Business Analyst II, Finance
Mass General Brigham
Mass General Brigham relies on a wide range of professionals, including doctors, nurses, business people, tech experts, researchers, and systems analysts to advance our mission. As a not-for-profit, we support patient care, research, teaching, and community service, striving to provide exceptional care. We believe that high-performing teams drive groundbreaking medical discoveries and invite all applicants to join us and experience what it means to be part of Mass General Brigham.
With guidance from the Executive Director of Business Planning, the Business Analyst II, Finance, on the Business Analytics team at Mass General Brigham, is responsible for working on a broad range of strategic, analytic, planning, benchmarking, and other management and operational support activities for one or more designated members of the Mass General Brigham Senior Leadership Team (Senior VP’s, Clinical VP’s, Operating VP’s and Executive Directors), as well as local leaders across the enterprise. The Business Analytics team is part of the Business Planning department, which also includes Decision Support and Sustain Analytics teams.
Job Summary
Primary Responsibilities:Financial and Operational Analysis: Provide the following analytic and planning evaluations for any supported Senior Leaders -
- Assessing the financial performance of existing programs, services, service lines, divisions, and departments
- Analyzing operational and financial data to evaluate performance, determine factors that may be influencing performance (macro and micro), and identify opportunities for improvement or intervention
- Evaluating how changes may impact the enterprise, and various entities across MGB, both financially and operationally
- Maintaining enterprise-wide financial reporting for clinical services, including ERAPs, clinical departments and programs, service lines, and cross-entity reporting
New Program Assessment:
With oversight from manager, assist in the development of business plans for new programs and support the development of strategic and operational business plans for either new or existing departments, centers, service lines, initiatives, etc. Both include assessing the current state and overall market dynamics, building a flexible financial model, calculating the return on investment, identifying any existing strengths that can be leveraged or risks that need to be mitigated, as well as learning from other like programs
Incorporate fundamentals of Sustain and resource stewardship within all business planning work, evaluating where process changes may be more appropriate than investment in additional resources/assets/etc.
Communication Activities:
- With support from manager, prepare concise, creative, professional summaries of analyses and plans for members of Senior Leadership and others, as appropriate.
- With support of manager, present findings to varying levels of staff, targeting the presentation towards the knowledge level and needs of the audience; Manager to oversee and lead presentations with Senior audiences
- With support from manager, provide input to the team on additional analyses and key next steps to move work forward
- Under close supervision of manager, assist in development of summary communication materials for executive level and board presentations, as requested.
- Keep current regarding trends and developments in the health care field, particularly as they pertain to strategic planning, analytic and decision support tools, financial trends, evolving technologies and programs, etc.
Project Management:
- Manage ad hoc projects related to business, financial, facilities, operations and/or strategic planning for supported members of Senior Leadership at MGB and across the MGB enterprise
A critical measure of each Business Analyst’s success will be the extent to which the analytic and planning needs of each person supported are met in a timely, consistent, high quality manner. This will require close collaboration with staff within the clinical departments, and many other analytic, financial, and planning groups throughout the MGB enterprise, including Decision Support, Sustain Analytics, Financial Planning, Strategy Planning and Intelligence, Enterprise Asset Management, and local financial, operational, and analytical teams and decision-making bodies at each of the MGB entities. An ability to synthesize, summarize and effectively communicate the analytic and planning work that is performed is key.
The Business Planning department’s success is evaluated based on the quality of facilitation and support provided to members of MGB and MGB entity Senior Leadership team in the following four high-priority areas:
- Rigorous financial and operational analytics and Board quality presentations
- Formulation of strong and informed financial models for various programs/initiatives/service lines, and departmental or enterprise-level business plans
- The development of consistent, scalable reporting across service lines and other clinical enterprise services
- Integration of benchmarking data into planning activities and strategic decision-making
Qualifications
Qualifications:
Bachelor’s degree required; Master’s degree preferred
1+ years of experience, preferably in finance, healthcare management, healthcare consulting and/or strategic planning.
Additional Skills/Abilities/Competencies:
Comfortable with querying and manipulating large amounts of data and the ability to ensure data integrity using quality checks at various points in the process.
Ability to work collaboratively with all levels of the organization.
Strong interpersonal and communication skills.
Good oral and written communication skills (Outlook and PowerPoint), including the ability to communicate analysis details to different individuals and audiences throughout the institution.
Understanding of financial concepts and terminology.
Strong organizational skills, including the ability to work on multiple projects at once.
Ability to effectively respond to time sensitive issues and meet deadlines.
Supervisory Responsibilities:
No direct reports
Fiscal Responsibilities:
No direct budgetary responsibility
Demonstrates fiscal responsibility by incorporating efficiency and resource stewardship in business planning efforts
Additional Job Details (if applicable)
Schedule and Work Model
Full-time Monday through Friday, standard ET business hours (core hours are 9am-3pm ET)
Remote with option to work in-office at Assembly Row in Somerville, MA if desired.
Remote Type
Work Location
Scheduled Weekly Hours
Employee Type
Work Shift
Pay Range
$62,400.00 - $90,750.40/Annual
Grade
6
EEO Statement:
Mass General Brigham Competency Framework
At Mass General Brigham, our competency framework defines what effective leadership “looks like” by specifying which behaviors are most critical for successful performance at each job level. The framework is comprised of ten competencies (half People-Focused, half Performance-Focused) and are defined by observable and measurable skills and behaviors that contribute to workplace effectiveness and career success. These competencies are used to evaluate performance, make hiring decisions, identify development needs, mobilize employees across our system, and establish a strong talent pipeline.