Director of Accounting

Job Summary:

This role focuses on performing a variety of financial activities, including accounting, financial analysis, audit, tax, and collections, while ensuring compliance with regulatory standards. In addition, this role focuses on performing the following Accounting related duties: Account Reconciliation, budgeting, preparing financial reports, data entry, and maintaining the general ledger. A management role that supervises employees focusing on tactical, operational activities within a specified area, with most time spent overseeing area of responsibility, planning, prioritizing and/or directing the responsibilities of employees. Goal achievement is typically accomplished through performance of direct and/or indirect reports. A role that manages experienced professionals who exercise latitude and independence in assignments. Responsibilities typically include policy and strategy implementation for short-term results (1 year or less), problems faced are difficult to moderately complex, and influences others outside of own job area regarding policies, practices and procedures.

This position provides financial leadership and direction to all aspects of the financial cycle to ensure optimal performance in collection and analysis of financial data and is responsible for timely, effective financial reporting. Assists in the organization and oversight of the annual audit; monthly consolidated financial statements, month end closing and financial review; and be responsible for establishing, monitoring, communicating and maintaining internal controls. Also assists in cash flow monitoring, variance reporting, and financial analyses as required. Compliance functions include monitoring compliance with all financial reporting standards, initiating policy revisions when required, maintaining and updating internal procedures as necessary. System administration functions include the on-going operational and informational integrity of the general ledger as well as other applications, reports, and databases. Duties also include monitoring resolution of policy issues and acting as liaison with both internal and external stakeholders.

Major Responsibilities:

The duties and responsibilities listed below are intended to describe the general nature of work and are not intended to be an all-inclusive list. Other duties and responsibilities may be assigned.

1. Assists in the preparation of annual financial statements (including footnotes), monthly financial statements, including variance analysis, and balance sheet review.

2. Reviews financial statements and trial balances monthly to identify unusual items, variances or trends, which impact the consolidated results.

3. Ensures the accurate completion of account reconciliations and manages the resolution of un-reconciled accounts.

4. Assists in research on technical accounting issues with staff and external auditors as required to comply with US GAAP.

5. Assists with the audits at year-end and other related audit activities.

6. Remains up to date with regulatory, third-party, and contractual changes affecting the organization's accounting practices ensuring compliance.

7. Implements and manages third-party vendor relationships as necessary.

8. Develops, implements and directs various quality initiatives to ensure continuous monitoring and improvements within the accounting process. This includes managing an overall departmental operating/capital budget(s) within pre-determined limits to ensure operational efficiencies and obtaining pre-determined performance targets.

9. Develops a structure for innovation and establish cross-departmental collaborations.

10. Models leadership behaviors and lead as a unified team to drive organizational alignment.

11. Directs the strategy, goals and objectives of the department to align with the organization's business plan.

12. Partners with key stakeholders to interpret trends in Key Performance Metrics which will guide management decisions for achieving the periodic financial goals and the overall financial performance of the enterprise.

13. Ensures that appropriate controls exist throughout the enterprise to create accountability and effective management of the organization accounting practices.

14. Manages and develops a results-oriented team. Continuously assesses and develops an organizational structure that ensures high performance and achievement of goals.

15. Facilitates the communication, coordination, and implementation of any enterprise business process or information system that has been impacted by regulatory, industry, third party payers, federal, or state requirement.

16. Advocates for the desired culture in high-level planning and decision making, with a focus on performance accountability and achieving greater operational efficiencies.

17. Develops, leads and manages a diverse team ensuring that succession and development plans are in place to achieve the company's goals.

18. Acts as a key participant in the strategic and long-range planning of the organization. Integrate long range plans with operational plans and capital priorities.

19. Analyzes operations to evaluate performance of the team in meeting objectives or to determine areas of potential cost reduction, program improvement, or policy changes.

20. Coordinates the completion and submission of required federal and state reporting requirements.

21. In partnership with the Chief Financial Officer, maintains a current accounting policy manual. Provides guidance and recommendations for the establishment of internal policies regarding both economic and compliance issues, and implements new fiscal policies as required.

22. Provides effective direction, guidance, and leadership over the accounting staff for effective teamwork and motivation.

23. Develops, leads, and manages a diverse team ensuring that succession and development plans are in place to achieve the company's goals.

24. Maintains position descriptions, responsibilities and standards of performance for department employees. Provides input on performance and salary reviews on an annual basis.

25. Ensures that all departments meet service level agreements (SLA), quality standards, and performance goals based on the development and monitoring of cost and process metrics.

26. Proposes enhancements to operational processes to improve efficiency and/or effectiveness.

Requirements

Professional Requirements:

Education:

Bachelor's degree in Business, Accounting, Finance, or related field preferred

Work Experience:

Five (5) years of progressive management experience responsibility in a health care business setting and at least three (3) years in a related leadership role preferred.

Two (2) years of experience in healthcare accounting preferred.

Licenses & Certifications:

Certified Public Accountant (CPA) preferred

Skills, Knowledge, and Abilities:

1. Effective analytical ability to develop and analyze operations, recommend solutions to and solve complex problems and issues, including ability to propose enhancements to operational processes to improve efficiency and/or effectiveness of all internal accounting and compliance controls.

2. Effective analytical thinking and ability to gather, understand, integrate, and synthesize complex information to develop solutions, make recommendations, or propose action plans, excellent problem-solving skills.

3. Outstanding attention to detail, strong organizational skills, and the ability to anticipate programmatic needs.

4. Comfortable with ambiguity-works to resolve open questions, can define a process to resolve ambiguity, is comfortable that the plan may change.

5. Current knowledge and understanding of regulations, industry trends, current best practices, new developments, and applicable laws to ensure operational and financial effectiveness.

6. Ability to partner to ensure regulatory compliance for all areas of responsibility.

7. Ability to successfully work collaboratively and build relationships with key stakeholders; Interacts in a highly professional manner with an ability to maintain sensitivity, confidentiality, and tactfulness.

8. Strong facilitation and presentation skills with the ability to effectively communicate, both written and verbal, with individuals from a variety of backgrounds, disciplines and levels of expertise. Consistently demonstrates a communication style that is open and fosters trust, credibility and understanding.

9. Strong computer skills, including proficiency with Microsoft 365 applications, Meditech and Multiview preferred.

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