Standard Occupational Classification (SOC): Financial Risk Specialists

Financial risk specialists in healthcare are professionals who assess and manage financial risks and exposures faced by healthcare organizations. They may be responsible for identifying potential financial risks, evaluating the likelihood and impact of those risks, and developing strategies to mitigate or manage them.

Financial risk specialists in healthcare may work in a variety of settings, including hospitals, clinics, insurance companies, and consulting firms. They may be involved in tasks such as analyzing financial data, conducting financial modeling, and developing financial risk management plans. They may also be responsible for monitoring financial risks and exposures on an ongoing basis, and for reporting on the effectiveness of risk management strategies.

Financial risk specialists in healthcare typically need a bachelor’s degree in a related field such as finance, economics, or business administration. They may also be required to have professional certification, such as a Certified Financial Risk Manager (FRM) or a Chartered Financial Analyst (CFA). Financial risk specialists in healthcare must have strong analytical and problem-solving skills, as well as the ability to interpret and apply financial regulations and standards. They must also have excellent communication and interpersonal skills, as they may be required to interact with a wide range of people, including healthcare professionals, staff, and patients.