Financial Analyst II
Cambridge Health Alliance

Location: Commerce Place
Work Days: 8:30am to 5:00pm
Category: Professional and Management
Department: Financial Analytics Reporting Budgeting
Job Type: Full time
Work Shift: Day
Hours/Week: 40
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 (Wednesdays in office)
- Occasional evening or weekend work may be required to meet reporting deadlines
- Ability to collaborate with various departments and service line leaders
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