Financial Analyst - Accounting
Boston, MA, USA
Req #3343
Thursday, May 1, 2025
Bay Cove Human Services' mission is to partner with people to overcome challenges and realize personal potential. Bay Cove pursues this mission by providing individualized and compassionate services to people facing the challenges associated with developmental disabilities, mental illness, substance use disorders, and homelessness at more than 175 program sites throughout Greater Boston and Southeastern Massachusetts. Job Summary: The Financial Analyst supports the success of Bay Cove and its service divisions by providing an essential bridge between business and programmatic operations. The Financial Analyst is assigned a portfolio of Bay Cove's programs for which they are responsible for. These responsibilities include: reviewing and reconciling the financial statements for their assigned programs, preparing and presenting a monthly financial forecast, ensuring the execution of key contracts, completing the annual budget, and proactively partnering with leadership to interpret and address financial trends. Essential Functions of the Position:
Build a detailed understanding of each program's business model and operations, and how those operations are reflected on the financial statements.
Support the monthly and annual financial close by posting regular reoccurring journal entries, reviewing and reconciling the financial statements for their assigned reporting units.
Assume regular all-agency accounting responsibilities, including specific audit-related tasks, report running, or balance sheet, revenue, and expense reconciliations.
Work cooperatively with other members of Bay Cove's Business Office to support the departments overall work.
Complete a monthly financial forecast for their assigned reporting units, reconciling and interpreting trends and adequately explaining variances against the budget, trends, and prior forecasts.
Act as a liaison for program staff, and a resource for information sharing and problem solving, advising on financial impacts of programmatic decisions, and training on cost coding, budgeting and financial report interpretation to non-financial staff. Respond in a timely manner to all information requests.
Provide ad-hoc financial analysis to programmatic leadership as needed.
Work proactively with programmatic leadership to interpret, reconcile, and address financial trends to promote the program's long-term financial success.
Partner with programmatic leadership to complete the annual budget.
Present monthly forecasts and annual budgets to Bay Cove's executive and programmatic leadership.
Negotiate funding contract terms, complete contract paperwork, contract budgets and amendments and other reporting as needed with our funders. Work with funders and program staff to resolve contract problems as they arise.
Learn, follow, and stay abreast of changes to funders' and auditors' regulations regarding assigned contracts.
Work with other members of the Analyst team to maintain and develop the central financial analysis and budgeting tool, Adaptive Planning.
Closely review and error check all work before it is presented to programmatic or executive leadership. Request your Supervisor's support on any issues you cannot resolve.
Meet regularly with the Supervisor to review and address budget variances, cost projections and programmatic and contractual changes.
Assist Supervisor with other tasks and projects as directed.
Job Requirements:
A Bachelor's degree with an emphasis on Accounting, Business, or Finance, plus one year experience in a business office setting; or an equivalent amount of work experience.
Work experience in human services, or in a business office setting, is preferred but not required.
Ability to move between various Bay Cove locations and when necessary to attend meetings at various locations within and outside of Bay Cove.
Advanced Excel skills. High degree of general computer literacy; ability to learn new applications quickly.
Familiarity with Adaptive Planning or Great Plains is preferred but not required.
Strong critical thinking and analytical skills with the ability to collect, organize, manipulate, and disseminate significant amounts of information with attention to detail and accuracy.
Strong sense of personal responsibility and accountability. An ability to take ownership of your work as well as the financial success of the programs you are assigned.
A customer service-oriented mindset and an appreciation of the nuances of working in financial management in a non-profit setting. A willingness to work cooperatively with people across a range of financial management abilities.
Ability to relate various program structures, operations, and contractual requirements to GAAP principles, State and Federal regulations, and Bay Cove's internal policies.
Comfortable in a high visibility setting, collaborating with people at all levels and effectively communicating by written, oral and visual means.
Strong communication skills with the ability summarize and articulate complex financial narratives.
Strong personal task management and organizational abilities. The ability to track and manage multiple tasks and competing priorities at one once.
Initiative in identifying and addressing problems, and creative thinking in developing effective, creative solutions to those problems.
Bay Cove Human Services is an Equal Opportunity Employer and does not discriminate on the basis of race, ethnicity, religion, sex, gender identity or expression, national origin, sexual orientation, disability, age, veteran status, or any other groups as protected by Massachusetts or federal law. All qualified candidates, regardless of background, are encouraged to apply. Bay Cove Human Services does not offer visa sponsorships at this time and will require candidates to be authorized to work in the United States. |
Bay Cove Human Services
May 01, 2025