Massachusetts Eye and Ear Infirmary SENIOR FINANCIAL ANALYST in Boston, Massachusetts
Description Mass. Eye and Ear is a Harvard Medical School teaching hospital and home to the world's largest vision and hearing research centers. US News and World Report ranks Mass. Eye and Ear #1 in the nation for Ear, Nose, Throat, Head and Neck care and #1 in the Northeast for Eye care in the 2015-16 'Best Hospital' rankings. The Senior Financial Analyst will work to ensure Mass. Eye and Ear’s fiscal health – a critical ingredient in accomplishing our organization’s mission: providing exceptional clinical care, conducting cutting-edge translational and bench research, and teaching tomorrow’s leaders and today’s medical community.
Under the direction of the Senior Manager of Budget and Financial Reporting, the Senior Financial Analyst will have the responsibility for all areas of analysis related to the Consolidated Budget and the Decision Support System (Cost Model). The Senior Analyst will also be responsible for variance reporting and assisting department managers in understanding the major drivers and their impact on the P&L.;
- Operating Budget Preparation and Variance Analysis
Provide assistance and training to department managers to facilitate their preparation of budgets.
Analyze and summarize budgets by cost center. Summarize divergences to budget targets
Perform statistical analyses of historical labor, medical supplies and drugs to volume benchmarks in order to make budget recommendations to senior management
Prepare monthly spread of the final budget
Conducts cost-benefit analyses as required to assist in making management decisions regarding benefits of current and proposed program proposals, capital budgets, etc.; creates financial models
Develop, organize and maintain accurate records of budget correspondence and data.
Verify the completeness and accuracy of budgetary information and data.
- Strategic Profitability Cost Analysis
Assist with annual cost accounting related to operating room and patient floors
Evaluate and improve patient allocation methodologies.
Analyze costs by procedure to understand the major drivers (i.e., time, supplies, drugs)
Utilize the reporting tool in Epic. Build reports for end users.
Prepare monthly report on itemized medical supplies by operating procedure, and analyze for cost trends
Perform database queries as requested by department managers to help them to improve net revenue, or reduce expenses.
- Variance Analysis
Perform periodic review of actual performance compared to budget. Suggest changes to budget assumptions, as needed.
Perform trend analysis, using procedure volume and other indicators.
Requirements Bachelor of Science or Bachelor of Business Administration, with major in accounting, finance or economics, and three to five years of financial experience.
Must be able to communicate with staff at all levels and to effectively interact with varying personality types. Must be flexible and adaptable to organizational change. Must be able to take initiative and to identify/solve problems and process improvements. Must be able to perform financial, statistical, comparative analyses of budgetary documentation and data and make timely and sound conclusions and recommendations. Perform accurate mathematical calculations. Prepare clear, concise and complete reports and other written materials. Candidate must be proficient in MS Word, Access, Excel, MS Outlook and Power Point. Experience with SQL a Plus. Possess excellent analytical and communication skills.
Requisition Number: 16-0206
Post Date: 6/17/2016
Title: SENIOR FINANCIAL ANALYST
Hours Per Week: 40