Senior Financial Analyst, Cost Accounting

Devoted Health • Waltham, MA

6d • $58,000 - $125,000

About The Position

This role is responsible for directing cost accounting policies, controls, and reporting to drive financial and growth objectives. The Senior Financial Analyst will architect and scale the cost accounting framework, including expense allocation methodologies across all business segments and legal entities. They will deliver market and product-level profitability analysis to guide leadership on margin optimization. This position will also support the financial mechanics of intercompany arrangements, including cost allocation, transfer pricing inputs, and reporting. Building and maintaining driver-based financial models that connect membership growth, staffing decisions, and vendor spend to the P&L and cash is a key responsibility. The role involves supporting or owning aspects of the monthly close related to cost, including accruals, allocations, variance analysis against budget and forecast, and management reporting packages. Additionally, the Senior Financial Analyst will build business cases and ROI analyses, and hold investments accountable to what was modeled. They will be an integral part of a cross-functional team focused on continuous improvement and standardization of policy, process, and control, with an emphasis on technology development and shifting reporting out of spreadsheets into scalable, self-service tooling. The role also includes supporting market, network, and clinical teams with education, tools, analysis, and reporting to manage their cost performance, and ownership for satisfying audit, examination, and other regulatory or compliance related inquiries and requests.

Requirements

• A minimum of 5–10 years of finance and/or accounting experience.
• Demonstrated hands-on cost accounting experience including allocation methodology, cost center design, unit cost or product-level costing, and the discipline to defend how a number was built.
• Core FP&A or accounting experience: cost accounting, budgeting, forecasting, long-range planning, variance analysis, and management reporting.
• Advanced financial modeling skills, including comfort working with large and imperfect data sets, AI, and/or a BI platform
• Deep understanding of ERP or planning systems, or in standing up a cost allocation model from scratch.
• The ability to explain financial results clearly to people who do not work in finance, and to challenge assumptions respectfully when the numbers do not support the story.
• The ability to thrive in a fast-paced, startup environment where priorities shift and process is something you help build.

Nice To Haves

• Healthcare services and/or health insurance experience (preferred).
• An undergraduate and/or graduate degree in accounting, finance, business, or a related field.

Responsibilities

• Direct cost accounting policies, controls, and reporting to drive financial and growth objectives.
• Architect and scale the cost accounting framework, including expense allocation methodologies across all business segments and legal entities.
• Deliver market and product-level profitability analysis to guide leadership on margin optimization.
• Supporting the financial mechanics of intercompany arrangements, including cost allocation, transfer pricing inputs, and reporting requested by internal and third-party counterparties.
• Building and maintaining driver-based financial models that connect membership growth, staffing decisions, and vendor spend to the P&L and cash.
• Supporting or owning aspects of the monthly close related to cost, including accruals, allocations, variance analysis against budget and forecast, and management reporting packages that lead with drivers rather than restated numbers.
• Building business cases and ROI analyses, vendor and build-versus-buy decisions, market expansion and headcount investment, and then holding those investments accountable to what was modeled.
• Being an integral part of a cross-functional team focused on continuous improvement and standardization of policy, process and control, with a heavy emphasis on technology development and shifting our reporting out of spreadsheets and into scalable, self-service tooling.
• Supporting our market, network, and clinical teams with the education, tools, analysis, and supplemental reporting they need to manage their own cost performance.
• Ownership and responsibility for satisfying applicable audit, examination and other regulatory or compliance related inquiries and requests.

Benefits

• Employer sponsored health, dental and vision plan with low or no premium
• Generous paid time off
• $100 monthly mobile or internet stipend
• Stock options for all employees
• Bonus eligibility for all roles excluding Director and above; Commission eligibility for Sales roles
• Parental leave program
• 401K program

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree