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Principal Accounting Specialist
2 months ago
Under the supervision of the Finance Director, the Senior Accountant plays a crucial role in the preparation, examination, and interpretation of monthly and yearly financial reports for various facilities, ensuring compliance with Generally Accepted Accounting Principles (GAAP). This position also involves conducting analyses of revenue, expenses, and full-time equivalent (FTE) budget variances. Key responsibilities include maintaining precise and timely reconciliations of general ledger accounts, daily cash flow reporting, preparation of audit documentation, and oversight of all capital lease and debt responsibilities. The Senior Accountant is also tasked with recording journal entries and managing fixed assets. Collaboration with both internal and external auditors is essential to provide all necessary documentation. Additionally, this role assists in the development of annual operating and capital budgets, tax return preparations, financial surveys, and other reporting obligations. The Senior Accountant serves as a liaison with department heads to ensure that finance-related matters are addressed promptly. Furthermore, this position offers guidance and supervision to Staff Accountants, including the review and approval of journal entries, work papers, and other financial analyses.
KEY RESPONSIBILITIES
- Oversee the preparation, review, and analysis of multiple monthly and annual financial statements, participating in month-end financial close review meetings as scheduled by the Finance Director and Senior Management.
- Ensure the maintenance and integrity of all general ledger accounts, including Joint Ventures when applicable.
- Supervise daily operations and approve all work papers completed by Staff Accountants.
- Maintain accurate and timely general ledger and balance sheet audit worksheets for review by the Finance Director, including booking monthly journal entries, both recurring and non-routine.
- Assist the Finance Director in coordinating various functions within the Accounting Department.
- Responsible for internal and external reporting, including financial surveys, IRS forms, cash receipts assessments, and more.
- Support the preparation of annual budgets and Indirect Cost Rate (ICR) reporting as necessary.
- Compile supporting schedules for annual tax returns and ensure timely compliance and filing.
- Act as a liaison with external audit firms, providing all requested documentation for various audits.
- Analyze monthly variances in expenses and FTE budgets.
- Monitor capital leases and debt obligations, reconciling related long-term and short-term liability accounts.
- Prepare and update schedules for Property, Plant, and Equipment acquisitions and disposals, including estimated depreciation calculations on a monthly basis.
- Maintain effective communication with hospital departments to ensure timely resolution of finance-related issues, escalating unresolved matters to management as needed.
- Manage facility financial information systems.
- Recommend and develop processes to enhance financial operations.
- Conduct annual filing of unclaimed funds submissions and research for unclaimed funds due throughout the fiscal year.
- Reconcile daily cash receipts and disbursements, ensuring verification against the General Ledger and bank support.
- Prepare weekly cash disbursement reports for cash management.
- Perform additional duties as assigned.
EXPERIENCE
- Strong accounting background with prior experience in a healthcare environment preferred.
- Bachelor's degree in Accounting is preferred.
- Proficient in Microsoft Excel, Access, and Outlook.
- Excellent financial analysis skills; ability to prioritize tasks and manage multiple responsibilities; strong organizational and communication skills.