Are you an internal caregiver, student, or contingent worker/agency worker at UMass Memorial Health? CLICK HERE to apply through your Workday account.

Exemption Status:

Exempt

Schedule Details:

Monday through Friday

Scheduled Hours:

40

Shift:

1 - Day Shift, 8 Hours (United States of America)

Hours:

40

Cost Center:

99940 - 5530 Financial Operations Reporting

This position may have a signing bonus available a member of the Recruitment Team will confirm eligibility during the interview process.

Everyone Is a Caregiver

At UMass Memorial Health, everyone is a caregiver – regardless of their title or responsibilities. Exceptional patient care, academic excellence and leading-edge research make UMass Memorial the premier health system of Central Massachusetts, and a place where we can help you build the career you deserve. We are more than 16,000 employees, working together as one health system in a relentless pursuit of healing for our patients, community and each other. And everyone, in their own unique way, plays an important part, every day.

Major Responsibilities:

• Supports the system’s/division’s financial management and UMMH senior management in the preparation and analysis of financial reports and statistics to management boards, administration and external organizations. Responds to multi-disciplinary customer demands.
• Works collaboratively with the management to optimize efficiencies of the system towards the financial reporting process. 
• Pro-actively seeks new functionality, process improvements to simplify data collection, as well as monitoring system performance.
• Reviews required records and files prepared by internal accountants for all UMMH entities in preparation for external audit. Works closely with the auditors for interim, quarterly and annual audits.
• Prepares consolidated reports for tax purposes. Works with tax preparers on tax reports for all UMMH entities.  Works closely with tax consultants throughout the 990 processes. Collaborates with other departments, including legal and compliance, to complete various tax schedules, complete conflict of interest disclosures, issues of governance, and report community benefits activities.
• Prepares, reviews and evaluates monthly contractual allowances and completes settlement and reserve analysis.  Prepares payer revenue variance analysis. Performs financial modeling associated with net revenue budget reconciliations and related analysis.  Provides technical analysis for the financial evaluation of new programs or services. Investigates and reports on current reimbursement developments on the State and Federal level. Ensures maximum payments through expertise of current payments systems and regulations.
• Serving as subject matter expert, interprets and applies current financial reporting standards and ensures departmental compliance. Plans and implements financial and statistical requirements in response to internal or external changes.
• Develops, prepares and retains essential documentation to support external compliance requirements of various regulating agencies. This includes, but is not limited to, adherence with the filing requirements of Bond Trustees, Internal Revenue Service, JCAHO and multiple agencies of the Commonwealth of Massachusetts including MA DOR, DPH and Secretary of State.
• Participates in performance improvement initiatives including compilation and interpretation of financial information for management decision making purposes. This includes trend analysis and interpretation and analysis of complex financial arrangements and business contracts. Identifies, communicates and resolves financial discrepancies.
• Maintains Reimbursement Analysis models.
• Monitors and communicates federal and state regulatory proposals and changes regarding healthcare reimbursement and providing effective solutions to address reimbursement issues.

Position Qualifications:

License/Certification/Education:

Required:

• Bachelor of Science or Business Administration degree.

Preferred:

• Master’s degree in Business Administration, Health Care Administration or related field.
• Certified Public Accountant (CPA).

Experience/Skills:

Required

• A minimum of five (5) years recent accounting experience.
• Proficiency in Microsoft Office Suite programs (e.g. Excel, PowerPoint, Word, Access, Project) with ex