Veterinary Medical Center Auditor

The Financial Auditor is responsible for conducting financial reviews of client bills to ensure all charges for services provided within the Veterinary Medical Center (VMC) have been appropriately captured. This position ensures compliance with organizational policies and University of Minnesota regulatory requirements, and supports the integrity of financial operations within the VMC. This role performs financial analysis of monthly and annual charge recapture activities, daily auditing of client bills, reconciliation, monthly and annual charge capturing reporting.

This position is expected to collaborate to improve operational efficiency. All activities of a Financial Auditor involve an understanding of confidentiality and integrity in handling client, service and financial information.

The Financial Auditor applies established financial policies, procedures, and auditing standards to evaluate financial transactions, identify risks or compliance concerns, and recommend corrective actions or process improvements. The Financial Auditor is responsible for timely and respectful communication to clinical and supervisory team members related to performance of team members. This position is expected to collaborate to improve operational efficiency. May lead projects, committees, or collaborative initiatives.

May supervise student employees when applicable.

Job Responsibilities

60%- Auditing Service Charges

• Review financial transactions via client bills, medical record documentation, direct charge accounts and communication log documentation ensure charge capture is accurate, complete, and adheres to policies and regulations.
• Adjust bills to reflect accurate costs for services and approve prior to discharge.
• Answer billing questions for hospital services and the Customer Contact Center.
• Conduct financial audits, transaction reviews, reconciliations of grant and fund paperwork, communicate performance and compliance to VMC services
• Perform financial analysis of monthly and annual charge recapture activities to evaluate performance and identify compliance concerns.
• Monitor data and compare with internal processes and recommend improvements to strengthen financial accountability and safeguard organizational resources.
• Evaluate compliance with applicable financial policies, University or federal regulations, grant requirements, policies, and procedures. Suggest improvements and assist in creating improvements in policies where gaps exist.
• Assist with financial reporting, budgeting activities, and chart of accounts maintenance.
• Work with VMC accounts payable, accounts receivable, and accounting team members as necessary.
• Identify compliance issues and provide recommendations for corrective action and process enhancements.

20%- Planning and Reporting

• Prepare reports summarizing audit findings and recommendations
• Analyze recorded charge capture data to identify and act on trends, discrepancies, and operational risks. Report discrepancies to the Director of Operations.
• Assists with the development of new procedures as needed
• Identifies need for standard operating procedure or technological changes to ensure data integrity and accuracy
• Prepare audit findings on a monthly and annual basis, prepare activity reports with supporting documentation to present to service leadership for review. Prepare activity reports on demand when necessary.
• Collaborate with leadership, finance staff, and stakeholders to ensure timely resolution of audit concerns.
• Train clinical and clerical teams to properly enter charges and assist with accurate record keeping, including the creation of estimates.
• Knowledge of advancements in technology and software related to auditing and medical record keeping work. Provide training and creation of training documents when needed.

Anticipated Work Arrangement: Hybrid

Anticipated

Work Schedule:

40 hours/week

Required Qualifications

• BA/BS degree or a combination of related education and work experience to equal four years.

Preferred Qualifications

• Veterinary Medicine experience
• Excellent communication and interpersonal skills
• Strong analytical skills and attention to detail
• Proficient in using electronic…