Controller

Description

JOB SUMMARY

Under the general direction of the Chief Operations and Financial Officer, this position assists in managing the finance and accounting operations of Effingham Health Systems. The role involves providing financial management and consulting to support the organization’s financial activities. This assistance is aimed at helping the CEO, COO/CFO, executive leaders, and the Board make informed and sound economic decisions regarding the organization's future. Additionally, the position supports the COO/CFO in supervising accounting, finance, and other relevant staff in their daily transactional activities.

STANDARDS OF PERFORMANCE

• Prepares and supervises the monthly financial statements involving the general ledger.
• Supervises the entering, balancing, and posting of the Revenue, AF/GL entries, and Payroll to the General Ledger.
• Coordinates the functions of reimbursement, budget, financial analysis, and general accounting and leads the department monthly reviews (MOR) as scheduled.
• Supervises, coordinates, and calculates accruals and reversals, posts the AP expense distribution to the G/L, and prints/verifies the Trial Balance, Balance Sheet, and Income and Expense reports.
• Participates and prepares proforma analysis on new programs, projects, and partnerships as assigned.
• Makes recommendations to Administration for and assists in the development of new programs and research for special projects.
• Supervises staff, including interviewing staff for opportunities, evaluating performance, training, and providing developmental counseling.
• Assists the CFO with organizing the financial work of the departments, which includes allocating and scheduling work to be performed and recommend position and staffing required.
• Assists CFO and CEO with the preparation of financial reports and updates for meetings (Board, Finance, Strategic Plan, ELT, SLT, and ad-hoc.
• Prepares periodic reports outlining the hospital’s financial position in all areas of assets, liabilities, income and expense, based on past, present, budget, and planned future operations.
• Reviews and modifies cost systems and data collection to assure maximum cost reimbursement for patient services.
• Responsible for the assessment and maintenance of the department performance improvement program.
• Participates and prepares departmental annual operating budget and capital equipment budget; and operates department expenditures within the approved budget.
• Prepares and coordinates the timely filing of federal, state, hospital association, third party, and local economic conditions and consults with the Chief Financial Officer on their impact.
• Reviews financial and accounting policies/procedures and make recommended changes.
• Provides for organization and maintenance of an effective system of accounting and cost determination.
• Establishes and maintains appropriate records and reports.
• Participates in cost impact of personnel policies and programs such as employee benefit additions or changes, and general salary increases.
• Performs cost studies with the provider, conducts audit financial basis for hospital activity, and participates in activities with third parties to expedite payment of long overdue accounts.
• Assists the CFO in monitoring Managed Care Provider contracts and agreements and obtain current information for billing and reimbursement purposes.
• Assists in educating on changes that impact operational activities related to Insurance account receivables, Helping Hands (Charity Care programs) related to the Business Office, and other areas of patient accounts as appropriate.
• Ensures accurate and timely development of actual, budgeted & forecasted revenues by the hospital, care center, practices, joint operating locations, and other sites for short-term and long-term financial plans.
• Review all journal entries for patient account adjustments and revenue recognition in compliance with policies and Generally Accepted Accounting Principles. Provide support to the Business Office staff with weekly status report reviews and lead the implementation of the Cerner Revenue Cycle Management System.
• Serve as the key contact with the Audit and Compliance team during year-end financial audits to explain & validate the accuracy of revenue & AR as recorded in the financial ledgers.
• Will make verbal and written reports to the CFO and CEO as requested, required, or needed on the status of any fiscal program affecting the status quo of the Health System.
  
  

Requirements

Minimum Level of Education: Bachelor’s Degree in Accounting or Finance. Master’s Degree preferred

Formal Training: Management skills with experience in planning, organizing, implementing, facilitating, interviewing, and verbal and written communications.

Licensure, Certification, Registration: CPA Certification and/or related certification highly desirable

Work Experience: Ten or more years of experience in accounting/finance that provides the competency to perform the Controller duties and responsibilities.