Financial Analyst - Urology
The University of Iowa Health Care Department of Urology is ready to welcome a collaborative and motivated Financial Analyst to provide accounting, financial, and productivity analysis, leadership and support. The primary responsibility of this position will be to assist with budget preparation, financial compliance monitoring and documentation, cost accounting analysis of financial reports and data, monitoring and reconciling accounts, general ledger entries, preparation of dashboards and reports for leadership team. Additionally, this position will need to assist with analysis of payments, payer mix, and other data as determined.
Financial Oversight and Budgeting:
- Monitor and reconcile account expenditures, irregularities, answer inquiries regarding usage and status of accounts; advise in usage and status of account; provide recommendations and implement corrective action.
- Develops forecasting reports for monitoring and trending of data related to all areas of urology for budgeting purposes.
- Review totals, prepare monthly & yearly reports, accruals, salary & fringe predictions for quarterly and yearly budgets. Monthly monitoring and validation of general ledger and all entries.
- Reconciles bank deposits.
- Understands risk points and works to minimize.
- Develop overall understanding of accounting structure and ensure reimbursement is being received appropriately.
- Research and follow up with payers as appropriate/needed when remits or reimbursements are not as expected.
- Work with financial team to balance accounts, set up accruals, close out accounts, review malpractice reports, work on departmental budgets, forecasts and analyze data as requested.
- Review and analyze Funds Flow monthly and prepare entries to have funds deployed to proper MFKs.
- CCOM commitments & purchased services evaluated and tracked.
- Assist with analysis of payments, payer mix, and other data as determined.
- May contribute to implementation of policies and procedures. May perform external reporting requiring compliance with reporting standards.
Financial Reporting:
- Review data on a pre-defined basis for analysis and sharing with leadership team.
- Complete routine recurring account reconciliations.
- Answer questions; obtain and input information; ensure information is current and accurate; prepare reports.
- Prepares dashboards related to different areas (overall, area specific, specialty) of urology practice.
- Provide analytical support, including design, implementation, coordination, and data querying to support financial improvements.
Financial Analysis and Planning:
- Assist with the development of financial proformas for financial planning.
- Through data analysis, identify opportunities for business improvements.
- Liaise with the University of Iowa Foundation and review spending and money transfers as needed.
- Point person for Department of Urology and between University and outside entities.
- Set up bill areas for new providers, entering effort into METS and generating reports & reviewing each provider.
- Analyzing areas that can be streamlined and implementing efficiencies.
Transaction Processing:
- Correcting accounts with JE and or WebCV, payCV and requesting corrections from other depts as needed.
- Process transactions/payments as appropriate in ePro system.
- Answer questions & resolve account discrepancies with budgeting, salaries, new hires, MFKs, remaining balances & assets in clinic.
- Prepare documentation; submit routing forms and obtain contract approvals as required; monitor and follow up as appropriate.
- Approval officer for the departmental transactions in workflow.
Leadership and Training:
- May provide training and functional and/or administrative supervision for staff.
- Assist with MFK, travel, purchasing questions and troubleshooting where needed.
- Development of project plans and workflows.
Required Qualifications
- Bachelor’s degree in Business Administration, Finance and Accounting, or related field or an equivalent combination of education and experience.
- 1 to 3 years accounting and/or financial experience.
- Excellent written, verbal and interpersonal communication skills.
- Experience gathering information from multiple data sources understanding the context and demonstrating detailed analytical skills with the ability to turn raw data into actionable information
- Demonstrated proficiency in computer software applications, including Microsoft Word, Excel and various databases.
- Demonstrated problem-solving skills requiring a high level of collaboration, attention to detail, accuracy, and independent judgement.
Desirable Qualifications:
- Experience with account reconciliation.
- Experience working in a large academic medical center.
- Knowledge of University of Iowa business/accounting policies, procedures and regulations.
- Knowledge of University of Iowa budgeting and accounting tools including: Peoplesoft, StrataJazz, GL Reporter, PowerBI, and Electronic Financial Reports (EFR)
Application Process:
In order to be considered for an interview, applicants must upload the following documents and mark them as a “Relevant File” to the submission:
•Resume
•Cover Letter
Job openings are posted for a minimum of 14 calendar days and may be removed from posting and filled any time after the original posting period has ended.
Successful candidates will be required to self-disclose any conviction history and will be subject to a criminal background check and credential/education verification.
Up to 5 professional references will be requested at a later step in the recruitment process.
This position is eligible for a combination of on-campus (UIHC) and remote work. Remote work must be performed at an offsite location within the state of Iowa. Per policy, work arrangements will be reviewed annually, and must comply with the remote work program and related policies and employee travel policy when working at a remote location. Work arrangement options will be discussed during the hiring process.
This position is not eligible for University sponsorship for employment authorization.
For additional questions, please contact Sandy Moenk at sandy-moenk@uiowa.edu or 319-356-0748.
Equal opportunity/affirmative action employer
The University of Iowa is an equal opportunity/affirmative action employer. All qualified applicants are encouraged to apply and will receive consideration for employment free from discrimination on the basis of race, creed, color, religion, national origin, age, sex, pregnancy (including childbirth and related conditions), disability, genetic information, status as a U.S. veteran, service in the U.S. military, sexual orientation, gender identity, or associational preferences.
Persons with disabilities who need assistance or accommodations with the application or interview process may contact University Human Resources/Faculty and Staff Disability Services, (319) 335-2660 or fsds@uiowa.edu. For jobs in UI Health care, please contact UI Health care Leave & Disability Administration at 319-356-7543.
