Senior Cost Analyst - West Orange, NJ

RWJBarnabas Health; West Orange (NJ); Hybrid; USD 70,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Cost Analyst to join their Decision Support team. This role involves utilizing advanced cost accounting applications to develop consistent costing models across the enterprise. The ideal candidate will have a strong background in healthcare cost accounting, analytical skills, and proficiency in Microsoft Excel. This position offers a hybrid work arrangement, allowing flexibility while contributing to the financial performance analysis of healthcare services. Join a mission-driven organization committed to improving community health and fostering a collaborative work environment.

Benefits

PTO

Insurance options

Retirement plans

Tuition reimbursement

Wellness programs

Discounts

Qualifications

• 3-5 years experience in Healthcare Cost Accounting.
• Proficiency in Microsoft Excel and strong analytical skills.

Responsibilities

• Maintain cost accounting rules for consistent handling of expenses.
• Develop processes for timely GL cost updates and cross-site consistency.

Skills

Healthcare Cost Accounting

Microsoft Excel

Analytical Skills

Attention to Detail

Education

Bachelor's degree in Finance/Accounting

Master's Degree

Tools

STRATA Cost Accounting Application

Job description

Senior Cost Analyst - West Orange, NJ

Req #: 0000197827

Category: Professional / Management

Status: Full-Time

Shift: Day

Facility: RWJBarnabas Health Corporate Services

Department: Decision Support

Location:

SBC Corporation,
95 Old Short Hills Road, West Orange, NJ 07052

Job Overview:

The Senior Cost Analyst utilizes the STRATA Cost Accounting application to process general ledger, payroll, and statistical data, developing consistent costing models across the enterprise. A comprehensive understanding of GL expenses, overhead allocation methods, and expense-to-revenue alignment is essential to accurately calculate service costs for analyzing financial performance and comparing procedural costs system-wide.

This role reports to the Manager of Decision Support and collaborates with the Decision Support team. It offers a hybrid remote work arrangement with potential travel between RWJBarnabas Health locations.

Qualifications:

Required:

• Bachelor's degree in Finance/Accounting
• 3-5 years experience in Healthcare Cost Accounting
• Proficiency in Microsoft Excel and strong analytical skills
• Attention to detail and ability to analyze large data sets and present insights effectively

Preferred:

• Master's Degree
• Experience with Strata Cost Accounting Application

Scheduling Requirements:

Hybrid remote work with travel between RWJBarnabas Health locations as needed.

Essential Job Functions:

• Maintain cost accounting rules for each facility to ensure consistent handling of expenses and proper expense-revenue alignment
• Develop processes for timely GL cost updates and cross-site consistency
• Maintain department mapping tables, GL account rules, payroll and overhead allocation rules to ensure proper cost allocation
• Communicate with site finance managers to understand GL expenses, research changes, and review costing results
• Reconcile GL revenue to charge data within Strata to ensure accuracy and alignment
• Prepare reconciliation work papers for financial statements and audit purposes
• Conduct weekly audits of costing results for encounter data completeness
• Participate in user group discussions to stay updated on system enhancements and industry trends
• Develop costing models for new entities and train staff on cost accounting modules
• Generate reports for ad hoc requests with accuracy and timeliness

Other Duties:

This job description is not exhaustive; duties may change at any time without notice.

Additional Information:

RWJBarnabas Health offers a comprehensive benefits package, including PTO, insurance options, retirement plans, tuition reimbursement, wellness programs, and discounts.

We are committed to providing high-quality, patient-centered care and fostering an inclusive, innovative work environment. Our mission is to improve community health and create educational and career opportunities across New Jersey.

Equal Opportunity Employer