Overview:
Our 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 III is responsible for planning, monitoring, and coordinating specific departmental functions, and for compiling and analyzing financial information related to assigned areas (i.e. corporate affiliates, physician services, partner companies, management service agreements ('MSA'), partnerships, etc.). Will work closely with Physicians, Administrative Directors, the Legal Department, and the Executive Office on various analyses, projections, annual capital and operating budgets, and reconciliations as appropriate and applicable. Job responsibilities include all financial aspects of Hackensack Meridian Health's (HMH) goals, which also include all operational matters affecting the preparation and reporting of monthly financial statements, budgeting, audit coordination, internal controls compliance, PeopleSoft general ledger build & maintenance, and oversight on outsourced accounting functions.
**This is Hybrid position - attendance required onsite in office 1-2 times a month.
Responsibilities:
A day in the life of a Financial Analyst III at Hackensack Meridian Health includes:
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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.
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Explains monthly and year-to-date variances and fluctuations (actual-to-budget / actual-to-prior year) using statistical, financial, and operational data.
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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.
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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.
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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.
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Adheres to HMH Organizational competencies and standards of behavior.
Qualifications:
Education, Knowledge, Skills and Abilities Required:
- Bachelor's degree in Accounting or Finance.
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Minimum of 4 years of progressive experience in accounting &/or 3 years of public accounting.
- Demonstrated knowledge and application of GAAP.
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Excellent analytical skills.
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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.
Education, Knowledge, Skills and Abilities Preferred:
- Masters of Business Administration (MBA).
Licenses and Certifications Preferred:
- Certified Public Accountant (CPA).
If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!
Starting Minimum Rate: Minimum rate of $97,011.20 Annually Job Posting Disclosure: HMH is committed to pay equity and transparency for our team members. The posted rate of pay in this job posting is a reasonable good faith estimate of the minimum base pay for this role at the time of posting in accordance with the New Jersey Pay Transparency Act and does not reflect the full value of our market-competitive total rewards package. The starting rate of pay is provided for informational purposes only and is not a guarantee of a specific offer. Posted hourly rates may be stated as an annual salary in the offer and posted annual salaries may be stated as an hourly rate in the offer, depending on the level and nature of the job duties and credentials of the candidate. The base compensation determined at the time of the offer may be different than the posted rate of pay based on a number of non-discriminatory factors, including but not limited to: Labor Market Data: Compensation is benchmarked against market data to ensure competitiveness. Experience: Years of relevant work experience. Education and Certifications: Level of education attained, including specialized certifications, credentials, completed apprenticeship programs or advanced training. Skills: Demonstrated proficiency in relevant skills and competencies. Geographic Location: Cost of living and market rates for the specific location. Internal Equity: Compensation is determined in a manner consistent with compensation ranges for similar roles within the organization. Budget and Grant Funding: Departmental budgets and any grant funding associated with the job position may impact the pay that can be offered. Some jobs may also be eligible for performance-based incentives, bonuses, or commissions not reflected in the starting rate. Certain positions may also be eligible for shift differentials for work performed on evening, night, or weekend shifts. In addition to our compensation for full-time and part-time (20+ hours/week) job positions, HMH offers a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits.
