Manager, Revenue Recognition & Analytics

Job Description

Pay Range: $115,000 - $130,000 / 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

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 Sr. Manager will lead the Company’s centralized revenue function with direct ownership and accountability for the accuracy and integrity of the reported revenue and accounts receivable reserves. Responsible for reporting and analysis of receivables and financial evaluation of disallowance and bad debt reserves.  Responsible for accounts receivable policies and procedures.  Special project work.  Responsible for review of industry and regulatory changes and determination of financial implications. 

Responsibilities:

• Supervise and develop staff. 
• Perform all activities required to record disallowance and bad debt reserves and provide assessment of adequacy.  
• Perform detailed business unit specific reviews for appropriateness of reserve position and compliance to A/R policies.  May be accomplished through desk audits or site visits, as warranted. (Could require up to 10% travel) 
• Present to Senior Management monthly on activity and reserve position. 
• Accounts receivable finance liaison for newly acquired businesses.  Includes evaluating opening balance sheet position, communicating and establishing standard accounting procedures, and educating local staff. 
• Monitor run out related to system conversions and divestiture.  Review and monitor plans and actions to ensure cash maximization. 
• Drive the development and roll out of standard financial models to be deployed to the field to supplement analysis on the adequacy of reserves. 
• Maintenance of Accounts Receivable Policies and Procedures. 
• Sarbanes Oxley – responsible for all related activities as a key control owner. 
• Monthly special projects (current examples – standardization initiatives, price canyon development) 
• Identify and drive bad debt reduction opportunities. 
• Key contact for field and corporate personnel to address all sales, bad debt and accounts receivable related questions. 
• Provide assistance in completing all financial audit requests for documentation and reporting. 

Qualifications:

5-7 years of progressive work experience in Accounting

Strong computer skills, analytical skills and interpersonal skills

Action oriented self-starter

Natural sense of curiosity

Ability and desire to subsequently be promoted into higher positions 
B.S. Accounting or Finance 
Knowledge of the healthcare industry, billing and accounts receivable issues a plus CPA/MBA a plus 
Limited travel required (< 10%) 
Overtime required during month-end close, special projects

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Quest Diagnostics honors our service members and encourages veterans to apply.

While we appreciate and value our staffing partners, we do not accept unsolicited resumes from agencies. Quest will not be responsible for paying agency fees for any individual as to whom an agency has sent an unsolicited resume.

Equal Opportunity Employer: Race/Color/Sex/Sexual Orientation/Gender Identity/Religion/National Origin/Disability/Vets or any other legally protected status.