Finance Manager

Description

JOB OVERVIEW

The Finance Manager will provide accounting support for high level projects and process improvement. They will be cross trained in all Accounting functions and will have knowledge of accounts payable, accounts receivable, general ledger, payor contracting and revenue cycle . In this role, the individual is responsible for assisting with process improvement projects, documentation of processes and procedures, performing research and analysis, account reconciliations, assisting with audit preparations, insurance policies and performing other duties as assigned.

ESSENTIAL FUNCTIONS

• Lead Monthly financial closing, prepare and input journal entries.
• Perform general account analysis and reconciliations, including bank statements, fixed assets, employer’s benefit costs, accruals, and prepaid expenses.
• Process monthly accruals, amortization of prepaid expenses, fixed assets depreciation, and recording of adjusting and reclassification journal entries. Inform timely and update insurance company of all asset changes.
• Assist with the day-to-day, monthly, and year-end operations of the Finance Department.
• Record fixed assets by creating and supervising a system of procedures, forms, and controls.
• Ability to lead efforts that support external auditors during reviews and audits.
• Develop financial reports such as financial statements, daily cash position reporting and key financial metrics.
• Provide assistance within both costing and financial areas of the Finance department with work on projects to improve systems and procedures.
• Review postings within the G/L for accurate accounts and costs at time of receipt.
• Provides accounting support for review of product margins and costs for existing or new products.
• Protects organizations value by keeping information confidential.
• Maintain accounting controls by preparing and recommending policies and procedures.
• Guides accounting clerical staff by coordinating activities and answering questions.
• Reconciles financial discrepancies by collecting and analyzing account information. Assist with the management of federal, state and local tax requirements, including coordination with tax auditors and government agencies.
• Compile and analyze monthly sales and use tax data.
• Focus on continuous improvement of work with additional attention on reducing and eliminating waste.
• Help develop and implement reimbursement contract programs with managed care plans, commercial and private payors.
• Assist with developing payor strategies, relationships, and payor contracts to drive a clear and effective negotiation strategy, contractual renewal planning process and contract implementation that aligns with organizational goals.
• Works closely with the revenue cycle team to ensure accurate recognition of revenues, allowances and payor reimbursements.
• Assist with ad-hoc questions / projects as needed.

Requirements

PROFESSIONAL REQUIREMENTS

• Regular and prompt attendance
• Thorough knowledge of basic accounting procedures
• In-depth understanding of Generally Accepted Accounting Principles (GAAP)
• Awareness of business trends
• Familiarity with financial accounting statements
• Experience with general ledger functions and the month-end/year-end close process
• Hands-on experience with accounting software packages
• Advanced MS Excel skills including Vlookups and pivot tables
• Accuracy and attention to detail
• Aptitude for numbers and quantitative skills
• Excellent interpersonal skills with the ability to work well with colleagues, vendors, and partners
• High professionalism and strong organizational skills; ability to manage multiple tasks simultaneously

EDUCATION AND EXPERIENCE REQUIREMENTS

• Bachelors Degree with a major in Accounting or related Finance concentration.
• CPA, CMA, or MBA is a plus.
• Minimum 2-3 years experience in public accounting or industry experience
• Cost Accounting Experience a plus.

KNOWLEDGE, SKILLS AND ABILITIES

• Demonstrate a focus on continuous improvement and process excellence
• Strong analytical skills and attention to detail
• Proficient in MS Excel including Pivot tables, v-lookups, etc.
• Working knowledge and understanding of Generally Accepted Accounting Principles
• Experience in a Laboratory or Hospital environment a plus
• Knowledge of Quickbooks or other multi-dimensional database a plus
• Strong written and verbal communication skills
• Ability to maintain confidential information
• Ability to effectively and efficiently meet tight deadlines
• Ability to work well both independently and on a team
• Ability to interact with all levels of the organization
• Ability to think and reason on your own

PHYSICAL REQUIREMENTS

• Work may be performed in a laboratory environment and exposes the incumbent to normal laboratory hazards and chemicals, including biohazard materials
• Work in varying degrees of temperature (heated or air conditioned)
• Position requires sitting, walking, reaching, bending, stooping, and handling objects with hands and/or fingers, talking and/or hearing, and seeing
• Must be able to lift up to 50 lbs.

DIRECT REPORTS

• None