Financial Analyst - Urology

The University of Iowa Health Care Department of Urology is re ady to welcome a collaborative and motivated Financial Analyst to p rovide accounting, financial, and productivity analysis, leadership and support. The primary responsibility of this position will be to assist with budget preparation, financial compliance monitoring and documentation, cost accounting analysis of financial reports and data, monitoring and reconciling accounts, general ledger entries, preparation of dashboards and reports for leadership team. Additionally, this position will need to assist with analysis of payments, payer mix, and other data as determined.

Financial Oversight and Budgeting:

• Monitor and reconcile account expenditures, irregularities, answer inquiries regarding usage and status of accounts; advise in usage and status of account; provide recommendations and implement corrective action.

• Develops forecasting reports for monitoring and trending of data related to all areas of urology for budgeting purposes.

• Review totals, prepare monthly & yearly reports, accruals, salary & fringe predictions for quarterly and yearly budgets. Monthly monitoring and validation of general ledger and all entries.

• Reconciles bank deposits.

• Understands risk points and works to minimize.

• Develop overall understanding of accounting structure and ensure reimbursement is being received appropriately.

• Research and follow up with payers as appropriate/needed when remits or reimbursements are not as expected.

• Work with financial team to balance accounts, set up accruals, close out accounts, review malpractice reports, work on departmental budgets, forecasts and analyze data as requested.

• Review and analyze Funds Flow monthly and prepare entries to have funds deployed to proper MFKs.

• CCOM commitments & purchased services evaluated and tracked.

• Assist with analysis of payments, payer mix, and other data as determined.

• May contribute to implementation of policies and procedures. May perform external reporting requiring compliance with reporting standards.

Financial Reporting:

• Review data on a pre-defined basis for analysis and sharing with leadership team.

• Complete routine recurring account reconciliations.

• Answer questions; obtain and input information; ensure information is current and accurate; prepare reports.

• Prepares dashboards related to different areas (overall, area specific, specialty) of urology practice.

• Provide analytical support, including design, implementation, coordination, and data querying to support financial improvements.

• Prepare financial forecasts for Administrator as requested, for numerous reports from expenses, salaries, VA commitments, monthly departmental snapshots and comparison to prior years.

Financial Analysis and Planning:

• Assist with the development of financial proformas for financial planning.

• Through data analysis, identify opportunities for business improvements.

• Liaise with the University of Iowa Foundation and review spending and money transfers as needed.

• Point person for Department of Urology and between University and outside entities.

• Set up bill areas for new providers, entering effort into METS and generating reports & reviewing each provider.

• Analyzing areas that can be streamlined and implementing efficiencies.

Transaction Processing:

• Correcting accounts with JE and or WebCV, payCV and requesting corrections from other depts as needed.

• Process transactions/payments as appropriate in ePro system.

• Answer questions & resolve account discrepancies with budgeting, salaries, new hires, MFKs, remaining balances & assets in clinic.

• Prepare documentation; submit routing forms and obtain contract approvals as required; monitor and follow up as appropriate.

• Approval officer for the departmental transactions in workflow.

Leadership and Training:

• May provide training and functional and/or administrative supervision for staff.

• Assist with MFK, travel, purchasing questions and troubleshooting where needed.

• Development of project plans and workflows.

Required Qualifications

• Bachelor's degree in Business Administration, Finance and Accounting, or related field or an equivalent combination of education and experience.

• 1 to 3 years accounting and/or financial experience.

• Excellent written, verbal and interpersonal communication skills.

• Experience gathering information from multiple data sources understanding the context and demonstrating detailed analytical skills with the ability to turn raw data into actionable information

• Demonstrated proficiency in computer software applications, including Microsoft Word, Excel and various databases.

• Demonstrated problem-solving skills requiring a high level of collaboration, attention to detail, accuracy, and independent judgement.

Desirable Qualifications:

• Experience with account reconciliation.

• Experience working in a large academic medical center.

• Knowledge of University of Iowa business/accounting policies, procedures and regulations.

• Knowledge of University of Iowa budgeting and accounting tools including: Peoplesoft, StrataJazz, GL Reporter, PowerBI, and Electronic Financial Reports (EFR)

Application Process:

In order to be considered for an interview, applicants must upload the following documents and mark them as a "Relevant File" to the submission: