Cost Accounting Analyst

Job Summary

Maintains the Enterprise Decision Support patient database, including all reference tables and daily import files. Audits and performs reconciliation on a regular basis. Analyzes clinical and statistical data and assists in preparing information for internal and external use by governmental agencies, financial institutions, auditors, and third-party agencies. Participates in cross functional teams in the department to assist with costing and/or financial requirements as well as various ad-hoc clinical and financial reporting, working collaboratively with Manager of Cost Accounting.

Job Specific Duties

• Responsible for Axiom EDS database management/maintenance.

• Analyzes data and statistics to identify trends and variances. Provides explanation for variances.

• Prepares accurate financial and statistical information for internal and external use by government agencies, financial institutions, auditors and third-party agencies.

• Works with IT, Finance, Revenue Cycle, and other department leaders and maintains data across multiple systems and databases to ensure accurate data and reporting.

• Performs patient data reconciliation on a routine basis; identifies and clears all reconciling items in a timely manner.

• Prepares and performs standard and ad hoc clinical and financial reporting.

• Participates in cross-functional teams to assist with financial requirements and to enable adherence to generally acceptable accounting principles.

• Assists Cost Manager with various aspects of the hospital's cost allocation process. Provides recommendations if needed.

• Develops automated procedures, eliminates duplication of effort, and coordinates information requirements in order to increase productivity and efficiency within the Finance Division.

Minimum Job Requirements

• Bachelor's Degree in Accounting, Finance, Healthcare Administration, or related field

• 2-4 years of experience with Decision Support systems, Accounting systems or similar

• 2-4 years of experience in an accounting or financial analyst position

Knowledge, Skills, and Abilities

• Master's degree in Accounting, Finance, Business/Healthcare Administration or related field preferred.

• Axiom software experience preferred.

• Self-motivated and self-directed individual with a high degree of professional accountability.

• Strong financial, analytical, communication, organizational and technical skills, including detail-orientation and reconciliation skills.

• Demonstrates understanding of accounting and/or financial theory or cost methodologies in healthcare settings.

• Demonstrates competency in design, preparation of spreadsheets and other clinical and financial reports.

• Strong computer applications and project management skills.

• Strong proficiency in Microsoft Office (Excel, Word, Outlook, Teams) and/or other healthcare related systems.

• Skill in the use of complex mathematical and statistical techniques to assess clinical, financial and statistical scenarios.

• Ability to manage multiple deadlines and prioritize requests as needed, maintaining poise and professional composure.

• Ability to communicate information in a clear, concise, and easy to understand manner for use by internal and external groups.

• Knowledge of HIPAA regulations in a Decision Support environment and ability to maintain strict confidentiality of highly sensitive information.