Job Description

Join to apply for the Senior Financial Analyst role at Boston Medical Center (BMC) Join to apply for the Senior Financial Analyst role at Boston Medical Center (BMC) Get AI-powered advice on this job and more exclusive features. Position Summary Reporting to the Manager of Financial Planning, the Senior Financial Analyst, Financial Planning plays a pivotal role in driving the hospital's financial planning, budgeting, and analysis efforts. This position involves close collaboration with department heads, finance team members, and senior leadership to deliver data-driven insights, facilitate informed decision-making, and safeguard the financial well-being of the organization. Position Summary Reporting to the Manager of Financial Planning, the Senior Financial Analyst, Financial Planning plays a pivotal role in driving the hospital's financial planning, budgeting, and analysis efforts. This position involves close collaboration with department heads, finance team members, and senior leadership to deliver data-driven insights, facilitate informed decision-making, and safeguard the financial well-being of the organization. Budget Planning And Development Under the review of the Manager of Financial Planning, lead the preparation and development of the annual budget and long-term financial plans for assigned areas. Coordinate with department heads to gather and analyze budgetary data information. Review and analyze budgetary submissions from managers and directors. Provide training and support to assigned areas during the budgeting process. Analyze historical financial data and trends to support budget submissions. Develop complex budgetary analysis as directed by the Manager of Financial Planning. Monthly Financial Analysis And Reporting Perform variance analysis to compare actual financial outcomes with budgeted figures and provide explanations for deviations. Provide guidance and support to departments regarding budget management and financial planning. Evaluate financial data to identify potential areas for cost reduction and efficiency improvements. Provide recommendations based on financial analysis to support decision-making. Lead complex financial analyses, including detailed variance analysis and trend forecasting. Prepare regular financial dashboards for senior leadership, highlighting key performance indicators and financial metrics. Stakeholder Communication Serve as a liaison between the finance department and other departments. Communicate budgetary and financial information to non-financial stakeholders in an understandable manner. Address and resolve budget-related inquiries and issues. Project Management Coordinate cross-functional teams to achieve project goals within budget and timeline constraints. Assist in developing and enforcing financial policies and procedures. Ensure financial processes and reporting comply with organizational policies Lead and participate in special financial projects and initiatives as needed. Leadership And Mentoring Identify areas for improvement in financial processes and systems and recommend enhancements to increase efficiency and accuracy. Mentor and guide junior financial analysts, providing support and development opportunities to enhance their skills and performance. Lead cross-functional teams on financial projects and initiatives. (The above statements in this job description are intended to depict the general nature and level of work assigned to the employee(s) in this job. The above is not intended to represent an exhaustive list of accountable duties and responsibilities required). Position: Senior Financial Analyst Department: Financial Planning Analyst Schedule: Full Time Education

JOB REQUIREMENTS

Requires a bachelor’s degree in finance or accounting from an accredited college or university; master’s degree in accounting, business administration or healthcare preferred. CPA or Certified Healthcare Financial Professional preferred. Experience At least five years professional experience in financial analysis, budgeting, accounting, or planning function, preferably in a healthcare-related setting. Knowledge And Skills A solid understanding of accounting principles and financial statements (balance sheets, normalized P&L income statements). Ability to extract and analyze large datasets to identify trends, patterns, and anomalies. Proficiency in using advanced Excel functions and tools for financial analysis, such as pivot tables, vlookups and complex formulas. Ability to prepare and present financial analysis and reports. Skilled in conducting variance analysis to identify discrepancies between actual and budgeted figures. Understanding of healthcare-specific financial concepts and terminologies. A solid understanding of the main concepts of hospital financial statements (volume, FTE, supplies expenses, etc.). Strong proficiency in PowerPoint and ability to develop presentations based on a large set of data. Effective in communicating financial concepts and analyses to non-financial stakeholders. Ability to analyze situations, think critically, and develop solutions independently. Skilled in managing multiple priorities, meeting deadlines, and handling the pressure of tight schedules. Ability to work well with others, build relationships, and collaborate across departments. Willingness to come up with new ideas or approaches to improve processes or solve problems. Ability to lead projects or initiatives and mentor junior analysts, fostering a collaborative and effective working environment. Equal Opportunity Employer/Disabled/Veterans According to the FTC, there has been a rise in employment offer scams. Our current job openings are listed on our website and applications are received only through our website. We do not ask or require downloads of any applications, or “apps” job offers are not extended over text messages or social media platforms. We do not ask individuals to purchase equipment for or prior to employment. Seniority level Seniority level Mid-Senior level Employment type Employment type Full-time Job function Job function Finance and Sales Industries Hospitals and Health Care Referrals increase your chances of interviewing at Boston Medical Center (BMC) by 2x Sign in to set job alerts for “Senior Financial Analyst” roles. Boston, MA $90,300.00-$111,300.00 6 days ago Financial Analyst - Insurance Industry - Remote Burlington, MA $85,000.00-$100,000.00 2 weeks ago Boston, MA $105,000.00-$125,000.00 4 days ago Boston, MA $66,000.00-$106,000.00 5 days ago Financial Data Analytics Business Partner - REMOTE Remote Retirement Plan Compliance Analyst Boston, MA $72,500.00-$122,000.00 4 days ago Senior Tax Analyst - Work from Home - 2+ Yrs Paid Tax Experience Required Boston, MA $90,000.00-$125,000.00 4 days ago Senior Analyst, Experience Surveys and Analytics We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI. #J-18808-Ljbffr Boston Medical Center (BMC)

Job Tags

Full time, Fixed term contract, Remote job,

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