Part Time Financial Analyst, College of Health Sciences

University of Delaware•Newark, DE

8d•Onsite

About The Position

Under the general direction of the Manager of Strategic Operations for the UD Health Clinics, Financial Analyst II will assist the Manager of Strategic Operations with routine and complex financial reporting activities. This role will also work closely with the Sr. College Business Officer. This role will work in interpreting data, spotting trends in data, and performing internal mini audits of college accounts to ensure compliance with policies. The principal emphasis for this position is on performing high-level financial analysis requiring the exercise of regular independent judgment and discretion. This position has high expectations for positive and collaborative teamwork, flexibility, and critical thinking skills.

Requirements

Bachelor's degree in Business Administration, Accounting, Finance or a related field with four years job-related experience or equivalent combination of education and experience.
Advanced ability to work in Microsoft Office Applications – Word, Excel, PowerPoint.
Experience working with a Budget and within a Budgeting System.
Ability to read, analyze, and interpret documents.
Ability to work independently.
Ability to communicate effectively, both oral and written.
Demonstrated knowledge of various insurance coverages.
Highly effective verbal, written and interpersonal skills to effectively communicate procedures to staff, colleagues, patients and/or visitors, and responds promptly to instructions given.
Ability to establish and maintain courteous and effective relationships that foster quality customer service, and demonstrate sensitivity and awareness to customer needs.
Ability to use resourcefulness and problem-solving skills when handling telephone and in-person inquiries or when required to resolve any issues relating to the patient.
Ability to establish priorities and coordinate work activities.

Responsibilities

Assist in the design, development and implementation of policies and procedures to ensure the accuracy and timeliness of Clinic financial reporting.
Assist in the implementation of automated cash receipt (via lockbox) application.
Assist in the monitoring of the Clinic AR Aging reports and assessing for collect-ability.
Develop and produce clinic level financial statements for review by the Chief Clinical Operating Officer.
Reconcile monthly Accounts Receivable subsidiary ledger (detail accounts receivable) for each clinic’s AR and in total to the General Ledger (GL).
Devise and implement a system for daily balancing and posting of new charges to patient accounts from the subsidiary system to the GL.
Devise and implement a system for daily balancing and posting of cash receipts (each source) to patient accounts in the subsidiary system and posting to the in the GL.
Devise and implement a system for daily balancing and posting of adjustments to patient account in the subsidiary system and posting to the GL.
Develop and implement a methodology to ensure each explanation of benefits (EOB) received is reconciled to the cash received and to posting in the subsidiary ledger.
Initially, develop and implement a process and procedures to research and post to subsidiary AR ledger any patient charges, cash receipts and adjustments that have already been posted to the GL and make any necessary adjustments to balance beginning AR to the GL by clinic.
Specifically regarding lockbox cash receipts, record lockbox cash receipts- currently those mailed or scanned:
Ensure all cash receipts to lockbox are applied in the EMR system.
Ensure that all lockbox receipts are recorded in the General Ledger.
Perform annual year-end accrual of unbilled services provided at 6/30.
Assist in the maintaining of the Budget within UD Health LLC.
Oversee the preparation and processing of multiple webforms including journal vouchers, vendor payments, cash payments, etc. through the UD Financials and Effort Reporting systems; perform monthly review of all journal voucher activity in accordance with established guidelines.
Perform Audits of our A/R and other financial information.
Respond to/initiate inquiries to providers re: EOB questions on payment/services provided.