Revenue Accountant

Job Description

Job Description

Overview

We are seeking a dynamic and detail-oriented Revenue Accountant to join our finance team. In this vital role, you will be responsible for managing and analyzing revenue streams, ensuring compliance with financial regulations, and supporting accurate financial reporting. Your expertise will help drive transparency and integrity in our financial operations, contributing to the overall success of our organization. This position offers an exciting opportunity to apply your accounting skills within a collaborative environment committed to excellence and continuous improvement.

Responsibilities

Reporting to the Controller, the Revenue Accountant is responsible for the accurate, timely, and complete accounting and reconciliation of all organizational revenue and related Accounts Receivable activity for Damian Family Care Centers, Inc. Revenue sources include patient service revenue, insurance and third-party payments, capitation, grants, contracts, donations, contributions, and other operating and non-operating revenue.

The Revenue Accountant plays a key role in month-end and year-end close, revenue recognition, Accounts Receivable reconciliation, cash receipt reconciliation, financial reporting, and audit readiness. This position works closely with Revenue Cycle, Grants, Development, Finance, and other departments to ensure amounts due to the organization are properly recorded, supported, monitored, and collected.

Essential Job Duties

· Oversee the accurate and timely recording of all organizational revenue, including patient service revenue, insurance payments, capitation revenue, grants, contracts, donations, contributions, and other revenue sources.

· Ensure revenue is recognized and recorded accurately and within the appropriate accounting period in accordance with applicable accounting principles and organizational policies.

· Maintain and reconcile revenue and related Accounts Receivable accounts to the General Ledger.

· Reconcile revenue activity to supporting reports, bank deposits, remittance information, payment records, and other source documentation.

· Prepare revenue-related journal entries, accruals, reclassifications, adjustments, and supporting schedules.

· Review and reconcile contractual adjustments, write-offs, bad debt, and other revenue-related adjustments.

· Reconcile cash receipts and ensure payments received are properly identified, applied, and recorded.

· Research and resolve discrepancies between financial records, source documentation, payment information, and the General Ledger.

· Maintain complete and accurate documentation supporting revenue transactions, journal entries, reconciliations, and adjustments.

· Maintain detailed schedules of outstanding Accounts Receivable and other amounts due to the organization.

· Monitor outstanding receivables and follow up on payments to support timely collection of amounts owed to Damian Family Care Centers.

· Research and resolve unidentified payments, short payments, discrepancies, unapplied cash, and outstanding balances.

· Identify aging or delayed receivables and coordinate appropriate follow-up with responsible departments or external parties.

· Analyze Accounts Receivable balances and identify significant changes, collection concerns, or unusual activity.

· Assist in ensuring Accounts Receivable balances are appropriately stated and supported at month-end and year-end.

· Maintain and reconcile capitation revenue and related payment schedules.

· Verify that capitation payments received agree with supporting membership, remittance, or payment reports.

· Identify discrepancies, missing payments, short payments, or outstanding amounts and coordinate timely follow-up.

· Maintain supporting schedules and documentation for capitation-related revenue and receivables.

· Analyze capitation activity and report significant variances or concerns to the Controller.

· Complete monthly revenue and Accounts Receivable reconciliations as part of the Finance Department's month-end close process.

· Prepare revenue-related accruals, journal entries, adjustments, and supporting schedules.

· Ensure reconciliations are completed accurately and within established closing deadlines.

· Assist the Controller with month-end and year-end close activities related to revenue and Accounts Receivable.

· Research and resolve outstanding reconciling items in a timely manner.

· Maintain schedules supporting significant revenue and receivable balances included in the organization's financial statements.

· Prepare monthly revenue, Accounts Receivable, collection, and reconciliation reports and schedules for the Controller and Chief Financial Officer.

· Analyze revenue activity and identify significant variances, unusual trends, delayed payments, collection concerns, and other financial issues requiring attention.

· Provide explanations and supporting documentation for significant revenue or Accounts Receivable fluctuations.

· Assist with revenue forecasting, financial analysis, and other Finance Department reporting as requested.

· Communicate discrepancies, risks, or unresolved issues to the Controller in a timely manner.

· Assist the Controller with financial statement, grant, regulatory, and other audits by preparing revenue-related schedules, reconciliations, transaction support, and other requested documentation.

· Respond to auditor requests related to revenue and Accounts Receivable under the direction of the Controller.

· Maintain organized revenue records and supporting documentation to promote ongoing audit readiness.

· Ensure revenue transactions maintain an appropriate audit trail and are supported by adequate documentation.

· Follow established internal controls, accounting policies, approval requirements, and document-retention practices.

· Assist with strengthening revenue-related accounting procedures and internal controls as appropriate.

· Coordinate with Revenue Cycle, Grants, Development, Finance, and other departments to obtain information necessary to accurately record and reconcile organizational revenue.

· Work collaboratively to research and resolve revenue discrepancies, outstanding receivables, unidentified payments, and other financial issues.

· Communicate outstanding items and documentation needs to appropriate departments and follow through to resolution.

· Serve as a Finance resource for questions regarding revenue accounting, reconciliations, and Accounts Receivable activity.

Non-Essential Job Duties

· Serve as a Finance resource for questions regarding revenue accounting, reconciliations, and Accounts Receivable activity.

Qualifications & Skills

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field required.
• CPA, CMA, or other relevant professional certification preferred but not required.
• Relevant healthcare/nonprofit accounting experience may be considered in lieu of certain educational requirements, depending on organizational needs.

Experience

• Minimum 3–5 years of accounting experience, preferably within a nonprofit healthcare organization, FQHC, hospital, medical group, or other healthcare setting.
• Experience with healthcare revenue recognition, accounts receivable, and reimbursement accounting.
• Familiarity with revenue from multiple payer sources, including Medicaid, Medicare, managed care, commercial insurance, self-pay, grants, and other governmental funding.
• Experience performing general ledger reconciliations, month-end and year-end close, journal entries, accruals, and financial statement support.
• Experience reconciling patient-service revenue and accounts receivable to billing/practice-management systems.
• Experience supporting annual financial audits and responding to auditor requests.
• Nonprofit accounting and restricted/unrestricted funding experience strongly preferred.
• FQHC experience, including familiarity with PPS/APM reimbursement, wrap payments, supplemental payments, and HRSA-related funding, is highly desirable.

Join us as a Revenue Accountant and become an integral part of a forward-thinking organization dedicated to maintaining high standards of financial integrity while fostering professional growth!

Monday - Friday 9am - 5pm
37.5