Financial Improvement Analyst

General Description

Under minimal supervision, The Accountant possesses knowledge of accounting processes and controls. They are responsible for reviewing and analyzing activity within assigned ledger accounts while ensuring that they are accurately presented in the OUH Financial Reports. The Accountant will identify inconsistent or inaccurate data and proactively take steps to resolve errors or escalate to the appropriate parties. The Accountant will be responsible for creating journal entries and preparing reconciliations on Balance Sheet accounts.

Essential Job Duties

Responsibilities listed in this section are core to the position. Inability to perform these responsibilities, with or without an accommodation, may result in disqualification from the position.

• Confidentiality:

  • Maintain a high degree of confidentiality and refrain from disclosing any personal information of employees or patients.

  • Access to sensitive employee or patient data should be restricted solely to the information necessary for validating the integrity of OUH financial statements.

• Ledger Analysis:

  • Monitor activity recorded in assigned ledgers to ensure completeness.

  • Detect and address any inconsistent or inaccurate data, taking proactive measures to resolve discrepancies.

  • Identify missing entries and generate accrual entries as needed.

  • Prepare monthly trend analysis for assigned ledgers.

  • Provide explanations for fluctuations in monthly trended activity.

  • Explain variances between actual results and budgeted amounts.

  • Attest to the accuracy of assigned ledger activity and balances within the OU Health financials.

• Journal Entries:

  • Prepare and review journal entries as required to maintain the accuracy and completeness of OUH financial records.

  • Provide thorough, clear, and relevant supporting documentation with each entry.

• Reconciliations:

  • Prepare and review monthly balance sheet reconciliations for designated ledger accounts.

  • Demonstrate comprehensive knowledge of assigned balance sheet accounts.

  • Ensure all ledger balances are accurately validated and appropriately supported.

General Job Duties

• Performs other duties as assigned

Minimum Requirements

EducationBachelor's: Degree required.

Experience: At least 3 years of financial analysis required.

Certification/License/Registration: None

Knowledge, Skills & Abilities

• Demonstrate ownership of assigned ledgers by obtaining a comprehensive understanding of the account while confidently serving as the Subject Matter Expert for their area(s) of responsibility.

• Possess strong analytical skills with the ability to recognize errors or inconsistent data within assigned ledgers.

• Produce high quality work with exceptional attention to detail and accuracy.

• Exhibit solid critical thinking skills with the desire to seek out root causes of errors. Propose and work toward implementing solutions.

• Self-Starter with the ability to work with minimal supervision. Use time efficiently and effectively while seeking guidance when necessary.

• Actively creates useful reports that present data in a meaningful way to assist in analysis and decision making

• Consistently evaluates processes and procedures to identify and resolve weaknesses or inefficiencies.

• Confidently interacts with all levels of OUH Finance leadership by articulating clearly and professionally in both written and verbal forms.

• Seeks opportunities to collaborate with cross-functional departments to build strong and effective working relationships.