OBJECTIVE/OVERVIEW: The Financial Analyst will elevate and execute all accounting duties to include, but not limited to: formulating financial statements, analyzing general ledgers, strategizing payroll functions, financial analysis, and developing various financial reports for external regulatory agencies. Foster strategic partnerships with the development team, SPA, SFR, and other UMN departments to manage grants, as well validate and coordinate for effort certification. Utilize multiple accounting systems at the University in order to support critical analysis and process improvements involved in reconciliations, budget preparations, spreadsheet utilizations, and payroll information. This critical role will provide financial oversight while identifying critical issues and making recommendations for integrative solutions to advance the clinic’s fiscal viability; consult and partner with multiple departments to fulfill the University’s and the Community-University Health Care Center’s missions.
ESSENTIAL FUNCTIONS: Financial Administration/Projects (25%) • Partner with senior management in the development of payroll and operational expense budgets. Financial analysis of current revenue and expenses, financial forecasts/projections, and identifying financial issues and making recommendations for improving CUHCC’s financial sustainability. • Prepare and submit the annual PeopleSoft budget for non-sponsored transactions. • Financial reporting of the Uniform Data Systems report required of Federally Qualified Health Care Centers (FQHC), including compilation, preparation and submission while ensuring compliance with FQHC specific regulations • Develop spreadsheets for tracking monthly/yearly patient visit counts for the clinic and create charts representing the monthly visits to be delivered and presented to senior management. Consult with leadership to recommend integrative solutions to increase patient visits • Analyze lab reports for customer bills to identify which customers have insurance or do not and consult with CUHCC billing manager to administer the correct invoices to customers • Utilize external systems required for completing various projects or monthly activities due to CUHCC working with external sales. These systems include but are not limited to Data Link, Instamed, and 340B Prime Vendor Program. • Compile, prepare and submit the Medicare Cost report (CMS-224-14).
Reconciliations (25%) • Update records and auditing/balancing multiple entities including but not limited to: proof of cash, non-sponsored fund accounts, projects, payroll (monetary value, sick/vacation balances), cost of operations, other income, and other various items that come up from daily operations • Ensure all items are being accounted for properly, identify problems and resolve them, check for inappropriate activity including kiting, and identify items affecting incorrect accounts • Proof of cash – balancing all bank statements, lockbox, batch statuses, payment information, and physical deposits to each other to ensure all items are clearing correctly and to identify any errors that can be missed intentionally or unintentionally. Consult with billing and scheduling teams throughout process • Fund accounts – monthly reconciliation of the multiple fund accounts used by CUHCC
Grants/Projects (25%) • Manage sponsored projects from proposal to closure. This includes consulting with the development team to find individuals available to work on the project, create budget, maintain the integrity of the project for the duration of the project by monitoring the efforts given to the projects by the employees working on it, identifying the correct expenses are being made, ensuring the grants are being spent down correctly and timely, and then at the conclusion of the project period, ensuring all items attributed to the project are correctly applied and the project has the appropriate balance • Partner with SPA regarding opening of new budgets in PeopleSoft, account field discrepancies, and the closing processes of projects • Effort Coordinator – maintaining the ethics of each sponsored projects’ requirements involving the efforts given towards each projects’ goals. This includes consulting with each projects’ coordinators to ensure that all efforts are given towards each project is accurate and if it is indeed not, then take necessary avenues to correct discrepancies
Financial Reporting/Charts (15%) • At month end closings, pull reports out of various accounting systems and mold them into one spreadsheet to create the financial reports for the health care center. Reconcile the month’s end entries and identify if there are any abnormalities from month to month. Look through the general ledger to identify items recorded in incorrect chart strings and notify the appropriate individuals to have the items corrected • Assist the CFO with the creation of the financial statements and upon completion, review and create distribution copies for all parties interested • Reporting systems include UM Reports, Data Warehouse, EFS-Financial Reporting, Image Now
Other duties as assigned (10%)
Required Qualifications: -BA/BS degree plus at least six years of professional work experience Preferred Qualifications: -Strong technical skills that will facilitate creative processes that will promote the efficiencies needed to manage increased responsibilities and demanding workload. -Experience with PeopleSoft -Experience with Sponsored Project Administration
Internal Number: 340393
About University of Minnesota, Twin Cities
The University of Minnesota, founded in the belief that all people are enriched by understanding, is dedicated to the advancement of learning and the search for truth; to the sharing of this knowledge through education for a diverse community; and to the application of this knowledge to benefit the people of the state, the nation, and the world.