Senior Financial Analyst
Mental Health Cooperative
Summary
The Senior Financial Analyst plays a critical role in managing MHC's monthly financial results, analyzing financial data on a routine and ad hoc basis, and preparing financial presentations and reports for management and the board. This position is responsible for analyzing and interpreting data from multiple sources (e.g., claims, budget, and operational data) to provide meaningful information that focuses and directs MHC's operational initiatives. The role requires a strong understanding of healthcare operations, data analysis, and financial management, particularly within a managed-Medicaid-driven payer environment.
Job description
Position Responsibilities
- Support the monthly preparation of the financial reporting package, dashboards, and key performance indicators (KPIs) for management and the board, providing regular updates on financial and operational performance.
- Partner with Accounting through the month-end close, owning the analytical review of results — for example, program and cost-center allocations, indirect cost allocation, accrual reasonableness, and program-level P&L review.
- Interpret monthly and year-to-date financial results, identifying variances, trends, and underlying drivers to inform management's planning and operational decisions.
- Serve as a cross-functional analytical resource to Accounting, Revenue Cycle, and program leadership as needed — for example, analyzing denial trends and denial rate, days in accounts receivable, payer mix shifts, and reimbursement rate changes by payer and service line.
- Assist in the preparation, monitoring, and revision of annual budgets and financial forecasts, collaborating with department heads to ensure alignment with strategic goals.
- Partner with executive leadership to build financial models, forecasts, and business plans — including scenario and sensitivity analysis — that inform strategic direction, prioritization, and resource allocation.
- Support grant management, including developing grant budgets and tracking expenditures against awarded funds.
- Collaborate across functional areas to develop and maintain the capital budget, including assessing the financial feasibility of capital projects and tracking capital spend against budget.
- Conduct ad hoc financial analysis and pro formas, providing insight to address specific financial challenges and opportunities as they arise.
- Participate in proactive team efforts to achieve departmental and company goals.
Essential Skills and Experience
- Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or a related field required.
- 3+ years of progressive experience in Finance, Accounting, FP&A, business analysis, or a related financial role is required. Experience in healthcare is a plus.
- Experience preparing budgets, forecasts, variance analyses, and financial reports required.
- Strong understanding of financial planning, capital tracking, operating expense management, and financial reporting required. Experience with grant budgeting a plus.
- Familiarity with Generally Accepted Accounting Principles (GAAP) as applied to financial reporting and month-end close.
- Advanced Excel skills (pivot tables, lookups, complex formulas) required; experience with financial reporting systems a plus.
- Ability to compile complex information, design reports, and analyze data.
- Strong communication and decision-making skills.
- Excellent presentation, organization, research, and analysis skills.
- Experience applying AI tools to streamline recurring analysis, reporting, and documentation, with appropriate validation of results and protection of confidential and protected health information.
- Experience developing dashboards, recurring reports, financial trackers, or process documentation preferred.
- Professional certification such as CPA, CFA, or HFMA's Certified Healthcare Financial Professional (CHFP) is a plus.
Requirements
- Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or a related field required.
- 3+ years of progressive experience in Finance, Accounting, FP&A, business analysis, or a related financial role is required.
- Experience preparing budgets, forecasts, variance analyses, and financial reports required.
- Strong understanding of financial planning, capital tracking, operating expense management, and financial reporting required.
- Familiarity with Generally Accepted Accounting Principles (GAAP) as applied to financial reporting and month-end close.
- Advanced Excel skills (pivot tables, lookups, complex formulas) required.
- Ability to compile complex information, design reports, and analyze data.
- Strong communication and decision-making skills.
- Excellent presentation, organization, research, and analysis skills.
- Experience applying AI tools to streamline recurring analysis, reporting, and documentation, with appropriate validation of results and protection of confidential and protected health information.
Benefits
- Medical Insurance
- Prescription Drug Coverage
- Health Savings Account
- Dental Insurance
- Vision Insurance
- Basic Life & AD&D Insurance
- Short- & Long-Term Disability
- Supplemental Life Insurance
- Cancer Insurance
- Accident Insurance
- Critical Illness Insurance
- 403b Retirement Plan
- Calm App
- Gym Membership Discounts
- Pet Insurance
Company overview
Mental Health Cooperative is a comprehensive behavioral health services organization dedicated to providing integrated mental health care and support services to communities. As a healthcare provider specializing in mental health services, the organization focuses on delivering accessible, high-quality care through a range of therapeutic interventions and community-based programs. The cooperative model emphasizes collaborative care approaches that address the diverse needs of individuals with mental health conditions, substance use disorders, and co-occurring challenges. Their services typically include outpatient counseling, crisis intervention, case management, psychiatric care, and community support programs designed to promote recovery and wellness. Operating with a patient-centered philosophy, Mental Health Cooperative works to reduce barriers to mental health treatment and improve overall community mental health outcomes through evidence-based practices and compassionate care delivery. The organization plays a vital role in the mental health ecosystem by providing essential services that support individuals in achieving stability, independence, and improved quality of life.