Financial Analyst, Physician Services Division

2 weeks ago

Edison, United States Hackensack Meridian Health Full time

Overview:

Our team members are the heart of what makes us better.

At Hackensack Meridian Health we help our patients live better, healthier lives and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. Its also about how we support one another and how we show up for our community.

Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.

The Financial Analyst, PSD is responsible for planning, monitoring, coordinating, collaborating, compiling and analyzing Budget and Monthly financial information related to assigned areas (i.e. assigned hospital site, corporate affiliates, physician services, partner companies, management service agreements ('MSA'), partnerships, etc.). Will work closely with Physicians, Administrative Directors, the Legal Department, and the Executive Office on various analyses, projections, annual capital, and operating budgets, monthly close and reconciliations as appropriate and applicable. Job responsibilities include all financial aspects of Hackensack Meridian Health's (HMH) goals, which also include all operational matters affecting the preparation and reporting of monthly financial statements, budgeting, audit coordination, internal controls compliance, PeopleSoft general ledger build & maintenance, and oversight on outsourced accounting functions.

Responsibilities:

A day in the life of a Financial Analyst, PSD at Hackensack Meridian Health includes:

  • Applies GAAP in carrying out core responsibilities of all assigned duties and special projects.
  • Consistently and timely communicates with applicable HMH departments leaders and at corporate level regarding all inquiries. Timely prepares and communicate monthly close and follow through with the site dept. leaders.
  • Meets one on one with all the new onboarding site department managers to train them by using the finance guide to follow the financial requirements at the site.
  • Manage leadership changes in PeopleSoft.
  • Site level responsible for the monthly financial close process. Prepares monthly financial statements for each of the assigned site. Compiles financial and statistical information as part of monthly Finance Committee package.
  • Provide justifications for the monthly and year-to-date variances and fluctuations (actual-to-budget / actual-to-prior year) using statistical, financial, and operational data. Reaches out to the ancillary dept managers in collecting volume variance justifications and compiles the report for the management. This includes focus on the flexed salary and supply variances through application of volume to the variance equations.
  • Prepares detailed work papers and support for monthly journal entries. Prepares reconciliations of all balance sheet and income statement accounts. Reconciles all intercompany transactions and ensures proper elimination upon consolidation
  • Track and manage the capital and Capital Formation budget spending for the assigned site.
  • Review month-end financial and statistical reports prepared by the dept. leaders, and accounts for accuracy.
  • Fully responsible to complete the budgets to selective cost centers from the assigned site.
  • Assist with over all site budgeting and forecasting for capital and operating expenses.
  • Provide financial analysis support services to other functional areas within HMH.
  • Comprehensive FTE report for the assigned site.
  • Complete comprehensive productivity reports for each pay period analysis.
  • Extensive analysis on the Missions Support variances working with the Physician Practice team.
  • Adheres to HMH Organizational competencies and standards of behavior.
  • Other duties and/or projects as assigned by the site controller.
  • Maintains the upkeep of the Finance quid that are site based to assist the clinical leaders.
  • Comprehensive Mission Support Analysis for the assigned site.

Essential Job Functions Specific to Physician Services:

  • Manage variable compensation payments which are made on a wRVU or cash model on rolling monthly and quarterly timeframes as appropriate for the individual contracts. Maintains complex pooling arrangements.
  • Works with Mgr, Physician Pay & Planning and/or Regional Site Controllers to interpret, complete and deliver variable compensation payments to the physicians for assigned groups within the Network.
  • Completes monthly reconciliation process for standard leased practices. Verifies expense, payments and accruals are accurate. Prepares letter and back up schedules for physician compensation.
  • Processes ACH requests for physicians quarterly and recurring payments.
  • Completes JV/Captive leased physician compensation arrangements (PCN) and any unique grandfathered arrangements.
  • Reconciles outside Lease arrangements for practice operating expenses; Variable Compensation GL accruals and roll forward.
  • Responsible for review and completion of monthly accruals for physicians on all models. Coordinates with accountants that accruals are in sync.


Qualifications:

Education, Knowledge, Skills and Abilities Required:

  • Bachelor's degree in Accounting or Finance.
  • Minimum of 4 years of progressive experience in accounting &/or 3 years of public accounting.
  • Demonstrated knowledge and application of GAAP.
  • Excellent analytical skills.
  • Must be highly computer literate, including advanced use of Excel.
  • Must be able to establish effective working relationships with Senior Management and Staff at all levels of the organization.
  • Excellent verbal and written communication skills.

Education, Knowledge, Skills and Abilities Preferred:

  • Masters of Business Administration (MBA).
  • Familiarity with Google Suite.

Licenses and Certifications Preferred:

  • 1. Certified Public Accountant (CPA).

If you feel that the above description speaks directly to your strengths and capabilities, then please apply today

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