Accounting Analyst - BIDMC

When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives.

Department of Surgery is made up of 15 Divisions and over 100 faculty. Will work directly with the DoS Accounting Manager, Finance Director and HMFP Finance staff on a daily/weekly/monthly basis, as well as Operation Directors and Managers as needed. Strong communication skills a must.

This position is based in Boston, MA, however, has the ability to work a hybrid work schedule. At a minimum, required to come into the office at least 2x per month to collect financial statements, co-pay information, etc.

Job Description:

Responsible for the financial and accounting arms of the department by ensuring all cash collections, accounts payable, financial reporting, general ledger entries and reconciliations are completed in an accurate and timely fashion.

Department Specific Job Responsibilities:

• Oversees/prepares the monthly input of financial information into the general ledger system, and makes any corrections necessary.
• Assist with daily and monthly financial operational responsibilities
• Reconciliation of weekly co-pay detail from all surgical clinics.
• Ad hoc reporting delegated by DoS CAO, Director of Finance, and Accounting Manager.

Primary Responsibilities:

Accounting

• Prepares the input of financial information, including standard monthly entries, into the general ledger system, and makes any corrections necessary. Inaccurate information could negatively impact financial performance and decision making ability.
• Prepares and submits supporting documentation and work papers for month end close.
• Responsible for the accuracy of journal entries, enabling the production of accurate departmental and physician level revenue and expense statements. Understands the financial impact and appreciates the importance of accuracy.
• Reviews accounting systems and procedures and makes suggestions on how to improve on current methods.
• Reconciles all balance sheet accounts, maintains various schedules, and meets with year-end auditors, providing materials as requested.
   

Financial Analysis

• Collaborates with executives and managers to develop an annual operating budget. Organizes budget templates and data in a clear and intuitive manner.
• Monitors and reports performance against plans to ensure that contractual, cost, and schedule objectives are met.
• Forecasts and tracks financial results throughout the year to meet budget projections.
• May meet with physicians and/or administrative staff in order to resolve any financial discrepancies. 
• Prepares a variety of reports and analyses to monitor progress, productivity and results of the financial activities of the division/department. Prepares special financial studies as needed.

Reporting

• Assists with the preparation of accurate and timely financial statements, including accrual and cash for month end close.
• Prepares and supports the accurate and timely distribution of both corporate and physician revenue and expense statements.
• Responsible for the collection and reconciliation of all copayment reporting. 

Required Qualifications:

• Bachelor's degree in Accounting, Finance, or Related Field required.
• 1-3 years related work experience required.
• Prior healthcare experience preferred, with EPICOR and/or FRX experience a plus.
• Experience in developing budgets, financial forecasts, and other financial modeling a plus. 
• Advanced skills with Microsoft applications which may include Outlook, Word, Excel, PowerPoint or Access and other web-based applications. May produce complex documents, perform analysis and maintain databases.
• Advanced proficiency in Microsoft excel including but not limited to the use of pivot tables and charts, advanced formulas, and forecasting and modeling methods is highly preferred. 
• Work requires verbal, analytical and interpersonal skills as well as three years of progressive experience, preferably within a health care setting.
• Must be able to work well in a team-focused environment and communicate well with physicians.

Competencies:

• Decision Making: Ability to make decisions that are guided by general instructions and practices requiring some interpretation. May make recommendations for solving problems of moderate complexity and importance.
• Problem Solving: Ability to address problems that are varied, requiring analysis or interpretation of the situation using direct observation, knowledge and skills based on general precedents.
• Independence of Action: Ability to follow precedents and pr