Boston Medical Center (BMC)
Financial Analyst II
Boston Medical Center (BMC), Boston, Massachusetts, us, 02298
Position Summary
The Financial Analyst provides analytical support to the cash management, capital and financing decisions made by the Department Chair, Directors, Management and the Finance Department. Assists in the development of the annual operating budget, prepares weekly and monthly statistical reports, and supports hospital department managers to ensure our short-term and long-term planning aligns with business strategies and forecasts. Develops integrated revenue/expense analyses, projections, reports, and presentations. Creates and analyzes monthly, quarterly, and annual reports and ensures financial information has been recorded accurately. Communicates findings and makes recommendations to director or other team members as appropriate. Performs financial forecasting, reconciliation of internal accounts, and other financial administrative activities.Position: Financial Analyst IIDepartment: AdministrationSchedule: Full TimeEssential Responsibilities / Duties
The Financial Analyst’s primary job responsibilities include but are not limited to the following:Financial Guidance - Provide financial guidance and coordination on major capital projects from concept to conclusion and implement processes to ensure ongoing financial reporting needs are met.Develop incremental financial impact statements for strategic programs.Monitor and track actual results to projections.Prepares analyses, reports for presentation to key decision-makers i.e. senior management and Department chairs.Financial Planning and Administration - This position will play a key role in supporting all aspects of financial planning and administration.Assist in preparing annual department budgets and current year re-forecasts.Tracking of non-patient contractual arrangements, including generation of invoices; collection of outstanding receivables; payment posting of receipts; monthly reporting of activity; etc.Monthly processing of physician payroll.Oversee the hiring and onboarding of new faculty.Reporting - Deliver timely, accurate financial information to Director, Chair, and Department Faculty.Provide in-depth analysis of monthly operating budget and operating performance.Monthly preparation of faculty cFTE and productivity reports.Reporting and data maintenance for compensation models.Tracking and reporting on department grant accounts.Comprehensive financial reporting for use by Finance and senior management group.Analysis - Beyond reporting results, the Financial Analyst will provide insight and analysis as to what the results mean in the context of the organization’s objectives. Analysis requirements will include:Operating results – historical, current and pro-forma along with variance analysis.Targeted expense analysis to develop an understanding of drivers and enhance planning process.Performs other physician analytic duties as may be assigned from time to time.Systems Support – The Financial Analyst will be the primary administrator of the Lawson Infor system and a primary user/administrator on SAP payroll system.Maintain system to ensure up-to-date and accurate information.Ensure accurate data is pulled at month end to assist with close and request journal entries as needed.Education
Bachelor's Degree in Accounting or Finance or related field required.Experience
3-5 years of financial experience is required. Healthcare experience preferred but not necessary.Knowledge And Skills
Ability to work independently and excel in a complex, demanding environment required with time-sensitive deadlines.Comprehensive understanding of financial statement preparation, and the ability to research and interpret data, and an understanding of financial and operational systems. Broad knowledge of health care accounting and systems is a plus.Excellent oral and written communication skills.Exceptional interpersonal skills, including the ability to establish and maintain effective relationships with physicians, management, staff, and other internal/external customers.Experience in translating and communicating key analyses and assumptions in a concise fashion to Senior Management for decision-making purposes.Excellent computer skills and experience on both a General Ledger System as well as comparable spreadsheet and word processing software (Excel, Word, PowerPoint, Access and other analytical tools) and ability to train others.Team player with the willingness and desire to learn and grow within the organization.
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The Financial Analyst provides analytical support to the cash management, capital and financing decisions made by the Department Chair, Directors, Management and the Finance Department. Assists in the development of the annual operating budget, prepares weekly and monthly statistical reports, and supports hospital department managers to ensure our short-term and long-term planning aligns with business strategies and forecasts. Develops integrated revenue/expense analyses, projections, reports, and presentations. Creates and analyzes monthly, quarterly, and annual reports and ensures financial information has been recorded accurately. Communicates findings and makes recommendations to director or other team members as appropriate. Performs financial forecasting, reconciliation of internal accounts, and other financial administrative activities.Position: Financial Analyst IIDepartment: AdministrationSchedule: Full TimeEssential Responsibilities / Duties
The Financial Analyst’s primary job responsibilities include but are not limited to the following:Financial Guidance - Provide financial guidance and coordination on major capital projects from concept to conclusion and implement processes to ensure ongoing financial reporting needs are met.Develop incremental financial impact statements for strategic programs.Monitor and track actual results to projections.Prepares analyses, reports for presentation to key decision-makers i.e. senior management and Department chairs.Financial Planning and Administration - This position will play a key role in supporting all aspects of financial planning and administration.Assist in preparing annual department budgets and current year re-forecasts.Tracking of non-patient contractual arrangements, including generation of invoices; collection of outstanding receivables; payment posting of receipts; monthly reporting of activity; etc.Monthly processing of physician payroll.Oversee the hiring and onboarding of new faculty.Reporting - Deliver timely, accurate financial information to Director, Chair, and Department Faculty.Provide in-depth analysis of monthly operating budget and operating performance.Monthly preparation of faculty cFTE and productivity reports.Reporting and data maintenance for compensation models.Tracking and reporting on department grant accounts.Comprehensive financial reporting for use by Finance and senior management group.Analysis - Beyond reporting results, the Financial Analyst will provide insight and analysis as to what the results mean in the context of the organization’s objectives. Analysis requirements will include:Operating results – historical, current and pro-forma along with variance analysis.Targeted expense analysis to develop an understanding of drivers and enhance planning process.Performs other physician analytic duties as may be assigned from time to time.Systems Support – The Financial Analyst will be the primary administrator of the Lawson Infor system and a primary user/administrator on SAP payroll system.Maintain system to ensure up-to-date and accurate information.Ensure accurate data is pulled at month end to assist with close and request journal entries as needed.Education
Bachelor's Degree in Accounting or Finance or related field required.Experience
3-5 years of financial experience is required. Healthcare experience preferred but not necessary.Knowledge And Skills
Ability to work independently and excel in a complex, demanding environment required with time-sensitive deadlines.Comprehensive understanding of financial statement preparation, and the ability to research and interpret data, and an understanding of financial and operational systems. Broad knowledge of health care accounting and systems is a plus.Excellent oral and written communication skills.Exceptional interpersonal skills, including the ability to establish and maintain effective relationships with physicians, management, staff, and other internal/external customers.Experience in translating and communicating key analyses and assumptions in a concise fashion to Senior Management for decision-making purposes.Excellent computer skills and experience on both a General Ledger System as well as comparable spreadsheet and word processing software (Excel, Word, PowerPoint, Access and other analytical tools) and ability to train others.Team player with the willingness and desire to learn and grow within the organization.
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