Financial Analyst I
Financial Analyst I
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Mass General Brigham relies on a wide range of professionals including doctors nurses business people tech experts researchers and systems analysts to advance our mission. As a not-for-profit we support patient care research teaching and community service striving to provide exceptional care. We believe that high-performing teams drive groundbreaking medical discoveries and invite all applicants to join us and experience what it means to be part of Mass General Brigham.
Job Summary
Under the guidance and supervision of the Boston Bleeding Disorders Center (BBDC) Program Director the Financial Analyst is responsible for providing ongoing financial support for the Division of Hematologys 340B program the Boston Bleeding Disorders Center Factor Program (BBDCFP). The Financial Analysts key areas of responsibility will include financial analysis weekly / monthly reporting accounts receivable / payable oversight regulatory compliance and auditing. The Financial Analyst may be asked to assist in additional areas of the BBDC when needed.This position is hybrid (2 days on-site 3 days remote).
Qualifications
Principal Duties and Responsibilities
1. Monitors contractual agreements with vendors and tracks payment of invoices via Accounts Payable. When needed troubleshoots any payment issues with vendors and/or Accounts Payable.
2. Generates annual Purchase Orders for vendors and manufacturers.
3. Creates / updates monthly reports which include but are not limited to: Cost of Goods Sold Sales Price of Goods Sold Inventory report A/R report month-end accruals Factor sales vs. IPORT charge activity with detailed explanation of variances.
4. Collects compiles and conducts analysis (performance variance and financial) pertaining to the finances of the BBDCFP.
5. Assists in the preparation of the annual income report for the Maternal and Child Health Bureau per grant guidelines.
6. Maintains updated product pricing schedules which are provided to the programs contract pharmacy on a quarterly basis (or as needed).
7. Works closely with Operations Manager Medical Director Administrative Director Program Director and Mass General Brigham Contracting to develop pricing policy analysis of cost/price margin and provides input into the development of contracts with third party payers.
8. Participates in annual Policies & Procedures review to ensure that the Program is in compliance with 340B standards.
9. Prepares and submits monthly reports to the Hemophilia Alliance detailing quantities of factor products shipped to patients.
10. Updates pharmacy portal with invoice copies for one of the programs contract pharmacies. Reviews portal reports from contract pharmacy to ensure data integrity and accurate invoicing.
11. Evaluates patient eligibility for compliance with program policies by reviewing patient medical records insurance plans and enrollment status.
12. Participates in internal and external 340B audits for the BBDC. This may involve presenting and resolving reconciliation issues as they arise during the monitoring and reconciliation process.
13. Maintains an orderly archive of reports for compliance and audit purposes. 14. Develops a thorough understanding of the 340B program. Strives to consistently improve the overall efficiency value and internal support of the 340B program.
15. Prepares ad hoc financial analysis reports as needed.
Qualifications
- Bachelors degree in business accounting finance healthcare or related field required.
- Master of Business Administration (MBA) Master of Health Administration (MHA) or related graduate level degree a plus.
- 2 Years of compliance business finance accounting or related experience preferred.
- Direct experience in financial or compliance auditing a plus.
Skills and Abilities Required
Ability to compile comprehend and analyze financial data. Proficiency with MS Office applications (especially Excel) and ability to learn new systems as needed. Excellent verbal and written communication skills. Ability to effectively navigate a complex organization.
Working Conditions
Flexibility of work hours may be required. Works under constant time deadlines.
Additional Job Details (if applicable)
Hospital Wide Responsibilities
Works within legal regulatory accreditation and ethical practice standards relevant to the position and as established by BWH/Partners; follows safe practices required for the position; complies with appropriate BWH and Partners policies and procedures; fulfills any training required by BWH and/or Partners as appropriate; brings potential matters of non-compliance to the attention of the supervisor or other appropriate hospital staff.
The above statements are intended to describe the general nature and level of work being performed by people within this classification. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
Remote Type
Work Location
Scheduled Weekly Hours
Employee Type
Work Shift
Pay Range
$52000.00 - $74401.60/AnnualGrade
5EEO Statement:
Mass General Brigham Competency Framework
At Mass General Brigham our competency framework defines what effective leadership looks like by specifying which behaviors are most critical for successful performance at each job level. The framework is comprised of ten competencies (half People-Focused half Performance-Focused) and are defined by observable and measurable skills and behaviors that contribute to workplace effectiveness and career success. These competencies are used to evaluate performance make hiring decisions identify development needs mobilize employees across our system and establish a strong talent pipeline.
Required Experience:
IC
Employment Type
Full-Time
