Financial Controller

A dental practice financial controller is responsible for overseeing all financial aspects of a dental practice, including managing accounting operations, preparing financial statements, analyzing financial data, budgeting, ensuring compliance with regulations, and providing strategic financial insights to the practice owner to optimize profitability and make informed business decisions. They are also responsible for holding Office Managers accountable for daily, weekly, and monthly goals; essentially acting as the "chief financial officer" for the dental practice.

Key Responsibilities:

• Financial Reporting:
• Prepare and analyze monthly, quarterly, and annual financial statements including income statements, balance sheets, and cash flow statements.
• Monitor key financial metrics and identify trends impacting practice profitability.
• Generate reports for practice owners and management highlighting financial performance and areas for improvement.
• Budgeting and Forecasting:
• Develop and manage the annual operating budget for the dental practice.
• Create financial forecasts to anticipate future revenue and expenses.
• Track variances from the budget and identify areas for cost control.
• Account Receivable Management:
• Monitor outstanding patient balances and implement strategies to improve collection rates.
• Oversee billing processes and ensure accurate coding for insurance claims
• Account Payable Management:
• Review and approve vendor invoices to ensure accuracy and compliance.
• Manage cash flow by optimizing payment schedules.
• Compliance and Regulatory:
• Ensure adherence to all relevant healthcare regulations and tax laws.
• Coordinate with external auditors for annual financial audits
• Operational Efficiency:
• Analyze practice operations to identify potential cost-saving opportunities.
• Implement systems and procedures to streamline financial processes and ensure they are being followed.
• Strategic Planning:
• Collaborate with the practice owner to develop strategic financial plans for growth and expansion
• Provide financial analysis to support decision-making regarding new services, equipment purchases, and practice acquisitions

Required Skills and Qualifications:

• Bachelor’s degree in accounting or finance
• Certified Public Accountant (CPA) license preferred
• Experience in healthcare accounting and billing practices
• Strong analytical skills and ability to interpret financial data
• Proficiency in accounting software and financial management systems
• Excellent communication and interpersonal skills to collaborate with dental staff and practice owners

Job Type: Full-time

Pay: From $60,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off

Schedule:

• Monday to Friday

Supplemental Pay:

• Bonus opportunities

Ability to Commute:

• Scranton, PA 18503 (Preferred)

Ability to Relocate:

• Scranton, PA 18503: Relocate before starting work (Required)

Work Location: In person

Salary : $60,000