Sr. Financial Analyst

Job Description

Job Description

Position Overview:

Contract Position - long term / on-going
Location: Quincy, MA (1 day per week onsite is preferred / 4 days per week remote)

Our client is seeking an experienced Senior Financial Analyst to support the financial management of the IT portfolio. This position combines advanced financial analysis with project management disciplines to coordinate budgeting, forecasting, financial reporting, expenditure monitoring, and financial process improvement activities across multiple technology programs and funding sources.
The successful candidate will serve as the primary financial resource for assigned IT programs and initiatives, providing detailed financial analysis, budget development, expenditure forecasting, and reporting while ensuring compliance with applicable federal financial requirements. The position requires exceptional analytical skills, sound financial judgment, and the ability to organize and coordinate complex financial activities involving multiple stakeholders, funding sources, contracts, and program priorities.
The successful candidate will be expected to work independently, establish productive working relationships quickly, and contribute immediately to ongoing financial management activities with minimal onboarding.
Working collaboratively with IT leadership, program managers, and other administrative partners, the Senior Financial Analyst will help ensure the effective stewardship of public resources through accurate financial reporting, consistent financial processes, and proactive fiscal management.
Although the position applies project management principles to coordinate finance-related activities across multiple programs, its primary focus is financial analysis, budgeting, reporting, forecasting, and continuous improvement of financial management processes.
The position is primarily remote, with occasional on-site attendance required based on business needs.

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Primary Responsibilities
Financial Planning, Budget Development, and Forecasting

• Lead the development, coordination, and ongoing monitoring of operating budgets, spending plans, and financial forecasts for assigned MassHealth IT programs.
• Analyze budget-to-actual performance and recommend appropriate adjustments based on expenditure trends, funding availability, operational priorities, and program requirements.
• Develop financial projections and expenditure forecasts to support annual budgets, fiscal planning activities, and federal Advance Planning Documents (APDs).
• Monitor expenditures across multiple appropriations, contracts, funding sources, and technology initiatives to ensure responsible financial management.
• Support fiscal year closeout activities, including expenditure reconciliation and budget adjustments.

Financial Analysis and Reporting

• Analyze complex financial data to identify trends, variances, and emerging risks, and provide actionable recommendations that support operational and financial decision-making.
• Prepare recurring and ad hoc financial reports, expenditure analyses, forecasts, and budget variance reports for executive leadership and program management.
• Develop and maintain standardized financial reporting templates, dashboards, and tracking tools that improve consistency and transparency across IT.
• Analyze expenditure data using financial systems and reporting tools; perform reconciliations and validate financial information to ensure the accuracy and integrity of financial reporting.
• Prepare reports supporting state and federal reporting requirements and financial oversight activities.
• Recommend and implement improvements to financial processes, reporting practices, and internal controls.
• Coordinate recurring financial reporting, budget, and funding deliverables to ensure timely completion and compliance with established deadlines.

Program Financial Management, Coordination, and Compliance

• Serve as the primary financial liaison between executive offices and IT programs.
• Lead financial activities supporting annual operating budgets, spending plans, expenditure requests, and federal funding submissions for the HIX system and other assigned IT programs.
• Support the preparation and submission of federal funding documentation, including Advance Planning Documents (APDs), by providing financial analysis, expenditure projections, and supporting documentation.
• Review vendor invoices and supporting documentation to verify consistency with contractual requirements, authorized expenditures, and available funding.
• Monitor contract expendi