Finance Specialist II

Finance Specialist II

The Massachusetts League of Community Health Centers (League) was founded in 1972 as one of the country's first state Primary Care Associations (PCAs). Established under the same federal authorizing legislation as the health center program, PCAs are organized around a set of core functions and competencies that provide a framework for support and assistance to health centers and the communities they serve. The League is a non-profit 501(c)(3) organization registered as a public charity with the Secretary of the Commonwealth. It maintains a professional staff at its headquarters in Boston and its training center in Worcester.

Position Summary : Under the supervision of the Senior Program Manager, the Finance Specialist II will perform a variety of loan accounting and administrative functions for the MA Repay Loan Program, a $310M+ state-funded loan repayment program supporting health care professionals serving underserved populations. This position exercises independent judgment in managing full-cycle loan disbursements, reconciliations, and compliance reporting, ensuring adherence to state funding requirements and internal controls. The loan repayment funding is awarded to healthcare providers and other healthcare professionals who agree to work in designated healthcare environments providing care to underserved populations. The funding will be distributed to Student Loan Servicers to pay down the student loan debt of the awardees.

Essential Functions :

• Manage and oversee the creation, tracking, and processing of loan disbursements, ensuring entries are complete, accurate, and coded correctly.
• Maintain supporting documentation for all disbursements and verify against awardee and servicer records.
• Create all accounting entries (general ledger, transaction account) for all disbursements, ensuring compliance with internal controls and proper chart of accounts usage.
• Daily verification and reconciliation of all loan payments; investigate and resolve discrepancies if needed with the loan servicers and program.
• Conduct scheduled audits of loan system data to identify inconsistencies, duplicate entries, or missing records and work with MA Repay Program team to resolve.
• Generate and distribute daily loan disbursements and reconciliation reports to relevant stakeholders; ensure reports are complete, timely, and archived in SharePoint.
• Review loan notices and updates from servicers and / or MA Repay Program team, identifying any changes that affect disbursement schedules and awardee records.
• Identify and recommend process improvements to enhance efficiency, accuracy, and compliance.
• Assist with system updates and changes, clean-up tasks and file organization to ensure accurate reporting.
• Prepare and process charge-off entries in accordance with established guidelines, ensuring documentation supports each transaction.
• Other duties / projects as assigned.

Education / Experience :

Competencies / Skills :

Requirements :

The physical demands described here represent those that an employee must meet to perform the essential functions of this job successfully. While performing the duties of this job, the employee is required to talk and hear regularly. The employee must be able to remain in a stationary position 80% of the time. The employee needs to move inside and outside the office to access file cabinets, office equipment, meet with community partners at different sites. The position requires occasionally lifting office products and supplies up to 50 pounds and traveling to various locations for meetings.

Physical Requirements : Physical demands represent those that an employee must meet to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Qualification Requirements : To perform this job successfully, an individual must adequately perform each essential function. The requirements listed above are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The Massachusetts League of Community Health Centers is an equal opportunity employer committed to a workplace that reflects the diversity of the people of Massachusetts, including populations most impacted by health inequities. It is the policy of the Massachusetts League of Community Health Centers to provide equal employment opportunity to all employees and applicants for employment without regard to race, sex, sexual orientation, gender identity or expression, color, creed, religion, national origin, age, disability, marital status, parental status, family medical history or genetic information, political affiliation, military service or any other non-merit based factor in accordance with all applicable laws, directives and regulations of federal, state and city entities.