Job Summary
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.
Mission Statement
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.
Why Join Michigan Medicine?
Michigan Medicine is one of the largest health care complexes in the world and has been the site of many groundbreaking medical and technological advancements since the opening of the U-M Medical School in 1850. Michigan Medicine is comprised of over 30,000 employees and our vision is to attract, inspire, and develop outstanding people in medicine, sciences, and healthcare to become one of the world's most distinguished academic health systems. In some way, great or small, every person here helps to advance this world-class institution. Work at Michigan Medicine and become a victor for the greater good.
What Benefits can you Look Forward to?
- Excellent medical, dental and vision coverage effective on your very first day
- 2:1 Match on retirement savings
Responsibilities*
- 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
Required Qualifications*
- 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
Desired Qualifications*
- 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
Work Locations
This position is eligible for remote and/or flexible work opportunities at the discretion of the hiring department. Flexible work agreements are reviewed annually and are subject to change dependent on the business needs of the hiring department, throughout the course of employment. This position is a hybrid position. Office is located in Dexter, Michigan.
Modes of Work
Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.
Additional Information
This position may be filled at a lower level, depending on the candidate's job qualifications.
Background Screening
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.
Application Deadline
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.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.