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.
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.
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
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
1+ year public accounting experience
Experience with preparing US GAAP financial statements, including consolidations and eliminations
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
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.
Founded in 1861, the University of Washington is one of the oldest public institutions in the west coast and one of the preeminent research universities in the world. The University of Washington is a multi-campus university comprised of three different campuses: Seattle, Tacoma, and Bothell. The Seattle campus is made up of sixteen schools and colleges that serve students ranging from an undergraduate level to a doctoral level. The university is home to world-class libraries, arts, music, drama, and sports, as well as the highest quality medical care in Washington State and a world-class academic medical center. The teaching and research of the University’s many professional schools provide undergraduate and graduate students the education necessary toward achieving an excellence that will serve the state, the region, and the nation. As part of a large and diverse community, the University of Washington serves more students than any other institution in the Northwest.