Financial Analyst

The Wellness Plan Medical Centers (TWPMC) is looking for a Financial Analyst who will be responsible for all tasks and activities related to the assigned sub-ledgers (accounts payable, cash receipts, billing, fixed assets and payroll). They will also prepare journal entries, reconcile general ledger account, post interface recurring entries and support financial audits and works with internal and external staff to ensure the timeliness, accuracy and integrity of the transactions going in general ledger.

The financial analyst will also provide accurate and data-based information on TWPMC’s profitability, solvency, stability and liquidity as well as research and analyze financial information to help TWPMC make well-informed decisions.

Finance

• Prepare account reconciliations; provide information to explain period-to-period actual variance analysis
• Prepare fixed assets accounting to ensure compliance with appropriate policies and procedures
• Prepare or assists in preparation of schedules to support annual audit and special audit requirements
• Provides leadership and direction for special projects and ongoing assignments in financial accounting, reporting and analysis
• Compile budget data and documents, based on estimated revenues and expenses from previous budgets
• Compile statistical, financial, accounting or auditing reports pertaining to such matters as cash receipts and accounts receivable
• Prepare and submit daily Cash Flow Report to ensure availability of operational funds
• Reconcile and prepare deposits of Medical Center receipts by compiling data, verifying and balancing receipts, and forwarding cash, checks or other forms of payment to bank
• Process all bank wire transfers, stop payments and other bank related transactions.
• Prepare and submit payroll tax account schedule for 941 payroll taxes
• Responsible for maintaining and updating TWPMC tenants' rental income schedule

Accounting

• Assist in General Ledger closing and monthly ledger processing, analysis, invoicing and fixed asset accounting
• Assist or prepare financial information and reports to support internal and external reporting requirements and presentations
• Process electronic Fidelity and Equitable/Lincoln payments (pension loans and 403(b)
• Prepare and process accounting entries
• Assist with research and basic technical accounting financial questions
• Manage Accounts Payable in absence of Accounting Support Specialist
• Coordinate payroll annual audits (Workman’s Compensation Audit, Fidelity Pension Audit, Unemployment Audit, etc.)

Payroll

• Process all new hire information (i.e., Personnel Change Forms and Tax Documents) into ADP Payroll system
• Prepare, process and submit electronic payroll file to ADP for payroll processing
• Process all bi-weekly employee deduction check request for payment
• Review payroll received from ADP and electronically load new files
• Sort and distribute checks by department and Medical Center
• Distribute Payroll Reports: Payroll Summary Report, Labor Distribution Report, Wage Garnishment Reports and Payroll Registers to ensure cost recognition
• Prepare and process year-end reports: Payroll Schedule, COBRA Tax Credit Schedule and W2’s
• Prepare and process bi-weekly reports: Overtime Report, Temporary/Contingent Hours Worked, Temporary Earnings, FTE Monthly Worked Hours Report, Combined Time Off (CTO) Report and Fidelity Report 401(k).
• Prepare and process monthly payroll journal entry accrual via general ledger interface
• Create, compare and review Employee Hourly Summary reports to employee time sheets for accuracy.
• Reconcile, process and review employees’ hours taken to the CTO Report and make all necessary adjustments.

Formal education required:

• Bachelor's Degree in Finance, Economics or related field

Experience/skills/ability required (number of years and type, if applicable):

• 5-years of experience working in the Finance Department in a health care setting
• 2-years of experience working with Financial and Billing Software systems
• Proven working experience as a Finance Analyst
• Proficient in spreadsheets, databases, MS Office and financial software applications
• Direct experience with statistical analysis and statistical packages
• Outstanding presentation, reporting and communication skills
• Proven knowledge of financial forecasting and diagnosis, corporate finance and information analysis
• Experience working with financial and statutory audits
• Well informed in current financial subjects, accounting, tax laws, money market and business environments
• Excellent interpersonal and customer service skills
• Good judgment, conceptual skills and organizational skills
• Ability to prioritize and multitask

Further formal education which is not required but which may be desirable:

• MBA, Healthcare Management
• CMA Certification

Additional knowledge, skills and abilities which are not required but which may be desirable:

• Analytical skills and experience in managing projects
• Billing and receivables work experience will be a definite plus
• Bank reconciliation experience
• Fixed asset experience
• Computer Skills: Word, Outlook, Excel and web navigation skills

QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

AUTHORITY: The staff member should be able to carry out the job functions under the following conditions: Infrequent supervision, instructions, discretionary authority and seldom supervision of others and within workspace in a typical office setting.

PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

MENTAL DEMANDS: The mental demands for this position include but are not limited to the ability to concentrate, balancing competing priorities, work under tight deadlines, alertness, high degree of analytic capabilities, excellent and persuasive interactional skills, presentation skills.

WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Environmentally controlled medical office environment
• Possible exposure to patients with illness and or infections
• Frequent interaction with a diverse population including team members, providers, patients, insurance companies and other members of the public

DISCLAIMER: "This description is intended to describe the type and level of work being performed by a person assigned to this job. It is not an exhaustive list of all duties and responsibilities required by a person so classifie

Job Type: Full-time

Pay: $70,000.00 - $80,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Day shift

Work Location: In person

Salary : $70,000 - $80,000