.
- Solid knowledge, understanding, and experience in business, finance or accounting
- Must be self-motivated with an ability to work well with teams
- Must have effective organizational skills and flexibility to meet deadlines
- Strong problem solving abilities, attention to detail, and ability to multitask
- Experience with analyzing and reporting data to identify issues, trends, or exceptions to drive improvement of results and find solutions
- Strong presentation, analytical techniques, and computer skills, including proficiency with MS Office
- Bachelor's degree in a related field
- Intermediate: 2-5 years of experience in finance, accounting, audit and/or compliance, preferably in a University or Health Care environment
- Senior: 5-8 years of experience in finance, accounting, audit and/or compliance, preferably in a University or Health Care environment
- Experience with spreadsheet applications and analyzing and reporting data to identify issues, trends, or exceptions to drive improvement of results and find solutions
- Business, Accounting or Finance degree is preferred
- Experience working within Pharmacy is desirable, but not required
- Experience with Mpathways, Hyperion, Finance BI, and Business Objects financial software systems
This position may be filled at a lower level, depending on the candidate's job qualifications. University of Michigan Health System conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act. The University of Michigan Health System improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society. Job openings are posted for a minimum of seven calendar days. This job may be removed from posting boards and filled any time after the minimum posting period has ended. The University of Michigan is an equal opportunity/affirmative action employer. |
