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Healthcare Controller - 1155173
Baltimore, MD
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Job Description

 

Controller

Our Client is seeking a controller to join our team. The Controller is responsible for day-to-day accounting functions and accounting related activities of the company. You will recruit, supervise, coach and develop staff and monitor performance. You will ensure all team members have clear goals and objectives.

The Controller is expected to provide advice and assistance to the Executive team to ensure high-quality, ethical, successful, and efficient financial operations across all the company’s operations. This position will report directly to the CFO.

 

Accounting & Reporting

● Ensure monthly and quarterly reporting deadlines are established and adhered to and that each team member's responsibility for the closings is clearly defined so that the department goals are met.

● Set and maintain a monthly departmental calendar. Identify ways to shorten the closing calendar.

● Prepare profitability analysis, explain variations from month to month.

● Prepare payroll reconciliations

● Prepare account reconciliations as needed for monthly closings

● Ensure all balance sheet accounts are properly reconciled each month

● Create month-end reports, including Practice P&L and Departmental P&L

● Monitor and review accounting and related system reports for accuracy and completeness

● Responsible for the system of monthly general and standard journal entries, account reconciliations and comparative reports. Reviews monthly accounts payable coding and accruals. Ensures that all financial transactions are properly recorded.

● Identify and resolve accounting and/or accounting system discrepancies and irregularities.

● Effectively present and discuss company financials with operations, leadership and department heads.

● Ensure all deadlines to CFO and CEO are respected.

● Ensure any new cost centers or general ledger accounts are mapped in the financials correctly

● Prepares external financial statements, and internal financial management reports, analysis and presentations to management. Ensures data integrity of the financial information

● Participate in departmental meetings as necessary

● Other Ad Hoc functions as assigned

 

Budgeting

● Work with the finance team to co-lead the budget process for all annual budgets and re-projections. Summarize budgets for review with CFO

● Liaison with FP&A and departmental managers to obtain, validate, understand and challenge submitted budgets

● Create budget templates and ensure budgets are entered into the appropriate budget templates.

● Prepare practice profitability analysis.

● Complete cost analysis.

● Recommend areas for cost-savings.

● All other Ad Hoc functions.

 

Treasury

● Manage day-to-day treasury functions.

● Prepare the weekly NFP (Net Financial Position) and quarterly cash flow projections.

● Prepare wire transfers and ACH payments.

● Monitor cash balances and transfer funds as necessary.

● Coordinate and resolve various issues with banks and maintain relationships with banking contacts.

● Identify areas for improvements and efficiencies.

● Act as lead on significant process improvements.

 

Revenue Cycle:

● The controller will have the revenue cycle leader as a direct report

● Co-lead the overall strategy and optimization of revenue cycle operations, systems, policies and procedures, charges, claims processing and self-pay collections

● Review of denial issues and trends for maximizing reimbursement

 

Other:

● Coordinate and lead the annual year-end audit review. Develop on-going relationship with Audit Firm to facilitate an effective audit process.

● Coordinate and lead all other audits (401k, Sales/Use Tax, Other).

● Assist CFO as requested on all other business needs.

● Evaluate internal controls. Document policy, procedures and workflows for the Accounting Department and identify areas for process improvement and/or stream-lining.

● Develop trustworthy relationships with colleagues.

● Evaluate computer software/systems and identify areas for improvements. Act as lead on new technology and system roll-outs.

● Ensure all files for the department are maintained within company's standards.

● Ensure credit worthiness of the Company is maintained through a great vendor payment track record.

● Be innovative across all areas and ensure all processes are performed efficiently.

● Monitor team's overtime and ensure work responsibilities are evenly balanced among teams to minimize need for overtime.

● Recommends ways to evaluate revenue generation and revenue cycle management and expense control management, control costs, provides financial analyses to support recommendations, and develops benchmarking tools and financial dashboards to improve performance.

 

Requirements and skills

● Proven work experience as a Healthcare Financial Controller

● Experience as private equity owned controller

● 5+ years of accounting and finance experience

● Accounting or Finance degree

● CPA

● Thorough knowledge of accounting principles and procedures

● Experience with creating financial statements

● Experience with general ledger functions and the month-end/year end close process

● Hand-on experience with accounting software (Oracle Netsuite experience a plus)


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