Mass General Brigham

Compensation

Full Description

Site: Mass General Brigham Incorporated Mass General Brigham relies on a wide range of professionals, including doctors, nurses, business people, tech experts, researchers, and systems analysts to advance our mission. As a not-for-profit, we support patient care, research, teaching, and community service, striving to provide exceptional care. We believe that high-performing teams drive groundbreaking medical discoveries and invite all applicants to join us and experience what it means to be part of Mass General Brigham. Job Summary Responsible for prescribed or ad hoc financial analyses, revenue forecasting, Institutional budgeting, financial modeling, development and preparation of monthly close packages and quarterly reports and analytical support for system wide commercialization efforts. • Develop reporting using ad hoc data queries from various Innovation and research management databases using MS Excel, Access, SQL services, MicroStrategy, Business Intelligence tools, and enterprise reporting applications. Create specialized queries to facilitate the analysis of key Innovation financial data for the MGB entities. • Monthly financial reporting to hospitals, including financial close reporting on institutional shares • Design and prepare presentations for Innovation senior management to assess progress towards goals and operating priorities, as well as performance to budget. • Drive monthly and quarterly reporting of performance metrics and key financial indicators. • Prepare creative analysis of patent spending and expense recovery to support optimal coverage of important intellectual property, while prudently controlling costs. • Design new routine and ad hoc financial reports that facilitate the reporting of key patent and license information throughout the MGB research community via MicroStrategy. This will involve combining data from a wide range of sources to monitor and analyze the performance of the patent application and prosecution processes. • Work with detailed multi-year forecasts and growth models for license revenues, patent expenditures, and recoveries for all MGB entities. Perform scenario analysis with these models to support licensing staff and researchers in their interactions with various external commercial collaborations. • Review and analyze financial and performance data from multiple sources (including the general ledger) in support of facilitate budget analysis and business planning. • Perform internal financial compliance audits as required. In addition, facilitate external licensee royalty audits with third party vendors. Qualifications Education • Bachelor's Degree Finance required or Bachelor's Degree Accounting required and Master's Degree Related Field of Study preferred Experience • 3 - 5 years of experience with Financial Analysis and Analytics required Knowledge, Skills and Abilities Finance Analysis and Reporting • Familiarity with financial management principles including accounting, budgeting and discounted cashflows. • Aware of impacts of operational decisions on financial outcomes. • Effectively interprets complex data in order to "tell the story" of the underlying data. • Coordination with other financial reporting specialties to synchronize efforts and constantly use best practices • Familiarity with Microsoft Excel and Powerpoint Data and analytics • Demonstrates critical thinking skills and application of data mining principles, predictive analytics, data mapping and synthesis from multiple systems. Able to communicate these findings effectively is also essential. • Ability to break cost components into appropriate buckets for monitoring the cost/benefit tradeoffs associated with keeping IP active, domestic versus international filings and ensuring legal expenses are appropriate and within targeted unit costs. Additional Job Details (if applicable) Remote Type Remote Work Location 399 Revolution Drive Scheduled Weekly Hours 40 Employee Type Regular Work Shift Day (United States of America) Pay Range $78,000.00 - $113,453.60/Annual Grade 7 At Mass General Brigham, we believe in recognizing and rewarding the unique value each team member brings to our organization. Our approach to determining base pay is comprehensive, and any offer extended will take into account your skills, relevant experience if applicable, education, certifications and other essential factors. The base pay information provided offers an estimate based on the minimum job qualifications; however, it does not encompass all elements contributing to your total compensation package. In addition to competitive base pay, we offer comprehensive benefits, career advancement opportunities, differentials, premiums and bonuses as applicable and recognition programs designed to celebrate your contributions and support your professional growth. We invite you to apply, and our Talent Acquisition team will provide an overview of your potential compensation and benefits package. EEO Statement: Mass General Brigham Incorporated is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, national origin, sex, age, gender identity, disability, sexual orientation, military service, genetic information, and/or other status protected under law. We will ensure that all individuals with a disability are provided a reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. To ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veteran's Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants who require accommodation in the job application process may contact Human Resources at (857)-282-7642. Mass General Brigham Competency Framework At Mass General Brigham, our competency framework defines what effective leadership "looks like" by specifying which behaviors are most critical for successful performance at each job level. The framework is comprised of ten competencies (half People-Focused, half Performance-Focused) and are defined by observable and measurable skills and behaviors that contribute to workplace effectiveness and career success. These competencies are used to evaluate performance, make hiring decisions, identify development needs, mobilize employees across our system, and establish a strong talent pipeline.