Financial Analyst

Mt. Washington Pediatric Hospital; Baltimore (MD); On-site; USD 90,000 - 100,000; Full time

Job summary

Baltimore Medical System (BMS) is a community nonprofit in Maryland seeking a Financial Analyst. You will manage the operating and capital budgets, assist with month-end close, and support the annual financial audit.

Responsibilities include preparing budget packages, tracking variances, generating month-end reports, and analyzing revenue and expenses. A 4-year degree in Accounting or Finance is required; MBA or CPA is preferred; 3–5 years healthcare budgeting experience is expected.

Qualifications

• Bachelor’s degree in Accounting or Finance required.
• 3–5 years related experience in healthcare finance and budgeting.
• Knowledge of GAAP.

Responsibilities

• Develops the initial operating budget package including projections and staffing schedules.
• Tracks capital budget development and variance analyses.
• Generates month-end reports and revenue/expense analyses.
• Assists with monthly and year-end close and with annual financial audit.

Skills

Budgeting

Financial analysis

GAAP knowledge

Healthcare budgeting

Education

Bachelor’s degree in Accounting or Finance

MBA or CPA

Job description

• Base Pay $90,000.00 - $100,000.00 / Year
• Job Category Finance
• Employee Type N/A
• Required Degree 4 Year Degree
• Manage Others No

Description

Applicants must be located in Maryland. Relocation assistance is not available for this position.

The Financial Analyst performs a variety of complex tasks in the areas of budgeting, analyzing financial statements, developing financial models, and preparing projections. Responsible for managing and coordinating the annual operating and capital budget development process and monitoring compliance throughout the year. Assist with the monthly and year-end financial close, including assisting with the annual financial audit.

Essential functions

• Develops the initial operating budget package consisting of visit and prescription projections, historical cost comparisons by GL account, and staffing schedules, and provides to BMS managers for completion.
• Works with appropriate team members to develop budget projections for statistical volumes, patient, grant, and pharmacy revenue, expenses, and non-operating revenue.
• Responsible for tracking capital requests and development of a capital budget for the Executive Team review and approval for incorporation into the budget.
• Generates month-end departmental budget reports, including trial balance, budget vs actual, and labor distribution for BMS managers to report on budget variances.
• Prepares analysis considering statistical components (hours worked, hours paid, patient days, visits per 1,000, etc.)
• Provides a summary report of significant budget variances to the CFO and Controller
• Maintains and monitors the capital budget to ensure purchases are in the timeframe budgeted and costs are in line with the amount approved in the budget.
• Reviews and reconciles general ledger accounts for month-end reports; processes general ledger entries and prepares revenue and expense accruals
• Prepares, analyzes, and distributes weekly kept clinic appointments; monthly pharmacy (site-specific) script, revenue, and expense reports; and monthly visit reports.
• Performs analysis on revenue streams, expense trends, and operational changes to project the impact on future operations.
• Performs financial analysis for new services, new sites, or ROI on projects under consideration.
• Completes special projects as assigned.

Requirements

Education

• Bachelor’s degree in Accounting or Finance

Preferred Certifications, Licenses, Registrations

• MBA orCPA

Experience

• Minimum of 3-5 years related experience in finance or accounting in a healthcare setting required
• Experience with healthcare budgeting
• Knowledge of Generally Accepted Accounting Principles (GAAP)

Summary

Baltimore Medical System (BMS) is a community-based, nonprofit organization that provides quality primary/outpatient care services in the Greater Baltimore area. BMS is the largest FQHC in Maryland, and we offer a variety of comprehensive primary and behavioral health services through five (5) community health centers and eight (8) school-based health centers. We have a competitive salary based on experience and generous benefits (single and family) for employees working 30 or more hours per week that include medical, dental, vision, 403(b) retirement plan, paid time off, paid holidays, tuition assistance, and more!