Senior Financial Analyst - Accounting

Senior Financial Analyst

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.

The Senior Financial Analyst serves as a critical strategic partner in managing the financial health of our $185M+ organization. With over 175 distinct programs, this role requires a dynamic professional who thrives on complexity. You will be a partner in the annual budgeting process, financial forecasting, and provide deep-dive analysis of state, city, and federal contracts to program directors and executive leadership.

The ideal candidate blends high-level financial acumen with a passion for our mission, translating intricate financial data into actionable programmatic insights.

Key Responsibilities

• Complex Budgeting & Forecasting
• Annual Budget: Development of the operating budget, consolidating inputs from a large volume of programs, with diverse operational and funding models.
• Rolling Forecasts: Build and maintain dynamic, rolling 12-month cash flow and expense forecasts to ensure organizational agility.
• Personnel Allocation: Manage complex cost-allocation models for shared staff and overhead across multiple funding streams and programs.

• Financial Analysis & Variance Reporting
• Monthly Performance Reviews: Analyze monthly financial results, identify key variances against budget, and flag potential deficits or surpluses early.
• Programmatic Deep-Dives: Partner with Program Directors to review financial performance, evaluate program sustainability, and optimize resource allocation.
• Dashboard Development: Design and maintain clear financial dashboards and KPIs for executive leadership and Board of Directors review.

• Compliance & Restricted Funding Support
• Funding Alignment: Collaborate with the Grants/Development team to ensure government, corporate, and philanthropic foundation funds are tracked against appropriate restriction criteria.
• Compliance Monitoring: Ensure program expenditures align perfectly with grant agreements, avoiding disallowed costs and maximizing funding utilization.
• Contract Optimization: Analyze and monitor the financial performance of complex federal, state, and city contracts (e.g., HUD, DMH, DDS, state Medicaid/departmental billing, municipal grants).
• Billing & Reimbursement Tracking: Collaborate with billing and program teams to ensure revenue maximization, including revenue reconciliation against qualified expenses and services delivered.
• Compliance & Reporting: Prepare, review, and submit mandatory fiscal reports required by public funders, ensuring strict adherence to uniform guidance and agency-specific regulations.

• Systems, Process & Strategic Support
• Process Automation: Continuous improvement of budgeting tools, ERP systems, and reporting templates to streamline data collection across 185+ programs.
• Scenario Modeling: Conduct "what-if" financial modeling for new program launches, policy shifts, or changes in funding landscapes.

Qualifications & Skills

Required Experience & Education

• Education: Bachelor's degree in Finance, Accounting, Economics, or a related quantitative field. MBA preferred
• Experience: 7+ years of progressive experience in financial planning, analysis, or corporate budgeting, experience working in Human Service or other mission driven environment preferable.
• Public Contract Expertise: Minimum of 5 years of hands-on experience managing and budgeting for federal, state, or municipal contracts within a high-volume nonprofit or government-adjacent environment.
• Scale Experience: Proven track record working in a highly complex, multi-entity, or large-scale nonprofit environment ($100M+ budget minimum).

Technical Skills

• Advanced Excel Skills
• ERP Systems: Deep familiarity with enterprise-level financial software, preferably Adaptive Planning.

Core Competencies

• Navigating Complexity: Ability to pivot smoothly between looking at the $185M…