Financial Analyst II

Location: Commerce Place

Work Days: 830am to 5pm

Category: Professional and Management

Department: Financial Analytics Reporting Budgeting

Job Type: Full time

Work Shift: Day

Hours/Week: 40.00

Union Name: Non Union

The Financial Analyst provides critical support in financial reporting, variance analysis, and budgeting for Cambridge Health Alliance, a nonprofit safety net hospital system. This role assists in the monthly financial close process, service line financial reviews, and the annual budget process. The analyst will work closely with senior finance team members to ensure accurate financial data, provide insights on key performance metrics, and help drive informed decision-making. This position is ideal for someone looking to develop their analytical and financial skills while gaining experience in healthcare finance.

Financial Close & Variance Analysis

• Assist in preparing journal entries for reclassifications and accruals as part of the monthly financial close process.
• Perform basic variance analysis on financial results, focusing on non-staff expenses and operational trends.
• Support reconciliations and ensure accuracy of financial data, working under the guidance of the Senior Financial Analyst.
  
  

Financial Reporting & Service Line Support

• Compile financial reports and dashboards for service line leaders, ensuring accuracy and clarity in data presentation.
• Research discrepancies and trends in financial performance, providing insights to senior finance team members.
• Organize and lead meetings with service line stakeholders to present financial performance reports, explain key expense drivers, and facilitate collaborative discussion on budget and operational issues.
• Support monthly financial performance reviews by preparing key reports and assisting in meetings with service line leaders.
  
  

Budgeting & Forecasting

• Assist in gathering, organizing, and validating financial data for the annual budget process.
• Prepare budget templates and reports to facilitate decision-making for service line leaders.
• Help track and update budget projections, ensuring alignment with financial targets.
• Bachelor's degree in Finance, Accounting, Economics, or a related field
  
  

Qualifications

• 1-3 years of financial analysis, accounting, or related experience (healthcare or nonprofit experience preferred)
• Basic knowledge of financial close processes, including journal entries and reconciliations
• Strong analytical and problem-solving skills, with attention to detail
• Proficiency in Microsoft Excel and financial management systems (e.g., STRATA Axiom, PeopleSoft, SAP, Oracle, Meditech, Tableau)
• Strong communication skills, with the ability to collaborate with team members and hospital departments
• Eagerness to learn and grow in a fast-paced finance environment
  
  

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• Full-time day position with a hybrid work environment
• Occasional evening or weekend work may be required to meet reporting deadlines
• Ability to collaborate with various departments and service line leaders
  
  

In keeping with federal, state and local laws, Cambridge Health Alliance (CHA) policy forbids employees and associates to discriminate against anyone based on race, religion, color, gender, age, marital status, national origin, sexual orientation, gender identity, veteran status, disability or any other characteristic protected by law. We are committed to establishing and maintaining a workplace free of discrimination. We are fully committed to equal employment opportunity. We will not tolerate unlawful discrimination in the recruitment, hiring, termination, promotion, salary treatment or any other condition of employment or career development. Furthermore, we will not tolerate the use of discriminatory slurs, or other remarks, jokes or conduct, that in the judgment of CHA, encourage or permit an offensive or hostile work environment.

Cambridge Health Alliance brings Care to the People - including your neighbors, friends and family. Our local hospitals and care centers serve our vibrant, diverse communities, and play an integral role in improving health. As passionate advocates for the underserved, we actively partner with our communities to take on challenging public health issues, and conduct important research to help reduce barriers to care. We believe that everyone deserves access to high quality, convenient health care. This is why our employees believe in where they work and why many build long, rewarding careers at CHA.

Healthcare is changing rapidly. CHA has a strategic plan that charts a proactive course for our future. It is built on a vision of equity and excellence for everyone, every time. It also recognizes that our workforce is our most valuable asset and prioritizes competitive salaries, benefits and professional development opportunities for employees. The strategic plan is changing the way we provide care and improving the health and experience of our patients; we are looking for smart, committed, compassionate people who want to be part of making our vision of better health and equity a reality.

At CHA, you can believe in where you work and go home every day knowing you made a difference. Join our team and help us bring Care to the People.