[Hiring] Senior Financial Analyst @Tufts Medicine

Role Description

This role focuses on performing a variety of financial activities, including accounting, financial analysis, audit, tax, and collections, while ensuring compliance with regulatory standards. In addition, this role focuses on performing the following Financial Planning & Analysis duties:

• Short and long-term financial planning and/or financial analysis of business operations for the purpose of measuring and forecasting future business performance.
• Analysis of internal financial information (e.g., profit loss accounts, financial statements, working capital, costs, prices, expenses, revenues, rates of return, etc.) and external economic conditions (e.g., inflation, interest rates, exchange rates, etc.).
• Conducts financial modeling to measure and forecast potential impacts of financial transactions and corporate development activities.

A professional individual contributor role that may direct the work of other lower level professionals or manage processes and programs. The majority of time is spent overseeing the design, implementation, or delivery of processes, programs, and policies using specialized knowledge and skills typically acquired through advanced education. A senior level role that requires advanced knowledge of job area typically obtained through advanced education and work experience.

• Typically responsible for managing projects/processes, working independently with limited supervision, coaching, and reviewing the work of lower level professionals, resolving difficult and sometimes complex problems.

Qualifications

• Bachelor’s degree in Accounting or Finance.
• Three (3) years of experience in Financial Planning and Analysis.

Requirements

• Five (5) years of experience in healthcare Financial Planning and Analysis (preferred).
• Healthcare experience to include Physician Group Finance (preferred).

Duties and Responsibilities

• Maintains the budget and forecasting system and related database, including loading data, auditing data, and running various checks for accuracy.
• Utilizes the budget and forecasting system, general ledger financial reporting, and the patient billing system to produce assigned management reports at various intervals (weekly, monthly, quarterly, and ad hoc).
• Assists in the development of financial analysis to support new business proposals, potential service lines expansion, and/or business planning process.
• Assists in the financial profitability analysis of varied organizational/operational cross sections to support operations and management decisions.
• Culls, interprets, and presents information in succinct and easily understandable formats for senior leaders and others within the organization.
• Works with department managers to understand reports and data distributed and to assist in formulating action plans based on information produced.
• Reports key volume statistics and metrics for the system.
• Oversees, trains, and mentors junior team members in all budget/planning functions and any special projects which may arise.
• Trains budget system users on budget entry and reporting functionality.
• Leads system improvement and/or implementation of new technology.
• Responds to ad hoc financial analyses, special projects, and other similar or related duties as required or directed.
• Works with department manager on financial analysis for new and existing programs; supports all aspects of the analysis including compensation and productivity benchmarking, revenue and expense forecasting, and staffing analyses.
• Documents workflow and processes to aid in standardization and process improvement.
• Provides accounting support as needed including general ledger entry posting and account reconciliations.
• Works closely with Accounting department to generate and present monthly actual to budget variance analysis.
• Maintains general ledger financial reports including balance sheets, trial balances, income statements, and chart of accounts.
• Updates reports for new accounts and cost centers and verifies accuracy of reports.
• Creates and tests custom reports as requested.
• Maintains collaborative team relationships with peers and colleagues to effectively contribute to the working group’s achievement of goals.
• May assist in the development of the five-year financial plan that is updated annually.
• May assist in maintaining the Decision Support System (DSS) and ensure data integrity.

Physical Requirements

• Professional office environment with typical office requirements such as computers, phones, photocopiers, filing cabinets, etc.
• This is largely a sedentary role, which involves sitting most of the time, but may involve movements such as walking, standing, reaching, and operating office equipment.
• Frequently required to speak, hear, communicate, and exchange information.
• Able to see and read computer displays, read fine print, and distinguish letters, numbers, and symbols.
• Occasionally lift and/or move up to 25 pounds.
• Requires manual dexterity using fine hand manipulation to operate computer keyboard.

Skills & Abilities

• Ability to apply financial management concepts and methodologies to projects.
• Demonstrated ability to work and effectively communicate with individuals from a variety of backgrounds, disciplines, and levels of expertise.
• Effective analytical thinking and ability to gather, understand, integrate, and synthesize complex information.
• Knowledge of hospital financial analyses and decision support systems as well as statistical and analytic software models (Tsi, Access, Excel, AMS).
• Strong computer skills, including proficiency with MS Office (Word, Excel, and PowerPoint), and familiarity with databases (e.g., experience using MS Access) and Meditech systems.
• Outstanding attention to detail, strong organizational skills, and the ability to anticipate programmatic needs.
• High degree of professional confidence, credibility, and communication skills to effectively work with leadership teams.
• Ability to coordinate across disciplines and departments, able to work both independently and with stakeholders.
• Highly professional manner with an ability to maintain sensitivity, confidentiality, and tactfulness.
• Excellent writing skills including the ability to draft and present program materials.
• Comfortable with ambiguity and works to resolve open questions.
• Concise and effective verbal and written communication skills.

Pay Range

$72,371.94 - $90,464.92 based on full-time equivalent.