Financial Analyst

Posted 8 Days Ago
Manhattan, NY
64K-80K Annually
Junior
Healthtech
The Role
The Financial Analyst prepares reports, conducts analysis for budgeting, supports financial planning, and ensures compliance in billing processes.
Summary Generated by Built In

OverviewProvides analytical and accounting support to VNS Health to meet its reporting and planning goals. Reports on volume, revenue, trends, aging, key business drivers, etc. Works independently utilizing various reports, budget, and various systems to compile financial reports. Works under moderate supervision.

Compensation Range:$63,800.00 - $79,800.00 Annual

What We Provide

  • Referral bonus opportunities     
  • Generous paid time off (PTO), starting at 30 days of paid time off and 9 company holidays   
  • Health insurance plan for you and your loved ones, Medical, Dental, Vision, Life and Disability    
  • Employer-matched retirement saving funds   
  • Personal and financial wellness programs    
  • Pre-tax flexible spending accounts (FSAs) for healthcare and dependent care     
  • Generous tuition reimbursement for qualifying degrees   
  • Opportunities for professional growth and career advancement    
  • Internal mobility, generous tuition reimbursement, CEU credits, and advancement opportunities     
  • Interdisciplinary network of colleagues through the VNS Health Social Services Community of Professionals

What You Will Do

  • Prepares monthly reconciliation reports for various business units investigating any discrepancies. Prepares monthly volume analysis and accruals to support general ledger balances.
  • Participates in monthly close process and ensures revenue reasonability, proper billing interface and general ledger activity is properly recorded.
  • Conducts trend analysis using select data and uses data to make revenue projections and analyze variances.
  • Conducts account and variance analysis for business units within the Accounting Division and other departments within VNS Health to maximize revenue. Works with managers to improve cost effectiveness and efficiency and discuss any issues that need to be resolved.
  • Completes, reports including Key Volume Drivers, schedule of Accounts Receivable, Program Highlight (Actual vs. Budget) and A/R monthly Aging report.
  • Works with Manager to financially plan for new programs by addressing issues such as billing interface to ensure that operations feature link to new programs. Designs performance indicator reports.
  • Complete various account analysis, researching items and communicating to appropriate department.
  • Develops and updates procedure manual for the department.
  • Acts as a financial liaison to management within VNS Health and third-party vendors.
  • Prepares the materials being used as references in year-end audit.
  • Provides analytical support to Senior Financial Management and other Finance staff, as needed.
  • Analyzes State membership reports (monthly membership reports, State rosters, etc.) to ensure membership eligibility data is updated and captured in the various membership systems as they relate to premium billing
  • Oversees monthly premium bill process for Medicare product. Reviews billing reports and transactions posted to the general ledger. Applies payments to appropriate accounts and directs TPA in write off processing. Ensures accuracy and compliance for all billing processes.
  • Maintains up-to-date knowledge of Medicaid policies to ensure compliance with directives and regulations as they relate to Medicaid billing
  • Participates in special projects and performs other duties as assigned.

Qualifications

Education:

  • Bachelor's Degree in Finance, Business Administration, Health Administration or other related discipline required

Work Experience:

  • Minimum two years’ experience required
  • Proficient with personal computers, including Microsoft Office Products, with expertise in Excel required
  • Strong analytical skills and a good understanding of the principles of finance and accounting required
  • Effective oral, written and interpersonal communication skills required
  • Finance experience in a Healthcare environment required
  • Data manipulation skills with SQL (Snowflake, Dbeaver, SQL Server) preferred
     

Top Skills

Dbeaver
Excel
Microsoft Office Products
Snowflake
SQL
SQL Server
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The Company
New York, New York
4,822 Employees
On-site Workplace
Year Founded: 1893

What We Do

VNS Health is one of the nation’s largest nonprofit home and community-based health care organizations. Innovating in health care for more than 125 years, our commitment to health and well-being is what drives us—we help people live, age and heal where they feel most comfortable, in their own homes, connected to their family and community. On any given day, more than 10,000 VNS Health team members deliver compassionate care, unparalleled expertise and 24/7 solutions and resources to the more than 43,000 “neighbors” who look to us for care. Powered and informed by data analytics that are unmatched in the home and community-health industry, VNS Health offers a full range of health care services, solutions and health plans designed to simplify the health care experience and meet the diverse and complex needs of those we serve in New York and beyond.

VNS Health does not ask prospective employees for any form of payment or money transfer as part of its job application or onboarding process. VNS Health does not ask prospective employees for information relating to individual financial assets, credit cards, personal passwords and VNS Health does not require prospective employees to purchase equipment or software

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