Senior Financial Analyst

Baystate Health; Springfield (MA); On-site; USD 90,000 - 120,000; Full time

Job summary

Baystate Health in Springfield, MA is seeking an experienced Senior Research Financial Analyst to advance financial integrity and operational excellence across a complex, system-wide research portfolio, driving accurate reporting and scalable processes.

You will lead sponsored program accounting, partner with Finance, SPA, and research leadership, mentor junior analysts, ensure audit readiness, and implement improvements to workflows, controls, and compliance.

Qualifications

• Bachelor's degree in Accounting, Finance, Business or related field
• 5-7 years of progressive experience in research finance, sponsored programs, or grants administration
• Experience with Lawson financial systems and Grants Management modules
• Experience supporting audit preparation and compliance reviews
• Familiarity with federal and state grant regulations, Uniform Guidance, and audit requirements

Responsibilities

• Oversee sponsored program financial management, including reporting, audit readiness, compliance oversight, and system optimization.
• Partner with Finance, SPA, and research leadership—while mentoring junior analysts and championing continuous improvement initiatives.
• Lead the preparation and review of complex financial reports, reconciliations, and analyses for sponsored programs.
• Oversee financial activity management for BMC and PVLSI, including coordination of year-end audit documentation.
• Ensure compliance with federal, state, and sponsor regulations, proactively monitoring and applying updates to workflows.
• Serve as a subject matter expert in Lawson Grants Management, maintaining system integrity, troubleshooting issues, and driving enhancements.
• Manage invoicing, cash draws, and accounts receivable, ensuring timely billing and collection.
• Prepare, review, and submit journal entries, budget adjustments, and financial corrections.
• Partner with Accounting, SPA, and internal teams to ensure timely activity setup, maintenance, and closeout.
• Identify and lead process improvement initiatives to enhance efficiency, scalability, and reporting accuracy.
• Provide mentorship, guidance, and training to Research Financial Analysts (I & II), fostering a culture of accountability and development.
• Support and lead change management initiatives to improve financial operations and consistency.

Skills

Analytical skills

Organizational skills

Problem solving

Communication skills

Interpersonal skills

Leadership

Mentoring

Change management

Budgeting

Sponsored programs

Education

Bachelor’s degree

Tools

Lawson Grants Management

Job description

Baystate Health, a nationally recognized leader in healthcare quality and safety, is seeking an experienced and strategic Senior Research Financial Analyst to play a key role in advancing the financial integrity and operational excellence of a complex, system-wide research portfolio.

About the Role

This position is ideal for professionals with deep experience in sponsored programs, research finance, or grants administration who are ready to step into a high-impact, subject matter expert role—driving financial accuracy, strengthening compliance, and leading process improvements across the organization.

Responsibilities

• Reporting to the Senior Director of Research Operations, you will oversee critical aspects of sponsored program financial management, including complex reporting, audit readiness, compliance oversight, and system optimization.
• You will serve as a trusted partner to Finance, Sponsored Programs Administration (SPA), and research leadership—while also mentoring junior analysts and championing continuous improvement initiatives.
• Lead the preparation and review of complex financial reports, reconciliations, and analyses for sponsored programs.
• Oversee financial activity management for BMC and PVLSI, including coordination of year-end audit documentation.
• Ensure compliance with federal, state, and sponsor regulations, proactively monitoring and applying updates to workflows.
• Serve as a subject matter expert in Lawson Grants Management, maintaining system integrity, troubleshooting issues, and driving enhancements.
• Manage invoicing, cash draws, and accounts receivable, ensuring timely billing and collection.
• Prepare, review, and submit journal entries, budget adjustments, and financial corrections.
• Partner with Accounting, SPA, and internal teams to ensure timely activity setup, maintenance, and closeout.
• Identify and lead process improvement initiatives to enhance efficiency, scalability, and reporting accuracy.
• Provide mentorship, guidance, and training to Research Financial Analysts (I & II), fostering a culture of accountability and development.
• Support and lead change management initiatives to improve financial operations and consistency.

Qualifications

• Bachelor’s degree in Accounting, Finance, Business or a related field, required.
• 5-7 years of progressive experience in research finance, sponsored programs, or grants administration, required.
• Strong experience with Lawson financial systems and Grants Management modules.
• Experience supporting audit preparation and compliance reviews.
• Familiarity with federal and state grant regulations, Uniform Guidance, and audit requirements.
• Leadership & Team Development: Ability to mentor and guide staff, fostering a culture of accountability and continuous improvement.
• Excellent analytical, organizational, and problem-solving skills.
• Strong communication and interpersonal abilities to collaborate across departments.
• Ability to manage multiple priorities in a fast-paced environment.
• Expertise in sponsored program accounting, budgeting, and compliance.
• Capacity to analyze trends, identify risks, and recommend solutions to support organizational goals.
• Ability to champion process improvements and adapt to evolving regulatory and operational requirements.

Required Skills

• Bachelors Degree (Required)

Baystate Health is committed to diversity and inclusivity in the workplace.