Job Description

The purpose of the Finance Department is to ensure that Programs and/or Departments and Senior Management have appropriate information available to them to effectively evaluate the performance of their area of responsibility within the Hospital, and to assist them in maximizing opportunities to improve efficiencies in the delivery of care to the patient populations. The Finance Department provides support to the Programs and/or Departments in the interpretation of the financial and statistical information provided to them.

Responsibilities

+ Review and analyze EPIC workque for the financial impacts of missing information and/or documentation.
+ Coordinate and contact to obtain and update EPIC system with the missing information and/or documentation.
+ Assist with completion of insurance coverage new or renewal applications.
+ Liaise with agencies to support application and/or renewal of insurance coverages.
+ Review and assist financial impacts of uninsured patients and help them with identifying other accessible insurances.
+ Liaise between teams to bridge workflow gaps in the DMEs, Minor Surgeries etc. billing and collecting prepayment; including supporting and reinforcing clerk training on tasks like collecting payments, generating estimates, and completing ARF forms.
+ Supports the month-end and year-end financial close out procedure and assists in maintaining the general ledger:
- Timely preparation non-complex journal entries and ensures sufficient supporting documentation included, with minimal guidance and supervision
- Assist in posting complex journal entries with guidance and supervision from the Senior Financial Analyst or Management, as required
- Liaise with departments across the organization to ensure financial results are complete and accurate

+ Prepare variance analysis for non-complex accounts, understanding the nature of the business to provide an in-depth analysis identifying key factors contributing to the variance, ensuring completeness and accuracy of data
+ Review and analyze non-complex accounting transactions to ensure proper PSAS treatment which may require research of technical accounting literature and compliance with Ontario Hospital Reporting Standards.
+ Responsible to provide subject matter expertise in analyzing and responding to inquiries and solving problems related to the non-complex accounts assigned
+ Provide finance business partners and other departments with appropriate and timely financial data each month-end to allow for evaluation of financial performance through exporting, summarizing, manipulating and analyzing data
+ Monthly Balance sheet reconciliations:
- Prepare balance sheet reconciliation on a timely basis for non-complex GL accounts that are assigned, ensuring sufficient support is documented for reconciling items and understanding accuracy and validity of reconciling items
- Liaise with cross-functional departments that record journal entries to obtain support for balance sheet reconciliation, understanding why it is appropriate/inappropriate as needed and communicating this to cross-functional department

+ Others as assigned
+ Maintains financial records for UHT, assisting the Manager in the preparation of audit working papers for the year-end audit and addressing audit queries, in a timely manner;
+ Prepare financial information to assist in the production of leadership reporting packages for Resource and Executive committees and Board meeting presentations;
+ Assist the Senior Financial Reporting Specialist to design, develop and implement reports based on business needs through exporting, summarizing, manipulating, and analyzing data;
+ Support the provision of information to senior management by providing appropriate information, on a monthly and timely basis, to facilitate effective/timely response to early indications, as issue arise related to the non-complex accounts assigned
+ Reporting and analysis to support Revenue Optimization and Patient Revenue (ROPR) initiative.
+ Specific jobs/tasks as assigned for the Revenue optimization - Patient Revenue taskforce and other relevant committees/working groups/taskforces.
+ Monitor and map simple business processes, with particular attention to internal control and reporting functions; and identify immediate and longer-term solutions to ensure the integrity of data and financial information;
+ Exercise due diligence in fiscal management and reporting, independently and when part of a project delivery team to reduce financial, legal, and reputational risks;
+ Review, analyze, and prepare monthly reconciliations of various general ledger accounts and year-end accounting and audit schedules to provide supporting documentation to internal and external auditors;
+ Assist management on projects with Business Informatics to improve efficiency, financial controls and data integrity.
+ Ensure that the network is minimizing their foreign exchange costs and manage the accounting for the foreign exchange by ensuring the foreign exchange rate is up to date on the accounting system;
+ File HST return monthly with CRA
+ Assist in preparation of annual charity return
+ Maintenance of chart of accounts
+ Engage in ad hoc projects for the Manager and for Senior Management.
+ All staff are expected to carry out their assigned duties and responsibilities in a manner which prioritizes patient and employee safety and confidentiality. Key accountabilities in this regard include:
- Strict compliance with patient/employee confidentiality practices and policies
- Strict compliance with patient/employee safety practices and standards.
- Appropriate identification, reporting and response to patient/employee confidentiality breaches in accordance with established policies and procedures
- Appropriate identification, reporting and response to patient/employee safety risks and incidents/events in accordance with established policies and procedures.

Qualifications

+ University degree or college diploma in accounting or business administration required
+ 2 years' work experience is preferred
+ Working towards a professional designation preferred
+ Well organized and ability to navigate difficult situations
+ Proactive and the ability to identify issues and risk
+ Excellent interpersonal skills
+ Excellent verbal and written communication skills
+ Customer service oriented, self-motivated, team oriented, continually learning
+ High computer literacy in using ERP systems and Excel


Unity Health Toronto is committed to creating an accessible and inclusive organization. We strive to provide a recruitment process that is barrier-free and in compliance with the Accessibility for Ontarians with Disabilities Act (AODA) and the Ontario Human Rights Code. We understand that you may require an accommodation at any stage of the recruitment process. When you are contacted, please inform the Talent Acquisition Specialist and we will work with you to meet your accommodation needs. We want to emphasize that all accommodation requests are handled with the utmost confidentiality, respecting your privacy and dignity.