Financial Analyst II

Tufts Medical Center - Boston, MA

Full-time - Mid Level

Boston, MA

Ambulatory Health Care Services

About the position

The Financial Analyst II role at Tufts Medical Center focuses on performing a variety of financial activities, including accounting, financial analysis, audit, tax, and collections, while ensuring compliance with regulatory standards. This position is responsible for financial planning and analysis, including short and long-term financial planning, financial modeling, and providing timely financial analysis and reporting to support organizational decision-making. The role requires advanced knowledge and experience in financial analysis, particularly within the healthcare sector, and involves overseeing processes, mentoring junior team members, and collaborating with various departments.

Responsibilities

• Maintains the budget and forecasting system and related database.
• Produces assigned management reports at various intervals using the budget and forecasting system, general ledger financial reporting, and the patient billing system.
• Assists in the development of financial analysis to support new business proposals and potential service line expansions.
• Conducts financial profitability analysis to support operations and management decisions.
• Presents information in succinct formats for senior leaders and assists in formulating action plans based on data.
• Reports key volume statistics and metrics for the system.
• Oversees, trains, and mentors junior team members in budget/planning functions and special projects.
• Trains budget system users on budget entry and reporting functionality.
• Leads system improvement and/or implementation of new technology.
• Responds to ad hoc financial analyses and special projects as required.
• Works with department managers on financial analysis for new and existing programs, including compensation and productivity benchmarking.
• Documents workflow and processes for standardization and improvement.
• Provides accounting support including general ledger entry posting and reconciliations.
• Generates and presents monthly actual to budget variance analysis in collaboration with the Accounting department.
• Maintains general ledger financial reports and updates for new accounts and cost centers.
• Maintains collaborative team relationships to contribute to the working group's goals.
• May assist in the development of the five-year financial plan that ties to the Corporate Strategic plan.
• May assist in maintaining the Decision Support System (DSS) and ensure data integrity.

Requirements

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

Nice-to-haves

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

Benefits

• Health insurance
• Dental insurance
• 401k retirement plan
• Paid holidays
• Flexible scheduling
• Professional development opportunities