Senior Financial Analyst
Company: Massachusetts General Physicians' Organization
Location: Boston
Posted on: November 13, 2024
Job Description:
Reporting to the Finance Director of Radiation Oncology and the
Vice President of Radiation Oncology, the Senior Financial Analyst
will support the business and financial functions of the Department
of Radiation Oncology, comprised of over 16 cost centers and a net
service revenue of approx. $175M across the General Hospital and
Physician Organization.The Senior Financial Analyst will perform a
variety of analytical and technical functions, many of which are
highly visible. The incumbent must be able to meet the challenges
required in day-to-day duties as well as be a self-starter and seek
out additional initiatives over time. Knowledge of Excel and
excellent verbal/written communication skills are required for this
position.PRINCIPAL DUTIES AND RESPONSIBILITIES:
- Leads and manages the development of the annual hospital and PO
operating and capital budgets, ensuring that budgeted volume,
revenue, and expenses are reasonable.
- Documents assumptions made in developing those budgets.
- Must be able to articulate rationale and advocate for changes
to budget, both in writing and verbally.
- Analyzes General Hospital and Physician Organization operating
and capital budget performance throughout the year.
- Ensures FTEs and expenses remain on or under budget.
- Creates/updates monthly reports which include but are not
limited to: financial performance reporting, budget and revenue
forecasting, RVU modeling, billing cycle reconciliation.
- Reviews current performance results (charges, income, accounts
receivable, collection rates) and compare these to budget
projections and prior year performance.
- Uses Vision, Mosaiq, PeopleSoft, IPORT and other information
systems, as necessary, to monitor volume as it relates to financial
performance.
- Seeks, identifies, and implements opportunities for
efficiencies and expense reduction, utilizing strong communication
and change management skills.
- Works closely with the department's Director of Finance and
Professional Billing Office Liaison and monitors professional and
technical revenue. Initiates and participates in revenue
enhancement efforts, demonstrating a full and detailed
understanding of the department's revenue cycle for both
professional and technical revenue.
- Coordinates with all levels of the organization to manage
capital projects, including funding, project spending, timely
reconciliation and closeout.
- Ensures capital activity is compliant with accounting
principles, policies and regulations.
- Prepares return-on-investment analyses for proposed capital
projects, special projects, and strategic initiatives.
- Researches and develops budgets and financial analyses for new
business opportunities, working closely with the Finance Director
and Vice President, Radiation Oncology.
- Directly manages Chief-level sundry funds (-15 funds),
providing routine reporting on status and monitoring funds to
ensure they do not go into deficit.
- Serves as main departmental contact regarding finances to
external departments (MGPO and MGH Budget Offices, HMS Finance
Office, etc).
- Oversees and approves Peoplesoft EBuy transactions, including
Purchasing transactions and Employee Expense Reimbursement
requests.
- Is familiar with department's affiliate and external
relationships and contracts. Works with Vice President, Sr.
Director of Radiation Therapy, and the Office of General Counsel to
generate and/or update contracts as necessary.
- Oversees all Harvard Medical School funds (special teaching
allocations and chair funds) and the appropriation and management
of same on a routine basis.
- Assists with other management, budget, and ad hoc assignments
as required.
- Assists in the management of the Radiation Oncology faculty
compensation plan.
- Works in collaboration with the Cancer Center finance team to
support other projects/initiatives and to provide back-up as
needed.SKILLS & COMPETENCIES REQUIRED:
- Excellent financial and operational analysis skills.
- Solid understanding of healthcare billing, finance, and
accounting principles.
- Familiarity with Epic system and reports.
- Strong analytical and presentation skills.
- Excellent oral and written communications skills.
- Ability to present information and respond to questions from
multiple levels of staff.
- Ability to define problems, collect data, establish facts and
draw valid conclusions.
- Expert knowledge of accounting principles and practices as
applicable to health care and non-profit organizations.
- Excellent interpersonal skills, including strong customer
service orientation and problem resolution.
- Must be extremely well organized and have solid time management
skills.
- Self-motivated, inquisitive, resourceful, organized, and able
to take initiative.
- Comfortable operating in a complex, matrix organization with
minimal supervision.
- Exceptional judgment and discretion on sensitive fiscal and
confidential issues.
- Proficiency in Microsoft Office suite (Excel, Word, Access, and
Outlook) required.
- Basic SQL for extracting data from data warehouse.Massachusetts
General Hospital is an Affirmative Action Employer. By embracing
diverse skills, perspectives, and ideas, we choose to lead. All
qualified applicants will receive consideration for employment
without regard to race, color, religious creed, national origin,
sex, age, gender identity, disability, sexual orientation, military
service, genetic information, and/or other status protected under
law. We will ensure that all individuals with a disability are
provided a reasonable accommodation to participate in the job
application or interview process, to perform essential job
functions, and to receive other benefits and privileges of
employment.Primary LocationMGH Main
CampusJobFinance/AccountingOrganizationMassachusetts General
Hospital (MGH)ScheduleFull-timeStandard Hours: 40ShiftDay
JobEmployee StatusRegular
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Keywords: Massachusetts General Physicians' Organization, Revere , Senior Financial Analyst, Accounting, Auditing , Boston, Massachusetts
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