Financial Analyst - M-F 9:00am - 5:30pm
There's quite a distance between wondering and knowing. And for patients waiting for answers to important health questions, it's a road they want to travel as quickly as possible.
Currently, we have an opportunity available for a Financial Analyst - Revenue Recognition and Analytics at our corporate headquarters in Secaucus, NJ. Revenue Recognition & Analytics is a Center of Expertise within the finance & accounting function.
At Quest Diagnostics Incorporated, we understand urgency. But more than speed, we focus our energies on accuracy. We strive for our Financial Analysts to serve as an effective supplier and customer to other members of the Revenue Recognition and Analytics team by providing them with market specific insights, standard analytics, consistent forecasting and budget assumptions, where appropriate.
Here at Quest, we believe in “paying it forward” – doing good for each other as well as our broader community. Actively participating in QuestCares events is highly encouraged and we ask each employee to commit to the Revenue Recognition and Analytics Standards of Behavior.
By committing to a personal development via continuous maintenance of an Individual Development Plan, engaging in training and learning opportunities, and having an active mentoring relationship, Quest employees have the opportunity to create their own destiny. We believe in setting goals, developing a vision and then working to achieve the goals that have been set.
A Financial Analyst in Revenue Recognition & Analytics would:
Assist in the valuation and recording of all revenue and associated receivable reserves for all domestic DIS businesses (approx. $7B revenue and $4B reserves in 2018) and the related accuracy and integrity of the reported numbers, as well as ownership and responsibility for the analysis, forecasting and budgeting of revenues and volumes for the Domestic DIS businesses. (Related revenue approximates $7B).
Support an appropriate accounting control environment that produces “ no surprises”, tightly manages the internal control environment, meets the requirements of the Company’s Internal Control Assessment supporting requirements of Sarbanes-Oxley, ensure “clean” internal and external audit reviews, adherence to accounting policies and authorization practices, and overall integrity of the financial statements.
Contribute to the Company’s establishment of a Revenue Analytics Center of Expertise by identifying significant trends, explaining monthly financial results, and assisting in the revenue and volume forecasting and budgeting process. Work hand in hand with the Senior Financial Analysts in the centralization of revenue analytics, forecasting and budgeting processes (processes, SOP’s, checklists, system configuration and tools) to support efficient and effective analytics, forecasting and budgeting.
Develop and maintain standardized best practices regarding the reporting and analysis of revenues, analytical tools and related processes. Drive continuous improvement to deliver the highest quality. Continually reassess customer needs in light of business / market dynamics, proactively identifying trends and working with Business Partners to adjust deliverables accordingly.
Participate in the generation of weekly volume reporting and own reconciliations that are critical to revenue recognition and analytics. The lab-to-billing reconciliation is a key element of the control environment that ensure the completeness of our revenue.
Generate and review key reports in support of the revenue recognition and accounts receivable valuation process. Reports include items such as disallowance, bad debt, adjustments, rejects, cash and DSO. Contribute to the Company’s Management Reporting to Senior Management (CFO, VP Controller) through contributions to the monthly “Accounts Receivable and Billing Report”.
Serve as an effective business partner to Regional Revenue Services and Finance personnel. Actively participate in monthly billing deck calls. Review billing benchmarks for changes in trend.
Special projects, as needed.
Bachelor's degree in Accounting
A minimum of 1 - 3 years related experience
Excellent verbal and written communication skills
Strong computer skills
CPA and/or MBA or progress towards is a plus
Employees must upload or send to the Recruiter a completed Request For Transfer (RFT) and the employee's most recent Performance Development & Review (PDR).
Please log in or register to upload a resume and complete the online application.
Quest Diagnostics has many career opportunities for individuals whose talent, initiative and dedication will complement our belief that the patient comes first and that values do matter. We work to earn our customers’ trust every day by providing the highest quality diagnostic information services in a professional, accessible and informative way.
Our workforce is diverse and talented and believes in our vision: "Empowering Better Health with Diagnostic Insights."
[All requirements are subject to possible modifications to reasonably accommodate individuals with disabilities.]
Quest Diagnostics is an Equal Opportunity Employer (EEO).