Financial Accountant

2 weeks ago


Maryland, United States MedStar Medical Group Full time

Overview of the Role
As a key member of the accounting team, the Financial Accountant collaborates with fellow staff accountants under the guidance of a senior accountant within the General Accounting division. This role is essential in supporting the financial reporting and accounting functions for various business units, including community hospitals, academic medical centers, and specialized healthcare providers. The accountant will engage with diverse reimbursement methodologies such as Medicare, Medicaid, and private insurance systems, ensuring compliance with both for-profit and non-profit organizational structures.

Key Responsibilities

  • Conducts thorough analysis of financial data and accurately processes monthly journal entries, providing necessary documentation to support these entries.
  • Evaluates current accounting practices and suggests improvements to enhance operational efficiency.
  • Assists in the preparation and review of monthly financial statements, contributing to the analysis and interpretation of accounting records for management's use.
  • Ensures timely completion of monthly account reconciliations and analyses, promptly addressing any discrepancies identified.
  • Follows the established month-end close schedule to complete journal entries and maintains comprehensive records of routine transactions.
  • Supports the achievement of departmental goals by adhering to policies, procedures, and quality standards while ensuring compliance with regulatory requirements.
  • Identifies and escalates any accounting issues that arise during the execution of duties.
  • Participates in quality improvement initiatives and collaborates in multidisciplinary teams.
  • Performs additional responsibilities as assigned, remaining informed on current accounting practices and healthcare regulations.

Qualifications

Education

  • Bachelor's degree in Accounting, Finance, or Business Administration is required.

Experience

  • 1-2 years of relevant experience in public or private accounting, particularly within healthcare or multi-entity environments is required.

Skills and Competencies

  • Proficient in word processing and spreadsheet software applications.
  • Strong verbal and written communication abilities.

This position offers a competitive salary range of $63,793 - $107,411.



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