Financial Analyst I

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Location: Burlington, MA
Job ID: 177849-1A
Date Posted: Sep 7, 2022
Category: Professional

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Job Description

Welcome To

Welcome to Shared Services, our team uses a coordinated approach to delivering administrative and operational services across Lahey. Our Shared Services colleagues leverage resources across the organization to ensure we provide high-quality, high-value care to the communities we proudly serve.  The Shared Services team includes colleagues who focus on business and network development, legal services, facilities and real estate, human resources, information technology, finance, philanthropy and marketing and communications.

 

About the Job

Under the general supervision of the Director of Financial Planning and Analysis, the Financial Analyst I performs duties in support of the financial operations of Beth Israel Lahey Health Primary Care. There is a wide breadth of data needs that are supported by this position which requires the ability to multi task, prioritize and work with others to complete assignments. A major component of the job responsibilities is the annual operating budget compilation, monthly budget to actual variance analysis and various monthly/ad hoc reporting.

Essential Duties & Responsibilities including but not limited to:

  1. Assist in the annual operating and capital budgeting process, including collection of financial information, validating integrity of data, creating supporting analysis, maintaining budgets within Workday, processing adjustments, reconciliations and reporting, and attending meetings with leadership (if necessary).
  2. Assist in preparation of monthly financial reporting package. Utilizing strong knowledge of all aspects of the data that goes into the month end report, reviews for accuracy, analyzes data, comparing to prior reports and assessing for accuracy. Prepares draft commentary and identifies potential trends/issues to be highlighted and addressed.
  3. Maintain monthly reporting files including: update Access database with payroll data loaded from PeopleSoft, produce panel reports out of EPIC system, update monthly volume forecast, and develop additional reports on an as needed basis.
  4. Analyze financial data and create financial models. Utilizing knowledge of Excel & Workday, analyze AWV’s for revenue optimization, identify trends & evaluate financial performance by comparing actual to forecasted results, identify and recommend actions in areas for process improvement.
  5. Consistently meet deliverable deadlines.
  6. Identify, investigate and define issues related to key projects.
  7. Complete special projects as assigned in a timely and accurate manner.
  8. Solid team player and comfortable dealing with confidential information.
  9. Cross train functions with Senior Financial Analyst as necessary to provide coverage.
  10. Other duties and projects as assigned.

Organizational Requirements:

  • Maintain strict adherence to the Lahey Health Confidentiality policy.
  • Incorporate Lahey Health Standards of Behavior and Guiding Principles into daily activities.
  • Comply with all Lahey Health Policies.
  • Comply with behavioral expectations of the department and Lahey Health.
  • Maintain courteous and effective interactions with colleagues and patients.
  • Demonstrate an understanding of the job description, performance expectations, and competency assessment.
  • Demonstrate a commitment toward meeting and exceeding the needs of our customers and consistently adheres to Customer Service standards.
  • Participate in departmental and/or interdepartmental quality improvement activities. 
  • Participate in and successfully completes Mandatory Education.
  • Perform all other duties as needed or directed to meet the needs of the department.

Minimum Qualifications:

Education: Bachelor’s degree in Finance, Business Administration or Accounting.

Experience: 1-3 years of Healthcare Finance preferred.

Skills, Knowledge & Abilities: Microsoft Excel, Word and Access; verbal and written communication skills;Hyperion, Epic and EPSI  knowledge a plus.

About Us

Beth Israel Lahey Health is dedicated to improving health and wellness and making a difference in the lives of our patients, their families and all members of the communities we serve.  Formed in March 2019, Beth Israel Lahey Health is a patient-centered, integrated care delivery system providing a continuum of services spanning academic, tertiary and community hospitals, dedicated orthopedic and psychiatric hospitals, primary and specialty care, community acute care, ambulatory care, behavioral services and home health.  Beth Israel Lahey Health Performance Network is a unified joint contracting and population health management organization, jointly governed by participating physicians and hospitals.

Equal Opportunity Employer/Minorities/Females/Disabled/Veterans.