JobsBusiness & Financial AnalystUnited StatesFinancial Analyst, Revenue Recognition & Analytics (Hybrid - 3x a week in Secaucus, NJ)
Quest Diagnostics
Posted yesterday · Jobs at Quest Diagnostics
Financial Analyst, Revenue Recognition & Analytics (Hybrid - 3x a week in Secaucus, NJ)
Quest Diagnostics · Secaucus, New Jersey, United States
In short
The Financial Analyst will assist in revenue recognition, valuation of receivable reserves, and the analysis of financial trends for the Esoterics business. They will also manage reporting schedules, ensure internal accounting controls, and collaborate with business partners to drive decision-making.
What they're looking for
MUST-HAVE SKILLS
ALSO MENTIONED
Candidates must hold a bachelor's degree in Accounting or an equivalent field. A minimum of 1-3 years of relevant experience in public or corporate accounting is required, with CPA or MBA qualifications considered a plus.
About Quest Diagnostics
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Questions about this role
- Is this Quest Diagnostics role remote?
- Tagged hybrid · 3 days in office.
- What does it pay?
- The posting lists $85,000–$95,000 a year.
- Does it sponsor visas?
- Listed as no visa sponsorship.
- What experience does it ask for?
- Listed as 2-5 years.
The posting, in full
Pay Range: $85,000 - $95,000 / 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.
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Pay Range: $85,000 - $95,000 / 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 company’s assets and maximize cash flow. Revenue Recognition and Accounts
- Receivable Reserve maintenance is one of the Company’s “significant accounting
- policies” as defined in the Company’s SEC filings, as it involves a high degree
- of judgment.
- The Financial Analyst - Revenue Recognition & Analytics (RR&A) directly supports
- Quest’s Esoterics business 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.
RESPONSIBILITIES
- Assist in the recognition of revenue and valuation of associated receivable
reserves for the Esoterics business.
- 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 Esoterics Leadership.
- Participate in the revenue and volume forecasting and budgeting process .
- Serve as an effective business partner to Esoterics Regional Revenue
- Services and Finance personnel. Actively participate in monthly billing
- and finance meetings. Collaboratively drive initiatives and recommend
- solutions.
- Recognize 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.
QUALIFICATIONS
- Bachelor’s 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
Quest Diagnostics honors our service members and encourages veterans to apply.
- While we appreciate and value our staffing partners, we do not accept
- unsolicited resumes from agencies. Quest will not be responsible for paying
- agency fees for any individual as to whom an agency has sent an unsolicited
- resume.
- Equal Opportunity Employer: Race/Color/Sex/Sexual Orientation/Gender
- Identity/Religion/National Origin/Disability/Vets or any other legally protected
- status.
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