Senior Financial Analyst, Cost Accounting

Devoted Health Services, Inc; Waltham (MA); On-site; USD 58,000 - 125,000; Full time

Benefits offered by this job

Health, dental, vision coverage

Generous paid time off

Monthly stipend for mobile/internet

Stock options for employees

Bonus eligibility for most roles

Parental leave program

401K program

Job summary

Devoted Health Services, Inc. in Massachusetts is seeking a senior financial professional to lead cost accounting across the organization.

You will architect cost allocation, build driver-based models, and deliver market and product profitability analyses to guide leadership decisions. This role owns the cost-related close, collaborates with cross-functional teams, and helps shift reporting from spreadsheets to scalable self-service tools.

Qualifications

• 5–10 years of finance and/or accounting experience.
• Hands-on cost accounting including allocation methodology and cost center design.
• Core FP&A or accounting experience: budgeting, forecasting, variance analysis, and reporting.
• Advanced financial modeling with large data sets and BI experience.
• Understanding of ERP/planning systems and cost allocation model building.
• Ability to explain financial results clearly to non-finance audiences and challenge assumptions respectfully.

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.
• Support intercompany arrangements, transfer pricing inputs and reporting.
• Build driver-based financial models linking membership growth, staffing, and vendor spend to P&L and cash.
• Own or support monthly close related to cost, including accruals, allocations, variance analysis, and management reporting.
• Build business cases and ROI analyses, vendor/buy decisions, and headcount investments with accountable tracking.
• Collaborate across functions to standardize policy and shift reporting from spreadsheets to scalable tooling.
• Support market, network, and clinical teams with education, tools, analysis, and reporting.
• Own responses to audits, examinations, and regulatory requests.

Skills

Cost accounting

FP&A

Financial modeling

ERP/planning systems

Data analysis

Communication

Education

Bachelor's degree in accounting/finance/business

Tools

BI platform

AI

Job description

Your Responsibilities and Impact

• 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.

Required skills and experience

• 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.

Desired skills and experience

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

Salary Range: $58,000-125,000 annually

Our Total Rewards package includes:

• 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
• And more....

*Our total rewards package is for full time employees only. Intern and Contract positions are not eligible.

Founded in 2017, Devoted Health is on a mission to dramatically improve the health and well-being of older Americans by caring for everyone like they are family, and that includes our employees. Our robust and seamlessly integrated care platform merges advanced data and AI access with world-class clinical and service experiences to create a member experience that is unlike the industry norm. To continue building upon our mission, we want to bring together those who share our values, embrace change and advancement, and are enthusiastic about where we're going - all the while bringing their own unique qualities, experiences, and expertise, in hopes of further changing the healthcare experience.

Devoted is an equal opportunity employer. We are committed to a safe and supportive work environment in which all employees have the opportunity to participate and contribute to the success of the business. We value diversity and collaboration. Individuals are respected for their skills, experience, and unique perspectives. This commitment is embodied in Devoted's Code of Conduct, our company values and the way we do business.

As an Equal Opportunity Employer, the Company does not discriminate on the basis of race, color, religion, sex, pregnancy status, marital status, national origin, disability, age, sexual orientation, veteran status, genetic information, gender identity, gender expression, or any other factor prohibited by law. Our management team is dedicated to this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, employee activities and general treatment during employment.