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Senior Research Financial Analyst

Baystate Health

Springfield, MA

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JOB DETAILS
SALARY
$77,064–$88,587 Per Year
SKILLS
Accounting, Accounts Receivable, Accounts Receivable Processing, Analysis Skills, Best Practices, Billing, Budgeting, Business Administration, Capacity Analysis, Capacity Strategy, Cash Management, Change Management, Communication Skills, Continuous Improvement, Credit and Collections, Detail Oriented, Documentation, Federal Grants, Federal Laws and Regulations, Finance, Financial Analysis, Financial Management, Financial Operations, Financial Reporting, Financial Systems, Grant Administration/Management, Identify Issues, Interpersonal Skills, Journal Entries, Leadership, Maintain Compliance, Mentoring, Multitasking, Operational Improvement, Operational Strategy, Operational Support, Operations Research, Organizational Skills, People Management, Performance Management, Problem Solving Skills, Process Improvement, Reconciliation, Regulations, Risk Analysis, State Laws and Regulations, Team Building, Team Player, Time Management, Training/Teaching, Trend Analysis
LOCATION
Springfield, MA
POSTED
30+ days ago
Summary Description:


Schedule: Monday-Friday; Dayshift; Fulltime


Location: 3601 Main Street, Springfield MA; Hybrid work opportunity.


Under the direction of the Senior Director of Research Operations, this position oversees a broad range of responsibilities related to sponsored program financial reporting and activity management.


This role manages complex sponsored program financial activities, including high-level reporting, compliance monitoring, and process optimization. The position serves as a subject matter expert for Lawson and other financial systems, ensuring accuracy and efficiency in research finance workflows. The position focuses on internal financial operations and strategic improvements and requires attention to detail, willingness to learn Baystate Medical Center (BMC) financial systems such as Lawson and collaborate with internal departments to maintain compliance and operational efficiency.


Job Requirements:


• Senior Research Financial Analyst is responsible for BMC and PVLSI, including preparation of year-end audit documentation.


• Prepares and reviews complex financial reports, reconciliations, and analyses for sponsored programs. Ensures accuracy and compliance with institutional and sponsor requirements.


• Maintains and enhances Lawson Grants Management attributes for accurate reporting. Troubleshoots system issues and recommends improvements.


• Coordinates preparation of year-end audit documentation and compliance reviews. Monitors federal and non-federal regulations and applies updates to workflows.


• Serves as a technical resource and mentor for Research Financial Analyst I and II positions without formal supervisory responsibility. Provides guidance on complex issues and best practices.


• Identifies opportunities for efficiency and scalability in financial operations. Leads initiatives to streamline workflows and improve reporting accuracy.


• Manage invoicing, cash draws, and accounts receivable (A/R) processes, ensuring timely billing and collection of payments.


• Prepare, review, correct and submit journal entries


• Ensure strict adherence to system and departmental compliance policies, as well as all applicable laws and regulations.


• Provide mentorship, training, and performance management for assigned financial analysts.


• Works closely with Accounting, SPA, and other internal departments to ensure timely processing of journal entries, budget adjustments, and activity closeouts.


• Champion change management initiatives to improve consistency, effectiveness, and scalability of financial operations.


• Perform other duties as assigned to support research financial operations


Required Education:

Bachelor’s degree in Accounting, Finance, Business Administration, or related field required


Required Experience:


Minimum 5–7 years of progressive financial management experience, preferably in sponsored programs or grants administration.


Strong knowledge of Lawson financial systems and Grants Management modules highly preferred.


Preferred Experience:


Prior experience with audit preparation and compliance reviews


Extensive experience in research finance, sponsored programs, or grant administration


Skills/Competencies:


+ Advanced proficiency in Lawson, Excel, and other financial reporting tools.

+ Familiarity with federal and state grant regulations, Uniform Guidance, and audit requirements.Leadership & Team Development: Ability to mentor and guide staff, fostering a culture of accountability and continuous improvement.

+ Excellent analytical, organizational, and problem-solving skills.

+ Strong communication and interpersonal abilities to collaborate across departments.

+ Ability to manage multiple priorities in a fast-paced environment.Financial Acumen: Expertise in sponsored program accounting, budgeting, and compliance.

+ Systems Proficiency: Skilled in leveraging Lawson and other financial systems for reporting and process optimization.

+ Strategic Thinking: Capacity to analyze trends, identify risks, and recommend solutions to support organizational goals.

+ Change Management: Ability to champion process improvements and adapt to evolving regulatory and operational requirements.


Education:


Bachelors Degree (Required)


Certifications:


Compensation


Note: The compensation range(s) in the table below represent the base salaries for all positions at a given grade across the health system. Typically, a new hire can expect a starting salary somewhere in the lower part of the range. Actual salaries may vary by position and will be determined based on the candidate's relevant experience. No employee will be paid below the minimum of the range. Pay ranges are listed as hourly for non-exempt employees and based on assumed full time commitment for exempt employees.


Minimum - Midpoint - Maximum


$77,064.00 - $88,587.00 - $104,748.00


Equal Employment Opportunity Employer


Baystate Health is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, ancestry, age, genetic information, disability, or protected veteran status.

About the Company

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Baystate Health