Hackensack Meridian Health · 3 days ago

Financial Analyst III

Edison, NJ

Full-time

Onsite

Senior Level

4+ years exp

Wonder how qualified you are to the job?

Maximize your interview chances

Assisted LivingHealth Care

Insider Connection @Hackensack Meridian Health

Discover valuable connections within the company who might provide insights and potential referrals, giving your job application an inside edge.

Responsibilities

Applies GAAP in carrying out core responsibilities of all assigned duties and special projects.

Consistently and timely communicates with applicable HMH departments, outside Accounting Firms, etc. regarding all inquiries. Timely prepares and communicates the results of reconciliations and analyses to all parties involved.

Leads meetings held with management of applicable HMH departments and Senior Management. Prepares agendas, PowerPoint presentations, meeting minutes, as needed.

Supports and enables the monthly financial close process. Prepares monthly financial statements for each of assigned areas. Compiles financial and statistical information as part of monthly Finance Committee package.

Explains monthly and year-to-date variances and fluctuations (actual-to-budget / actual-to-prior year) using statistical, financial, and operational data.

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.

Properly calculates and records HMH's investment in subsidiaries. Records and reconciles all due to and due from accounts within assigned areas.

Reviews month-end financial and statistical reports prepared by outside accountants for accuracy.

Assists with budgeting and forecasting for capital and operating expenses.

Assists in business integration strategies. Coordinates with outside independent valuation specialists on fair market value and commercial reasonableness of transactions. Works closely with the Legal Department, Executive Office, and the Office of the Chief Medical Officer.

Provide financial analysis support services to other functional areas within HMH.

Other duties and/or projects as assigned.

Additional job functions specific only to those who work with Physician Services are: 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. Variable compensation payments are made on a wRVU or cash model on rolling monthly and quarterly timeframes as appropriate for the individual contracts. Maintains complex pooling arrangements between groups. 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 synch.

Adheres to HMH Organizational competencies and standards of behavior.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

GAAP KnowledgeExcelAccounting ExperienceAnalytical SkillsEffective CommunicationCertified Public Accountant