Finance Development Program - Analyst Full-Time
Program Overview
The Finance Development Program (FDP) hires recent undergraduates with an interest in finance, strategy, and healthcare. The rotation-based program offers an enriching two-year experience involving several areas of Michigan Medicine, with the goal of developing strong financial abilities, leadership acumen, and a deep knowledge of the business side of healthcare. Rotations and responsibilities are dynamic in nature, based on each individual’s interests and competencies, but all participants will encounter a diverse financial, analytical, and consultative rotation experience. In addition to the projects done on rotation, analysts also have the opportunity to continue investing in the program itself, including participating in peer mentorship, recruiting on campuses, and program planning.
Position Description
The FDP is aimed at recent college graduates interested in the healthcare industry that are searching for a challenging, yet rewarding, career in a dynamic environment. The goal of the program is to develop the skills and experiences needed by analysts to accelerate and advance their careers at Michigan Medicine.
Analysts in the FDP complete rotational assignments within Michigan Medicine, or with Michigan Medicine strategic partners. During these rotations, analysts will complete a plethora of projects that build financial and professional skill sets, offer exposure to leadership, and develop an understanding of Michigan Medicine and the healthcare industry.
Projects will vary for each analyst in the FDP, based on the program member’s interests, skills, and development aspirations. Potential subject areas include finance, accounting, strategy, business planning, capital investment, cash forecasting, and many other forms of financial and strategic analysis.
FDP projects often require the collaboration of different functional teams, giving program members a unique perspective, and better understanding of how Michigan Medicine operates. Additionally, some projects allow for engagement with external stakeholders, including insurers, government entities, strategic partners, and pharmaceutical companies.
Examples of previous rotations include Central Finance, Department of Surgery, Department of Psychiatry, Department of Urology, Emergency Medicine, Internal Medicine, Basic Sciences, Mid-Michigan Health System, Revenue Cycle, Treasurer's Office, Clinical Design, Reimbursement, Medical School Finance, Enterprise Financial Reporting and Analysis, Clinical Financial Planning and Analysis, Pharmacy, Financial Systems, and Real Estate.
Qualifications
Ideal candidates meet the following qualifications:
- Bachelor's degree (BA/BS) in Finance, Accounting, Business, Healthcare Administration, Economics, Statistics, Math, or a related field. Candidates from other disciplines with a keen interest in finance and/or healthcare are also welcome to apply.
- Exceptional written and verbal communication abilities.
- Strong analytical skills with a meticulous attention to detail.
- Ability to thrive in a dynamic work environment and manage evolving projects effectively.
- Proficiency in Microsoft Office Suite (especially Excel), Tableau, financial intelligence software, and basic relational database management.
A cover letter is required for consideration for this position. The cover letter should address your specific interest in the position and outline skills that directly relate to the role.
Additional Information
The mission of Michigan Medicine is to improve 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. With annual revenues of approximately $8 billion, Michigan Medicine ranks as one of the top academic health centers in the country, and is committed to providing exceptional patient care, facilitating groundbreaking research and developing the next generation of physicians and scientists. Michigan Medicine consists of the Hospitals, Health Centers and Clinics, the University of Michigan Medical School and its Medical Group, and the Michigan Health Corporation.
Michigan Medicine 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.
*Applicants can expect to hear about next steps after the application deadline*
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