JOB SUMMARY
The Controller is a key member of the finance team, and assumes a strategic role in the overall management of The Wright Center system of entities. The Controller will have primary day-to-day responsibility for controlling all financial-related activities of the organization. This position is responsible for accounting, all financial reporting, property and inventory management, due diligence and risk assessments, supporting deal analysis and negotiations, banking and investment relationships, and financings. The successful candidate will analyze, understand and be able to communicate financial position and operating results to all levels of the organization. This position oversees all financial operations, which includes general accounting, financial statement preparation, departmental financial and billing department reporting, regulatory reporting including both reporting under Federal single audit guidelines as well as other compliance reporting in accordance with financing and other regulations, cash management, financial analysis, accounts payable, payroll, pension and investment stewardship and effective execution of internal controls to promote the highest standards of a non-profit corporation and compliance requirements. This position will be responsible for generating and maintaining appropriate and relevant Balanced Scorecard and other Key Performance Indicators to ensure that the metrics accurately reflect organizational performance in the context of budget and operating goals. This position works closely with the AVP of Finance, the senior management team and CEO, the VP of Strategic Initiatives and Grants, AVP of Revenue cycle, the Graduate Medical Education department and clinical leadership in striving for authentic and responsible stewardship of The Wright Center’s financial resources.
Required Skills
JOB DUTIES AND ESSENTIAL FUNCTIONS
- Maintains an effective comprehensive general ledger and reporting structure
- Ensures timely, accurate, monthly, quarterly, and annual financial closing process to meet reporting needs of management, the Board and Organization
- Effectively manages the cash flow position for all corporations, and understands the sources and uses of cash, while maintaining the integrity of all corporate funds in the context of grants, financings and other requirements
- Receives, maintains custody of, and disburses the corporation’s monies with complete integrity
- Maintains, reviews, updates and, if necessary, establishes and enforces all accounting policies and procedures
- Responsible for all monthly, interim and year-end financial reporting requirements including overall organizational and cost center financial performance for and inter-organizational payments between The Wright Center for Graduate Medical Education, The Wright Center Medical Group, Patient Engagement Council, Affinitas Health Innovations, The Wright Center Alliance and the Community Health Hub Corporations, ensuring operating activity is reflected within the appropriate entity
- Oversees the continuous improvement of accounting and financial processes and the development of the Finance Department team with the goal of achieving best practices, process improvement and optimal output
- Maintains Finance Department documented policies and procedures which demonstrate appropriate internal controls and compliance with regulatory requirements including HRSA, financing and Governmental Accounting and Compliance
- Improves and optimizes functionality of financial management software ensuring maximum productivity and ensuring the needs of the organization are met today and are responsive to future growth and expansion
- Lead the Finance Department’s Balanced Scorecard and Key Performance Indicators metrics reporting and collaborates with the AVP of Finance to ensure monitoring to budget and analysis of results
- Works collaboratively with the AVP Revenue Cycle to ensure the appropriate information is maintained and reconciled to the general ledger to record, measure, value and report on patient service revenue, receivables and related collections and allowances
- Ensures graduate medical education accounting is linked to operational performance by working collaboratively with graduate medical education staff and the GME finance lead
- Implements and maintains accounting records and financial reporting in accordance with generally accepted accounting principles (GAAP) and Governmental Accounting Standards. This position is responsible for researching appropriate accounting for new transactions, as well as implementation and proposing of emerging accounting and reporting guidance, demonstrating effective writing skills in defensible accounting positions
- Reviews and provides financial expertise in all grant related accounting, working closely with the AVP Finance, VP of Grants and Strategic Initiatives, the grant accountant and Human Resources to ensure sustainability of grant related initiatives and compliance with federal, state and other funding source reporting requirements
- Provide financial stewardship oversight of the pension plan and assist routine pension audits with the VP of Human Resources
- Oversee reliable, transparent and tightly controlled AP operations
- Oversee and coordinate the external audit to ensure the highest standards of regulatory compliance and internal controls, as well as an efficient, cost effective audit process
- Oversee the cash management function, including banking relationships
- Manage the payroll function ensuring efficient systems, process and proper controls. Ensures biweekly payroll is accurate and timely. In addition prepares or supervises preparation of accurate payroll tax returns and payroll accounting
- Manages the purchasing function, ensuring operations and processes are in place to comply and enforce the purchasing policy and optimize pricing through appropriate bidding and national and state group purchasing memberships
- Co-lead the FTE validation and reconciliation process between monthly grant related and annual organizational wide employee reporting as well as annual time tracking studies with the VPs of HR and Grants
- Provide financial support and leadership to the VP HR for routine and special external Compensation analysis
- Analyze, from a financial perspective, any contracts into which the organization may enter determine appropriate accounting
- Perform other duties as assigned
Required Experience
QUALIFICATIONS
- Bachelors of Science in Accounting or related degree required
- Masters degree or CPA required, prior public accounting experience preferred
- 3+ years’ experience in a financial leadership position required, healthcare and not-for-profit entities experience preferred
- Experience in New Market Tax Financing programs and Federally Qualified Health Centers or Look-Alikes is preferred
- Experience in financial leadership in graduate medical education is preferred
- Experience in developing and issuing monthly and annual financial statements that are audit-ready, required
- Demonstrated ability to establish work priorities, delegate assignments as appropriate and follow through to ensure completion of activities
- Strong knowledge of GAAP, Governmental Accounting standards and healthcare reimbursement
- Experience supervising accounting, administrative and support personnel
- Experience and knowledge of payroll and payroll tax return preparation
- Exceptional analytical and financial analysis skills with a passion for details and “digging in”
- Strong computer aptitude and proficiency, including expert Excel skills; proficiency in other MS Office applications is a must – Word, PowerPoint – along with the Google platform of applications
- Able to manage multiple projects simultaneously with superior attention to detail
- Experience in managing and maintenance of financial accounting software
- Solid communication skills with ability to present analysis and findings in both verbal and written format to all levels of management including board of directors