University of Washington Seattle, WA 98194

    Job #2324057765

  • Req #: 192871


    Job Location Detail: HYBRID OPPORTUNITY

    Posting Date: 10/28/2022

    Closing Info: Open Until Filled

    Salary: Salary commensurate with education and experience

    Shift: First Shift

    Notes: As an employee you will enjoy generous benefits and work/life programs. For detailed information on Benefits for this position, click here. (~~~)

    A higher degree of healthcare. All across UW Medicine, our employees collaborate to perform the highest quality work with integrity and compassion and to create a respectful, welcoming environment where every patient, family, student and colleague is valued and honored. UW Medicine's mission is to improve the health of the public by advancing medical knowledge, providing outstanding primary and specialty care to the people of the region, and preparing tomorrow's physicians, scientists and other health professionals. Become part of our team (~~~) , and join our mission to make life healthier for everyone in our community. The UW MEDICINE ACCOUNTING has an outstanding HYBRID OPPORTUNITY for a full time, day shift, SENIOR FINANCIAL REPORTING ANALYST. The UWM Senior Financial Reporting Analyst plays a senior role in UW Medicine Financial Reporting activities, projects, and process improvement initiatives. Accountabilities include, but are not limited to, direct responsibility for the financial reporting for complex areas within UW Medicine, such as: COVID19 cost and reimbursement tracking / reporting, inclusive of FEMA and other government-related reporting; Joint venture and other partnership accounting and reporting such as Embright (UW Medicine's Clinically Integrated Network partnership), Accountable Care Network (ACN) and Accountable Care Organization (ACO) accounting and reporting; Medicaid Transformation funding and distributions reporting; etc. This individual is a key member of the Finance Team, working very closely with the UWM and Entity leadership to provide relevant and timely reporting and analytical support to UWM and UW Leadership. Particular complexity arises from the continued work across UWM to integrate and consolidate clinical and administrative systems, processes and resources. Chief among these initiatives is the UW Finance Transformation (UWFT), where this individual will play a lead role in the design and deployment of future state financial reporting policies, practices and processes. The UWM Senior Financial Reporting Analyst plays an active, senior role in the preparation, compilation and review of the UWM internal, external and consolidated and statutory financial reporting for the UWM Clinical Enterprise. This individual has accountability for ensuring the technical accuracy, relevance and consistency with both Generally Accepted Accounting Principles and internal financial reporting policies. In collaboration with the various UW Medicine entities and the Manager of Financial Reporting and Assistant Controller, this individual will participate in the design, development and maintenance of standards for financial reports and reporting tools across the enterprise. Primary job duties include complex research, coordination and resolution of financial reporting issues among health system entities, development of and preparation for standard Board level financial reports and metrics, and leadership in business and technology projects where consistent, standard financial reporting is a deliverable. In addition to the complexity described above, related to operational and financial integration, a very high degree of complexity arises from the affiliate relationships within UW Medicine and the overall systems environment. Major accountabilities for this position include collaboration between entity operations and the centralized UW Medicine Finance function, with minimal disruption in service or quality, to execute on the financial reporting changes associated with UWM's strategic iniatiative work. There continues to be an unprecedented level of change in healthcare over the next few years and for UWM, there is a resultant need to improve the quality and timeliness of financial information delivery while streamlining and standardizing administrative systems and processes. The finance business systems, policies and processes will be evolving heavily with these changes. This position requires significant judgement, professional skepticism, flexibility and strong collaboration skills. The clinical entities within UWM comprise over $2.2B in Operating Revenue and represent nearly 40% of the overall FTE's for the University. Major inter-related systems for which this position has financial reporting accountabilities include the 1) General Ledgers for UWMC, HMC, UW Medicine IT Services, ALNW, UWNC and Shared Services; 2) Consolidated Reporting Tool, which also sources the UWM Long Range Financial Plans. In addition, there are multiple complex interfaces running between these and other Medical Center subsidiary systems as well as an extremely complex and fragile interface delivering revenue, expense and cash settlement activity back and forth between the Campus systems and the Medical Center systems. There are several million transactions running through these systems monthly. RESPONSIBILITIES: The SENIOR FINANCIAL REPORTING ANALYST will:

    • Assume primary accountability for UW Medicine COVID-19 reporting, inclusive of cost and reimbursement tracking, accounting, and reporting, ensuring adherence to FEMA and other Government-related reporting requirements

    • Assume primary accountability for accounting, reporting and technical research activities related to UW Medicine's complex joint ventures and partnerships, including but not limited to: Embright (Clinically Integrated Network); ACN; ACO; LifePoint, etc

    • Assume primary accountability for the tracking, accounting, reconciliation and reporting of Medicaid Transformation funding, distribution and fund balance activities across the Health System

    • Provide support in the evaluation, adoption and implementation of new accounting standards across the Health System. Current examples include but are not limited to lease accounting and subscription-based technology contracts

    • Provide senior-level support in the successful, timely completion of annual financial and other audits across the Health System

    • Participate in the preparation of various internal, external (including Peer) monthly, quarterly and annual financial reporting for presentation to Management, Senior Leadership, Finance Committee(s), Board(s) and the University

    • Deliver technical accounting research and GAAP and analysis; draft and present position papers to management advising on recommended accounting treatment and financial reporting guidelines. Present recommendations to Accounting leadership and auditors

    • Create and deploy UW Medicine entity reporting to more effectively and proactively identify, evaluate and communicate variance explanations and exception transactions to better assure timely and appropriate resolution

    • Create both standard and ad-hoc reporting tools for efficiently accumulating, analyzing and reporting financial information consistently from source systems

    • Serve in a senior role for activities and tools in support consolidation and elimination requirements to ensure appropriate consolidated reporting

    • Under the direction of the UW Medicine Manager of Financial Reporting, work closely with the various entities, the University and other external resources to ensure compliance with the State, Local and Federal tax requirements

    • Play a role in financial reporting standardization projects between health system entities and the University - In particular, UWFT - advising on the future state design for UWM financial reporting activities in executing on the initiatives

    • Provide subject matter expertise in the planning, design and implementation of the enterprise general ledger, related supporting processes and financial reporting systems

    • Provide subject matter expertise in the planning, design and adoption of integrated, standardized and consolidated business processes for UWM Accounting

    • Build effective, collaborative working relationships throughout the organization with staff, peers, supervisors and customers

    • Represent UW Medicine Accounting on committees or task forces as assigned and perform other duties as assigned REQUIREMENTS:

    • Bachelor's degree Accounting, Business or related field

    • Minimum of 2-3 years working experience demonstrating familiarity with the process flow and functions of an accounting department

    • High level of familiarity with US GAAP and GASB

    • Advanced skill level in using Excel, Word, PowerPoint and Access

    • An equivalent combination of education and experience will be considered DESIRED:

    • 1+ year public accounting experience

    • Experience with preparing US GAAP financial statements, including consolidations and eliminations

    • CPA

    • Healthcare experience

    • Experience with UW Medicine data and systems

    • Record of strong analytical and critical thinking skills being practically applied

    • Effective communication with internal as well as external customers

    • Proactive; anticipates problems and seeks solutions

    • Able to prepare properly labeled analyses and position papers which communicate complex concepts and information

    • History of successful interaction with all levels of personnel within an accounting department

    • Commitment to completing tasks with great attention to detail and with a routine, critical self review

    • Takes initiative in acquiring new skills and increasing proficiency for personal effectiveness

    • Personal philosophy of continuous process improvement

    • Effectively manages diversity in the workplace

    • Highest integrity

    • Values UW Medicine's mission CONDITIONS OF EMPLOYMENT: This position needs to be attentive to deadlines imposed by the various entity Boards, Finance Committees and regulatory agencies and should anticipate committing time outside of regular business hours to ensure those deadlines are met. The ability to both effectively prioritize as well as respond quickly to shifts in priorities is critical. UW Medicine includes Harborview Medical Center, UW Medical Center - Montlake, UW Medical Center - Northwest, Valley Medical Center, UW Neighborhood Clinics, UW Physicians, UW School of Medicine, and Airlift Northwest.

    University of Washington is an affirmative action and equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, religion, color, national origin, sexual orientation, gender identity, sex, age, protected veteran or disabled status, or genetic information.