Junior Financial Analyst

Junior Financial Analyst

The Junior Financial Analyst will support the finance and operations teams of Somnia Inc. by assisting with financial reporting, variance analysis, budgeting support, cost-plus reconciliations, and site-level performance tracking. This role is designed for an early-career finance professional who is detail-oriented, eager to learn healthcare operations, and comfortable working with financial data, Excel-based models, and cross-functional stakeholders. The analyst will help translate operational and financial information into clear reporting that supports practice management, hospital partnerships, and leadership decision-making.

Responsibilities

Responsibilities:

• Assist with preparation and maintenance of cost-plus reconciliations for anesthesia service arrangements, ensuring supporting schedules are accurate, complete, and organized.
• Support site-level financial analysis across practice locations, including revenue, provider costs, staffing assumptions, subsidies, direct expenses, and overhead allocations.
• Prepare monthly variance analysis comparing actual results to budget, forecast, and prior periods, with guidance from senior finance team members.
• Help maintain recurring financial reporting packages, dashboards, and schedules used to monitor performance by location and across the organization.
• Support the annual budgeting and forecasting processes by gathering inputs, updating templates, validating assumptions, and summarizing changes.
• Analyze operational drivers such as case volume, provider staffing, payer mix, contract terms, and facility-level trends to help explain financial results.
• Work with finance, accounting, revenue cycle, and operations teams to collect information, resolve questions, and improve the accuracy of reporting.
• Update and maintain Excel-based financial models, reporting templates, and analytical tools under the direction of the finance team.
• Assist with ad hoc analysis related to new site launches, contract renewals, staffing changes, provider compensation, and strategic initiatives.
• Review financial and operational data for completeness, consistency, and potential errors before reports are distributed.
• Prepare clear summaries, schedules, and presentation materials that communicate financial trends to both finance and non-finance stakeholders.
• Develop a working understanding of anesthesia operations, including provider coverage models, hospital-based service arrangements, and key profitability drivers.

Qualifications

Skills / Qualifications:

• Strong Microsoft Excel skills, including formulas, pivot tables, lookups, formatting, data organization, and basic financial modeling.
• Foundational understanding of financial statements, budgeting, variance analysis, and business performance metrics.
• Strong attention to detail, intellectual curiosity, and willingness to learn healthcare finance and anesthesia practice operations.
• Ability to manage multiple tasks, meet deadlines, and communicate clearly with team members and business partners.

Education/Experience:

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, Healthcare Administration, or a related field required.
• 02 years of experience in financial analysis, accounting, FP&A, healthcare finance, internship experience, or a related analytical role.
• Internship or entry-level experience in healthcare, physician practice management, hospital operations, accounting, FP&A, or consulting.
• Exposure to cost-plus arrangements, management services agreements, provider compensation models, or hospital subsidy structures.
• Experience with accounting systems, budgeting tools, business intelligence platforms, or data visualization tools.
• Interest in learning about revenue cycle, payer mix, case volume, staffing utilization, and operational performance in healthcare settings.