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Financial 2024 Summer Internship

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Indiana University Health

Feb 27

Applications are closed

  • Internship
    Full-time
    Off-cycle Internship
  • Data
    Banking & Finance
  • Indianapolis

Requirements

  • Requires current enrollment in an Associate's, Bachelor's, and/or Master's Degree Program.
  • Requires proficiency in Microsoft Office programs.

Responsibilities

  • General Accounting:
  • Supports IU Health’s business units with monthly reporting on financial performance
  • Performs financial planning and pro forma development
  • Offers training and support to department leaders in managing their budget
  • Ensures IU Health’s compliance with federal, state, and local laws and regulations for many tax areas, including payroll, sales and use tax, property tax, income tax, etc.
  • Revenue Cycle Services:
  • Supports all financial aspects of a patient’s care including clinical support and payor (insurance) relationships in optimizing revenue and patient support
  • Provides billing and collections services to ensure quality patient financial services
  • Offers a personalized cost estimate service to support patients in making informed decisions regarding their care before they receive healthcare services
  • Internal Audit:
  • Participates in a broad-based Internal Audit program that evaluates the efficiency and effectiveness of IU Health’s operations. Responsibilities will include but not be limited to:
  • Conducts independent risk assessments
  • Applies internal control frameworks and related leading practices to audit engagements
  • Evaluates the design and operating effectives of internal control systems, including Internal Control over Financial Reporting (ICFR)
  • Performs audit procedures, including identifying and defining issues, reviewing and analyzing evidence and documenting client processes and procedures
  • Identifies, develops, and documents audit issues and recommendations for improvement
  • Assists in communicating the results of audit and consulting engagements via written reports and oral presentations
  • Strategic Financial Planning and Analysis:
  • Uses data to guide the allocation of IU Health’s resources in employees, finances, and facilities/equipment across the system
  • Manages annual financial planning and long-range planning strategy
  • Forecasts project pro forma cash flows (IRR and NPV)
  • Provides IU Health leaders with performance reports to identify opportunity for a number of revenue-generating and expense management initiatives
  • What could you be doing as a finance intern at IU Health? A couple examples:
  • Analyze data for interpretation, reporting, and modeling
  • Monitor and process general ledger, payroll, and patient activities for patient costing
  • Interpret trends or patterns in complex data sets with a high degree of accuracy
  • Prepare pro forma (future cost estimates) based on historical, comparative, and projection data
  • Gather expertise around SQL, Oracle, Power BI, and Excel modeling to support ongoing analytics initiatives

Indiana University Health

Hospitals and Health Care

Science & Healthcare
Industry
10,001+
Employees

Mission & Purpose

Indiana University Health is a leading healthcare system dedicated to improving the health and well-being of individuals and communities across Indiana. Committed to providing exceptional patient care, education, and research, IU Health offers a comprehensive range of medical services, including primary care, speciality care, hospitals, and advanced treatments. With a focus on innovation, collaboration, and compassionate care, IU Health aims to empower individuals to live healthier lives while addressing the evolving healthcare needs of the region.

Benefits

  • Market-Competitive Pay and Benefits

    IU Health strives to create an environment where team members feel personally valued, professionally invested and inspired by their work. One way we do this is by providing our team members with a market-competitive pay and benefits package.

  • Flexible Health and Wellness

    Take care of yourself and your family with comprehensive medical, dental and vision plans. IU Health three medical insurance plans to choose from, with IU Health covering a large portion of the cost. Depending on the medical plan, IU Health offers HSA or flexible spending account (FSA) options and contributes to team member HSAs.

  • Emphasis on Work/Life Integration

    Team members have access to a highly flexible paid time off program to support their work/life integration.

  • Saving for Your Future

    Saving for retirement is a crucial part of planning for your financial future. A 401(k) savings plan is available and IU Health provides a contribution match of up to 4 percent, with immediate vesting and the potential for an additional annual contribution by IU Health based on organization performance.

  • Unique Personal and Professional Growth

    IU Health provides a variety of programs to support your personal and professional growth, including a tuition reimbursement program and adoption assistance. As a team member, you may also qualify for a public service loan forgiveness program through the federal government.