FINANCIAL ANALYST

Company: Brigham & Women's Hospital(BWH)
Location: Boston
Posted on: November 8, 2024

Job Description:

GENERAL SUMMARY/ OVERVIEW STATEMENT:

Reporting to the Finance Manager, the Financial Analyst will support Budgeting, Forecasting, Accounts Payable, Procurement, and Revenue Operations in the core finance function and conduct financial analysis/projects. This person will work closely with the Finance Manager and the Senior Grant Managers to understand and evaluate financial performance and financial issues facing Neurosurgery and Psychiatry.

PRINCIPAL DUTIES AND RESPONSIBILITIES

• Responsible for supporting the development of the department budget and tracking of the department's financial performance.
• Complete and manage all accounting tasks as part of the monthly close. Perform accounting activities in conjunction with BWPO and BWH finance departments to ensure accurate monthly application of revenue and expense.
• Manage accounts payable processing including all Purchase Orders, check requests, and reimbursement requests for the Department. Also manages all supply and equipment ordering for the Department and tracks inventory.
• Work closely with all physicians and staff to effectively communicate and educate them on the business expense policy. Responsible for managing departmental compliance to the PHS and BWPO guidelines.
• Create and track compensation billing agreements, generation and processing of invoices and expense reports, review of outstanding commitments, and monthly reporting of activity.
• Complete monthly fund and department reconciliations and submit corrections when needed.
• Tracking and processing of employee bonuses/incentive payments and special payments.
• Assist with the preparation of management reports submitted to Program teams and Executive Management.
• Support the Senior Grants Managers in pre- and post-award activities, financial analysis, billing, and invoicing.
• Support the Data Analytics Manager with financial and operational reporting and forecasting.
• Support the Revenue Cycle team with billing, referrals, and pre-authorization process. Attend monthly billing meetings.
• Prepare monthly invoices for billing outside organizations and manage vendor relationships, also tracks outstanding payments on AR Aging
• Assist with preparation of budget packages (internal and budget systems) and acts as a resource during the budget development process.
• Assist Finance Manager with strategic analyses in support of business decision-making.
• Provide financial support for departmental forecasts, analyze key performance indicators, and provide input for operational decisions.
• Assists with or leads special projects which are central to improving analytical tools, internal processes, and the overall management decision process.
• Other related projects and duties, as assigned. Qualifications
  
  QUALIFICATIONS
  • Bachelor's degree in Accounting, Finance, Business Administration or related field required; CPA or Master's Degree preferred.
  • Minimum of 1 - 3 years of relevant experience in healthcare, business or a related environment with fiscal responsibility, including budgeting, forecasting and cost/benefit analysis. JOB SPECIFIC SKILLS/ABILITIES/CONPETENCIES
    • Demonstrated problem solving skills.
    • Demonstrated computer skills, particularly with Excel. A test may be administered
    • A high degree of social facility in obtaining cooperation and support from a broad range of people.
    • Strong interpersonal skills, including customer service orientation
    • Able to take initiative, including knowledge of resources to answer questions and find required data and information.
    • Attention to detail.
    • Commitment to accuracy and integrity of all data, reports and communications.
    • Ability to effectively respond to extremely sensitive and confidential issues.
    • Ability to manage multiple tasks and re-establish priorities as necessary.
    • Excellent communication (both oral and written), collaboration and presentation skills.
    • Proficient in budgetary or accounting principles and practices, including the ability to prepare, interpret and analyze financial statements, forecasts and cash flow analyses.
    • A demonstrated ability to be a self-starter with the ability to excel in a fast paced and deadline oriented environment. Must be a team player and willing to take on additional challenges if needed.
    • Proficient in Microsoft Office (advanced Excel skills) with a working knowledge of financial systems operations.
    • --- Knowledge of standard PHS systems (Workday, EPIC, Insight) a plus.
      
      EEO Statement
      
      Brigham and Women's Hospital is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, ancestry, age, veteran status, disability unrelated to job requirements, genetic information, military service, or other protected status.

Keywords: Brigham & Women's Hospital(BWH), Quincy , FINANCIAL ANALYST, Accounting, Auditing , Boston, Massachusetts