Financial Analyst III
Hackensack Meridian Health
- Middlesex, NJ
- Permanent
- Full-time
- 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.
- Bachelor's degree in Accounting or Finance.
- Minimum of 4 years of progressive experience in accounting &/or 3 years of public accounting.
- Demonstrated knowledge and application of GAAP.
- Excellent analytical skills.
- Must be highly computer literate, including advanced use of Excel.
- Must be able to establish effective working relationships with Senior Management and Staff at all levels of the organization.
- Masters of Business Administration (MBA).
- Certified Public Accountant (CPA).
20232023 & 2022 Magnet Designationsfor 9 HMH Institutions2022Newsweek 2022 Best Hospitals USA- HUMC - #572022Newsweek 2022 America’s Best Addiction Treatment CentersBlake Recovery Center at Carrier Clinic - #22023Diversity Inc. 2023Top Hospital and Health Systems2022Becker’s Hospital Review 2022- Top Places to Work in HealthcareJOBS FOR YOURelated JobsSave Job Save Job Save Job Save Job Recently Viewed JobsYou have no recently viewed jobs Jobs Near YouSave Job Save Job Save Job Save JobWE KEEP GETTING BETTERAt Hackensack Meridian Health, we help our patients live better, healthier lives – and we help one another succeed. Here, competitive benefits are just the beginning. It’s also about how our team members support one another and how we show up for our community. Together, we’re ready to transform health care and advance our mission to serve as a leader of positive change.pauseSTAY CONNECTEDFrom roles that are right for you to new opportunities, join our talent community and stay up to date with job openings and more.Follow usHackensack Meridian Health does not conduct interviews over Microsoft Teams, charge for interviews or request financial information.