Financial Analyst

Title: Financial Analyst

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Location: Administrative Office Finance Department

City: Bellingham, WA

Position: Full-time, Monday-Friday, 8:00am 5:00pm, non-exempt (hourly)

Compensation: The full wage scale is $29.37 - $44.08 per hour. Placement within the wage range is determined by a candidate's relevant experience.

Bonus Programs: Employees are eligible annually to participate in discretionary bonus programs, as determined by FCN, which include the Years-of-Service bonus program, the Quality Performance bonus program, and the Performance Recognition bonus program.

Job Summary

The Financial Analyst is responsible for reviewing, reconciling and processing financial and statistical data to ensure that the financial records are accurate and available on a timely basis; measuring, analyzing, and reporting changes in payor performance; building and maintaining expected reimbursement models based on managed care contract terms and will work closely with the contracting team during negotiations to analyze the impact of proposed rate changes.

The position supports internal customers and as such is responsible for understanding their business and operational needs, supporting and furthering their goals and priorities within the context of the goals and priorities of Family Care Network. The position is a resource to both financial and operational leadership to support organizational decision making and planning.

Essential Job Functions

Maintain General Ledger interfaces for the Practice Management billing system.
Develop cash flow analyses.
Serve as key contributor in the department budget process.
Coordinate and assist with preparation of annual operating and capital budgets.
Extract and interpret data from various sources and provide meaningful, understandable analysis to drive improvement in revenue cycle, coding, productivity and overall financial results.
Develop insightful analytics and provides effective financial modeling to drive and evaluate company performance.
Perform budget-to-actual variance analysis and generate meaningful management reports to focus decision-making.
Work with operations and finance teams to automate and disseminate physician practice monthly reports highlighting key performance metrics.
Prepares monthly and quarterly journal entries.
Reconciles general ledger accounts on a monthly, quarterly, and annual basis.
Assist in preparing materials for executive management including board decks, investor materials and other executive updates.
Assists with bi-weekly payroll reconciliation.
Assist with bi-weekly payroll reconciliation and the preparation/filing of bi-weekly, quarterly, and semi-annual taxes.
Responsible for monitoring practice management transactions and reconciling to general ledger; prepare monthly revenue analysis for general ledger posting.
Supports coordination and preparation of Medicare/Medicaid cost reports and Rural Health Reconciliations as required by regulatory agencies.
Assist in the preparation of monthly and quarterly financial and statistical reporting.
Coordinates and assists with preparation of annual operating and capital budgets.
Coordinates more complex accounting projects and initiatives with other members of the finance team, other departments and clinics.
Perform ad hoc analysis as needed.

Knowledge, Skills & Abilities

Solid understanding of accounting systems and modules.
Strong analytical and problem-solving skills.
Sound understanding of Generally Accepted Accounting Principles (GAAP).
Ability to work on the General Ledger to resolve issues and perform timely and accurate period closes; ensure the integrity of the Balance Sheet by monitoring account reconciliations for accuracy; and monitor reports for variances and root causes for those variances.
Knowledge of medical office practice.
Proven skill in establishing good employee relations including conflict resolution.
Advanced computer skills such as: Health information systems, MS Word, and MS Excel.
Ability to comprehend and communicate information accurately and clearly (verbally and in writing, in person and via phone) with all levels of personnel, and other individuals and groups, excellent spelling, punctuation and grammar.
Strong organizational skills: proven ability to perform detailed work accurately despite frequent interruptions, (i.e. plan, multi-task, organize and prioritize).
Work as part of a team that shares and leverages the strengths of its members.
Models a positive work ethic and customer friendly relations.
Experience discerning and maintaining confidentiality (i.e. HIPAA, proprietary information, disciplinary actions, etc.).

About FCN:As an independent, locally owned, physician-run network of family medicine providers, we are passionate about our community's well-being. We take the time to build strong, long-term relationships with our patients and our employees. We have 12 clinics and 3 urgent care centers in Whatcom and Skagit County, in a beautiful corner of northwest Washington where the mountains meet the sea.

Benefits:

Our health benefit programs are designed to take care of you and your family, offering flexibility and quality care.

Our health benefits include: two medical plan options, a flexible dental benefit including orthodontia, vision coverage, Employee Assistance Plans, Flexible Spending Account program and Life/AD&D, Hospital and Accident insurance plans.Benefit eligibility is determined based on the full or part-time status of the position.

At FCN, we value the importance of time away from work for leisure, health and well-being. Staff members accrue a generous Paid Time Off (PTO) program for vacation and short-term healthcare needs as well as an Extended Illness Bank (EIB).

Our PTO and EIB benefits begin accruing from the first day of employment and employees are eligible to take paid time off after 60 days of employment. An employee accrues PTO at a rate based upon the number of months of service at FCN. A new full-time employee generally accrues 18 days per year. EIB accrues based upon the number of paid hours excluding overtime, with a full-time employee accruing a maximum of 48 hours per year.Benefit eligibility is determined based on the full or part-time status of the position. Employees who are ineligible for FCNs PTO/EIB programs accrue Paid Sick Leave per Washington State law.

Our 401k retirement plan is designed to support you in preparing for retirement planning and include individualized financial planning guidance.Eligibility for the FCN Retirement Plan programs is determined based upon years of service and required payroll hours.

We offer the following programs:

401k Plan with employer match; and
401k Profit Sharing Plan

Education & Experience

Bachelors degree in Accounting or Business Administration and 4+ years of accounting experience required.
CPA preferred.
Solid foundation in all accounting cycles; general ledger and financial reporting in a health care setting preferred.
Experience and/or exposure to cost report preparations; coordination of annual audits and reviews required.
Experience assisting and preparing budgets and financial projections required.
Strong technical accounting skills and previous experience in a computerized accounting environment.
Background in system implementation helpful.
Experience with Sage100, Spreadsheet Server, Paycom, and EPIC preferred.

Physical Requirements

While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hand to finger coordination, handle or feel objects, tools or controls; reach with hands and arms; climb stairs; balance, stoop, kneel, crouch; talk or hear. The employee must occasionally lift and/or move up to 30 pounds. Specific vision abilities required include, close vision, peripheral vision, depth perception and the ability to adjust and focus.

Immunization Requirements:

All employees at Family Care Network (FCN) are expected to meet and maintain required immunizations as a contingency of employment. The immunization requirements are as follows: Influenza (annually), Tdap (after the age of 19), MMR, Varicella or a verified history of chickenpox disease, Two-step TST or IGRA (within the last 12 months), COVID-19 vaccine completed series, and any additional immunizations determined necessary for the protection of staff and patients. Hepatitis B is also required for employees in positions with a high risk of bloodborne pathogen exposure, which includes the following: Providers, RNs, LPNs, MA-Cs, PSRs at all Urgent Care Locations, and all-laboratory staff. The Hepatitis B vaccine is strongly recommended for all other employees. FCN will cover the cost of required immunizations for any FCN employee. All employee immunizations will be administered by FCN staff except for the COVID-19 vaccine. The COVID-19 vaccine can be administered at a participating pharmacy or other healthcare location. Note: A medical or religious vaccine exemption/reasonable accommodation will be considered by submitting an FCN Exemption form for review and evaluation by the Chief Medical Officer.

Family Care Network is a Drug-Free, Equal Opportunity Employer.