Senior Budget Analyst - Hybrid Model

Tufts Medicine - Tyngsborough, MA

Full-time - Senior

Tyngsborough, MA

Ambulatory Health Care Services

About the position

The Senior Budget Analyst role at Tufts Medicine 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 managing spending, analyzing healthcare operational data, and developing budget recommendations. It requires advanced knowledge and experience in finance and budgeting within a complex healthcare organization, and involves collaboration with various departments to support financial planning and reporting.

Responsibilities

• Assists with preparation of annual operating budgets and capital budgets for all business units.
• Translates developing processes and software/system rollouts into recommended actionable plans.
• Collaborates with leaders and key stakeholders to develop organizational and department-level budgets and rolling forecasts.
• Reviews reports and proposals for accuracy and compliance within budget standards.
• Assists in the preparation of the annual capital budget process.
• Works closely with Senior Management and department leaders to support the capital budget and cash flow impact.
• Vets budget requests throughout the organization for merit and authenticity.
• Monitors spending to keep the organization within its determined budget.
• Prepares financial reports and utilizes data to estimate future financial needs and make recommendations.
• Oversees and trains less experienced staff in budget/planning functions and special projects.
• Educates department directors and senior leaders on dynamic planning and variance analysis tools.
• Identifies causes of budget variances and reports potential impacts on operating results to management.
• Consolidates the organization's budgets for review with senior leadership.
• Defends budget recommendations with data and evidence-based analyses.
• Maintains productive working relationships with internal and external customers.
• Prepares various financial analyses for the Financial Leadership Team in preparation for committee and board meetings.
• Assists with preparing monthly accounting and productivity monitoring for the hospitals.
• Prepares required filings of third-party cost reports and regulatory agency reports.
• Responds to ad hoc financial analyses and special projects as required.
• Maintains budget and forecasting tools as needed.

Requirements

• Bachelor's degree in Accounting, Finance, or a related financial field.
• Five (5) years of finance and budget experience in a complex, matrixed healthcare organization.

Nice-to-haves

• Experience with Dynamic Planning platform.
• Strong teamwork experience.