OverviewOur team members are the heart of what makes us better.At Hackensack Meridian Health we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.The Financial Analyst is responsible for financial analysis projects and statistical studies. Projects may include evaluation of potential investments, acquisitions of applicable organizations and/or practices and development of assigned service line(s). Job responsibilities include all financial aspects of assigned service line(s); Hackensack Meridian Health's (HMH) goal to achieve growth through applicable acquisitions; development of applicable programs; prepare and report monthly financial statements, budget, audit coordination and internal controls compliance; build and maintain PeopleSoft general ledger; and support outsourced accounting functions.ResponsibilitiesA day in the life of a Financial Analyst at Hackensack Meridian Health includes:
Applies GAAP in carrying out core responsibilities of all assigned duties and special projects.
Compiles and analyzes data regarding anticipated acquisitions, conducts due diligence, and uses this information to develop integrated revenue/expense analyses, projections, reports, and presentations regarding the impact of an acquisition or implementation, as well as analyze applicable service line(s) operational budgets.
Assists in business integration strategies. Coordinates with outside independent valuation specialists on fair market value and commercial reasonableness of transactions.
Performs budgeting financial forecasting. Analyzes trends, costs, revenues, financial commitments and obligations incurred to predict future revenues and expenses of assigned areas.
Make recommendations on annual and operational budgets and submit monthly reports requested by the applicable administrators as well as management.
Reports the monthly financial operations of assigned areas as appropriate to management.
Completion of ledger accounts and financial statements and monthly variance reports.
Performs general accounting function. Ensures financial information has been recorded accurately.
Reviews intercompany transactions and accounting controls to ensure proper elimination of intercompany transactions upon consolidation with HMH.
Prepares, complies, and reviews financial reports, tax returns, and survey information for internal, external, governmental, and non-governmental reporting.
Other duties and/or projects as assigned.
Additional job functions specific only to those who work with Physician Services are: Independently handles projects including assigned areas of compensation modeling and benchmarking and maintains the integrity of the benchmarking database; reviews of, complex quarterly variable compensation as assigned; completes detailed contract review and summaries for distribution. Assists in the completion of business plans and feasibility studies as requested, including completion of profit and loss statements. Responsible for specified areas of the budget related to provider compensation and position control. This position coordinates the maintenance of the contract database system and labor distribution report tracking and use. Responsible for assigned revenue analytics, assigned areas of the revenue proof and specialty reporting including but not limited to CPC+, PCMH, and other clinical programs requiring specialized knowledge. This position will work on special projects for senior leaders as needed which will likely include revenue cycle analytics as well as implementation and/or conversion issues.
Adheres to HMH Organizational competencies and standards of behavior.
QualificationsEducation, Knowledge, Skills and Abilities Required:
Bachelor's degree in Accounting, Finance, Business Administration or other related field.
Minimum of 6 years of progressive experience in accounting and/or 5 years of public accounting.
Strong working knowledge of an integrated General Ledger System.
Strong knowledge of GAAP.
Must be highly computer literate, including advanced use of Excel and/or Google Sheets
Must be willing to roll up sleeves.
Must be able to establish effective working relationships with Senior Management and Staff at all levels of the organization.
Proficient with querying and manipulating data, preparing business plans and completing and reporting on data analyses
Demonstrates a high degree of business acumen, sound judgment and discretion in decision making, problem solving and project management in a fast paced, high performance environment
Excellent written and verbal communication skills.
Proficient computer skills that include but are not limited to Microsoft Office and/or Google Suite platforms.
Education, Knowledge, Skills and Abilities Preferred:
Masters of Business Administration (MBA).
Experience in a multi-subsidiary.
Licenses and Certifications Preferred:
Certified Public Accountant License.
If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!Department Financial PlanningSite HMH Hospitals CorporationJob Location US-NJ-EdisonPosition Type Full Time with BenefitsStandard Hours Per Week 40Shift DayShift Hours 8:30 a.m- 5 p.mWeekend Work No Weekends RequiredOn Call Work No On-Call RequiredHoliday Work No Holidays Required
