What are the responsibilities and job description for the Financial Analyst position at University of Iowa Hospitals & Clinics?
Description
University of Iowa Hospitals & Clinics-recognized as one of the best hospitals in the United States-is Iowa's only comprehensive academic medical center and a regional referral center. Each day more than 12,000 employees, students, and volunteers work together to provide safe, quality health care and excellent service for our patients. Simply stated, our mission is : Changing Medicine. Changing Lives.®
The University of Iowa Hospitals and Clinics department of Finance and Accounting Services is seeking a Financial Analyst to help support the accounting and financial reporting demands of Iowa Health Care including, but not limited to, University of Iowa Hospitals and Clinics (UIHC), Carver College of Medicine (CCOM), and University of Iowa Physicians (UIP).
Reporting to the Manager of Accounting & Financial Operations, Carver College of Medicine , the analyst helps support and oversee the preparation of journal entries, supporting work papers, and reconciliations for key financial processes, variance analyses for financial statements, and key performance indicators. The analyst will also be a key member of the team who helps the manager provide technical assistance, training, and education to internal stakeholders regarding accounting processes, financial statement interpretation, and financial reporting applications. A significant portion of the Financial Analyst's primary duties will be focused on the professional-based revenue of the enterprise, CCOM commitments, and assisting with the day-to-day financial operations of CCOM.
This position is eligible for hybrid work within Iowa and will require a work arrangement form to be completed upon the start of your employment. Per policy, work arrangements will be reviewed annually, and must comply with the remote work program and related policies and employee travel policy when working at a remote location .
Position Responsibilities :
- Assisting the Manager of Accounting & Financial Operations, Carver College of Medicine, with financial oversight of accounting functions for multiple reporting entities of UI Health Care. Duties include but are not limited to :
o Timely and accurate preparation of various monthly, quarterly, and annual financial statements
o Performing monthly reconciliations for system-wide asset and liability balances
o Analyzing actual versus budget variances and summarizing key takeaways for professional-based revenues of the enterprise including gross and net patient revenue, Medicaid Directed Payments, wRVUs, and net payments per wRVU
o Serving as an expert in professional-based revenue cycle processes, including integration between Epic-related infrastructure, such as bill areas to the general ledger to integrate new clinical operations into the enterprise
o Maintaining the CCOM commitment database and collaborating with key stakeholders to ensure balances are accounted for properly.
o Coordinating monthly and year-end accounting close processes, including collaborating with internal stakeholders to prepare journal entries.
o Gathering and manipulating raw data from multiple sources for ad-hoc analyses
o Assisting with analysis, interpretation, and implementation of accounting processes to comply with relevant Governmental Accounting Standards Board (GASB) pronouncements and other authoritative sources of generally accepted accounting principles (GAAP)
o Providing guidance to end users of financial reporting applications as well as accounting policies and procedures
o Assisting with the development and testing of new general ledger and financial reporting tools
o Assisting auditors from Auditor of State and external CPA firms with annual financial statement audits
o Fostering strong relationships with key stakeholders and cross-functional teams across the organization
o Contributing new ideas and seeking ways to improve existing processes.
Qualifications
Required
Desired
Application Process : To be considered, applicants must upload a cover letter and resume (under the submission of relevant materials) that clearly address how they meet the listed required and desired qualifications of this position. Job openings are posted for a minimum of 14 calendar days. Successful candidates will be required to self-disclose any conviction history and will be subject to a criminal background check and credential / education verification.
Up to 5 professional references will be requested at a later step in the recruitment process. For questions, contact Sharon Walther at sharon-walther@uiowa.edu .
This position is not eligible for University sponsorship for employment authorization.
