Director of Financial Reporting
Galveston, Texas, United States
Executive - Business Professional
UTMB Health
Requisition # 2504451
Summary The Director of Financial Reporting is responsible for the timely development and production of required financial, management, and other Health System-specific reporting. This position requires significant coordination with Government Reimbursement, Decision Support, Academic Enterprise Finance, Financial Accounting and Reporting, Institutional Support, and other areas of the Institution as well as working with AVP, Financial Reporting - Health System, to ensure that reporting needs are being identified and met.
Scope Institution-wide
Responsibilities
Supports and assists AVP, Financial Reporting – Health System in ensuring department work is completed accurately, timely, and in compliance with appropriate accounting and regulatory guidelines and requirements, and assists with ad hoc projects
Lead, review, and provide guidance to the staff related to internal and external reporting requirements, including AFR (Annual Financial Report), audit schedules, surveys, budget and forecasting projects, UTMB HealthCare Systems and subsidiaries insurance and tax filings, and other required reports
Learn and understand the calculation and determination of system-wide reserves related to patient AR for Hospitals & Clinics and Academic Enterprise
Ensure that the Kodiak Revenue Cycle Analytics tool is properly managed and maintained, and understand data flow and interfaces with Epic, Peoplesoft, EPSI, and other systems
Provide oversight for the review of reserve calculations, trend reports, variance analysis, and other reporting related to patient AR and net patient care revenue as it impacts both the balance sheet and income statement, including statistical data, historical trends, current trends, and to recognize anomalies and adjust reserves appropriately
Lead the review and develop concise, relevant communication of financial results, including variance explanations related to volume and other items for both revenue and expenses
Lead the team in supporting the annual operating budget, cash forecast, and related projects
Collaborate with other areas to learn and utilize available system resources
Understand the interrelationship between other Institution processes and the impact on financial results, including procurement, inventory, revenue cycle billing, and other areas
Research and resolve issues efficiently and timely, meet requested deadlines
Ensure that managers are proactively planning the use of resources allowing sufficient review time as well as providing any training, information that may be needed
Leads recruitment, hiring, orientation, training, supervision, evaluation, disciplinary action and/or termination process, as needed, within department
Lead our managers and staff to provide the highest quality services to customers including hospital departments and all finance areas of the Institution as it relates to the Health System, which includes training, research, and analysis
Work with managers to ensure financial reporting record retention is in compliance with the UTMB records retention policy
Update and maintain departmental policies and procedures, identifying appropriate internal controls for department and providing mechanisms to monitor and enforce compliance
Stay abreast of new accounting developments and pronouncements and research certain accounting matters as needed or requested
Performs related duties as assigned
Minimum Qualifications
Bachelor's degree in Accounting, Finance or related field plus ten (10) years of relevant experience in financial reporting with increasing responsibilities to include three (3) years of supervisory experience
Preferred Qualifications
Master's degree in Accounting or related field
Certified Public Accountant (CPA)
Five (5) years of leadership experience at the director level in a healthcare or academic medical center environment
Knowledge, Skills & Abilities
Knowledge of generally accepted accounting principles, cost accounting, government accounting, and statutory accounting
Ability to apply critical thinking skills to comprehensively review data and reports ensuring that financial reporting is accurate
Strong understanding of financial statements, interrelationships of data to efficiently solve complex problems, detail oriented
Must be able to utilize PeopleSoft, and other information technology tools adopted by UTMB for the preparation of all financial reports
Requires a strong working knowledge of the technical aspects of reporting and analytic tools including Microsoft Power Bi, Excel SmartView, Epic cube, Kodiak Revenue Cycle Analytics
Must possess strong oral and written communication skills along with the ability to communicate with all levels of the organization
Ability to direct and guide staff to appropriately and efficiently complete tasks timely
Strong organizational and planning skills with the ability to manage multiple projects
Must be proactive and a self-starter seeking opportunities for learning and implementing improvements
Must be able to work effectively with many teams and departments across the Institution
Equal Employment Opportunity UTMB Health strives to provide equal opportunity employment without regard to race, color, religion, age, national origin, sex, gender, sexual orientation, gender identity/expression, genetic information, disability, veteran status, or any other basis protected by institutional policy or by federal, state or local laws unless such distinction is required by law. As a Federal Contractor, UTMB Health takes affirmative action to hire and advance protected veterans and individuals with disabilities.
Compensation
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Galveston, Texas, United States
Executive - Business Professional
UTMB Health
Requisition # 2504451
Summary The Director of Financial Reporting is responsible for the timely development and production of required financial, management, and other Health System-specific reporting. This position requires significant coordination with Government Reimbursement, Decision Support, Academic Enterprise Finance, Financial Accounting and Reporting, Institutional Support, and other areas of the Institution as well as working with AVP, Financial Reporting - Health System, to ensure that reporting needs are being identified and met.
Scope Institution-wide
Responsibilities
Supports and assists AVP, Financial Reporting – Health System in ensuring department work is completed accurately, timely, and in compliance with appropriate accounting and regulatory guidelines and requirements, and assists with ad hoc projects
Lead, review, and provide guidance to the staff related to internal and external reporting requirements, including AFR (Annual Financial Report), audit schedules, surveys, budget and forecasting projects, UTMB HealthCare Systems and subsidiaries insurance and tax filings, and other required reports
Learn and understand the calculation and determination of system-wide reserves related to patient AR for Hospitals & Clinics and Academic Enterprise
Ensure that the Kodiak Revenue Cycle Analytics tool is properly managed and maintained, and understand data flow and interfaces with Epic, Peoplesoft, EPSI, and other systems
Provide oversight for the review of reserve calculations, trend reports, variance analysis, and other reporting related to patient AR and net patient care revenue as it impacts both the balance sheet and income statement, including statistical data, historical trends, current trends, and to recognize anomalies and adjust reserves appropriately
Lead the review and develop concise, relevant communication of financial results, including variance explanations related to volume and other items for both revenue and expenses
Lead the team in supporting the annual operating budget, cash forecast, and related projects
Collaborate with other areas to learn and utilize available system resources
Understand the interrelationship between other Institution processes and the impact on financial results, including procurement, inventory, revenue cycle billing, and other areas
Research and resolve issues efficiently and timely, meet requested deadlines
Ensure that managers are proactively planning the use of resources allowing sufficient review time as well as providing any training, information that may be needed
Leads recruitment, hiring, orientation, training, supervision, evaluation, disciplinary action and/or termination process, as needed, within department
Lead our managers and staff to provide the highest quality services to customers including hospital departments and all finance areas of the Institution as it relates to the Health System, which includes training, research, and analysis
Work with managers to ensure financial reporting record retention is in compliance with the UTMB records retention policy
Update and maintain departmental policies and procedures, identifying appropriate internal controls for department and providing mechanisms to monitor and enforce compliance
Stay abreast of new accounting developments and pronouncements and research certain accounting matters as needed or requested
Performs related duties as assigned
Minimum Qualifications
Bachelor's degree in Accounting, Finance or related field plus ten (10) years of relevant experience in financial reporting with increasing responsibilities to include three (3) years of supervisory experience
Preferred Qualifications
Master's degree in Accounting or related field
Certified Public Accountant (CPA)
Five (5) years of leadership experience at the director level in a healthcare or academic medical center environment
Knowledge, Skills & Abilities
Knowledge of generally accepted accounting principles, cost accounting, government accounting, and statutory accounting
Ability to apply critical thinking skills to comprehensively review data and reports ensuring that financial reporting is accurate
Strong understanding of financial statements, interrelationships of data to efficiently solve complex problems, detail oriented
Must be able to utilize PeopleSoft, and other information technology tools adopted by UTMB for the preparation of all financial reports
Requires a strong working knowledge of the technical aspects of reporting and analytic tools including Microsoft Power Bi, Excel SmartView, Epic cube, Kodiak Revenue Cycle Analytics
Must possess strong oral and written communication skills along with the ability to communicate with all levels of the organization
Ability to direct and guide staff to appropriately and efficiently complete tasks timely
Strong organizational and planning skills with the ability to manage multiple projects
Must be proactive and a self-starter seeking opportunities for learning and implementing improvements
Must be able to work effectively with many teams and departments across the Institution
Equal Employment Opportunity UTMB Health strives to provide equal opportunity employment without regard to race, color, religion, age, national origin, sex, gender, sexual orientation, gender identity/expression, genetic information, disability, veteran status, or any other basis protected by institutional policy or by federal, state or local laws unless such distinction is required by law. As a Federal Contractor, UTMB Health takes affirmative action to hire and advance protected veterans and individuals with disabilities.
Compensation
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