Senior Financial Reporting Manager

1 week ago

Linthicum Heights, Maryland, United States University of Maryland Medical System Full time
Job Summary

This is a senior-level position responsible for managing the Financial Reporting department at the University of Maryland Medical System. The ideal candidate will have a strong background in accounting and financial reporting, with experience in supervising and directing a team of professionals.

Key Responsibilities
  • Manage and direct the operations of the Financial Reporting department, including employee work scheduling, staffing, and other personnel activities.
  • Ensure that University of Maryland Medical System policies and procedures are interpreted and applied correctly, and develop and implement accounting policies and procedures as necessary to improve area operations.
  • Supervise the preparation of financial statements and/or analytics of key financial indicators in accordance with University of Maryland Medical System procedures and generally accepted accounting principles.
  • Review and supervise the maintenance of the general ledger chart of accounts, and review the reconciliation of and interfaces between Accounts Receivable, Accounts Payable, Fixed Assets, and Payroll subsidiary ledgers with the general ledger.
  • Assure the accurate and timely preparation of various federal and state tax filings.
  • Coordinate the annual external audit and ensure that all information is available and completed on a timely basis.
  • Maintain and disseminate financial management reports.
  • Manage and direct a staff of CPAs, accountants, and accounting support staff in accordance with departmental and University of Maryland Medical System personnel policies and procedures.
  • Perform individual performance evaluations and recommend and/or initiate disciplinary actions, as needed.
  • Establish clear and concise work procedures and expectations, assessing performance levels by monitoring results and providing positive and constructive feedback.
  • Assure timely and accurate completion of work by monitoring daily work activities.
  • Train staff on new accounting practices, provide guidance on technical and reporting issues, and otherwise promote staff professional development.
  • Prepare, administer, and assist upper management of Financial Reporting with the development of the department operating budget.
  • Identify cost-saving strategies related to administrative or operating expenses, and assist in coordinating the reduction of operating expenses while increasing productivity and trying to maintain positive staff morale.
  • Communicate regularly with various finance personnel to ensure optimal efficiency and effectiveness of financial reporting.
  • Keep abreast of current regulatory (federal, state, and TJC) information/guidelines in the finance and healthcare fields, as well as new, related University of Maryland Medical System policies.
Qualifications
  • Bachelor's Degree from an accredited college or university in Accounting or Finance or equivalent is required.
  • CPA is required within two years of obtaining the position.
  • Six (6) year(s) progressively responsible professional accounting experience, or equivalent, is required.
  • Four years of supervisory/management experience is required.
Knowledge, Skills, and Abilities
  • Knowledge of state and federal tax laws and regulations is required.
  • Demonstrated knowledge of general accounting principles is required.
  • Proficiency in preparing and analyzing financial data and implementing changes to contain costs for budgetary purposes.
  • Proficiency in performing highly complex mathematical calculations is required.
  • Demonstrated knowledge of Microsoft Office Suite, including Excel, Word, and PowerPoint, used in the analysis of financial data is required.
  • General knowledge of account-related information systems is required.
  • Ability to use Microsoft Outlook e-mail/Calendar functionality.
  • Proficient knowledge of supervising, monitoring daily work activities, evaluating, training, and motivating performance of subordinate technical, professional, and clerical support staff.
  • Proficient organization and problem-solving skills are required to develop/implement efficient work processes and to successfully resolve difficult, conflict-oriented situations.
  • Effective time management is required.
  • Ability to work effectively in a stressful work environment and meet deadlines.
  • Accountability for areas of direct responsibility is required.
  • Ability to handle confidential issues with integrity and discretion.
  • Highly effective verbal and written communication skills are necessary.

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