Job Details

FINANCIAL ANALYST - PLEASE REVIEW ALL REQUIREMENTS BELOW

Department: Finance Administration
Reports To: Manager, Budget & Reimbursement
Working location address: 146 Metlars Lane, Piscataway, NJ 08854
Work Arrangement: Hybrid (3 days onsite / 2 days remote) *Possibly going back to office full time - 5 days per week in the near future.
Temp to hire

*This is a 2-round interview process. Prior to accepting an offer the candidate would have to take an advanced Excel test issued by facility*

JOB SUMMARY:

The Financial Analyst supports reimbursement and budgeting functions within the Finance Administration department. Responsibilities include preparation and analysis of Medicare Cost Reports, budget development, IRIS submissions, monthly statistics, variance analysis, and other financial projects as needed.

ESSENTIAL RESPONSIBILITIES:
• Assist with preparation and analysis of the annual Medicare Cost Report and New Jersey SHARE report, ensuring timely and accurate submission
• Coordinate physician time studies and maintain cost report schedules
• Work with department managers to collect and review required cost report data
• Assist with preparation and analysis of monthly financial statements and related reports
• Generate monthly statistical reports and prepare comparative reports for leadership and the Board
• Prepare and analyze IRIS (Intern Resident Information System) data submissions and ensure regulatory compliance
• Support the annual operating and revenue budget process, including statistical and revenue schedules
• Perform monthly variance analysis and provide budget feedback to departments
• Maintain the Community Benefit Inventory Social Accountability (CBISA) database
• Assist with preparation of the annual Medicaid DSH (Disproportionate Share Hospital) report
• Support additional financial analysis projects as needed

QUALIFICATIONS:
• Bachelor's degree in Accounting, Finance, or Business required
• Minimum of 2-3 years of accounting experience in a hospital setting required
• Candidates MUST HAVE reimbursement experience. This is a specific skillset that must be on the resume (This means the candidate has worked on the Medicare/Medicaid side of things and performed cost reimbursements in that space).
• Candidates should know what a Medicare cost report is and certain things about the report like knowing what the county option is, the county fee option, Medicare DSH, understand how the GL effects the hospital, it's budget, and it's revenue. Someone who understands the true accounting cycle of Medicare/Medicaid cost reporting will have these experiences on their resume and be able to speak to them.
• If a candidate is an experienced Financial Analyst they will have familiarity with cost variance, cost analysis, 340B reports, and might pass their work to an Auditor.
• Strong Excel skills required (Must have advanced Excel skills which include V look ups, latest Excel 365, reverse look ups, entering formulas, sumif, and using the sum function)
• Experience with Lawson preferred
• Experience with Axiom budgeting software preferred

WORK ENVIRONMENT AND LOGISTICS:

*Hybrid schedule: 3 days onsite, 2 days remote (going back 5 days on site in the future)
*Business casual dress code
*Free onsite parking
*Facility-provided equipment will be issued for remote work
*Shared cubicle workspace when onsite

INTERVIEW PROCESS:

*Aya Account Manager will reach out to candidate and ask prelim questions before deciding to submit.
*Manager may consider calling a candidate to prescreen them before scheduling a first round interview.
*Two-round interview process
*Interviews conducted via Microsoft Teams
*Advanced Excel test will be issued by facility prior to issuing an offer