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For Companies At a Glance
- Tasks: Conduct financial analysis, budgeting, and create reports for leadership.
- Company: ForHealth Consulting at UMass Chan Medical School focuses on healthcare finance solutions.
- Benefits: Enjoy remote work flexibility and opportunities for professional growth.
- Why this job: Join a dynamic team making impactful financial decisions in healthcare.
- Qualifications: Bachelor's degree in Finance or related field; 5-7 years of experience required.
- Other info: Ideal for those passionate about finance in the health sciences sector.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Join to apply for the Financial Analyst – ForHealth Consulting (REMOTE) role at ForHealth Consulting at UMass Chan Medical School.
The Financial Analyst will be responsible for conducting financial analysis, budgeting and planning, and the creation and presentation of financial statements, reports, and revenues, and reporting and metrics functions. The position will provide information to the leadership team on cost savings, cost analysis, financial management, financial metrics, and financial improvement opportunities. The Financial Analyst will also perform backfill support for data analysis needs. The Financial Analyst will report to the Director, Finance.
Responsibilities
- Assist the Director, Finance in monitoring and analyzing financial accounts on a monthly, quarterly, and annual basis.
- Support the Finance leadership team in providing market and margin analysis, pricing models, and cost development support services.
- Analyze financial information using queries, spreadsheets, databases and other reporting tools for trend analysis, forecasting, and financial ratios.
- Analyze trends, make financial projections, and assess financial risk.
- Produce financial reports for management, as needed or requested, including income statements, cash flow statements, and balance sheets.
- Conduct in-depth analysis of program data and performing computations with a high degree of independence.
- Collect, extract, analyze, and manage financial information.
- Ensure accuracy of reports by reviewing data and resolving discrepancies internally for assigned reports.
- Prepare reports and projections based on financial data, consolidating for leadership team.
- Create and submit journal entries and reports.
- Track and analyze revenue data.
- Participate in project meetings related to financial analysis, data analysis, and management.
- Support internal dashboards and reporting, including the review of dashboards created by other team members.
- Review and support DCS finance group team members as needed.
- Review and monitor compliance with the federal and state regulations.
Qualifications
- Required Education: Bachelors Degree in Finance, accounting, a related field, or equivalent experience
- Required Work Experience: 5 – 7 years of finance related experience
- Demonstrated Experience/skills In Appropriate Computer, Statistical, Or Database Applications: Demonstrated ability to write reports, analyze financial documents, journal articles, and/or other technical documents
- Excellent communication, both oral and written
- Interpersonal skills necessary to interact successfully with a wide range of individuals
- Proven analytical skills to process large amounts of information to find cost savings methods
- Ability to work independently and collaboratively
- Ability to recognize potential financial problems, engage in strategic planning and analysis of financial resources, markets, and products, assist management in making sound, profitable financial decisions
- Demonstrated experience using computer-based tools including word processing, databases, and advanced experience with Microsoft Excel
Preferred Qualifications
- Preferred Education: Masters Degree in Finance, accounting, or related field
- Certified Public Accountant (CPA) or equivalent certification(s)
Preferred Work Experience
- 6 – 8 years of experience in health sciences, healthcare, or disability services fields
The University of Massachusetts Chan Medical School welcomes all qualified applicants and complies with all state and federal anti-discrimination laws.
Seniority level
- Not Applicable
Employment type
- Full-time
Job function
- Finance and Sales
Industries
- Research Services
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Financial Analyst - ForHealth Consulting (REMOTE) employer: ForHealth Consulting at UMass Chan Medical School
Contact Detail:
ForHealth Consulting at UMass Chan Medical School Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Analyst - ForHealth Consulting (REMOTE)
✨Tip Number 1
Familiarise yourself with the healthcare finance landscape. Understanding the specific financial challenges and regulations in the health sciences sector will give you an edge during interviews and discussions.
✨Tip Number 2
Brush up on your Excel skills, especially advanced functions like pivot tables and VLOOKUP. Since the role requires extensive data analysis, showcasing your proficiency in these areas can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the finance and healthcare sectors. Engaging with industry peers can provide insights into the role and may even lead to referrals, increasing your chances of landing the job.
✨Tip Number 4
Prepare to discuss your experience with financial reporting and analysis in detail. Be ready to share specific examples of how you've contributed to cost savings or improved financial processes in previous roles.
We think you need these skills to ace Financial Analyst - ForHealth Consulting (REMOTE)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial analysis, budgeting, and reporting. Use keywords from the job description to demonstrate that you meet the qualifications.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses how your skills and experiences align with the responsibilities of the Financial Analyst role. Mention your ability to analyse financial data and support decision-making.
Showcase Analytical Skills: In your application, provide examples of how you've successfully used analytical tools and techniques in previous roles. Highlight any experience with financial projections and trend analysis.
Proofread Your Application: Before submitting, carefully proofread your application materials for any errors or inconsistencies. A polished application reflects attention to detail, which is crucial for a financial analyst.
How to prepare for a job interview at ForHealth Consulting at UMass Chan Medical School
✨Know Your Financial Metrics
Make sure you understand key financial metrics and how they apply to the role. Be prepared to discuss your experience with budgeting, forecasting, and financial analysis, as these are crucial for the Financial Analyst position.
✨Demonstrate Analytical Skills
Prepare examples of how you've used data analysis tools and techniques in previous roles. Highlight your ability to analyse trends and make projections, as this will show your potential employer that you can handle the responsibilities of the job.
✨Showcase Communication Skills
Since the role involves presenting financial reports to the leadership team, practice articulating complex financial information clearly and concisely. This will demonstrate your strong communication skills, which are essential for this position.
✨Familiarise Yourself with Compliance Regulations
Research federal and state regulations related to finance, especially in the healthcare sector. Being knowledgeable about compliance will show that you are proactive and understand the importance of adhering to legal standards in financial reporting.
