Financial Analyst

About the position

The position is responsible for assisting in the preparation of the annual capital and operating budget, service line profitability reporting, monthly management reporting, and department productivity and benchmark comparisons for Merrick Medical Center (MMC). The role provides integral assistance to auditors as it relates to areas of expertise.

Responsibilities

• Assist in the preparation of the annual capital and operating budget.
• Conduct service line profitability reporting and monthly management reporting.
• Perform department productivity and benchmark comparisons for MMC.
• Provide assistance to auditors in areas of expertise.
• Commit to the mission, vision, beliefs, and core values of the organization.
• Ensure an excellent patient/customer experience through service excellence must-haves.
• Utilize quality improvement processes to enhance department operations.
• Serve as a contact for analysis of financial information and customer support.
• Complete financial analyses, report preparation, journal entries, and detailed reviews to ensure accuracy and compliance with standards.
• Assess user needs and implement improvements in general accounting functions.
• Manage the Cash Posting System and reconciliation tasks.
• Oversee Accounts Payable invoice routing and ensure accurate coding.
• Educate others on accepted accounting theory and practice for financial report preparation and interpretation.
• Assist the CFO with departmental financial plans, forecasts, and annual budgets.
• Analyze financial statements and provide explanations for account fluctuations.
• Prepare supporting reports for the CFO and senior management.
• Ensure compliance with tax laws and minimize tax liability.
• Oversee the productivity system and operational comparative database.
• Analyze transactions and perform reconciliations related to MMC's investments.
• Act as a liaison between external auditors, investment advisors, and trust agents.
• Maintain subsidiary ledger detail and verify reconciliation to the general ledger.
• Prepare journal entries for financial statements and assist with audits.
• Coordinate budget preparation and training for leadership.
• Document and monitor internal controls.
• Assist with tax returns and corporate reporting requirements.
• Engage in professional growth through seminars and workshops.
• Participate in meetings, committees, and department projects as assigned.

Requirements

• Bachelor's degree in accounting or related field of study required.
• Minimum of three (3) years accounting experience required.
• Additional knowledge of healthcare regulations desired.