Financial Analyst, Family Managed Homecare Program - Markham, Canada - Home and Community Care Support Services

Home and Community Care Support Services

Verified Company

Markham, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Description:

As the Financial Analyst (FA), the primary responsibility will be the Family Managed Home Care Program.

This role performs a number of financial, accounting, and analytical duties in order to ensure that clients using the Self-Directed Care ("SDC") model receive prompt reimbursement for services that are compliant with the SDC Funding Agreement and the relevant policies and directives of Home and Community Care Support Services Central (HCCSS, formerly LHIN).

MAJOR RESPONSIBILITIES:

Contract and Invoice review:
Reviews relevant schedules of the SDC Funding Agreement for each client to ensure understanding of different requirements.
Reviews approved SDC budget plan for each client, ensures that the HCCSS Central only provides SDC funding to the Client or Substitute Decision-Maker ("SDM") for eligible expenses. Identifies anomalies and other inconsistencies and escalates issues on a proactive basis.
Completes the investigation and reconciliation of monthly expenses for services and other eligible expenses to ensure compliance with funding agreement
Executive and Operational Support:
Provides corporate financial analysis and monitoring services in support of senior management
Interacts directly with client/SDM in order to maintain regular communication to those in receipt of funds. Reconcile reports and documentations submitted by funding recipients and processes adjustments as needed for under/over spending.
Ensures that all payments are tracked and accounted for and proper signature authorization is obtained before release of payment.
Reporting and Analysis:
Develops and submits required financial and statistical reports to various internal and external stakeholders such as the Ministry of Health ("MOH").
Reviews reports validating that the Client or SDM only uses SDC funding to pay for SDC Service Providers and other eligible expenses equipment, in accordance with the requirements under the SDC Program Specifications and the SDC Template Agreement
Accounting:
Verifies that the processing of payments and distribution of cheques complies with the payment terms and timelines established by the SDC Funding Agreement and the relevant policies and directives of the HCCSS.
Reconciles payments to SDC clients based on invoices and receipts received, reviewed and approved by the HCCSS Central.
Provides program related accruals for monthend and yearend close.
Provides program related information during budgeting and auditing season.
System and Data accuracy:
Implements and monitors processes in Accounts Payable and Client Health Record Information System ("CHRIS") billing areas related to SDC funding plans.
Input/upload financial and statistical information in CHRIS for MOH reporting.
Process improvement:
Participates in the ongoing development and quality improvement of the FMHC/ Accounts Payable/billing suspension processes.
Performs other duties as assigned.

KNOWLEDGE & SKILLS:

Knowledge:

Bachelor's degree in Commerce, Business or other relevant area of study

Chartered Professional Accountant designation an asset

Five (5) years' experience in a financial, accounting and/or analytical role preferably in the healthcare sector.
Good knowledge of medical terminology.
Ability to assimilate MIS compliant information into General Ledger.

Skills:

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Inquisitive mindset with proven ability to probe for information, ask questions, and escalate issues when needed.

Diligent and thorough with utmost focus on data integrity and accuracy.
Excellent analytical and problemsolving skills.
Demonstrated organizational skills with ability to organize/prioritize daily workload in the presence of frequent interruptions.
Excellent customer service skills in dealing with Service Provider Agencies, suppliers, hospitals, and staff at all levels including Management.
Welldeveloped communication skills required to work in a team environment and with diverse backgrounds.
Ability to work in a fastpaced and deadlinedriven environment with frequent changes and interruptions.
Selfstarter with commitment to learning.
Clientdriven focus to ensure a direct line of sight to those who will be in receipt of funds.
Strong customer service/followup orientation.
Ability to deal with complex and sensitive issues, exercising diplomacy and discretion.
Excellent oral and written communication skills with a sound knowledge of the English language to facilitate effective communication with all levels of HCCSS staff.
Bilingualism in French is an asset.
Ability to work collaboratively with all levels of staff and Service Providers.