Corporate Accounting Leader

4 weeks ago

Glendale, California, United States Los Angeles Cancer Network Full time
Job Description

The Los Angeles Cancer Network is seeking a highly skilled Corporate Controller to lead the Practice's accounting functions. This is a new role that will report directly to the LACN Chief Executive Officer and will be responsible for leading a small team of accounting employees. The Corporate Controller will have significant exposure and daily interactions with our practice leadership and the Finance/Accounting team at OneOncology as well as the OneOncology Chief Financial Officer.

Key Responsibilities
  • Develop strong working and collaborative relationships with practice leadership and OneOncology to both assist with operational accounting and ensure proper accounting processes/financial reporting
  • Oversee and provide leadership to the local accounting team
  • Hiring, training and development of staff in all accounting matters
  • Assist with performance evaluations and recommend merit increases, promotions, and disciplinary actions
  • Participate in professional development activities and maintain professional affiliations
  • Serves as practice lead for annual budgeting and forecasting activities in coordination with OneOncology, to include ongoing variance monitoring and reporting
  • Keeps the OneOncology Accounting team and the LACN CEO informed of the practice's performance and provides insight and advice on all financial matters
  • Leads physician compensation strategy by processing compensation, partner compensation, and supporting variable compensation designs for employed physicians
  • Coordinates with OneOncology Treasury department regarding cash disbursements for payment of practice expenditures in accordance with disbursement and policies
  • Manages and initiates cash movement and bank balances of the practice, the physician partners, and physician partner-owned real estate entities related to the business
  • Serves as a reviewer and/or approver of practice invoices to ensure adequate coding for accounts and cost centers
  • Process timely invoices which follow protocol driven procedures according to patient accruals/visits in order to seek reimbursement from sponsors. Resolve account balance discrepancies
  • Routinely monitors and reconciles trial balance accounts to ensure timely deposit, correct allocation, and distribution of revenue
  • Reviews the study contract budgets, study calendars and posting expenses to clinical trials
  • Helps interpret reports and results of operations to the LACN CEO and to the physician partners. This includes explaining metrics, financial concepts, and other financial accounting elements in a manner that non-financial stakeholders can understand
  • Forecasts short-range and long-range cash requirements and obligations, as a basis for maintaining adequate funds for the practice's physician compensation needs and obligations
  • Provides other constituents (including OneOncology) with related information required by them to carry out their assigned responsibilities
  • Assures protection for the assets of the business through internal control, internal auditing, and ensuring proper insurance coverage
  • Establishes and implements a sound operational and organizational plan in direct support of the practice's operational plan and strategy
  • Monitoring capitated and sub capitated health plans, provide analysis and support to drive appropriate and timely collections and processing of plans, and accurate reporting of outstanding balances owed
  • Monitors inventory levels, ensures proper inventory accounting controls and advises management and OneOncology regarding variances to expectations
  • Recommends and implements techniques to improve productivity, increase efficiencies, cut costs, take advantage of opportunities, and maintain state-of-the-art practices
  • Reviews, analyzes, and provides input on financial modeling of potential practice tuck-ins
  • Manages and applies shareholder distribution formula, payroll and benefits processing
Requirements
  • Bachelor's or Master's degree in Accounting required
  • Active CPA license strongly preferred
  • 10+ years of combined accounting experience with 5+ years of experience in an accounting leadership role
  • Open, honest, transparent management style with ability to openly address shortcomings, but propose solutions to resolve issues
  • Proven ability to build, manage and motivate personnel to create high performing teams
  • Experience in Healthcare Finance is strongly preferred but not required
  • Strong working experience with Excel, database, financial and reporting systems (including Workday)
  • Proven ability to lead change management
  • Experience in achieving high results and optimizing performance within a highly complex, matrix organization
  • Ability to partner and effectively convene teams and gain commitment/support to achieve results that support strategy initiatives and the overarching care delivery and care financing strategy

Salary: $200,000.00 per year

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