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Financial Reporting Manager, Hybrid

4 months ago

BWI Airport, United States University of Maryland Medical System Full time

Job Description

This is a Hybrid role that will require time onsite in Linthicum on an as needed basis. 

Principal Responsibilities and Tasks

The following statements are intended to describe the general nature and level of work being performed by people assigned to this classification.  They are not to be construed as an exhaustive list of all job duties performed by personnel so classified.

1. Manages and directs the operations of the General Accounting department including employee work scheduling, staffing and other personnel activities; applies hospital policies and procedures as well as federal, state, and local statues or regulations governing general accounting practices to insure accurate and effective service.

Insures that hospital policies and procedures are interpreted and applied correctly.  Develops and implements accounting policies and procedures as necessary to improve area operations.  Provides technical support regarding the implementation of tax regulations, generally accepted accounting principles and financial reporting requirements to the VP, Directors, and Senior Managers of Financial Reporting, to controllers of subsidiaries, affiliates, joint ventures and other members of management.

Supervises the preparation of the financial statements in accordance with UMMS procedures and generally accepted accounting principles.  Reviews and supervises the maintenance of the general ledger of accounts.  Reviews the reconciliation of and interfaces between Accounts Receivable, Accounts Payable, Fixed Assets, and Payroll subsidiary ledgers with the general ledger.

Reviews daily cash analysis preparation; communicates with the bank and with the various UMMS finance departments to record present and project future cash activity.

Assures the accurate and timely preparation of various federal and state tax filings.

Oversees billing and collecting for miscellaneous receivables, assuring accuracy and reimbursement, regarding such items as, salary reimbursements from UMAB, Materials Management activity, campus contract with UMAB and other activity with affiliates.

Co-ordinates the annual external audit and ensures that all information is available and completed on a timely basis.

Maintains and disseminates financial management reports.

2. Manages and directs a staff of CPA’s, accountants and accounting support staff in accordance with departmental and UMMS personnel policies and procedures.

Performs individual performance evaluations and recommends and/or initiates disciplinary actions, as needed.  Establishes clear and concise work procedures and expectations, assessing performance levels by monitoring results and providing positive and constructive feedback.

Assures timely and accurate completion of work by monitoring daily work activities. 

Trains staff on new accounting practices, provides guidance on technical and reporting issues and otherwise promotes staff professional development.

3. Prepares, administers and assists the VP, Directors, and Senior Managers of Financial Reporting with the development of the department operating budget.  Identifies cost saving strategies related to administrative or operating expenses.  Assists in coordinating the reduction of operating expenses while increasing productivity and trying to maintain positive staff morale.

4. Communicates regularly with various finance personnel to ensure optimal efficiency and effectiveness of financial reporting.

5. Keeps abreast of current regulatory (federal, state and TJC) information/guidelines in the finance and healthcare fields as well as new, related UMMS policies. Communicates relevant changes and/or protocol and procedural revisions to staff. Implements appropriate department operational changes to ensure compliance.