Financial Business Analyst

About the position

The Financial Analyst will take ownership of the financial health of our organization, working directly with senior management to analyze key metrics, develop robust financial models, and create strategies that drive sustainable growth. This role requires a proactive, solution-oriented mindset and the ability to build and manage a structured collections process to ensure timely payment from our clients.

Responsibilities

• Prepare, review, and analyze monthly, quarterly, and annual financial statements (P&L, balance sheet, cash flow) for accuracy and insights.
• Generate regular reporting on operational and financial KPIs, highlighting trends and opportunities for improvement.
• Conduct variance analysis to identify deviations from budgets and forecasts; propose corrective measures.
• Lead the annual budgeting process, working with department heads to develop realistic, data-driven budgets and ensure alignment with strategic goals.
• Build and maintain financial models to project cash flow, revenue, and profitability; monitor performance against these forecasts.
• Collaborate across business segments and functions to provide financial guidance on key business decisions and initiatives.
• Build relationships across centralized functions and group accounting to ensure proper reporting and financial management.
• Perform in-depth profitability and cost analyses to identify cost savings, process improvements, and investment opportunities.
• Present findings and recommendations to executive leadership, contributing to long-term strategic planning.
• Ensure invoices are applied correctly and in a timely manner.
• Ensure proper coding, working closely with those putting in POs.
• Develop and implement a structured collections process to ensure timely invoicing and payment from clients.
• Monitor accounts receivable aging and proactively address outstanding balances; work closely with internal stakeholders and clients to resolve billing discrepancies.
• Track and report on cash flow impacts related to outstanding invoices and develop strategies to mitigate risks.
• Identify and recommend process improvements in financial operations, including billing, collections, and reporting to improve efficiency and accuracy.
• Ensure compliance with relevant accounting standards and company policies; recommend and implement internal controls where needed.
• Support special projects such as financial system implementations, mergers/acquisitions, or cost optimization initiatives.

Requirements

• Bachelor's degree in Finance, Accounting, or related field; MBA or CPA/CMA preferred.
• 4-6+ years of progressive experience in financial analysis, budgeting, forecasting, and/or accounting.
• Experience in a client services or laboratory environment is a plus.
• Proficiency with financial modeling and analysis tools (e.g., Excel, Google Sheets, PowerBI).
• Familiarity with accounting software (e.g., Oracle, Coupa, GreatPlains) and ERP systems.
• Solid understanding of GAAP and financial statement preparation.
• Demonstrated ability to set up or improve a collections process, resolve overdue payments, and manage client billing cycles.
• Strong quantitative and analytical skills; can translate data into actionable recommendations.
• Excellent written and verbal communication skills; ability to present complex financial concepts to non-finance stakeholders.
• Collaborative mindset with the ability to work cross-functionally and build strong relationships at all levels of the organization.

Benefits

• Comprehensive medical coverage
• Dental and vision options
• Life and disability insurance
• 401(k) with company match
• Paid vacation and holidays