Financial Analyst I

Principal Duties and Responsibilities

1. Monitors contractual agreements with vendors and tracks payment of invoices via Accounts Payable. When needed, troubleshoots any payment issues with vendors and/or Accounts Payable.

2. Generates annual Purchase Orders for vendors and manufacturers.

3. Creates / updates monthly reports which include but are not limited to: Cost of Goods Sold, Sales Price of Goods Sold, Inventory report, A/R report, month-end accruals, Factor sales vs. IPORT charge activity, with detailed explanation of variances.

4. Collects, compiles and conducts analysis (performance, variance and financial) pertaining to the finances of the BBDCFP.

5. Assists in the preparation of the annual income report for the Maternal and Child Health Bureau per grant guidelines.

6. Maintains updated product pricing schedules, which are provided to the program's contract pharmacy on a quarterly basis (or as needed).

7. Works closely with Operations Manager, Medical Director, Administrative Director, Program Director and Mass General Brigham Contracting to develop pricing policy, analysis of cost/price margin and provides input into the development of contracts with third party payers.

8. Participates in annual Policies & Procedures review to ensure that the Program is in compliance with 340B standards.

9. Prepares and submits monthly reports to the Hemophilia Alliance, detailing quantities of factor products shipped to patients.

10. Updates pharmacy portal with invoice copies for one of the program's contract pharmacies. Reviews portal reports from contract pharmacy to ensure data integrity and accurate invoicing.

11. Evaluates patient eligibility for compliance with program policies by reviewing patient medical records, insurance plans, and enrollment status.

12. Participates in internal and external 340B audits for the BBDC. This may involve presenting and resolving reconciliation issues as they arise during the monitoring and reconciliation process.

13. Maintains an orderly archive of reports for compliance and audit purposes. 14. Develops a thorough understanding of the 340B program. Strives to consistently improve the overall efficiency, value, and internal support of the 340B program.

15. Prepares ad hoc financial analysis reports as needed.

Qualifications

• Bachelor's degree in business, accounting, finance, healthcare or related field required.
• Master of Business Administration (MBA), Master of Health Administration (MHA), or related graduate level degree a plus.
• 2 Years of compliance, business, finance, accounting or related experience preferred.
• Direct experience in financial or compliance auditing a plus.

Skills and Abilities Required

Ability to compile, comprehend and analyze financial data. Proficiency with MS Office applications (especially Excel) and ability to learn new systems as needed. Excellent verbal and written communication skills. Ability to effectively navigate a complex organization.

Working Conditions

Flexibility of work hours may be required. Works under constant time deadlines.

Hospital Wide Responsibilities

Works within legal, regulatory, accreditation and ethical practice standards relevant to the position and as established by BWH/Partners; follows safe practices required for the position; complies with appropriate BWH and Partners policies and procedures; fulfills any training required by BWH and/or Partners, as appropriate; brings potential matters of non-compliance to the attention of the supervisor or other appropriate hospital staff.

The above statements are intended to describe the general nature and level of work being performed by people within this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.