Account Analyst

About the Role

Assist in planning, designing, implementing, and maintaining an effective and efficient program to ensure compliance with Virginia Medicaid reimbursement cost reporting regulations and to receive maximum reimbursement from the Medicaid program.

Responsibilities

• Provides primary support in various strategic and operational reimbursement issues related to Medicaid and State ICF/IID reimbursement and compliance.
• Reviews monthly expenditures for all ICFs to ensure proper support documentation is provided within Medicaid requirements/guidelines, including external transportation, day programs, and purchase card transactions.
• Handles technical aspects and results of multiple areas of Medicaid reimbursement components, such as cost report preparation and appeals.
• Performs reporting and analysis related to State/Medicaid supplemental payment programs and issues.
• Plans, directs, and manages Medicaid external audits; resolves audit issues and responds to inquiries from Medicaid external auditors.
• Manages Medicaid settlement account monthly estimates, related analysis, and third-party audits.
• Calculates and prepares monthly journal entries for cost report adjustments.
• Ensures accuracy of Medicaid cost report tentative and final settlements, communicates problems to Medicaid, and directs departmental employees in handling related issues.
• Maintains current knowledge of federal and state Medicaid reimbursement and cost reporting laws, regulations, and manual instructions; implements necessary processes and procedures to ensure compliance.
• Develops reimbursement compliance practices with affected departments to ensure activities’ documentation meets cost reporting requirements.
• Provides advice and direction to senior management, staff, and employees to ensure compliance with Medicaid statutory and regulatory requirements.
• Assists in preparation and dissemination of monthly financial statements, such as the statement of financial position, statement of activities, report on changes in financial position, and budget variances.
• Recommends, designs, and implements necessary department controls and procedures.
• Adheres to internal controls, reporting structure, and related duties.
• Supports budget processes and analysis as needed.

Requirements

• Bachelor’s degree in Accounting or Business (preferred) or 5 years of relevant experience.
• Aptitude for technology and demonstrated expertise in the use of Microsoft Office suite of applications.
• Experience in use of Sage Intacct or similar general ledger application.

Skills

• Knowledge and understanding of Medicaid reimbursement regulations.
• Knowledge of State/Medicaid supplemental payment programs and issues.
• Knowledge of generally accepted accounting principles (GAAP).
• Strong attention to detail and accuracy.
• Organization and analytical skills.
• Strong computer skills.
• Effective communication skills; ability to communicate well with coworkers in other departments.
• Ability to work independently.

Physical Demands

• Standing and sitting for extended periods.
• Lifting 10-15 lbs.

Working Environment

Office setting/hybrid.

Supervision

Direct supervision from Senior Accountant and project direction from Controller. Accounting support and guidance from Senior Accountant and Controller.