Humber River Health. Lighting New Ways In Healthcare.

Since opening our doors in 2015 as North America’s first fully digital hospital, we remain unwavering in our belief that we can change the hospital where we work, the community where we live, and the world of healthcare beyond our borders. Serving a community of 850,000 residents in North West Toronto, Equity Inclusivity and active participation in the North West Toronto Ontario Health Team are key initiatives important to our Team.  At Humber River Health, we use a custom combination of technology and clinical expertise to rebuild elements of care. We make technology work for staff and physicians; giving them more time to spend with patients, to eliminate inefficiencies, and to reduce the chance of errors. Humber River Health is formally affiliated with both the University of Toronto and Queen’s University and committed to becoming a community academic hospital. Clinical Excellence, Optimizing Care through Technology and Community Connection frame our Research Strategy.

At Humber River Health, we’re not hoping for a renaissance, we are making it happen. As part of our dynamic team, you can lead the way, as we continue our journey towards high reliability care!

We currently have an exciting opportunity here at Humber River Health for a Financial Analyst – Treasury and Accounts Receivable to join our Financial Services team.  The successful candidate will be responsible for processing all financial transactions and financial reporting related to cash, investments and accounts receivables management.

Employment Status: Full-time 
Hours of Work: Must be available to work Monday to Friday. 
Location: Humber River Health - Wilson Site
Labour Group: Non-Union
Reporting Relationship: Manager, Accounts Receivable

**Please note this position is fully onsite

Responsibilities:

• Perform day to day banking activities including, monitoring of bank accounts to ensure no fraudulent activities are processed , download and analysis of daily banking data, upload of cheques for payment, clearing of paid cheques, voiding / stop payments as requested and processing all requests/queries related to bank accounts
• Assist in the preparation of daily/monthly/annual cash flow position and projections, liquidity strategies and payment priorities
• Prepare manual journal entries for all bank account transactions that are not recorded through the Billings/Accounts Receivables and/or Accounts Payable system
• Prepare bank, investments and loan account reconciliations in a timely manner for review; ensure outstanding items are cleared before the following month end
• Record keeping of all banking information and backup to address external Auditors needs and assist with the annual year end Audit

• Record and reconcile corporate credit card transactions in collaboration with management
• Support the management of insurance policies and reporting
• Oversee cash office bank deposits and ensure cash and overall balances reconcile
• Complete closing of sub-ledger systems on a monthly basis (i.e. Accounts Receivable)
• Prepare revenue and receivables monthly journal entries, account reconciliations, and other working papers necessary to support timely and accurate financial reporting in accordance with company policies

• Develop patient revenue, bad debt provision, investment / interest income budget in collaboration with Finance management
• Apply Generally Accepted Accounting Principles (GAAP)/Public Sector Accounting Standards and Management of Information Systems (MIS) standards to recommend appropriate accounting entries for the accurate recording of monthly financial results
• Review monthly actual vs. budget results; follow up on significant variances, and determine appropriate action; refer highly complex issues to Manager / Director for resolution
• Evaluate the reasonableness of financial data; provide recommendations for changes to processes and procedures to enhance financial reporting, and efficiency
• Provide management with a single source for interpretation of financial and business information (i.e. length of stay, volume contributing to patient revenue trends)
• Any ad-hoc tasks as deemed necessary

 Requirements:

• An undergraduate degree in finance/accounting/ business administration
• Minimum 3 years recent accounting finance experience required, accounts receivable and treasury operations in healthcare environment preferred
• Experience with Meditech is a strong asset and as well as an aptitude for learning new computer applications
• Excellent problem solving and analytical skills
• Strong working knowledge of Microsoft Excel, Word and Outlook
• Ability to prioritize multiple competing priorities, take initiative and embrace challenges
• Excellent interpersonal skills and team player
• Strong verbal and written communication skills

Why choose Humber River Health?

At Humber River Health, our staff, physicians, and volunteers are lighting new ways in healthcare. We are proud to be recognized as a part of Greater Toronto’s Top Employers by Mediacorp Canada Inc. We support employees by providing evidence-based leadership and cultivating a culture that consistently wows with our unwavering commitment to Staff, Physician and Volunteer engagement. We are a member of the Toronto Academic Health Science Network (TAHSN) and are deeply involved in research and academic collaboration. We are dedicated to high-quality patient care and demonstrate our values of compassion, professionalism, and respect.

Attracting and retaining a workforce that represents the diverse communities surrounding Humber River Health, is a priority.  We encourage applicants from all equity-deserving groups, including but not limited to, individuals who identity as Indigenous, racialized, seniors, persons living with disabilities, women, and those who identify as 2SLGBTQ.

Applicants will not be discriminated against on the basis of race, creed, sex, sexual orientation, gender identity or expression, age, religion, disability, medical condition, or any protected category prohibited by the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act.

Accommodations are available throughout the recruitment process as well as during employment at Humber River Health. Please direct any accommodation requests to our recruitment team.