Senior Financial Analyst III - Hybrid
Labcorp
Summary
Labcorp is seeking a Hybrid Senior Financial Analyst III to join our team. This role serves as a strategic business partner to Revenue Cycle Management, delivering financial modeling, forecasting, reporting, and performance insights that support operational and executive decision-making.
Job description
Work Schedule
Monday - Friday, 8:00 AM to 5:00 PM. This hybrid position offers three in-office workdays at our Burlington or Durham, NC locations and two remote workdays per week.
Job Responsibilities
- Perform financial modeling and analyses related to Accounts Receivable, revenue, and allowances.
- Track and report key performance indicators (KPIs), including Days Sales Outstanding (DSO), coverage ratios, and other revenue cycle metrics.
- Assist with monthly close activities, financial reporting, and process automation.
- Prepare and analyze monthly and quarterly reports for senior leadership, ensuring accurate and timely financial information.
- Identify trends and variances from expectations and provide recommendations.
- Support automation and process improvement initiatives for financial reporting.
- Analyze and calculate reserve accrual adjustments.
- Partner with cross-functional teams to support budgeting, forecasting, scenario modeling, and predictive analytics.
- Review and provide GL coding for Refund and Recovery requests.
- Analyze pricing impacts and collaborate with business owners to document and communicate findings.
- Ensure compliance with GAAP and internal controls.
Minimum Qualifications
- Bachelor's degree in Finance, Accounting, Business, Economics, or a related field required.
- 5 or more years of progressive experience in financial analysis, forecasting, reporting, budgeting, and month-end close processes required.
Preferred Qualifications
- Advanced Excel and financial modeling skills required.
- CPA designation preferred.
- Knowledge of healthcare revenue cycle metrics and industry best practices.
- Experience with financial reporting and analytics platforms, including PeopleSoft Financials, Oracle, Hyperion Financial Management, and Essbase/SmartView.
- Familiarity with GAAP and regulatory compliance requirements.
- Experience supporting automation and reporting process improvements.
Additional Job Standards
- Strong analytical and problem-solving skills with the ability to identify trends, opportunities, and solutions.
- Ability to communicate financial information and recommendations effectively to various levels of management.
- Proven ability to manage multiple priorities in a fast-paced environment.
- Strong attention to detail and commitment to accuracy.
Requirements
- Bachelor's degree in Finance, Accounting, Business, Economics, or a related field
- 5 or more years of progressive experience in financial analysis, forecasting, reporting, budgeting, and month-end close processes
- Advanced Excel and financial modeling skills
- CPA designation preferred
- Knowledge of healthcare revenue cycle metrics and industry best practices
- Experience with PeopleSoft Financials, Oracle, Hyperion Financial Management, and Essbase/SmartView
- Familiarity with GAAP and regulatory compliance requirements
- Experience supporting automation and reporting process improvements
- Strong analytical and problem-solving skills
- Ability to communicate financial information to various levels of management
- Proven ability to manage multiple priorities in a fast-paced environment
- Strong attention to detail and commitment to accuracy
Benefits
- Medical, Dental & Vision
- Life Insurance
- STD/LTD
- 401(k)
- Paid Time Off (PTO)
- Flexible Time Off (FTO)
- Tuition Reimbursement
- Employee Stock Purchase Plan
Company overview
Labcorp (Laboratory Corporation of America Holdings) is a global leader in life sciences and diagnostics, providing comprehensive clinical laboratory services and end-to-end drug development solutions. Founded in 1978 and headquartered in Burlington, North Carolina, the company operates one of the world's largest clinical laboratory networks, serving patients, physicians, hospitals, and pharmaceutical companies worldwide. Labcorp's services encompass a wide range of diagnostic testing, including routine and esoteric tests, as well as clinical trial management, central laboratory services, and biomarker development. The company plays a critical role in healthcare by delivering vital information that enables better medical decisions, supports drug development, and improves patient outcomes. With a strong focus on innovation and technology, Labcorp continues to advance precision medicine and transform healthcare through data-driven insights.