As a not-for-profit organization, Mass General Brigham is committed to supporting patient care, research, teaching, and service to the community by leading innovation across our system. Founded by Brigham and Women's Hospital and Massachusetts General Hospital, Mass General Brigham supports a complete continuum of care including community and specialty hospitals, a managed care organization, a physician network, community health centers, home care, and other health-related entities. Several of our hospitals are teaching affiliates of Harvard Medical School, and our system is a national leader in biomedical research.
We're focused on a people-first culture for our system's patients and our professional family. That's why we provide our employees with more ways to achieve their potential. Mass General Brigham is committed to aligning our employees' personal aspirations with projects that match their capabilities and creating a culture that empowers our managers to become trusted mentors. We support each member of our team to own their personal development-and we recognize success at every step.
Our employees use the Mass General Brigham values to govern decisions, actions and behaviors. These values guide how we get our work done: Patients, Affordability, Accountability & Service Commitment, Decisiveness, Innovation & Thoughtful Risk; and how we treat each other: Diversity & Inclusion, Integrity & Respect, Learning, Continuous Improvement & Personal Growth, Teamwork & Collaboration.
The Population Health Management (PHM) department at Mass General Brigham aims to deliver health and healthcare for all by translating the evolving needs of the healthcare landscape into innovative solutions to better serve individuals, communities, and organizations.
In the healthcare industry, we are in a time like no other. Experts estimate that healthcare will evolve more in the next few years than it has in the last 50 years. We have seen governments, employers, and families struggle in the face of rising healthcare costs and a fragmented healthcare system. Patients and communities need more convenient, more affordable, and higher quality care.
We are building a team that can reimagine healthcare and design care models that meet the needs of the people we serve. We are bringing a fresh perspective and a unique approach to create impact for the greater good. By bringing together people from various disciplines and ideas from different industries, we're seeking to address the complex challenges within our healthcare system and leaning forward into a new era of healthcare.
The PHM finance team supports PHM leadership in financial modeling and assessment for programs, budget analysis, and financial reporting. The team manages multiple budgets including PHM Funded, Value-Based Care, Medicaid ACO, and new initiatives. A key component of the teams' success is understanding the programs and supporting PHM and RSO leadership in the financial funding and expense reconciliation.
The Sr. Financial Analyst is an integral member of PHM's financial team, assisting in developing financial reports, analyzing monthly financial activity, and supporting Program Leaders in financial-related projects. This position will also develop and utilize financial models to assess the financial impact of current and potential future programs.
Duties & Responsibilities
Assist in the annual budget process with PHM budget owners and leadership to develop yearly budgets for expenses and ftes by cost center
Responsible for entering annual budgets in Hyperion, coordinate all alignments and updates with the MGB Budget office and validate all data entered in Hyperion
Assist PHM Program Leaders in interpreting monthly financial data and answer related financial questions
Develop and maintain detailed knowledge of PHM Funded and Value-Based Care programs
Participate in monthly close meetings
Coordinate and lead quarterly financial meetings with program owners
Work with program owners to forecast year-end projections and determine variances
Produce, analyze, and distribute monthly financial reports for PHM cost centers
Prepare monthly journal entries as needed
Work independently on internal inquiries and ad hoc projects as necessary
Process Improvement and Customer Relations
Contribute to the development and enhancement of RSO reporting
Design potential process improvements and analyses to support streamlining financial procedures, reporting requirements, and budget processing.
Develop effective relations within PHM, MGB Budget Office, and financial liaisons across the MGB entities
Financial Analysis and Modeling
Develop and expand existing excel models for assessing the financial impact of proposed and ongoing PHM programs
Develop in conjunction with PHM leadership scenario modeling using claims-based, clinical, and financial data and acquiring data in cooperation with program team leaders and support staff
Utilize the customized multi-year budget forecasting model to assist in budget builds for programs and entities funded by PHM
Provide comprehensive financial analysis and projections for actual and budgeted expenditures.
Perform trend analysis by account type for salary, FTE, and non-salary expenses on a monthly, quarterly, and yearly basis
Use Mass General Brigham healthcare values to govern decisions, actions, and behaviors
These values govern how we get our work done: Patients, Affordability, Accountability & Service Commitment, Decisiveness, Innovation & Thoughtful Risk; and how we treat each other: Diversity & Inclusion, Integrity & Respect, Learning, Continuous Improvement & Personal Growth, Teamwork & Collaboration
Works independently on ad hoc projects as necessary and other duties as assigned
Bachelor's degree required in Finance, Accounting, or related discipline
Minimum of 5+ years experience in financial modeling, budgeting, financial analysis, or cost accounting
Proficient with MS Office Suite with advanced skills in Excel and Access
Experience in a healthcare setting
Financial modeling experience is strongly preferred
A combination of education and experience may be substituted for requirements
Superior analytic and problem-solving skills with a high value in data integrity and analytic accuracy
Ability to conduct detailed analysis as well as distill relevant findings for presentation to a high-level audience
Ability to multitask and prioritize multiple project requests simultaneously
Uses logic and a mixture of analysis, experience, and judgment to make sound decisions when faced with problems/barriers to moving projects forward
Approach to work that balances big picture with an appropriate level of analytical detail to create impactful deliverables
Demonstrated analytic, organizational, and problem-solving skills
Mass General Brigham is an Equal Opportunity 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.