Quest Diagnostics

Sr. Financial Analyst, Revenue Recognition & Analytics (Hybrid - 3x a week in Secaucus, NJ)

Quest Diagnostics$96K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Accounting or equivalent required
  • 3 years of relevant experience in public accounting or corporate accounting
  • Strong computer and analytical skills
  • Excellent verbal and written communication skills
  • CPA and/or MBA preferred

Responsibilities

  • Own and manage revenue recognition and receivable reserves for designated areas
  • Analyze receivables, patient pricing concessions, and bad debt for decision making
  • Maintain reporting schedules and ensure control environment integrity
  • Engage with business partners to analyze financial trends and results
  • Participate in revenue forecasting and budgeting processes
  • Adapt to prioritize competing tasks while maintaining transparency
  • Develop best practices for revenue reporting and work to improve processes

Benefits

  • Day 1 medical, dental, and vision for full-time employees
  • Well-being programs and health assessments
  • Vacation and flexible health time off
  • 6 holidays plus 1 personal day
  • Financial coaching and services
  • 401(k) with company match after one year
  • Education assistance and career advancement opportunities
Full Job Description
JOB DESCRIPTION

Pay Range: $96,000 - $110,000 / 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 Senior Financial Analyst - Revenue Recognition & Analytics (RR&A) directly supports one of Quest’s regions and/or other DIS businesses and is responsible for 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 Senior Financial Analysts to serve as an effective supplier and customer 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.   


JOB RESPONSIBILITIES
  • Have full ownership and responsibility for recognition of revenue and associated receivable reserves for their responsible areas.  
    • 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 and explain significant trends and report monthly financial results.
    • Contribute to monthly Revenue Analytics Reporting to Regional Leadership Teams (RFDs, General Managers, VP Commercial, VP Operations).
    • Participate actively in the revenue and volume forecasting and budgeting process.   
    • Serve as an effective business partner to Regional Revenue Services and Finance personnel.  Actively participate in monthly billing and finance meetings. Collaboratively drive initiatives and recommend solutions.
  • Recognizing 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. 

JOB QUALIFICATIONS
  • Bachelor’s degree in Accounting or equivalent degree required
  • Minimum of 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

About Quest Diagnostics

Celera is a healthcare business that uses knowledge of human variability to provide new tests and services to personalize disease management. Their Products business develops and manufactures molecular diagnostic products that are used by hospitals and other clinical laboratories to detect, characterize, monitor and select treatment for disease. They have a distribution agreement with Abbott, through which they develop and commercialize a wide range of molecular diagnostic products, with Abbott serving as the distribution partner.

Quest Diagnostics Careers

Joining Quest Diagnostics means becoming part of a team committed to everyday excellence and innovation in health. As a leading provider of diagnostic insights, Quest Diagnostics offers unparalleled job opportunities in the medical and scientific sectors, making it an ideal place for professionals seeking growth and development in their careers.

Work You’ll Do

At Quest Diagnostics, you will contribute to a culture that values integrity and accountability, where your work significantly impacts patient health and community well-being. Our diverse team of professionals leverages cutting-edge technology and data to lead advancements in diagnostics and healthcare solutions.

Explore Career Opportunities

Whether you're looking for a position in the lab, a leadership role, or a support function, Quest Diagnostics provides a breadth of opportunities. Our commitment to professional growth includes robust training programs and opportunities for advancement, ensuring that every employee can thrive professionally.

Innovate with Us

Join a team where innovation is at the heart of what we do. At Quest Diagnostics, your skills in science, technology, and beyond can help drive transformation in healthcare services. Our collaborative environment encourages creativity and out-of-the-box thinking to improve patient outcomes and streamline processes.

Internship and Employment Opportunities

Start your career path with Quest Diagnostics through our internship programs or full-time employment opportunities. We are committed to hiring talented individuals who are passionate about building a rewarding career in healthcare. Our internships provide a solid foundation in industry-specific skills and networking opportunities, setting the stage for a successful career.

Benefits and Culture

Quest Diagnostics is dedicated to fostering a workplace where diversity and inclusion are embedded in our DNA. From competitive benefits and wellness programs to diversity training and flexible work arrangements, we ensure our employees have what they need to succeed both professionally and personally.

Leadership and Development

We believe in nurturing leadership skills at every level of the organization. Quest Diagnostics offers various leadership programs designed to help you grow as an influential professional. With continuous learning and development, you can expand your expertise and take on new challenges.

Join Our Team

Search open positions that match your skills and interests. At Quest Diagnostics, we look for driven, curious, and innovative team players who are ready to make a difference. Explore the many facets of our business, from scientific research to client services, and find where you can make your mark.

Stay Connected

Keep up to date with career tips, industry insights, and the latest innovations at Quest Diagnostics. Our careers blog offers valuable information to help you navigate your professional journey effectively.

Job Alert Emails

Customize your subscription to receive job alerts and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities waiting for you at Quest Diagnostics. At Quest Diagnostics, every role has an impact. Embark on your career journey with us and transform the landscape of healthcare through the power of insight.
Learn more about Quest Diagnostics
Size
40,000 employees
Market Cap
$17.8 billion
Industry
Net Income
$1.4 billion
Founded
1959
5 Year Trend
+7.5%
Revenue
$9.4 billion
NASDAQ

Similar Jobs

More Jobs at Quest Diagnostics

More Finance & Insurance Jobs

Find similar Sr. Financial Analyst, Revenue Recognition & Analytics (Hybrid - 3x a week in Secaucus, NJ) jobs: