Financial Analyst, Revenue Recognition & Analytics (Hybrid Secaucus, NJ 3x week)

Pay Range: $85000 - $95000 / year

Salary offers are based on a wide range of factors including relevant skills training experience education and where applicable certifications obtained. Market and organizational factors are also considered. Successful candidates may be eligible to receive annual performance bonus compensation.

Benefits Information:

We are proud to offer best-in-class benefits and programs to support employees and their families in living healthy happy lives. Our pay and benefit plans have been designed to promote employee health in all respects physical financial and developmental. Depending on whether it is a part-time or full-time position some of the benefits offered may include:

Day 1 Medical supplemental health dental & vision for FT employees who work 30 hours

Best-in-class well-being programs

Annual no-cost health assessment program Blueprint for Wellness

healthyMINDS mental health program

Vacation and Health/Flex Time

6 Holidays plus 1 MyDay off

FinFit financial coaching and services

401(k) pre-tax and/or Roth IRA with company match up to 5% after 12 months of service

Employee stock purchase plan

Life and disability insurance plus buy-up option

Flexible Spending Accounts

Annual incentive plans

Matching gifts program

Education assistance through MyQuest for Education

Career advancement opportunities

and so much more!

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 companys assets and maximize cash flow. Revenue Recognition and Accounts Receivable Reserve maintenance is one of the Companys significant accounting policies as defined in the Companys SEC filings as it involves a high degree of judgment.

The Financial Analyst - Revenue Recognition & Analytics (RR&A) directly supports one of Quests regions and/or other DIS businesses 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.

We strive for our Financial Analysts to serve as effective suppliers and customers to other members of the RR&A team and their business partners by providing them with market specific insights standard analytics and consistent forecasting and budget assumptions where appropriate.

• Assist in the recognition of revenue and valuation of associated receivable reserves for their responsible areas.
• 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 our key business partners.
  • Analyze significant trends and report monthly financial results.
  • Contribute to monthly Revenue Analytics Reporting to Regional Leadership Teams (RFDs General Managers VP Commercial VP Operations).
  • Participate in the revenue and volume forecasting and budgeting process.
  • Serve as an effective business partner to Regional Revenue Services and Finance personnel. Actively participate in monthly billing and finance meetings. Collaboratively drive initiatives and recommend solutions.
• Recognizing that this centralized team serves many business partners be agile customer focused and performance oriented. To the extent competing priorities are encountered be transparent in communicating the prioritization and the underlying reasons.
• 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 our Revenue Performance that delivers meaningful insights.
• Support M&A initiatives audits and other special projects as needed.

• Bachelors 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