Senior Consultant, Hospitals & Health Systems

Company: Alvarez & Marsal Deutschland GmbH
Location: Boston
Posted on: March 20, 2025

Job Description:

About Alvarez & MarsalAlvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work-guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity-are why our people love working at A&M.The TeamThe Healthcare Industry Group, a subsidiary of A&M, leads transformational change in healthcare. As an established leader, we deliver results for healthcare executives, boards, private equity firms, investors, law firms, and government agencies. Our experts advise on financial and operational performance, strategic growth, and value optimization throughout the investment lifecycle. We offer specialized services in interim management, restructuring, revenue cycle management, M&A, compliance, digital technology, and analytics. Our team works with a broad range of clients, including health systems, physician groups, medical schools, behavioral health institutes, managed care organizations, healthcare investors, medical device companies, and suppliers, as well as vision centers, dental practices, and laboratories.How you will contributeAs a Senior Consultant you will be working closely with healthcare clients on a range of complex assignments. You will work in a team environment while using your independent judgement and critical thinking skills to gather data, frame situations and provide practical solutions to add value based on client needs. The position is a unique opportunity to develop and grow key skills in the diverse and ever-changing Healthcare Industry. This role requires a flexible clear thinker with an aptitude for design and eye for "zero-defect" work. While this role is primarily client-facing and operational, the Senior Associate will also be expected to support marketing, R&D and additional roles as the client may request it. Depending on the client project the responsibilities of a Senior Associate may typically include:

• Building and managing financial models, conducting financial and operating analyses, drafting pro-forma financial statements, and producing financial and operational analysis reports relating to client performance (e.g. cash flows, projection models, operational metric reports, etc).
• Develop operational data analyses to establish key performance indicators (KPIs) and metrics for client performance monitoring and improvement.
• Effectively summarizing, drawing conclusions, and creating recommendations from large data sets or analyses.
• Prepare client-ready deliverables and presentations; making presentations to clients.
• Coach and mentor junior staff both formally and informally.
• Support marketing initiatives by assisting with the pitch preparation process and creation of marketing materials.
• Produce ad-hoc reports relating to latest healthcare industry trends and sub-sector intelligence.
• Analyze data and produce concise and ad-hoc reports pertaining to client services (i.e. benchmarking, competitive analyses, etc.).
• Contribute to the development and refinement of A&M's healthcare service offerings, including the creation of tools, templates, and best practice guides.
• Working as a partner to our clients by building consultative relationships.
• Develop an in-depth understanding of the client's processes, financial positions, and key operational performance drivers in order to surface and address key issues, from the big picture to the smallest details.
• Conducting client interviews to gain an understanding of and evaluate aspects of client situations and operations.
• Leading various work streams within a project, including managing day to day engagement priorities and timelines with guidance from senior leaders.
• Building relationships with clients and seeking opportunities to expand the scope of business.We are seeking someone to join our team with an entrepreneurial and collaborative mindset who will manage ambiguity and thrive in a fast-paced environment. As a Senior Associate you will have the opportunity to demonstrate your leadership, integrity, and objectivity when interacting with clients at all corporate levels.Qualifications
• A minimum of five (5) years of prior work experience in healthcare, consulting, finance, or healthcare industry such as healthcare banking, accounting, audit, private equity, managed care, health plans or healthcare operations with a healthcare focus.
• BA/BS degree and/or MBA/MS in Accounting, Finance, or other related healthcare fields such as MHA or MPH.
• Professional certifications such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or demonstrated progress toward such certifications is a plus.
• Advanced level of Excel proficiency and experience in financial modeling with the ability to build 13-week cash flow forecast and three statement model from scratch.
• Advanced Microsoft PowerPoint and Word skills a must; experience with Tableau, SQL, Power BI, Action O-I benchmarking, MGMA survey data is a plus.
• Solid project management and organizational skills.
• Working knowledge of healthcare industry, including a fundamental understanding of healthcare finance, operations, valuation and various laws and regulations.
• Ability to work independently with a self-starter attitude.
• Ability to use sound judgment and escalate project issues to project managers or engagement leaders.
• Ability to supervise, coach, and mentor junior staff.
• Excellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnel.
• Willingness and ability to travel as required.
• High energy and self-driven individuals with a passion for healthcare and solving complex issues.Your Journey at A&MWe recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person's unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career.We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.The salary range is $125,000 - $159,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance. Please ask your recruiter for details.Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings' fringe benefits consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined periodically as well as a 401(k) retirement savings plan. Provided the eligibility requirements are met, employees will also receive an annual discretionary contribution to their 401(k) retirement savings plan from Alvarez & Marsal. Additionally, employees are eligible for paid time off including vacation, personal days, seventy-two (72) hours of sick time (prorated for part-time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type.Diversity & InclusionA&M's entrepreneurial culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work-guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity-are the main reasons our people love working at A&M. Inclusive Diversity means we embrace diversity, and we foster inclusiveness, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.Equal Opportunity EmployerIt is Alvarez & Marsal's practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws.
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Keywords: Alvarez & Marsal Deutschland GmbH, Boston , Senior Consultant, Hospitals & Health Systems, Accounting, Auditing , Boston, Massachusetts