Senior Financial Analyst

TuftsMedicine; United States; On-site; USD 80,000 - 110,000; Full time

Job summary

TuftsMedicine is seeking an experienced FP&A professional to support budgeting, forecasting, and financial analysis across service lines. You will analyze internal financial data and external economic factors, prepare management reports, and assist with proformas and ROI analyses for potential expansions.

Collaboration with department managers and leadership will be routine to drive informed decisions. The role emphasizes data accuracy, process improvements, and mentoring junior staff in budget

Qualifications

• Bachelor's degree in Accounting or Finance required.
• Three years of experience in Financial Planning & Analysis.
• Healthcare FP&A experience preferred, including physician group finance.
• Experience with budgeting and forecasting systems and general ledgers.

Responsibilities

• Maintains budget and forecasting systems and related data; loads, audits, and verifies data.
• Generates management reports from the budgeting system and GL/patient billing data.
• Assists in financial analyses for new business proposals and program expansions.
• Performs profitability analyses to support operations and management decisions.
• Presents information clearly to senior leaders and collaborates with managers to drive action plans.

Skills

Financial Planning & Analysis

Budgeting

Variance analysis

Data interpretation

Education

Bachelor's degree in Accounting or Finance

Tools

Budgeting system

General ledger

Job description

Job Profile Summary

This role focuses on performing a variety of financial activities, including accounting, financial analysis, audit, tax, and collections, while ensuring compliance with regulatory standards. In addition, this role focuses on performing the following Financial Planning & Analysis duties: Short and long-term financial planning and/or financial analysis of business operations for the purpose of measuring and forecasting future business performance. This includes the analysis of internal financial information (e.g., profit loss accounts, financial statements, working capital, costs, prices, expenses, revenues, rates of return, etc.) and of external economic conditions and their impact on business operations (e.g., inflation, interest rates, exchange rates, etc.). Conducts financial modeling to measure and forecast potential impacts of financial transactions and corporate development activities . A professional individual contributor role that may direct the work of other lower level professionals or manage processes and programs . The majority of time is spent overseeing the design, implementation or delivery of processes, programs and policies using specialized knowledge and skills typically acquired through advanced education . A senior level role that requires advanced knowledge of job area typically obtained through advanced education and work experience . Typically, responsible for: managing projects / processes, working independently with limited supervision, coaching and reviewing the work of lower level professionals, resolving difficult and sometimes complex problems.

Job Overview

This position provide s support for the planning function of the organization through research, analysis and the maintenance of data and information. Assists in providing timely financial analysis and reporting of product and service line profitability, program review / expansion and other analysis for special projects and initiatives, as requested . Provides reporting for leaders to help managing and maintaining the correct level of productivity and staffing requirements as well as financial analyses and modeling related to the monthly variance reporting and annual budget process .

Job Description

Minimum Qualifications :

• 1. Bachelor's degree in Accounting or Finance
• 2. Three (3) years of experience in Financial Planning and Analysis.

Preferred Qualifications :

• 1. Five (5) years of experience in healthcare Financial Planning and Analysis
• 2. Healthcare experience to include Physician Group Finance.

Duties and Responsibilities :

• 1. Maintains the budget and forecasting system and related database. Tasks include loading data, auditing data and running various checks to make sure information is accurate before opening the database for utilization by others.
• 2. Utiliz es the budget and forecasting system, general ledger financial reporting and the patient billing system, produce assigned management reports at various intervals (weekly, monthly, quarterly, and ad hoc).
• 3. Assist s in development of financial analysis to support new business proposals, potential service lines expansion and/or business planning process.
• 4. Assist s in the financial profitability analysis of varied organizational/operational cross sections to support operations and management decisions.
• 5. Culls, interprets and presents information in succinct and easily understandable formats for senior leaders and others within the organization. Work s with department managers to understand reports and data distributed and to assist in formulating action plans based on information produced including development of timelines and data needs for monitoring progress.
• 6. Report s key volume statistics and metrics for the system.
• 7. Oversee s , train s, and mentor s junior team members in all budget/planning functions and any special projects which may arise.
• 8. Train s budget system users on budget entry and reporting functionality.
• 9. Lead s system improvement and/or implementation of new technology .
• 10. Respond s to ad hoc financial analyses, special projects, and other similar or related duties as required or directed.
• 11. Work s with department manager on financial analysis for new and existing programs; Support all aspects of the analysis including compensation and productivity benchmarking; revenue and expense forecasting; and staffing analyses in order to develop proforma and ROI analyses.
• 12. Document s workflow and processes to aid in standardization and process improvement.
• 13. Provide s accounting support as needed including, but not limited to general ledger entry posting, general ledger account reconciliations. Work s closely with Accounting department to generate and present monthly actual to budget variance anal