Financial Advisor II -Labor Benchmarking - Texas

Job Summary

The Financial Analyst II – Labor Benchmarking position requires residency in Texas. This role serves as the primary financial resource for the Labor Benchmarking Team and provides financial research to support the goals of Baylor and Baylor Health Care System (BHCS).

Essential Functions of the Role

• Provide financial study support to administrators, department directors, and others as directed to aid the efficient and cost effective operation of BHCS.
• Conduct external labor productivity benchmarking for hospital and clinic personnel to identify opportunities for optimization and cost efficiency improvements.
• Collaborate with operational leaders to explain the benchmarking process, interpret results, and offer actionable insights to improve productivity.
• Coordinate and manage data collection from multiple sources, ensuring accuracy and completeness.
• Develop and maintain comprehensive reports and dashboards to communicate benchmarking results to key stakeholders.
• Analyze trends, patterns, and deviations in labor productivity data, highlighting areas for improvement and recommending strategies for enhancement.
• Prepare research and present findings on any labor productivity changes as required.
• Provide ongoing budget versus actual expense variance investigations through review of standard reports and entity-specific reports.
• Prepare verbal or written results of department operating efficiencies and present or discuss them with management and others as required.
• Develop and produce ad hoc Management Reports as requested.
• Serve as a liaison between the assigned area and Outcome Support Services and other finance areas of BHCS.
• Maintain professional growth by participating in educational programs and professional organizations to stay current with trends and developments; conduct finance training or presentations for BHCS personnel as directed.

Key Success Factors

• Hospital experience is needed to work independently and in a team environment.
• Effective communication skills.
• Ability to collect, organize, analyze, and present data.
• Proficiency in Microsoft Excel.
• Adaptable to change and willing to learn.
• Positive attitude and strong problem-solving ability.
• Ability to develop detailed work plans for timely project completion.

About Us

Here at Baylor Scott & White Health we promote the well-being of all individuals, families, and communities. Baylor Scott and White is the largest not-for-profit healthcare system in Texas that empowers you to live well. Our Core Values are: We serve faithfully by doing what's right with a joyful heart. We never settle by constantly striving for better. We are in it together by supporting one another and those we serve. We make an impact by taking initiative and delivering exceptional experience.

Benefits

Our benefits are designed to help you live well no matter where you are on your journey. For full details on coverage and eligibility, visit the Baylor Scott & White Benefits Hub to explore our offerings, which may include:

• Immediate eligibility for health and welfare benefits
• 401(k) savings plan with dollar-for-dollar match up to 5%
• Tuition Reimbursement
• PTO accrual beginning Day 1
• Note: Benefits may vary based upon position type and/or level.

Belonging Statement

We believe that all people should feel welcomed, valued and supported.

Qualifications

• Education: Bachelor's degree
• Experience: 3 years of experience
• Hospital experience