Financial Analyst III

About the role

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. This Financial Analyst III role 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.).

You 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. This hybrid position requires onsite attendance 1-2 times a month.

Responsibilities

• 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 with management of applicable HMH departments and Senior Management; prepares agendas, PowerPoint presentations, and meeting minutes as needed.
• Supports and enables the monthly financial close process.
• Prepares monthly financial statements for each assigned area.
• Compiles financial and statistical information as part of the monthly Finance Committee package.
• Explains monthly and year-to-date variances and fluctuations (actual-to-budget / actual-to-prior year) using statistical, financial, and operational data.
• 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.
• 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.
• Provides financial analysis support services to other functional areas within HMH.
• Performs other duties and/or projects as assigned.

Additional responsibilities for those working with Physician Services:

• Works with Manager, Physician Pay & Planning and/or Regional Site Controllers to interpret, complete, and deliver variable compensation payments to physicians for assigned groups within the Network. Payments are made on a wRVU or cash model on rolling monthly and quarterly timeframes as appropriate for individual contracts.
• Maintains complex pooling arrangements between groups.
• Completes monthly reconciliation process for standard leased practices; verifies expense, payments, and accruals are accurate.
• Prepares letters and backup 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.
• Manages variable compensation GL accruals and roll forward.
• Reviews and completes monthly accruals for physicians on all models; coordinates with accountants to ensure accruals are in sync.
• Adheres to HMH Organizational competencies and standards of behavior.

Requirements

• Bachelor's degree in Accounting or Finance.
• Minimum of 4 years of progressive experience in accounting and/or 3 years of public accounting.
• Demonstrated knowledge and application of GAAP.
• Excellent analytical skills.
• Highly computer literate, including advanced use of Excel.
• Ability to establish effective working relationships with Senior Management and staff at all levels of the organization.

Preferred Qualifications

• Master of Business Administration (MBA).
• Certified Public Accountant (CPA).

Pay

Minimum rate of $97,011.20 annually. The posted rate of pay is a reasonable good-faith estimate of the minimum base pay for this role at the time of posting and does not reflect the full value of our market-competitive total rewards package. The starting rate may vary based on labor market data, experience, education, certifications, skills, geographic location, internal equity, budget, and grant funding.

Full-time and part-time (20+ hours/week) positions are eligible for a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits. Some positions may also be eligible for performance-based incentives, bonuses, commissions, or shift differentials for work performed on evening, night, or weekend shifts.