Financial Analyst III

Financial Analyst III | Boston Childrens Hospital

Position Summary Monitors the Hospital's operating budget. Performs complex accounting and budgeting functions, and conducts financial, statistical and analytical studies. Prepares and assists in the preparation of financial reports and statements according to prescribed guidelines. Designs and develops database programs and performs financial analytics. Position may reside in accounting, budget, a specific functional department within finance or a department's management team.

Key Responsibilities

• Performs detailed analyses of various general ledgers accounts, Hospital operating budget, and selected cost centers, as assigned. Performs account reconciliations and reviews activity for accuracy, completeness, reasonableness, interpreting trends or deviations and making recommendations for corrective action.
• Reviews Hospital/physician service contracts and fee schedules, if assigned. Prepares appropriate analyses for review by committee. Makes recommendations regarding contract terms and fees.
• Facilitates the implementation of the Joint Contracting Organization's (JCO) managed care strategy for specific managed care contracts, if required in position. Identifies and strives to find ways to improve the operational efficiency of the Hospital's managed care contracting relationships.
• Collects data and develops pricing of new programs and services consistent with the hospital's pricing policy, if required in the position. Evaluates financial impact of pricing initiatives and presents impacts to Manager.
• Designs programs and maintains databases to support and/produce various reporting, filing of third party cost reports and requests for ad hoc analysis. Contacts other departments within the hospital to analyze and improve the quality and integrity of the databases and related programs. Develops methodologies and internal reporting systems to gather and compile the required data.
• Prepares various financial transactions, reports, and analyses related to the assigned function, which may include: operating financial statement, operating budget, intercompany activity, financial analytics, and other sub ledger activity and schedules. Presents financial statements to the Finance Committee and other Hospital wide or departmental senior managers.
• Develops and prepares a variety of ad-hoc reporting, financial models and analyses to senior management as requested or as deemed necessary.
• Works with department managers to educate, advise, interpret the relationship of processes to reports; trouble shoot, resolve problems, and reconcile balances, including providing written analyses, explanations and interpretations of all aspects of financial and budgeting processes.
• Researches and analyzes financial data for internal and external clients, creates, organizes, and maintains files using database and spreadsheet programs; retrieves and organizes data into required reporting formats; collects, retrieves and organizes data to identify financial discrepancies and resolve inquiries; recommends solutions and ensures that corrections or changes are implemented properly.
• Staffs finance-related Committees, as required.

Knowledge and Skills

• Analytical skills to collect information from diverse sources, apply professional principles in performing various analyses, and summarize the information and data in order to solve problems or design relatively complex systems and programs that cross department/divisional lines.
• Ability to communicate effectively both orally and in writing and provide empathy in difficult interpersonal situations.
• Proficiency with MS Office applications, in particular Excel and Access.

Education

• Bachelor's Degree

Experience

• 3 years of related experience

Status

Full-Time

Regular

Standard Hours per Week

40

Pay Range

$78540.80-$125652.80 Annual

Office/Site Location

Boston

Job Posting Category

Accounting/Finance

Remote Eligibility

Part Remote/Hybrid