WINTER 2022 CO-OP: Financial Analyst – NS Health
Job Title: Financial Analytics Student – Analytics Team Co-op (Exclusion/Non Union)
Dept ID: Finance, Corporate Services
Nova Scotia Health is the largest employer in Nova Scotia. We are over 23,000 employees and over 7000 volunteers who provide health services in hospitals, health centers and community-based programs throughout Nova Scotia.
Nova Scotia Health provides sustainable safe and high quality health services that are accessible, people-centered, promote health and wellness and optimizes the health of all Nova Scotians. This is accomplished across four management zones which are responsible for the operation of acute care health centers and the provision of a variety of inpatient and community-based programs and services including cancer care, mental health and addictions, primary health, public health and continuing care. A streamlined health system can provide many opportunities to put resources where most effective to meet population needs, build a system that focuses on people and patients, ensure a provincial approach to planning and integration of services, and reduce duplication.
This year will be marked by significant change as Nova Scotia Health transforms its clinical and corporate services, and oversees on-going organizational structural redesign to ensure a provincial and zonal approach to the delivery and management of quality, sustainable health care services to meet the needs of Nova Scotians.
The financial analyst student is an important part of the financial analytics team and finance portfolio, providing assistance in ensuring all processes and system technology is efficient and working to support stakeholders, customers, vendors, and employees. The financial analyst student will develop relationships across NS Health with Clinical & Administrative Managers and Directors to support financial, payroll, budget and cost decisions.
Reporting to the Manager – Financial Analytics, the Financial Analyst student is responsible for providing analytical support to corporate activities serviced by the finance portfolio, and support to NS Health leaders (Directors, Managers, Physician Leaders, etc….).
This position will be assigned accountability for day-to-day analytical work and strategic initiatives (projects, process work, focus groups, committees, etc….) The financial analyst student is responsible for carrying out assigned functions within the Finance Program. Under the program management model, the financial analyst student will exhibit sound professional judgment and initiative while working within the framework of the objectives of the department and the organization as a whole.
- Reviews and analyzes monthly and quarterly results and works with zone management to identify any potential financial issues/risks through trend analysis and questioning of key forecast assumptions. Reconciles reviews and verifies key transactional activities to ensure processes are efficient.
- Consults and advises clients on all aspects of managing budgets. This includes assisting with, identifying and researching issues, as well as providing options and recommending solutions.
- Championing and following sound financial management through accurate processing, reconciliation, monitoring and reporting.
- Reviews and analyze key corporate practice/process, i.e. budget, forecast, reporting, and transactions; to ensure variations are noted, addressed and explained; and key opportunities are identified for process improvement.
- Performs special projects as required including trend analysis, costing studies, benefit analysis, statistical comparisons, audits, etc
- Provides financial education for clients through delivery of regular workshops, group and individual training sessions
- Builds and cultivates strong working relationships within finance portfolio at the management and leadership levels.
- Analyzes and challenges zone decisions and business cases with an objective perspective to ensure that plans are achievable, risks are understood, planning and data is accurate, and that decision-making is well-informed
- Contributes to the overall effectiveness of NS Health through involvement or leadership in committees and task forces.
- Develops working relationship with transactional staff, in coordination with analytical responsibilities. Communicates and discusses Nova Scotia Health guidelines and procedures with transactional staff to ensure responsibilities, authorities and accountabilities are defined and understood.
- Duties will include (but are not limited to):
- account reconciliations
- variance analysis and forecasting
- journal entry preparation as required
- assists with:
- the preparations of business cases,
- calculations of key performance indicators,
- research on best practice,
- development of templates
The Individual is expected to:
- Be enrolled in a recognized post-secondary business and/or accounting co-op program
- Possesses a solid understanding of the finance processes and key performance indicators
- Excellent collaboration, verbal and written communication skills
- Strong analytical, problem solving and conceptual thinking skills
- Ability to prioritize workload, meet deadlines, and work effectively under pressure with a high level of accuracy and attention to detail
- Demonstrate an ability and a willingness to learn new systems/processes, and work effectively within these parameters
- Strong interpersonal skills and demonstrated ability to establish and build strong working relationships with existing team and diverseinternal and external stakeholders
- Adhere to confidentially policies on all matters pertaining to patients and staff within Nova Scotia Health.
- Have a good working knowledge of accounting and generally accepted accounting procedures.
- Have a good working knowledge of MS Office software including Excel, Word and Access.
- Maintain and promote good working relationships and communications within the organization as a whole and with outside contacts.
- Promote the mission of quality health care by performing any other tasks and duties that may be assigned or required.
Hours of Work
Regular full-time position; 75 hours biweekly
This position will be located in the NS Health office located in Halifax.
Due to COVID there could be a work-from-home arrangement
This is a co-op position for students in a registered Co-op program. If interested, please send your resume and cover letter to to firstname.lastname@example.org to apply.