Financial Analyst

Job Description

Job Description

About Us :

Founded in 2015, the Food Allergy Institute (FAI) is a cutting-edge research and clinical care center revolutionizing food allergy treatment among the pediatric population. Our Tolerance Induction Program™ is the first of its kind, bringing patients to the point where they can eat whatever they want, whenever they want, without having to worry about any kind of reaction. The success of FAI is built on years of development involving proprietary biomarkers, data analytics and modeling systems which allow unique patient specific therapy to be deployed in the clinic setting and at home safely.

Why Join FAI?

The Food Allergy Institute (FAI) is home to innovative thinkers, problem solvers, and passionate leaders who are transforming the world of food allergy treatment. Our work is life-changing for patients and their families, and every member of our team plays a vital role in supporting our mission.

With over 180 employees, Our diverse team includes Physicians in the specialties of Pediatrics, Pulmonary, Allergy & Immunology, Emergency Medicine, as well as Nurse Practitioners, Physicians Assistants, and a PhD level research team. In the food allergy world, the growth of FAI is unique in reflecting the effectiveness of its treatment approach and the supportive environment fostered by its team of professionals.

At FAI, you'll be part of a team dedicated to making a real impact. We provide access to cutting-edge technology, offer competitive salaries, comprehensive benefits, and endless opportunities for professional development and career growth. Join us in transforming food allergy care and be inspired to make a difference.

Job purpose :

We are seeking a Financial Analyst to play a vital role in managing financial transactions and ensuring the accuracy and integrity of financial records within our organization. This role will maintain general ledger accounts, reconcile accounts, prepare financial reports, and assist in financial analysis. Attention to detail and knowledge of accounting principles will be crucial in supporting the organization's financial operations.

Duties and Responsibilities :

• Record and maintain accurate and up-to-date general ledger entries for healthcare transactions, including revenues, expenses, assets, and liabilities.
• Ensure that transactions are properly categorized and coded in accordance with accounting standards and organizational policies
• Identify opportunities for cost savings and efficiency improvements.
• Assist in evaluating the financial implications of new healthcare programs or services.
• Reconcile general ledger accounts on a regular basis to identify and resolve discrepancies.
• Assist in the preparation of financial statements, including balance sheets, income statements, and cash flow statements.
• Generate financial reports and variance analyses to support management decision-making.
• Prepare and distribute financial reports to internal stakeholders and assist in responding to inquiries.
• Process accounts payable transactions, including vendor invoices, expense reimbursements, and payments.
• Review and reconcile accounts payable sub-ledgers to ensure accuracy and completeness.
• Assist in accounts receivable processes, including billing, collections, and revenue recognition.
• Assist in financial analysis activities, including budgeting, forecasting, and variance analysis.
• Analyze financial data to identify trends, anomalies, and opportunities for improvement.
• Prepare ad-hoc financial reports and analyses as requested by management.
• Ensure compliance with accounting standards, regulatory requirements, and organizational policies.
• Assist in financial audits by providing supporting documentation, explanations, and analysis as needed.
• Implement and maintain internal controls to safeguard assets and mitigate financial risks.
• Identify opportunities to streamline accounting processes, improve efficiency, and enhance internal controls.
• Participate in cross-functional teams to implement process improvements and system enhancements.
• Stay updated on industry best practices and emerging trends in healthcare finance and accounting.
• Other duties as assigned.

Qualifications :

Employee Benefits :

We offer a comprehensive benefits package, including competitive salary, 401(k) with employer match, medical, dental, and vision insurance, generous paid time off, company-paid holidays, and sponsored employee events. We are also committed to your professional development with individualized training and career growth opportunities.

Physical requirements :

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms. The employee is required to walk between multiple office locations that include the use of stairs (elevator is only available in some instances).

This position requires the ability to occasionally lift office products and supplies, up to 20 pounds.

Direct reports : N / A

The company provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, marital status, veteran status, or any other consideration made unlawful by federal, state, or local laws. The company is committed to providing reasonable accommodation for qualified applicants, and employees with disabilities to ensure they enjoy equal access to all employment opportunities and benefits of employment as required by the Americans with Disabilities Act.