The Senior Financial Analyst role at UMass Memorial Health Care is an onsite position in Worcester, MA. This role focuses on collecting and interpreting financial data to support operating and capital budgets, forecasts, and performance metrics, while collaborating with executives and managers across the system.
Responsibilities
- Collaborates with customers, managers, vice presidents and administrators to proactively understand needs, resolve inquiries, and provide training on multiple financial systems and reports.
- Develops strong working proficiency with forecasting and budgeting software, supporting efficient navigation and assisting with system quality assurance, testing, and maintenance as needed.
- Conducts ad hoc and routine variance analyses and audits, working with stakeholders to implement corrective actions to meet financial targets.
- Extracts data from financial systems as required, and designs, prepares, and reviews scheduled and ad hoc reports for presentation and ongoing evaluation.
- Performs additional duties such as identifying forecasting assumptions, assisting with the annual operating plan, and reconciling data from multiple financial systems.
- Participates in committees and work teams on budget-related projects; may assist management with feasibility studies, market analysis and business plans.
- Trains and mentors other Financial Analysts.
- May manage external contracts and revenues, including contract analysis, income review, funding, grant monies, cash collection and invoicing.
- May process DEFAs and change forms, resolve payroll discrepancies with the Medical Group and Medical School, coordinate moonlighting and sign-on related reimbursements, and oversee departmental purchasing and payables documents.
Education and Experience
- Education: Bachelor’s degree with a major or concentration in Health Care Administration, Math, Data Science, Economics, Finance, Accounting or related field. An MBA in Finance is preferred.
- Experience: Minimum of 2 years of directly relevant work experience in finance.
- Knowledge and Skills: Understanding of financial management concepts; ability to contribute to financial plan development; familiarity with accounting principles and financial statements.
- Technical: Proficient in Microsoft Office Suite with advanced Excel modeling; strong analytical and interpersonal abilities; capable of presenting solutions to non-financial managers and managing multiple projects.
- Preferred: MBA in Finance; knowledge of discounted cash flows; familiarity with hospital or healthcare delivery systems, forecasting and budgeting; broad experience with computer-based financial techniques.
Technologies
- Microsoft Excel
- Microsoft PowerPoint
- Microsoft Word
- Microsoft Access
- Microsoft Project
Compensation
Hourly wage range: USD 31.31 to 56.35. Final offer may vary within this range based on experience, skills, qualifications and internal equity considerations.
Schedule and Location
Location: Worcester, MA onsite.
Work days: Thursday and Tuesday.
Scheduled hours: 8:00 AM to 4:00 PM.
Shift: Day shift, 8 hours.
Employment Status
Exemption status: Non-Exempt.
Cost Center
34000 - 1035 Anesthesiology Admin
Benefits
Signing bonus may be available; eligibility confirmed during interview.
Culture and Equality
UMass Memorial Health Care promotes a culture of care, recognizing that everyone is a caregiver. The organization upholds six Standards of Respect: Acknowledge, Listen, Communicate, Be Responsive, Be a Team Player and Be Kind.
Equal Opportunity
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, protected veteran status or other status protected by law.
Disability Accommodation
If you are unable to submit an application due to incompatible assistive technology or a disability, please contact talentacquisition@umassmemorial.org for disability assistance.
