Cash Operations Senior Financial Analyst

The Sr Financial Analyst is a financial accounting generalist position that requires heavy experience in the multi facets of finance and accounting as it relates to health care operations and financial accounting. Provides large-scale analysis on internal control and financial accounting processes. Provides a data source and interface between the traditional back office Finance/IT areas and the departments as related to operations and back office financial accounting. This position must be fluid and knowledgeable of processes and systems of each.

• Business Process Planning as related to Patient Financial Services and Back-Office AccountingBusiness process development (existing, new and expansion assessments)
• Develop financial and internal control process plans and documents as related to the Controller’s Office and Patient Financial Services
• Serve as a resource for the Controller’s Office and Patient Financial Services in the development of business processes including: documentation of procedures; internal control review, documentation and compliance with ARMICS; analysis of current operational processes; collaboration with revenue cycle; reimbursement; and cost accounting elements.
• Assist in communications about process development, status and implementation to assure clear understanding
• Assure complete preparation for process implementation of procedures within the Controller’s Office, Cashiering and Patient Financial Services functions and associated information systems
• Decision Support and Financial Accounting Data Management Working knowledge of Hyperion and PeopleSoft in order to have the ability to analyze, create and interpret the data and related financial reports Possess familiarity and ability to utilize and communicate limitation and strength of data and reports as it relates to operations and financial accounting Communicate effectively with Administrators and Managers regarding financial accounting data and metrics used to evaluate financial performance Complete Ad hoc analytical reports
• Tailor data queries to obtain information appropriate to specific issue/concern
• Formulate analysis to reflect accurately the information available
• Utilize standard reporting formats or customize reports for specific purpose
• Examine processes for elimination, consolidation, improvement, or other changes that will enhance financial performance, internal controls, and analytics
• Budgeting Support - Controller’s Office, Patient Financial Services - Operating and Capital Assist Administrators in the development of operating and capital budgets as related to the Controller’s Office and Patient Financial Services Communicate to and assist Administrators and Managers responsible for Operating and Capital budget preparation to meet budget process schedules, goals and objectives Assist Budget Office in:
• Design of budget process and tools
• Meeting timetable for budget development
• Layout of data requirements, reporting format for budget preparation, and analysis
• Assessment of budget processes for improvement
• Research and prepare analysis as necessary. Prepare capital budget requests for submission to Capital Approval Committee and/or designated Chief Officer, including:
• Analysis of lease versus purchase scenarios
• New versus replacement capital investments
• Coordination with asset management
• Operating Performance Measures/Analysis Develop systematic review of internal financial accounting and performance reports to insure revenue and expense data integrity and recognition Perform necessary General Ledger account reconciliations by the 10th working day of the succeeding month Preparation of journal entries assuring performance reports accurately reflect statistical and expense data Complete research and documentation on variance analysis used for financial reporting purposes at the Healthsystem level, to include UPG and SOM at a global financial reporting level Lead the Controller’s Office and Decision Support in:
• Continuing analysis of existing reports, their possible improvements and benefits
• Account maintenance to assure accurate capture and reporting of cost and revenue data
• Trend performance as requested by Administrators, Operations Managers, Executive Leadership and Finance Management, developing year end projection from most recent data available Assess staffing levels based on FTE and paid hours to provide feedback to operations management on adequacy, benchmark data and performance against budget comparison. Examine and assess opportunities to have cost savings for Medical Supplies, Supplies and Purchased Services (OTPS) Emphasis on specific objectives(accuracy, timeliness, and reconciliation) as related to revenue and expense recognition and reconciliation
• Develop and document workflow processes between Patient Friendly Billing, Cashiering, and Cash Posting to ensure daily and monthly reconciliation, appropriate segregation of duties, and reasonable internal controls for each area of the back office Interface with external vendors managing accounts receivable outside of EPIC, specifically Inmar and Reimbursement Concepts Support the financial, budgeting, and reporting needs for Continuum and Pharmacy to include the monthly close process, year-end process, and budgeting
• In addition to the above job responsibilities, other duties may be assigned.

Position Compensation Range: $73,444.80 - $117,520.00 Annual

MINIMUM REQUIREMENTS
Education: Bachelor’s Degree required

Experience: 7 years relevant experience

Licensure: CPA preferred

PHYSICAL DEMANDS
This is primarily a sedentary job involving extensive use of desktop computers. The job does occasionally require traveling some distance to attend meetings, and programs.

The University of Virginia, i ncluding the UVA Health System which represents the UVA Medical Center, Schools of Medicine and Nursing, UVA Physician’s Group and the Claude Moore Health Sciences Library, are fundamentally committed to the diversity of our faculty and staff. We believe diversity is excellence expressing itself through every person's perspectives and lived experiences. We are equal opportunity employers. All qualified applicants will receive consideration for employment without regard to age, color, disability, gender identity or expression, marital status, national or ethnic origin, political affiliation, race, religion, sex, pregnancy, sexual orientation, veteran or military status, and family medical or genetic information.