Financial Analyst

10 Jun 2024

Vacancy expired!

The Financial Analyst is responsible for overall functions and controls within the business office of assigned communities. This position focuses primarily on key accounting functions such as maximizing cash flow, reporting timely accruals and enforcing our Procure to Pay processes; however, includes other functional tasks as assigned. This role serves as the liaison between the community and the corporate and regional staff. Interface as needed with Executive Directors (ED), Directors of Operations (DOP) and the Corporate Accounting Team.

Primary Responsibilities:

Accounting:
  • Maintain timeliness and integrity of all financial information. Establish controls to assure accuracy and timeliness of month end close to include ancillary billing, census balancing, cash posting and balancing and accrual reporting.
  • Review monthly financial statements to include both revenue and expenses, if applicable, and communicate issues/concerns to the respective ED, appropriate regional and corporate staff.
  • Participate in the development of the departmental budget.
  • Strong work ethic and demonstrated history of reliable work record.
  • Must be able to handle multiple projects and changing priorities.

Accounts Receivable:
  • Assure implementation and adherence to company’s governance and controls to include policies and procedures for financial functions, SOX requirements and HIPPA compliance with integrity and at a high degree of accuracy and attention to detail.
  • Research and review outstanding accounts for resolution regularly. Assess level of bad debt reserves, review, recommend and submit write-offs. Review Medicare, Medicaid and insurance remittance advices and rebill as applicable.
  • Follow Collections Policies and Procedures to include issuing late notices and making collection calls, expedite billing and collection procedures to maximize revenue and cash flow.
  • Interact with various long-term care offices to correct any problems that may occur.
  • Provide assistance to community staff and senior management as requested.
  • Assume additional responsibilities as delegated by senior management.

Procure to Pay:
  • Obtain a comprehensive understanding of the company’s Procure to Pay process and Purchase Order (PO) requirements to ensure full program compliance.
  • Engage in ethical and unbiased procurement practices, giving careful consideration to avoid conflicts of interests upon vendor engagement.
  • Acts as the liaison with National Vendors.
  • Review, validate and modify requisitions to align with policy guidelines for most goods and services in advance of commencing any vendor engagement.
  • Responsible for proactive management of open PO’s to track timely receipts in Workday upon delivery of goods or services and ensure timely submission of vendor invoices for processing and monitor through payment.
  • Investigate and resolve payable issues with vendors.
  • Review, validate and track New Supplier Requests as necessary.

Education and/or Experience/Requirements:
  • Associates degree in Business Administration/Accounting preferred. Additional relevant experience may be substituted for advanced education.
  • Minimum of three (3) years’ experience in third party billing/collections and at least one (1) year experience in a supervisory capacity required.
  • Must have thorough working knowledge of PC and spreadsheet applications.
  • Demonstrate satisfactory level of interpersonal skills to interact with facility staff, administration, residents, families, vendors and governmental agencies.
  • Demonstrate the willingness to generate new ideas for change, evaluate and recognize priorities, challenge others to learn, communicate and model organization values, foster high performance, recognize need for and provide adequate resources. Identify processes for improvement in daily work.
  • Demonstrate the knowledge and understanding of resident rights. Respect the rights, dignity and individuality of each resident in all interactions.
  • Demonstrate honesty and integrity at all times in the care and use of resident and facility property.
  • Establish knowledge of emergency and disaster procedures of the facility.
  • Demonstrate respect for co-workers and respond to needs of residents by complying with facility policies and procedures.
  • Demonstrate the ability to prioritize tasks/responsibilities and complete duties within established deadlines.
  • Ability to carry out the essential functions of this job (with or without reasonable accommodation).
  • Access continuing education opportunities appropriate to responsibilities. Utilize state agency and Medicare Intermediary websites to understand current and on-going billing regulatory changes and maintain technical skills to perform job duties.

  • ID: #42726898
  • State: Massachusetts Newton 02458 Newton USA
  • City: Newton
  • Salary: Depends on Experience
  • Job type: Contract
  • Showed: 2022-06-10
  • Deadline: 2022-08-01
  • Category: Accounting/finance