Description:
We currently have an exciting opportunity here at Humber River Health for a Financial Analyst – Treasury and Accounts Receivable to join our Financial Services team. The successful candidate will be responsible for processing all financial transactions and financial reporting related to cash, investments and accounts receivables management.
Responsibilities
- Perform day to day banking activities including, monitoring of bank accounts to ensure no fraudulent activities are processed , download and analysis of daily banking data, upload of cheques for payment, clearing of paid cheques, voiding / stop payments as requested and processing all requests/queries related to bank accounts
- Assist in the preparation of daily/monthly/annual cash flow position and projections, liquidity strategies and payment priorities
- Prepare manual journal entries for all bank account transactions that are not recorded through the Billings/Accounts Receivables and/or Accounts Payable system
- Prepare bank, investments and loan account reconciliations in a timely manner for review; ensure outstanding items are cleared before the following month end
- Record keeping of all banking information and backup to address external Auditors needs and assist with the annual year end Audit
- Record and reconcile corporate credit card transactions in collaboration with management
- Support the management of insurance policies and reporting
- Oversee cash office bank deposits and ensure cash and overall balances reconcile
- Complete closing of sub-ledger systems on a monthly basis (i.e. Accounts Receivable)
- Prepare revenue and receivables monthly journal entries, account reconciliations, and other working papers necessary to support timely and accurate financial reporting in accordance with company policies
- Develop patient revenue, bad debt provision, investment / interest income budget in collaboration with Finance management
- Apply Generally Accepted Accounting Principles (GAAP)/Public Sector Accounting Standards and Management of Information Systems (MIS) standards to recommend appropriate accounting entries for the accurate recording of monthly financial results
- Review monthly actual vs. budget results; follow up on significant variances, and determine appropriate action; refer highly complex issues to Manager / Director for resolution
- Evaluate the reasonableness of financial data; provide recommendations for changes to processes and procedures to enhance financial reporting, and efficiency
- Provide management with a single source for interpretation of financial and business information (i.e. length of stay, volume contributing to patient revenue trends)
- Any ad-hoc tasks as deemed necessary
Qualifications
- An undergraduate degree in finance/accounting/ business administration
- Minimum 3 years recent accounting finance experience required, accounts receivable and treasury operations in healthcare environment preferred
- Experience with Meditech is a strong asset and as well as an aptitude for learning new computer applications
- Excellent problem solving and analytical skills
- Strong working knowledge of Microsoft Excel, Word and Outlook
- Ability to prioritize multiple competing priorities, take initiative and embrace challenges
- Excellent interpersonal skills and team player
- Strong verbal and written communication skills
- An understanding of equity, diversity, and inclusion principles as they relate to health practices is an asset. Humber River Health values lived and learned experiences in addressing systemic barriers and advancing inclusive practices.