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Southern Ohio Medical Center · 1 month ago

Accounting Analyst-Capital I

Portsmouth, OH

Full-time

Onsite

Entry Level

2+ years exp

Southern Ohio Medical Center is seeking an Accounting Analyst – Capital Level I to support the financial operations of the hospital. The role involves performing data analysis, journal entries, reconciliations, and financial reporting, with a focus on capital assets and compliance with accounting standards.

Health CareHospitalMedical

Responsibilities

Maintain the fixed asset schedule and reconcile it to the general ledger monthly

Record and monitor asset acquisitions, transfers, retirements, and impairments

Calculate and post monthly depreciation/amortization entries

Ensure timely capitalization of assets in accordance with hospital policy and capitalization thresholds

Maintain all supporting documentation for completed projects including allocated labor and interest

Perform and document periodic physical inventories of fixed assets

Submit invoices to outside entities for lease of SOMC space and equipment ensuring transactions are recorded and receivable balances and payments are monitored

Allocate monthly facility expenses to the corresponding departmental cost centers

Transfer appropriate SOMC expenses to the Title Holding Company

Oversee real estate tax transactions, accrue, and monitor for timely payments

Facilitate the preparation and submission of property tax exemption applications to ensure that, as a charitable organization, SOMC receives all applicable real estate tax exemptions

Track and monitor CIP projects from initiation through completion

Work with Facilities, IT, and department leaders to verify project milestones and costs

Track and record associated internal labor costs to CIP

Reclassify completed projects from CIP to fixed assets promptly and accurately

Reconcile CIP balances monthly and maintain detailed project records

Maintain accurate accounting records for all finance and operating leases, including real estate, medical equipment, and IT leases

Track lease terms, renewals, payment schedules, and lease modifications

Assist in performing lease classification tests and determine proper accounting treatment under ASC 842

Create and maintain amortization schedules for lease liabilities and right-of-use (ROU) assets

Record monthly journal entries for lease-related expenses, ROU asset amortization, and interest expense

Coordinate with legal and procurement teams to identify new or modified lease agreements

Assist in maintaining lease accounting software or lease tracking systems

Prepare and support audit schedules as required

Assist in the preparation of financial statements, footnotes, and disclosures as required

Support annual Medicare and Medicaid cost reporting data as needed

Ensure compliance with GAAP, internal control policies, and relevant federal/state regulations

Perform audits, analyses, and reviews as required

Collaborate with department leaders and clinical staff to align financial practices with operational and patient care goals

Provide proactive guidance to departments on accounting practices and fiscal responsibility that fosters mutual understanding, accountability, and shared decision-making

Support budgeting and forecasting processes by providing timely and accurate data

Support Financial Accounting Manager and/or Admin Director of Accounting and Finance with other projects as assigned

Qualification

Accounting principlesFixed asset accountingLease accounting (ASC 842)Financial reportingHealthcare experienceData analysisBudgeting supportERP systemsCross-functional collaboration