Financial Analyst

GENERAL SUMMARY:

Responsible for assisting in the preparation of the annual capital and operating budget, service line profitability reporting, monthly management reporting and department productivity and benchmark comparisons for Merrick Medical Center (MMC). Provides integral assistance to auditors as it relates to areas of expertise.

PRINCIPAL JOB FUNCTIONS:

• Commits to the mission, vision, beliefs and consistently demonstrates our core values.
• Performs service excellence must-haves to achieve an excellent patient/customer experience.
• Uses quality improvement processes, programs or outcome to help improve department operations.
• Serves as a contact for analysis of financial information and other customer support.
• Completes financial analyses, report preparation, journal entries and detailed review and analysis to ensure accurate and timely processing per departmental and regulatory standards.
• Assesses user needs and makes necessary improvements as they relate to general accounting functions within accepted standards.
• Responsible for the Cash Posting System and reconciliation tasks performed by the entity.
• Responsible for Accounts Payable invoice routing and ensures accurate coding.
• Understands, utilizes and educates others regarding accepted accounting theory and practice to prepare and interpret a broad range of financial reports used by internal managers and the Board of Trustees.
• Assists the Chief Financial Officer (CFO) with departmental financial plans, forecasts, and annual budgets for all entities within MMC.
• Assists with financial statement analytics to provide explanations on account fluctuations.
• Performs detailed review and analysis for major balance sheet and income statement accounts for MMC.
• Prepares supporting reports for use by the CFO and senior management.
• Ensures compliance with and minimizes tax liability through sound and informed application of federal, state, and local tax laws and regulations.
• Oversees the productivity system and operational comparative database.
• Assists with analyzing transactions and performing reconciliations related to MMC's investments; acts as a liaison between external auditors, investment advisors and trust agents. Provides investment notes for quarterly and year-end financial statements.
• Maintains subsidiary ledger detail as requested and verifies reconciliation to the general ledger.
• Prepares all journal entries for financial statements; assists the CFO with their audit including work papers, financial statement notes and year-end schedules.
• Coordinates budget preparation and training for leadership.
• Assists in documentation and monitoring internal controls.
• Assists with preparing tax returns and corporate reporting requirements.
• Maintains professional growth and development through seminars, workshops, and professional affiliations to keep abreast of latest trends in field of expertise.
• Participates in meetings, committees and department projects as assigned.
• Performs other related projects and duties as assigned.

EDUCATION AND EXPERIENCE:

Bachelor's degree in accounting or related field of study required. Minimum of three (3) years accounting experience required. Additional knowledge of healthcare regulations desired.