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 II
Department: OBGYN
Schedule: Full Time
ESSENTIAL RESPONSIBILITIES / DUTIES:
The Financial Analyst’s primary job responsibilities, includes but not limited to the following:
Serve as a key point of contact between finance, accounting, department and revenue cycle
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; a collection of outstanding receivables; payment posting of receipts; monthly reporting of activity; etc.
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 the following:
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
Work with auditors during fiscal year end issues.
Communicates in a clear and effective manner while considering varying perspectives on complex issues
Serve as a lead operational and strategic business planning expert. Pulls tougher relevant subject experts depending upon project or analysis, such as implementing a new reports or new KPIs
Lead cross-functional teams to drive positive financial results; self-directed and able to take initiative with minimal supervision
Systems Support – The Financial Analyst will be also operate in Infor system and SAP payroll system.
Maintain system 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
JOB REQUIREMENTS
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 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.
Equal Opportunity Employer/Disabled/Veterans
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What We Do
Boston Medical Center, located in Boston’s historic South End, is a private, not-for-profit, 567-bed, academic medical center and the primary teaching affiliate for Boston University School of Medicine. Recognized for its high-quality, nationally ranked and comprehensive medical care for the entire family, patients have access to the most current treatment and advancements at BMC. BMC physicians lead the way in pioneering new therapies that impact the care of patients locally and worldwide. In 2013, BMC made the decision to invest in a four-year campus redesign that includes additions to buildings, upgrades to existing structures, and an expansion of the Emergency Department. Once completed, the redesign will provide clinical workspaces with state-of-the-art facilities and equipment to solve BMC's most pressing care delivery needs. Already complete, the hospital’s Shapiro Center is Boston’s newest outpatient care facility and features a quarter-million square feet of clinic space, key support services, one of the region’s most technologically advanced pharmacies, and a bright, spacious café. Housed in a facility that provides world-class, patient-centered care at every visit, BMC doctors are among the best in their field. Many are recognized annually as “Top Doctors” in their medical and surgical specialties by publications such as U.S. News & World Report and Boston magazine. Boston Medical Center is also the largest safety net hospital in New England and extends into the community as a founding partner of Boston HealthNet, a network of 15 community health centers throughout Boston serving more than a quarter million people annually. No matter whom you meet at BMC, all are committed to providing every patient and family member with the highest quality of care, respect, warmth and compassion.
