Financial Analyst, Revenue Recognition & Analytics (Hybrid - 3x a week in Secaucus, NJ)
Quest Diagnostics
Summary
Revenue Recognition & Analytics is a Center of Excellence in the corporate finance function at Quest Diagnostics. The department has ownership and responsibility for the accuracy and integrity of reported revenue, patient concessions, bad debt and associated accounts receivable reserves. Our mission is to provide value added insight, analysis and financial reporting to safeguard the company's assets and maximize cash flow.
Job description
The Financial Analyst - Revenue Recognition & Analytics (RR&A) directly supports Quest's Esoterics business and assists with critical components of our Revenue Recognition Close Process. The individual must manage a complex workload in a rapidly changing, fast paced environment. They will interact regularly with their business partners who include regional and billing team members, as well as team members from other centralized corporate finance functions.
Responsibilities
- Assist in the recognition of revenue and valuation of associated receivable reserves for the Esoterics business.
- 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 key business partners.
- Analyze significant trends and report monthly financial results.
- Contribute to monthly Revenue Analytics Reporting to Esoterics Leadership.
- Participate in the revenue and volume forecasting and budgeting process.
- Serve as an effective business partner to Esoterics Regional Revenue Services and Finance personnel.
- Actively participate in monthly billing and finance meetings.
- Collaboratively drive initiatives and recommend solutions.
- 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 Revenue Performance.
- Support M&A initiatives, audits, and other special projects as needed.
Qualifications
- 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
Requirements
- 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
- Medical, Dental & Vision
- Supplemental Health Insurance
- Well-being Programs
- Health Assessment Program
- Mental Health Program
- Vacation & Flex Time
- 6 Holidays + MyDay
- Financial Coaching
- 401(k) Matching
- Roth IRA
- Employee Stock Purchase Plan
- Life Insurance
- Disability Insurance
- Flexible Spending Accounts
- Annual Incentive Plans
- Matching Gifts Program
- Education Assistance
Company overview
Quest Diagnostics is a leading provider of diagnostic information services, operating one of the largest clinical laboratory networks in the United States. Founded in 1967 and headquartered in Secaucus, New Jersey, the company offers a comprehensive range of diagnostic testing services including routine blood tests, genetic testing, molecular diagnostics, and anatomic pathology. Quest serves approximately one-third of American adults and physicians annually through its network of approximately 2,250 patient service centers and extensive outreach operations. The company processes over 500,000 test requests daily, providing critical data that helps healthcare providers make informed decisions about patient care. Quest Diagnostics has been at the forefront of diagnostic innovation, developing advanced testing capabilities for cancer, cardiovascular disease, infectious diseases, and neurological disorders. The company plays a vital role in public health through its participation in disease surveillance and population health management initiatives.