Manager - Accounting Operations

November 2, 2024

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Boston Medical Center (BMC)

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Boston Medical Center (BMC) is a 511-bed, equity-led academic medical center and a proud member of the Boston Medical Center Health System. BMC delivers a model of healthcare where innovative and equitable care empowers all patients to thrive. As a premier academic medical center in Boston, a national leader in clinical care, and the largest essential hospital in New England, BMC’s world-class clinicians provide comprehensive care in more than 70 specialties and subspecialties.

5001 - 10000 employees

Founded 1996

📋 Description

• Under the general supervision of the Associate Director of Accounting, this position will be responsible for the day-to-day supervision of two Senior Accountants as well as overseeing operations in the General Accounting Department. • Responsible for accurate and timely issuance of monthly internal financial statements and facilitating the completion of the year-end audit. • Manages month-end close, account reconciliations and financial statement preparation. • Follows established policies and procedures to maintain integrity of general ledger and financial reporting. • In conjunction with the Associate Director of Accounting, manage the month-end closing processes to ensure the accurate and timely preparation and issuance of the monthly financial statements. • This includes reviewing and approving of journal entries, keeping track of subsystem close timelines, resolving and/or communicating any issues with closing of subsystems and overseeing various financial data interfaces into the GL system. • Facilitate the completion of year-end audit. • Act as a liaison to related departments it promote the flow of information and oversee the production of the year-end analysis, reconciliations, financial statements and footnotes. • Oversee the year-end close process and implement controls to ensure efficient and timely completion of the year-end audit. • Coordinate workflow within the department to ensure timely and accurate completion of all internal reports, financial statements, external filings and any ad hoc reports. • Prepare monthly consolidated financial statements for Health System entities. • Collaborate with the Financial Information System (FIS) and Treasury departments to establish accounting structures, procedures and financial reporting for new entities that are part of the consolidated financial statements. • Work closely with FIS on any changes or upgrades to General Ledger, as well as necessary system maintenance. • Collaborate with the BMC Health Plan and Boston University Medical Group (BUMG) finance team to streamline intercompany processes and ensure proper accounting of intercompany transactions. • Work with other Finance and other BMC System departments to streamline processes. • Build and maintain relationships with all System-wide departments. • Manage timely reconciliation of all balance sheet accounts. • Review reconciliations prepared by staff and ensure timely resolution of outstanding items and variances. • Review monthly variance analyses prepared by Accounting and follow up with appropriate stakeholders for further explanation of variances, if needed. • Review accounting functions for appropriateness, streamline processes and implement changes to increase ease of workflow. • Standardize and ensure proper documentation of general accounting policies, procedures and controls. • Ensure proper accounting treatment in compliance with current Generally Accepted Accounting Principles (GAAP). • Keep current on all new Accounting Pronouncements. • Responsible for researching accounting guidelines and interpreting rules for accounting questions that arise. • Communicate with Associate Director of Accounting/ Corporate Controller regarding areas of exposure within the Accounting office, as well as other Fiscal Services areas. • Enhance professional knowledge by attending seminars related to healthcare and accounting. • Develop and implement internal controls to ensure the reliability of financial reporting. • Oversee special projects as assigned. • Mentor and provide ongoing guidance and training of staff. • Utilize BMC Health System's Values as the basis for decision-making. • Follow established Hospital’s infection control and safety procedures.

🎯 Requirements

• BA/BS in Accounting or related-degree required. • A Master’s degree or a CPA is preferred. • Healthcare experience and knowledge of Epic EHR preferred • 5 – 10 or more years of managerial experience in an accounting environment, including a non-profit organization with 1 – 2 years in a supervisory role. • Healthcare experience preferred • Leadership ability to guide, direct and mentor staff and work effectively as a team member. • Skills in determining needs, gathering, analyzing and presenting data to provide accurate and timely information for management’s use. • Excellent communication (written and verbal) and interpersonal skills. • Ability to maintain confidentiality. • Must be customer service oriented with a focus on meeting the customer’s needs. • Customers include internal staff and external donors, leaders and business customers. • Achievement oriented – A desire to set challenging objectives for self and others; to find better or more efficient ways to accomplish both routine and special tasks. • Must be a dedicated team player, with a strong focus on mentoring and coaching and a desire for personal and professional growth. • Work requires superior Excel knowledge as well as extensive experience using ERP systems. • Work requires ability to function in a fast-paced environment. • Work requires ability to handle multiple priorities with superior organizational skills. • Must be willing to work additional hours as necessary. • Requires strong analytical skills and a solid working knowledge of US GAAP. • Communication skills will also be critical in conjunction with the analytical skills, as ad-hoc analysis must be developed and refined based on specific management needs. • Work requires a dedicated team player with the willingness and desire to learn and grow within the organization. • Other skills and qualification required are as follows: Proven ability to successfully build relationships and focus on client service. • Must have superior communication skills and the ability to coach and develop a diverse team. • Proven time-management abilities, multitasking with effective priority definition, and demonstrated flexibility with a focus on meeting deadlines. • Demonstrated ability to own processes, to identify issues and opportunities for improvement, and implement such improvements. • Must adhere to all of BMC’s RESPECT behavioral standards.