Financial Analyst - Revenue Recognition & Analytics (Madison, NJ): Details: The Journey Begins with you. Theres quite a distance between wondering and knowing. And for patients waiting for answers to important health questions, its a road they want to travel as quickly as possible. At Quest Diagnostics Incorporated, we understand urgency. But more than speed, we focus our energies on accuracy. Currently, we seek a Financial Analyst for our Revenue Recognition & Analytics Department in Madison, NJ. REQ #: 3729407 Responsibilities JOB SUMMARY: Revenue Recognition and Analytics is a Center of Expertise that has: Full ownership and responsibility for the valuation and recording of all revenue and associated receivable reserves for all domestic DIS businesses and the related accuracy and integrity of the reported numbers, as well as Ownership and responsibility for the analysis, forecasting and budgeting of revenues and volumes for the Domestic DIS businesses. This position is an enabler to utilize analytical ability while learning specifics about the company and the healthcare industry. Role reports to the Manager, Revenue Recognition and Analytics. Subsequent opportunities include, but are not limited to, various areas of Finance such as Planning and Analysis, HealthPlan Finance, Field Finance, as well as opportunities in other functional areas. The ideal candidate will possess a bachelor’s degree in accounting with one to three years experience including strong computer, analytical and interpersonal skills. The candidate will have the opportunity to use and enhance leadership, analytical and problem solving skills through various responsibilities and projects. Responsibilities will reach beyond the department and require the building of relationships with various levels of Corporate and Field Finance. There will be a natural progression to other analytical and leadership roles within Quest Diagnostics. Job Accountabilities (Responsibilities): Responsible for revenue recognition, and the general ledger recording, reporting, calculation and analysis of receivables and related disallowance and bad debt reserves for business units. Revenue Recognition and Accounts Receivable Reserve maintenance is one of the Company’s “significant accounting policies” as defined in the Company’s SEC filings, as it involves a high degree of judgment. Ensure an appropriate accounting control environment that produces “ no surprises”, tightly manages the internal control environment, meets the requirements of the Company’s Internal Control Assessment supporting requirements of Sabanes-Oxley, ensure “clean” internal and external audit reviews, adherence to accounting policies and authorization practices, and overall integrity of the financial statements. Contribute to the Company’s establishment of a Revenue Analytics Center of Expertise with direct ownership and accountability for the analysis and explanation of significant trends, explaining monthly financial results, and the revenue and volume forecasting and budgeting process. Participate in the centralization of revenue analytics, forecasting and budgeting processes (processes, SOP’s, checklists, system configuration and tools) to support efficient and effective analytics, forecasting and budgeting. Develop and maintain standardized best practices regarding the reporting and analysis of revenues, including the design of management reporting, analytical tools and related processes. Drive continuous improvement to deliver the highest quality. Contribute to monthly Revenue Analytics Reporting to Regional Leadership Teams (RFDs, VP Commercial, VP Operations) through the production of an effective monthy “Revenue Analytics Report”. Participate in the generation of weekly volume reporting and analysis. Generate and review key reports in support of the revenue recognition and accounts receivable valuation process. Reports include items such as disallowance, bad debt, adjustments, rejects, cash and DSO. Contribute to the Company’s Management Reporting to Senior Management (CFO, VP Controller) through contributions to the monthly “Accounts Receivable and Billing Report”. Serve as an effective business partner to Regional Revenue Services and Finance personnel. Actively participate in monthly billing deck calls. Review billing benchmarks for changes in trend. Own reconciliations that are critical to revenue recognition and analytics. The lab to billing reconciliations are a key element of the control environment that ensure the completeness of our revenue. Exemplify the New Quest Behaviors. Through Collaboration and One Team behaviors, serve as an effective extension of the Regional Finance teams. Recognizing that this centralized team serves many business partners, be agile, customer focused and performance oriented. To the extent competing priorities are encountered, be transparent in communicating the prioritization and the underlying reasons. Commit to the Revenue Recognition and Analytics Standards of Behavior, which can be principally summarized as “Be Kind”. Be actively committed to personal development through the continuous maintenance of an Individual Development Plan, engaging in training and learning opportunities, and having an active mentoring relationship. Set goals and develop a vision to obtain those goals. Work to achieve goals that have been set. Special projects, as needed. Pay it forward – do good for each other as well as our broader community. Actively participate in QuestCares events. Maintain a positive attitude. Have fun in your position; recognize it is what you make of it. JOB REQUIREMENTS: Bachelors Degree in Accounting is required. CPA/MBA a plus 1-3 years of relevant work experience in a Corporate Accounting or Public Accounting, preferably Big Four experience. Position located in Corporate headquarters, Madison, N.J. Periodic travel to lab locations w/Finance functions to include MA, PA & CT approximately 2-3 times per year. Additional travel to other locations may be required. Typical hours are 9:00 a.m. to 5:30 p.m. with overtime required periodically and during month-end close Important Personal and Other Attributes: Intellectual Horsepower: Strong analytical and computer skills High level of intuition Leadership: Recognize that everyone has opportunities to lead, and demonstrate leadership Demonstrate tactical and strategic thinking leadership skills Demonstrate the highest level of integrity Influencing: Challenge the status quo Possess strong change management skills Possess backbone, an ability to push back and hold ground Continually raise the bar Interpersonal: Excellent communication skills (both verbal and written) Presentation skills and ability (to highest level in organization) Demonstrate a sense of urgency: Possess an appropriate level of “fire in the belly” Possess an insatiable sense of curiosity Performance and process driven Action oriented self starter Customer service focused Personal Leadership Strive for continuous personal development Ability and desire to subsequently be promoted into higher positions How To Apply Please Log In or Register to Upload a Resume and complete the online Application. Because of the large number of applicants to job openings, Quest Diagnostics will only contact candidates to be interviewed Closing Statement Quest Diagnostics has many career opportunities for individuals whose talent, initiative and dedication will complement our belief that the patient comes first and that values do matter. We work to earn our customers’ trust every day by providing the highest quality diagnostic information services in a professional, accessible and informative way. Our workforce is diverse and talented and believes in our vision: Empowering Better Health with Diagnostic Insights. [All requirements are subject to possible modifications to reasonably accommodate individuals with disabilities.] Quest Diagnostics is an Equal Opportunity Employer: Women / Minorities / Veterans / Disabled. *CB* dlvr.it/6yZqjk
Posted on: Sat, 20 Sep 2014 12:00:41 +0000
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