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Financial Analyst - Clinical

About Lyra Health

Lyra is transforming mental health care through technology with a human touch to help people feel emotionally healthy at work and at home. We work with industry leaders, such as Morgan Stanley, Uber, Amgen, and other Fortune 500 companies, to improve access to effective, high-quality mental health care for their employees and their families. With our innovative digital care platform and global provider network, nearly 20 million people can receive the best care and feel better, faster. Founded by David Ebersman, former CFO of Facebook and Genentech, Lyra has raised more than $900 million.


About the Role:

Lyra Health is looking for an experienced Financial Analyst to join our growing Finance team. Reporting to the Sr. Manager of Clinical Finance, this position will be responsible for building strong finance partnerships with and supporting Lyra’s Clinical organization. 


This role can be carried out from our Burlingame, CA headquarters, hybrid, or fully remote/virtually. Remote candidates must be physically located within the United States.



Responsibilities
  • Support essential finance functions: support long range planning efforts and annual revenue model for the business. Serve as a finance business partner to our Clinical teams
  • Inform strategic initiatives and business planning: analyze revenue, expense, and operations metrics for signals and insights. 
  • Improve forecasting accuracy: build financial models to help analyze and forecast current business and new business opportunities
  • Analyze the cost structure and help drive more efficient and effective spend in conjunction with Clinical leadership 
  • Drive improvements to reporting and analytics for Clinical spend 
  • Analyze return on investment across departments
  • Get in the weeds to improve business operations and processes. Serve as a key contributor in maturing our business practices. Partner with internal teams to improve financial reporting and operations. Support communication between Finance and key business partners


Qualifications
  • 2+ years of Investment Banking, Corporate Finance, FP&A, or related forecast/planning experience required 
  • BA/BS in Finance, Business, Economics, Math, or related field 
  • Advanced modeling skills with the ability to distill complex decisions into simple but comprehensive financial models 
  • Ability to navigate and analyze financial statements from end to end
  • High degree of proficiency in Excel required
  • Excellent organizational and time management skills, including the ability to prioritize and balance multiple deliverables with competing timelines in a dynamic environment 
  • Exceptional written and oral communication skills, with the ability to clearly convey recommendations and conclusions. Experience presenting thoughtful analysis and a compelling point of view directly to senior leadership 
  • Proven success developing and/or improving processes, with a desire to inspire change across the organization
  • Ability to collect, organize and analyze complex data at a macro and micro level with minimal supervision. Actively seeks the input and opinions of stakeholders; explores and considers a wide range of options before acting 
  • Demonstrates high critical thinking and problem-solving skills and strong attention to detail as well as an ability to tackle ambiguous situations
  • Must be a proactive self-starter with exceptional follow-through and the ability to work well independently


$85,000 - $130,000 a year
As a full-time Financial Analyst, you will be employed by Lyra Health, Inc. The anticipated annual base salary range for this full-time position is $85,000 to $130,000. The base range is determined by role and level, and placement within the range will depend on a number of job-related factors, including but not limited to your skills, qualifications, experience and location. This role may also be eligible for discretionary bonuses.  

Annual salary is only one part of an employee’s total compensation package at Lyra. We also offer generous benefits that include: 

* Comprehensive healthcare coverage (including medical, dental, vision, FSA/HSA, life and disability insurances)
* Lyra for Lyrians; coaching and therapy services
* Equity in the company through discretionary restricted stock units
* Competitive time off with pay policies including vacation, sick days, and company holidays
* Paid parental leave 
* 401K retirement benefits
* Monthly tech allowance
* We like to spread joy throughout the year with well-being perks and activities, surprise swag, free food, regular community celebration…and more!  

We can’t wait to meet you.

"We are an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex (including pregnancy), national origin, age, disability, genetic information or any other category protected by law.


By applying for this position, you acknowledge that your personal information will be processed as per the Lyra Health Workforce Privacy Notice. Through this application, to the extent permitted by law, we will collect personal information from you including, but not limited to, your name, email address, gender identity, employment information, and phone number for the purposes of recruiting and assessing suitability, aptitude, skills, qualifications, and interests for employment with Lyra.  We may also collect information about your race, ethnicity, and sexual orientation, which is considered sensitive personal information under the California Privacy Rights Act (CPRA) and special category data under the UK and EU GDPR.  Providing this information is optional and completely voluntary, and if you provide it you consent to Lyra processing it for the purposes as described at the point of collection, for example for diversity and inclusion initiatives.  If you are a California resident and would like to limit how we use this information, please use the Limit the Use of My Sensitive Personal Information form.  This information will only be retained for as long as needed to fulfill the purposes for which it was collected, as described above. Please note that Lyra does not “sell” or “share” personal information as defined by the CPRA. Outside of the United States, for example in the EU, Switzerland and the UK, you may have the right to request access to, or a copy of, your personal information, including in a portable format; request that we delete your information from our systems; object to or restrict processing of your information; or correct inaccurate or outdated personal information in our systems. These rights may be subject to legal limitations. To exercise your data privacy rights outside of the United States, please contact globaldpo@lyrahealth.com. For more information about how we use and retain your information, please see our Workforce Privacy Notice."

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Average salary estimate

$107500 / YEARLY (est.)
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$85000K
$130000K

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What You Should Know About Financial Analyst - Clinical, Lyra Health

At Lyra Health, we are on a mission to transform mental health care with a blend of innovative technology and the human touch, creating an environment where people can thrive both at work and home. We're looking for a talented Financial Analyst to join our dynamic Finance team, reporting directly to the Sr. Manager of Clinical Finance. In this role, you'll be pivotal in establishing strong financial partnerships within Lyra’s Clinical organization, engaging in crucial finance functions such as long-range planning and annual revenue modeling. You'll harness your analytical skills to inform strategic initiatives by delving into revenue, expense, and operations metrics. Moreover, you're going to improve forecasting accuracy by building detailed financial models that assess current operations and identify new business opportunities. Your insights into the cost structure will help streamline spending alongside our Clinical leadership. As you drive enhancements to reporting and analytics for Clinical expenditures, your analyses will also focus on return on investment across various departments. Your expertise will contribute significantly to refining our operational processes. You can look forward to a flexible work environment, as this position allows for a hybrid setup or can be performed fully remote, provided you reside within the United States. Join us at Lyra Health where your contributions will make a significant impact in the field of mental health care!

Frequently Asked Questions (FAQs) for Financial Analyst - Clinical Role at Lyra Health
What are the main responsibilities of a Financial Analyst at Lyra Health?

As a Financial Analyst at Lyra Health, your primary responsibilities will include supporting essential finance functions, such as long-range planning efforts and annual revenue modeling. You'll analyze operational metrics to inform strategic initiatives while enhancing forecasting accuracy and improving reporting structures concerning clinical spending. Additionally, you will work closely with the Clinical leadership to streamline financial operations and contribute to informed decision-making processes.

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What qualifications are necessary for the Financial Analyst role at Lyra Health?

To qualify for the Financial Analyst position at Lyra Health, candidates should possess at least 2 years of experience in Investment Banking, Corporate Finance, or FP&A. A Bachelor's degree in Finance, Business, Economics, or a related field is essential. Candidates should demonstrate advanced modeling capabilities, proficiency in Excel, and excellent organizational skills. Strong communication skills are also vital for conveying financial insights to senior leadership.

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What skills are essential for success as a Financial Analyst at Lyra Health?

Success as a Financial Analyst at Lyra Health hinges on a combination of analytical prowess and interpersonal skills. You will need to navigate financial statements adeptly, possess strong attention to detail, and demonstrate critical thinking skills. Furthermore, being a proactive self-starter with exceptional follow-through, and the ability to manage multiple deliverables effectively in a fast-paced environment is crucial.

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What are the growth opportunities for Financial Analysts at Lyra Health?

Lyra Health offers various growth opportunities for Financial Analysts through exposure to multiple business units and strategic initiatives. By collaborating with both Clinical and Finance teams, you can enhance your skill set in financial modeling, reporting, and analysis. Advancement to senior finance roles is possible as you demonstrate your ability to drive impactful business decisions and improve organizational processes.

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What is the compensation package for a Financial Analyst at Lyra Health?

The anticipated annual base salary for the Financial Analyst position at Lyra Health ranges from $85,000 to $130,000, depending on various factors such as qualifications, experience, and location. Additionally, the compensation package includes generous benefits like healthcare coverage, equity through stock units, paid parental leave, and a supportive work environment focused on employee well-being.

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Common Interview Questions for Financial Analyst - Clinical
Can you describe your experience with financial modeling?

When answering this question, highlight specific financial models you've built in previous roles, emphasizing their purpose and impact. Discuss your approach to simplifying complex financial data into actionable insights and how these models aided decision-making.

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How do you prioritize competing deadlines in a dynamic environment?

Employ the STAR method to articulate a scenario where you balanced competing deadlines. Emphasize your organizational strategies, such as using project management tools or techniques, to ensure timely completion of tasks while maintaining high standards.

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Describe a time when you improved a financial process.

Provide an example using the STAR method, detailing the process you assessed, the changes you implemented, and the measurable outcomes achieved. Focus on how your initiative led to greater efficiency or accuracy.

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What methods do you use to analyze financial statements?

Explain your approach to analyzing financial statements, emphasizing techniques such as ratio analysis, variance analysis, and trend analysis. Discuss how you've applied these methods to derive actionable insights.

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How do you handle ambiguity and complex data?

Discuss your analytical skills and detail a situation where you navigated through ambiguous data. Highlight your problem-solving strategies and how you approached the situation to derive clarity and insight.

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How do you communicate complex financial information to non-financial stakeholders?

Share strategies you've used to present financial information clearly, such as simplifying concepts, using visual aids, or relating data to business goals. Provide an example of a successful presentation.

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What tools are you proficient in that can aid your role as a Financial Analyst?

List specific financial software and tools you've mastered (like Excel, Tableau, or ERP systems) and illustrate how these tools have enhanced your analysis, forecasting, or reporting abilities.

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Can you describe your experience with budgeting and forecasting?

Discuss previous roles where you've been involved in budgeting and forecasting. Explain your methodologies and how your efforts contributed to strategic planning or expense management.

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What do you think is the most important quality for a Financial Analyst?

Articulate your belief regarding critical skills such as analytical ability, attention to detail, or communication skills. Provide supporting reasons and examples that illustrate the importance of these qualities in driving business success.

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Why do you want to work at Lyra Health as a Financial Analyst?

Convey your passion for mental health and the mission of Lyra Health. Share how your skills and values align with the company's goals and how you envision contributing to both the finance team and the broader organization.

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Lyra Health is the leading provider of Workforce Mental Health benefits, available to more than 15 million people worldwide. The company offers a full spectrum of care offerings, from preventive to severe.

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BADGES
Badge ChangemakerBadge Flexible CultureBadge Future MakerBadge Innovator
CULTURE VALUES
Inclusive & Diverse
Mission Driven
Feedback Forward
Fast-Paced
BENEFITS & PERKS
Medical Insurance
Dental Insurance
Vision Insurance
Life insurance
Disability Insurance
Mental Health Resources
Health Savings Account (HSA)
Flexible Spending Account (FSA)
401K Matching
Equity
Maternity Leave
Paternity Leave
Some Meals Provided
Snacks
Social Gatherings
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
April 15, 2025

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