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Senior Financial Analyst

Job Description

POSITION SUMMARY: 

This position is responsible for accounting and preparation of financial statements, analysis and commentary for assigned contracts as well as supporting payment and payroll cycle tasks.  This position will also be focused on updating monthly financial forecasts for assigned contracts as well as analysis requested by management to project financial impact of potential contract changes.  Additionally, the Senior role is expected to assist Division Finance leadership with continuous improvement, development of formalized accounting policies and procedures for the division, training and assistance with other special projects.

Essential Duties and Responsibilities:

  • Performs monthly accounting responsibilities for assigned contracts:
    • Analyzes information received from Division billing coordinator team and/or billing company information to inform current month estimate of volume.
    • Analyzes information received from scheduling system to inform current month estimate of provider coverage.
    • Evaluates cash per visit (CPV) changes received from billing company to understand impacts of changes in payor mix, acuity, collections, and fee schedule changes for commercial patients, etc.  Reviews CPV summary received from Corporate Accounting to ensure that changes on latest billing company close cycle are accurate and that rate used for current month estimate is reasonable.
    • Evaluates provider compensation rates for regular fees to ensure that current month estimate is accurate using the following:
      • Latest trends based on payroll processed during the month
      • Changes in contracted rates for practice
      • Changes in providers scheduled such as use of Locums, PT providers, physician coverage of mid-level provider (MLP) shifts
    • Evaluates physician bonus accruals to ensure monthly expense contained in estimate file is accurate given type of plan and key drivers.  Ensures that prior month’s accruals that have not been paid out are adjusted as needed to reflect results of actual results for revenue, provider compensation and other expenses (i.e. the non-estimate portion of accrued bonus expense is accurate and complete).
    • Ensures that increased compensation is recorded accurately based on information received from scheduling department – reviews information from scheduling to ensure information appears reasonable given information obtained to determine average provider compensation rate.
    • Ensures that director fees are adequately accrued for in estimate file and reflect latest compensation agreements.
    • Reconciles balance sheet accounts, revenue accounts and prepare monthly support schedules and account analysis.
    • Reviews payroll costing report for assigned locations to ensure that provider compensation is reflected in appropriate GL account given pay element and that providers are appropriately coded to the correct contract for each work assignment.  Also ensures that reported provider hours are accurate.  Proposes journal entries as needed to adjust and/or reclassify financial amounts and/or hours of coverage.
    • Prepares subsidy billing information and sends to billing team in Dallas; for locations not able to be billed in concurrent month, ensures that estimate file reflects accurate accrual for subsidy revenue. Follows up on unbilled subsidy in following month to ensure that accurate bill is calculated and sent to hospital for payment as appropriate.
    • Ensures all outstanding accruals that have not been settled are up-to-date based on latest information.
    • Completes monthly journal entries as needed and sends to Corporate Accounting to posts.  Reviews entries posted by Corporate Accounting to ensure that entry recorded correctly.
    • Performs financial analysis on assigned contracts
      • Reviews all significant variances in the following areas relative to trend and/or budget/forecast.
      • As part of monthly closing responsibilities, provides written commentary on assigned contracts for Division Finance Manager and Director.
    • Publishes monthly financial reporting package to assigned EVP and Client Admin personnel.  Financial reporting package should include comparative financial statements as well as summary of key variances for each contract as appropriate.
    • Processes accounts payable invoices for assigned contracts according to Corporate policies.
    • Prepares calculation of bonus payments as applicable and presents payments to Division Finance and Operational Leadership for approval.
    • Provides support to the Physician and midlevel providers regarding payroll concerns.
    • Develops understanding of all newly assigned contracts including pro-forma assumptions.  Works with Client Administration, Recruiting, and Scheduling to understand any key updates to the pro-forma assumptions and ensures that these are taken into account for all new starts during the initial month of accounting.
    • Assist management  team in tracking latest forecast metrics, particularly those tied to provider coverage and compensation
    • As needed, perform analysis and review of requests made by EVP and/or Client Administration team to evaluate changes in:
      • Coverage,
      • Provider compensation structure
      • Managed Care Fee Schedule or Participating Status Changes
      • Subsidy arrangements
      • Other similar analysis
    • Supports Audit Requests and general ledger research as needed
    • Works with divisional HR Department to manage divisional payroll accounts.
  • Senior Financial Analyst Duties:
    • Evaluates processes used to perform accounting, financial reporting and financial analysis for improvement opportunities.  Communicates opportunities and works with Division Finance Management team on plans to successfully address opportunities.
    • Assists Division Finance Management team by helping develop written documentation of accounting policies and procedures.
    • Assists Division Finance Management team by helping train all new Analysts hired to the team.
    • Compiles all financial statements for publishing to management including normalized version of financials.
    • Develops and helps team implement leading indicator reporting on volume and provide coverage metrics    
    • Completes special projects/reports as assigned.

  • Adherence to and compliance with information systems security is everyone’s responsibility. It is the responsibility of every computer user to know and follow Information Systems security policies and procedures. Attend Information Systems security training, when offered.  Report information systems security problems.
  • Adhere to all company policies and procedures.
  • Perform other duties as assigned.

Minimum Qualifications:

Education/Licensing/Certification:

  • BS/BA in finance or accounting required and CPA preferred.

Experience:

  • Six or more years of experience as a Senior Accountant in a multi-company, multi-location environment helpful.
  • General ledger close for multiple entities, forecasting, financial reporting, account analysis and account reconciliation experience required.
  • Oracle and Outlooksoft experience preferred.

Skills:

  • Knowledge of Excel and Word required.
  • Problem solving skills and ability to lead teams without necessarily having a reporting relationship are key.
  • Must have effective oral, written and interpersonal communication skills.  Must be a self-starter and have the ability to develop analysis of accounts and financial statements with limited supervision.
  • Ability to work with others in a high volume, fast paced environment.

Job Requirements

 

Job Snapshot

Post Date 9/26/2014
Location Clearwater, FL
Employment Type Full-Time
Job Type Accounting
Education Not Specified
Experience Not Specified
Manages Others Not Specified
Industry Healthcare - Health Services
Required Travel None
Job ID 31229
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