Junior Financial Analyst

TITLE: Junior Financial Analyst

DETAILS: 

Department: Finance

Reports To: Director of Finance

FLSA Classification: Non-Exempt

Salary Range: $50,000-$60,000/year, commensurate with experience.

Benefits: PTO; Insurance: Medical, dental, vision, basic life; Retirement: 401(k) with matching.

Format & Schedule: Will be fully on-site to start, with the ability to work remotely after a 90-day probationary period. Remote work four days per week. One day per week on-site at our Harrison, NY headquarters (changes as needed, as determined by CFO). Please note that relocation support is not available. Strong preference will be given to employees already in commuting distance.

Location: Hybrid / Somnia Headquarters - 450 Mamaroneck Ave, Harrison, NY 10528.

POSITION DESCRIPTION:

The Junior Financial Analyst will support the finance and operations teams of Somnia Inc.by assisting with financial reporting, variance analysis, budgeting support, cost-plus reconciliations, and site-level performance tracking. This role is designed for an early-career finance professional who is detail-oriented, eager to learn healthcare operations, and comfortable working with financial data, Excel-based models, and cross-functional stakeholders. The analyst will help translate operational and financial information into clear reporting that supports practice management, hospital partnerships, and leadership decision-making.

RESPONSIBILITIES:

• Assist with preparation and maintenance of cost-plus reconciliations for anesthesia service arrangements, ensuring supporting schedules are accurate, complete, and organized.
• Support site-level financial analysis across practice locations, including revenue, provider costs, staffing assumptions, subsidies, direct expenses, and overhead allocations.
• Prepare monthly variance analysis comparing actual results to budget, forecast, and prior periods, with guidance from senior finance team members.
• Help maintain recurring financial reporting packages, dashboards, and schedules used to monitor performance by location and across the organization.
• Support the annual budgeting and forecasting processes by gathering inputs, updating templates, validating assumptions, and summarizing changes.
• Analyze operational drivers such as case volume, provider staffing, payer mix, contract terms, and facility-level trends to help explain financial results.
• Work with finance, accounting, revenue cycle, and operations teams to collect information, resolve questions, and improve the accuracy of reporting.
• Update and maintain Excel-based financial models, reporting templates, and analytical tools under the direction of the finance team.
• Assist with ad hoc analysis related to new site launches, contract renewals, staffing changes, provider compensation, and strategic initiatives.
• Review financial and operational data for completeness, consistency, and potential errors before reports are distributed.
• Prepare clear summaries, schedules, and presentation materials that communicate financial trends to both finance and non-finance stakeholders.
• Develop a working understanding of anesthesia operations, including provider coverage models, hospital-based service arrangements, and key profitability drivers.

SKILLS / QUALIFICATIONS:

• Strong Microsoft Excel skills, including formulas, pivot tables, lookups, formatting, data organization, and basic financial modeling.
• Foundational understanding of financial statements, budgeting, variance analysis, and business performance metrics.
• Strong attention to detail, intellectual curiosity, and willingness to learn healthcare finance and anesthesia practice operations.
• Ability to manage multiple tasks, meet deadlines, and communicate clearly with team members and business partners.

EDUCATION/EXPERIENCE:

• Bachelor’s degree in Finance, Accounting, Economics, Business Administration, Healthcare Administration, or a related field required.
• 0–2 years of experience in financial analysis, accounting, FP&A, healthcare finance, internship experience, or a related analytical role.
• Internship or entry-level experience in healthcare, physician practice management, hospital operations, accounting, FP&A, or consulting.
• Exposure to cost-plus arrangements, management services agreements, provider compensation models, or hospital subsidy structures.
• Experience with accounting systems, budgeting tools, business intelligence platforms, or data visualization tools.
• Interest in learning about revenue cycle, payer mix, case volume, staffing utilization, and operational performance in healthcare settings.