Accountant Sr - Financial Reporting - Clinical Practice and Affiliate

Summary To perform accurate and timely revenue recognition related to affiliate and clinical contracts, including issuance of customer invoices and accounting duties required to establish, monitor, and record the related receivables, in accordance with generally accepted accounting principles and established policies and procedures. This role will build partnerships and relationships, across the organization and externally, that lead to the highest levels of collaboration and effectiveness. Primary Responsibilities Evaluate new, existing, and amended contracts for proper revenue recognition under generally accepted accounting principles and internal policies and procedures. Work collaboratively with others to gather information and to interpret and thoroughly understand affiliate contractual agreements. Perform assigned duties related to the month-end and year-end financial statement closing and audit including, but not limited to, accrual preparation, allocations, and month end financial statement analysis. Analyze budget to actual variances to ensure adherence to contractual agreements. Identify, set up and maintain Workday project accounts and customer contracts in accordance with agreements and to support financial reporting and billing purposes. Prepare and deliver invoices, using Workday, to affiliate and clinical customers in accordance with contractual agreements. Create new customers in Workday, as necessary. Maintain and update customer billing information, instructions, and requirements necessary to accurately process invoices and obtain collections. Monitor the open and aging receivables and work to resolve collection issues in a timely manner. Properly communicate and/or escape collection issues that are not resolved sufficiently in a timely manner. Reconcile invoices issued to accounting ledgers. Identify discrepancies and work with departments to resolve. Be a finance liaison for affiliate and clinical contract customers across the organization. Build strong working relationships with counterparts at primary affiliate organizations. Review, approve and/or process Accounting Adjustment and Funding Reallocation forms for assigned areas of responsibility. Assist in the testing of financials systems related to assigned areas of responsibility. Perform other duties as assigned. Perform work in an independent manner and in compliance with departmental quality standards for timeliness, accuracy, presentation format and the creation or maintenance of related policies and procedures. Knowledge - Skills - Abilities Excellent verbal and written communication skills and the ability to listen critically and interact with individuals at all levels both within and outside the organization. Advanced technology skills, including Excel, Word, automated accounting software, business intelligence cubes and related report writing tools is required. Strong critical thinking, problem-solving and analytical skills and the ability to work independently to assess available information, draw conclusions and understandings, and present such conclusions effectively to other parties. High level of attention to detail and strong organizational skills and the ability to prioritize and stay focused on assigned priorities, work independently to meet internal and external deadlines and produce a consistently high-quality product. Demonstrated ability to contribute in a team environment. Possess superior customer service skills. Demonstrated ability to show initiative, exercise judgment and adapt to change. Accurate and timely posting of revenue requires a high level of attention to detail as well as the ability to establish priorities and meet deadlines. Qualifications Appropriate experience may be substituted for education on an equivalent basis. Minimum Required Education: Bachelor's degree in Accounting Minimum Required Experience: 5 years Physical Requirements Work requires occasionally lifting moderate weight materials, standing, or walking continuously. Work Environment Occasional exposure to dust, noise, temperature changes, or contact with water or other liquids. Work is performed in an environmentally controlled environment. Sensory Acuity Ability to detect and translate speech or other communication required. May occasionally require the ability to distinguish colors and perceive relative distances between objects. Why MCW? Outstanding Healthcare Coverage, including but not limited to Health, Vision, and Dental. Along with Flexible Spending options 403B Retirement Package Competitive Vacation and Paid Holidays offered Tuition Reimbursement Paid Parental Leave Employee & Family Assistance Program (EFAP) Pet Insurance On campus Fitness Facility, offering onsite classes Additional discounted rates on items such as: Select cell phone plans, local fitness facilities, Milwaukee recreation and entertainment etc. MCW as an Equal Opportunity Employer and Commitment to Non-Discrimination The Medical College of Wisconsin (MCW) is an Equal Opportunity Employer. We are committed to fostering an inclusive community of outstanding faculty, staff, and students, as well as ensuring equal educational opportunity, employment, and access to services, programs, and activities, without regard to an individual's race, color, national origin, religion, age, disability, sex, gender identity/expression, sexual orientation, marital status, pregnancy, predisposing genetic characteristic, or military status. Employees, students, applicants or other members of the MCW community (including but not limited to vendors, visitors, and guests) may not be subjected to harassment that is prohibited by law or treated adversely or retaliated against based upon a protected characteristic. #J-18808-Ljbffr