Financial Analyst - Full Time

Sioux Falls - South Dakota (SD),

Orthopedic Institute

Job Description:

The Financial Analyst assists the CFO in a number of areas to include, but not limited to:

  • Assist in preparation of financial statements.
  • Prepare and post monthly adjusting and general journal entries to the general ledger.
  • Review all payables management distribution breakdown registers to ensure accuracy of general ledger expense classification. Communicate discrepancies to Accounts Payable Coordinator.
  • Review expense accounts in Detailed Trial Balance periodically for posting accuracy. Make adjusting journal entries as warranted and communicate findings to Accounts Payable Coordinator.
  • Maintains general ledger accounts; make adjusting entries for amortizations prepaids; analyzing and reconciling retainage and accounts payable ledgers
  • Prepares annual fixed asset report for accounting firm; prepares workpapers for submission to accounting firm for annual tax return and reviews/audits as requested
  • Maintains best practice internal accounting controls by following policies and procedures; complying with federal, state, and local financial legal requirements.
  • Reconciles monthly bank statement to general ledger and Practice Management System.
  • Provides financial status information by preparing special reports; completing special projects.
  • Updates job knowledge by participating in educational opportunities; reading professional publications.
  • Accomplishes accounting and organization mission by completing related results as needed.
  • Extracts data from various systems (payroll, accounting, practice management, electronic health record, etc.) and produces reports that assist in determining performance of the organization.
  • Assists with analyzing cost, revenue and expected rate of return on new services, equipment or projects.
  • Recommends and produces best practice reporting for accounting and analytics
  • Assist in exploring opportunities for automated inventory/purchasing management systems including but not limited to OrthoForum Group Purchasing Alliance.
  • Ability to research and present cost/benefit on med/surg, DME, injection, and other supplies. Monitor and report on cost/reimbursement ratio from major third-party payers on highly expensive injection supplies; share findings with coding/appeals team as warranted.

Qualification Requirements:

  • Bachelor's degree in accounting, finance, healthcare administration, or related field required.
  • Two years of experience in a healthcare environment preferred.


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