Accounting Manager
The Accounting Manager is responsible for all finance and accounting areas and functions including but not limited to financial reporting, general ledger management, physician compensation, quarterly tax payments, audit preparation, payroll, accounts payable, analytics, and all other accounting and financial tasks as assigned by the CFO. This position will be responsible for developing and maintaining accounting principles, practices and procedures to ensure that complete and timely information is presented to the Board, Administration, and the Physicians. This position must function accurately within tight deadlines and must be able to simultaneously coordinate several accounting, financial, and reporting activities.
- Obtains and maintains a thorough understanding of the financial reporting and general ledger structure, providing recommendations to improve efficiency as appropriate.
- Ensures an accurate and timely monthly, quarterly and year end close. This process includes, but is not limited to, posting and reconciling AP and AR transactions, reconciling all bank accounts, reconciling patient collections, maintaining fixed assets and depreciation allocations, timely funding of payroll liability accounts, and reconciling other miscellaneous ledger accounts.
- In conjunction with month end processes, calculate physician compensation in an accurate and timely manner and fund according to established guidelines and schedules.
- Manage and oversee the bi-weekly payroll processing for employees ensuring that the Accounting staff submits, funds, and reports payroll in an accurate and timely manner.
- Manage and oversee the Accounts Payable process ensuring that the Accounting staff properly receives and codes invoices and funds payments to vendors in a timely manner.
- Manages equipment lease accounts, ensuring timely payments and analysis of invoices.
- Ensures the timely reporting and submission of all monthly financial information.
- Prepares monthly sales tax returns.
- Processes patient refunds and analyzes and reconciles to the report provided by the Business Office Supervisor.
10. Ensures the timely reporting and funding of 401k accounts for both employees and physicians.
11. Manages and ensures accurate set-up of self-directed retirement accounts for qualifying employees and physicians.
12. Maintains accruals for profit sharing calculations and distributions.
13. Prepares annual census reporting, ensuring accuracy by reconciling items with the annual W3.
14. Prepares quarterly payroll tax reports and reconciles ledger accounts.
15. Prepares annual W3 and W2 forms. Maintains knowledge of current regulations for accurate reporting.
16. Prepares annual property tax reports.
17. Prepares and distributes monthly, quarterly, and annual financial reports and dashboard reporting for physicians.
18. Analyzes expenses and ratios providing the CFO and CEO with expense management analysis and recommendations for cost savings.
19. Calculates hospital call pay allocations and distributes to participating physicians on a quarterly basis.
20. Prepares and submits monthly invoices to hospitals and the State for call pay duties and coverage of residents and manages receipt of this AR.
21. Assists CFO and CEO with accounting and financial functions related to BROC’s other entities.
22. Assists CFO and CEO with strategic planning initiatives and prepares financial analysis to evaluate strategic opportunities.
Education and Experience:
- Bachelor’s degree in business with an emphasis in Accounting or Finance
- Strong verbal and written communication and organizational skills required.
- Must be PC proficient and have strong experience with Microsoft Excel, Outlook, and Word. Database experience is preferred.
- Minimum of five (5) years of experience in financial management, reporting, and general ledger oversight.
- Minimum of three (3) years of experience in healthcare related field or public accounting desired.
- Experience with corporate accounting systems (Sage Intact), payroll processing systems (Netchex preferred), practice management systems (EPIC preferred).
- Demonstrated ability to multi-task and prioritize functions, accurately perform under pressure, and consistently meet required deadlines.