Location
Iowa | United States
Job description
Full job description
University of Iowa Hospitals & Clinics—recognized as one of the best hospitals in the United States—is Iowa's only comprehensive academic medical center and a regional referral center. Each day more than 12,000 employees, students, and volunteers work together to provide safe, quality health care and excellent service for our patients. Simply stated, our mission is: Changing Medicine. Changing Lives.®
The University of Iowa Hospitals and Clinics department of Finance and Accounting Services is seeking a Financial Analyst to help support the accounting and financial reporting demands of Iowa Health Care including, but not limited to, University of Iowa Hospitals and Clinics (UIHC), Carver College of Medicine (CCOM), and University of Iowa Physicians (UIP). The analyst will report to the Associate Director of Revenue Accounting who will help support and oversee the preparation of journal entries, supporting workpapers and reconciliations for key financial processes, variance analyses for financial statements and key performance indicators. The analyst will also be a key member of the team who helps the Associate Director in providing technical assistance, training, and education to internal stakeholders regarding accounting processes, financial statement interpretation, and financial reporting applications. A significant portion of the Financial Analyst’s primary duties will be focused on professional-based revenue of the enterprise, CCOM commitments, CCOM gifts, and assisting with day-to-day financial operations of the CCOM.
This position is eligible for hybrid work within Iowa and will require a work arrangement form to be completed upon the start of your employment. Per policy, work arrangements will be reviewed annually, and must comply with the remote work program and related policies and employee travel policy when working at a remote location.
Position Responsibilities:
Assisting the Associate Director of Revenue Accounting with financial oversight for accounting functions for multiple reporting entities of UI Health Care. Duties include but are not limited to:
- Timely and accurate preparation of various monthly, quarterly, and annual financial statements
- Performing monthly reconciliations for system-wide asset and liability balances
- Analyzing actual versus budget variances and summarizing key takeaways for professional-based revenues of the enterprise including gross and net patient revenue, Medicaid Directed Payments, wRVUs, and net payments per wRVU
- Serving as an expert in professional-based revenue cycle processes including integration between Epic-related infrastructure such as bill areas to the general ledger to integrate new clinical operations into the enterprise
- Maintaining the CCOM commitment database and collaborating with key stakeholders to ensure balances are accounted for properly.
- Coordinating monthly and year-end accounting close processes, including collaborating with internal stakeholders to prepare journal entries.
- Gathering and manipulating raw data from multiple sources for ad-hoc analyses
- Assisting with analysis, interpretation, and implementation of accounting processes to comply with relevant Governmental Accounting Standards Board (GASB) pronouncements and other authoritative sources of generally accepted accounting principles (GAAP)
- Providing guidance to end users of financial reporting applications as well as accounting policies and procedures
- Assisting with the development and testing of new general ledger and financial reporting tools
- Assisting auditors from Auditor of State and external CPA firms with annual financial statement audits
- Fostering strong relationships with key stakeholders and cross-functional teams across the organization
- Contributing new ideas and seeking ways to improve existing processes.
Required
- Bachelor’s degree or equivalent amount of education and experience
- At least 6 months of accounting, auditing, and/or financial analysis experience
- Self-motivated with a passion for continuous learning and a desire to take on tough and challenging projects.
- Superb time management skills and the ability to multi-task and work in a fast-paced environment
- Strong attention to detail and demonstrated ability to perform complex financial analyses.
- Excellent written and verbal communication skills
- Ability to think critically and creatively when working with data.
- Demonstrated proficiency with Microsoft software applications including Excel, PowerPoint, Outlook, and Word
Desired
- Certified Public Accountant license
- Master’s degree in Business Administration or Accounting
- Experience in health care accounting. Preference is given to a background in an academic setting.
- Demonstrated ability to filter through ambiguity while executing on the details of tasks under tight deadlines.
- Demonstrated ability to work independently and in conjunction with cross-functional teams
- Demonstrated ability to transform data into useful information tailed to leadership needs through storytelling and data visualization.
- Experience with relational databases, structured query language (SQL), Tableau, PowerBI
- Experience in identifying opportunities for operational improvement, using creative efforts to bring about solutions.
- Ability to work effectively in ambiguous and complex situations.
- Knowledge of University of Iowa accounting principles, internal controls, and information systems
Dual Postings: The department intends to hire for one position from either Financial Analyst, requisition #24001962, or Senior Financial Analyst, requisition #24001950, based on the qualifications of the successful candidate. Please apply to the specific position for which you wish to be considered or both.
Application Process: To be considered, applicants must upload a cover letter and resume (under the submission of relevant materials) that clearly address how they meet the listed required and desired qualifications of this position. Job openings are posted for a minimum of 14 calendar days. Successful candidates will be required to self-disclose any conviction history and will be subject to a criminal background check and credential/education verification.
Up to 5 professional references will be requested at a later step in the recruitment process. For questions, contact Sharon Walther at [email protected].
This position is not eligible for University sponsorship for employment authorization.
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