What are the responsibilities and job description for the Director, Accounting position at Wellvana?
Description
The Why Behind Wellvana:
The healthcare system isn’t designed for health. We’re designed to change that.
We’re Wellvana, and we help doctors deliver life-changing healthcare.
Through our high-touch approach to value-based care, we're moving beyond fee-for-service and helping tie the healthy outcomes of patients directly to healthier profitability for providers and health systems.
Providers in our curated network keep their independence, reduce their administrative headaches, and spend more time with patients. Patients, in turn, get an elevated experience with coordinated care that is nothing short of life changing.
Named a Best Place to Work by Nashville Business Journal and featured in Insider’s 33 startups “investors expect to take off in 2023,” we’re one of the fastest-growing companies in America because what we do works.
This is the way medicine is meant to be.
Clarity on the Role:
Wellvana is looking for a Director of Accounting to lead general ledger accounting, treasury / accounts payable, and the financial reporting process. The Director of Accounting will report to the VP, Accounting & Controller, and will focus on the monthly accounting process, preparing financial statements, and developing internal controls.
What's Expected:
- General Ledger Accounting and financial reporting
- Lead the monthly accounting close cycle through the financial review process. Execute a reduction plan for number of days in the close cycle
- Manage accounts payable process from invoice receipt thru payment cycle
- Preparation of financial statements and workbook for executive leadership team including footnotes, MD&A, and disclosures
- Drive improvements in weekly treasury planning / cash forecasts
- Comprehensive involvement with outside auditors for all aspects of the annual audit
- Improve Mineral Tree procure to pay system to provide improved business spend management
- Assist with external tax team requests and annual filings
- Develop and execute SOX controls along with internal controls over financial reporting
- Research and implement new accounting standards and other financial reporting guidance
- Build accounting process narratives and control matrix
- Review monthly balance sheet account reconciliations
- Valuation testing for goodwill / intangible impairments, long-lived asset impairments, share-based award valuation, and business acquisitions / divestitures
- Lead the annual audit engagement with outside auditors
- Stay informed about changes in accounting regulations and industry best practices
- Review payor contracts and translate to revenue accruals on a monthly basis – determine partial risk versus full risks practice changes and track the economics
- Communicate complex financial information to non-financial stakeholders
- Own and automate the weekly practice payments process for physician compensation
- Focus on process improvements and automation opportunities
- Hire, train, and develop the accounting team with scheduled touchpoints, listening sessions, goal reviews and career guidance planning
Requirements
- Integrity: The right way is the only way.
- Dependability: You do what you say you’re going to do.
- Advocacy: You fight for the best possible outcome for providers and their patients.
- Clarity: You make it all understandable.
- Bachelor’s degree
- CPA preferred
- Big 4 experience preferred
- Healthcare experience preferred
- Expert in Microsoft Excel
- Ability to effectively communicate with various levels of staff
- Strong interpersonal and relationship building skills to support collaboration at all levels of the organization
- Excellent written, verbal, and presentation skills
