What are the responsibilities and job description for the Revenue Accounting Manager position at PT Solutions?
The Revenue Accounting Manager will play a pivotal role in managing revenue recognition processes, ensuring compliance with accounting standards, detail review invoices for release to hospital partners and providing guidance and supervision to a team of senior accountants. This position requires a strong understanding of accounting principles, financial reporting, and revenue recognition regulations, such as ASC 606, to effectively oversee the accuracy and timeliness of all revenue-related transactions.
Essential Functions
- Review and perform complex analysis of revenue contracts to determine appropriate accounting treatment.
- Oversees and performs detail review of therapy invoices created by accounting staff.
- Oversees financial reporting for certain revenue streams including trial balances, adjustments and closing entries.
- Analyze and record accounting transactions for Company activity in support of monthly accounting close.
- Collaborates with Finance, RCM, Growth and Operations to ensure timely resolution of revenue accounting related inquiries.
- Assist with customer communication. Manage the Contract Billing mailbox and communications with key stakeholders for invoice generation.
- Assist with revenue accounting process including preparation and review of monthly invoices, accrual entries, reconciliations, and variance analytics.
- Prepare and review journal entries, reconciliations and schedules related to revenue and accounts receivable. Ensure timely and accurate revenue reporting.
- Continually assess and improve revenue accounting process, including automating and streamlining workflows to improve efficiency and accuracy. Ensure all revenue accounting practices comply with Company policies, internal controls, and regulatory standards.
- Mentor and develop accountants, provide ongoing support and guidance for their professional growth.
- Assist with external audits by providing necessary documentation and explaining revenue-related transactions.
- Review invoices for selected outpatient hospital arrangements.
- Review and approve invoices for inpatient hospital arrangements.
- Assist with review of facility cost revenue
- Prepare summary billings for key hospital partners.
- Distribute invoices to customers.
- Prepare month-end invoice reporting.
- Coordinate month-end invoices with Finance team; respond to Finance team revenue questions.
- Assist in ensuring the team meets internal close timeline goals through management of monthly invoice trackers.
- Respond to ad hoc requests for revenue reporting from Company departments.
Required Skills & Abilities
Required Credentials
