Beth Israel Lahey Health · 2 months ago
Sr Financial Analyst - HMFP (Hybrid)
Beth Israel Deaconess Medical Center
Full-time
Hybrid
Mid, Senior Level
$63K/yr - $85K/yr
3+ years expBeth Israel Lahey Health is a growing healthcare organization focused on making a difference in people’s lives. The Senior Financial Analyst is responsible for preparing financial statements, analyzing data, and supporting the budgeting process to improve overall operations and ensure proper allocation of revenues and expenses.
Elder CareHealth CareHospitalPrimary and Urgent CareProfessional ServicesTraining
Responsibilities
Assist in the preparation of the annual operating budget cycle for HMFP and affiliates which includes working with clinical Department staff to create detailed revenue and expense budgets by physician. Cultivate and maintain productive working relationships with internal and external customers
Prepare monthly Departmental budget variance analyses including analysis of causes of major variances for review with the Director of Finance and other key stakeholders
Generate financial analysis and pro-forma statements to support the strategic planning efforts of HMFP Corporate and the Departments
Conduct analysis (performance, variance and financial) as assigned. Create/update monthly reports which include but are not limited to, financial performance reporting, salary and FTE variance analyses, budget and revenue forecasting, and net patient service revenue reserve calculations
Provide assistance in transitioning to new financial reporting and budgeting system(s), which includes but is not limited to mapping data into to the new system and assisting in the development of new reports and testing/validating report functionality
Document and report the results of the Funds Flow process with BIDMC. As part of this process, consolidate and track changes to Funds Flow and support the Director of Finance in streamlining the process and how the results are presented to senior management on a yearly and monthly basis. Record the Funds Flow revenue in HMFP general ledger by department, by physician each month
Update systems periodically with budget/actual data between the budget system (Oracle Hyperion),the general ledger (EPICOR), and work force planning systems
Assist in the maintenance and design of the Oracle Hyperion budget system and the implementation of future enhancements and functionality
Meet aggressive deadlines (monthly close/reporting, monthly forecast, annual budget) and perform ad hoc projects related to accounting, budget, and finance as assigned. Serve as knowledge expert for Financial Analysts on routine issues and orient new personnel to internal processes and procedures
Manipulate and synthesize large financial data sets into concise actionable reports for management. Serve as the lead analyst in working with the Director of Finance to develop various modeling tools in Excel in order to drive greater insight into the finances of HMFP and the Departments
Qualification
Required
Bachelor's degree required
3-5 years related work experience required in an analytical role
Must be highly detail oriented and have strong analytical, communications and computer skills with a high aptitude to learn new systems and analytical tools
Demonstrated high level of professionalism and ability to work well in a team-focused environment
Advanced skills in financial reporting and budgeting applications (Oracle Hyperion preferred)
Advanced skills with Microsoft applications which may include Outlook, Word, Excel, PowerPoint or Access and other web-based applications. May produce complex documents, perform analysis and maintain databases
Preferred
1-2 years of experience in health care industry preferred
Company
Beth Israel Lahey Health
Beth Israel Lahey Health Center offers patient care, urgent care, assisted living, and research and education services.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Robert Fields
Chief Clinical Officer and Executive Vice President
Recent News
2026-01-25
Boston Globe
2025-11-24
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