Financial Analyst, Revenue Recognition & Analytics (Hybrid)
Quest Diagnostics is a leading provider of diagnostic information services, and they are seeking a Financial Analyst to support the Revenue Recognition & Analytics team. This role involves managing revenue recognition processes, analyzing financial data, and collaborating with business partners to enhance revenue performance and reporting accuracy.
Responsibilities
- Assist in the recognition of revenue and valuation of associated receivable reserves for their responsible areas
- Analyze receivables and related disallowance, patient price concessions & bad debt reserves to drive the decision making process and record related journal entries
- Develop, maintain, and distribute reporting schedules
- Ensure an appropriate accounting control environment that tightly manages the internal control environment and integrity of the financial statements
- Work directly with our key business partners
- Analyze significant trends and report monthly financial results
- Contribute to monthly Revenue Analytics Reporting to Regional Leadership Teams (RFDs, General Managers, VP Commercial, VP Operations)
- Participate in the revenue and volume forecasting and budgeting process
- Serve as an effective business partner to Regional Revenue Services and Finance personnel and actively participate in monthly billing and finance meetings
- Collaboratively drive initiatives and recommend solutions
- 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
- Develop and maintain standardized best practices for revenue reporting and analysis
- Drive continuous improvement to deliver the highest quality
- Continually reassess customer needs and react timely to changing market dynamics
- Proactively identify trends and collaborate with stakeholders to investigate and take appropriate action
- Integrate data from across various groups, including Health Plan Finance, Regional finance and operations, Treasury, and Corporate Accounting to construct an overall understanding of our Revenue Performance that delivers meaningful insights
- Support M&A initiatives, audits, and other special projects as needed
Skills
- Bachelor's degree in Accounting or equivalent degree required
- Minimum of 1- 3 years of relevant experience in large public accounting firm or corporate accounting function
- Strong computer and analytical skills
- Excellent verbal and written communication skills
- CPA and/or MBA is a plus
Benefits
- Day 1 Medical, supplemental health, dental & vision for FT employees who work 30+ hours
- Best-in-class well-being programs
- Annual, no-cost health assessment program Blueprint for Wellness®
- HealthyMINDS mental health program
- Vacation and Health/Flex Time
- 6 Holidays plus 1 "MyDay" off
- FinFit financial coaching and services
- 401(k) pre-tax and/or Roth IRA with company match up to 5% after 12 months of service
- Employee stock purchase plan
- Life and disability insurance, plus buy-up option
- Flexible Spending Accounts
- Annual incentive plans
- Matching gifts program
- Education assistance through MyQuest for Education
- Career advancement opportunities
- And so much more!
Company Overview
Company H1B Sponsorship