Sr. Financial Analyst, Dept of Medicine, 40 hours, Days

UMass Memorial Health•Worcester, MA

9d•$53,581 - $117,208•Onsite

About The Position

This position is responsible for collecting and preparing financial and statistical data related to operating and capital budgets and financial reporting processes. The Sr. Financial Analyst will analyze financial and statistical data to support the creation of annual operating and capital plans and budgets, and track performance against these targets. The role focuses on rolling quarterly forecasts and the use of metrics to evaluate financial performance, working collaboratively within a team. The analyst will work with operating vice presidents, department managers, and administrators across the UMass Memorial Health Care (UMMHC) system to understand financial targets and results and provide related support. The position involves gathering and preparing information in a structured format for easy analysis of accuracy and achievement of budget targets.

Requirements

Bachelor’s Degree with a major or concentration in Health Care Administration, Math, Data Science, Economics, Finance, Accounting or related field.
Minimum of 2 years of directly relevant work experience in finance.
Must possess a fundamental understanding of financial management concepts and be able to assist in the development of financial plans.
Familiarity with accounting principles and financial statements.
Demonstrated experience utilizing Microsoft Office Suite programs (e.g. Excel, PowerPoint, Word, Access, Project) with expertise in modeling in Excel.
Exhibit excellent analytical and interpersonal skills and the ability to develop and present creative approaches and solutions to strategic business issues.
Strong organizational and communication skills, the ability to work with non-financial managers, and the ability to manage multiple projects.

Nice To Haves

MBA in Finance.
Knowledge of discounted cash flows
Familiarity with hospital/healthcare delivery systems, financial forecasting and budgeting.
A comprehensive working knowledge of computer-based financial/forecasting/budgeting techniques strongly preferred.

Responsibilities

Supports and works with customers, Managers, Vice Presidents and Administrators through a process of proactively understanding customer needs. Resolves inquiries and provides training in use and navigation of multiple financial systems and reports.
Develops a strong working knowledge of the forecasting/budgeting financial software and obtains efficient navigation capabilities. May assist with system quality assurance, testing and/or maintenance.
Performs ad hoc and routine variance analysis and/or audits. Works collaboratively to develop and implement corrective actions to meet financial targets.
Obtains data from the financial systems as needed. Designs, prepares and reviews various scheduled and ad hoc reports for presentation, distribution and/or ongoing financial data evaluation.
Performs other duties as required including, but not limited to, identification of forecasting assumptions, preparation of an annual operating plan, and reconciliations of data from multiple financial systems.
Participates in committees and work teams for various projects related to the budget process. May assist management in feasibility evaluation studies, market analysis and business plans.
Trains and mentors Financial Analysts.
May manage external contracts and revenues, which may include but is not limited to contract analysis, income review, funding, grant monies, cash collection, and invoicing.
May process DEFAs and change forms and resolve discrepancies with the Medical Group and Medical School payroll departments. May coordinate services and additional compensation for moonlighting, sign-on bonuses, and medical school related reimbursements. May oversee departmental purchasing and payables documents.