Req#: R12021
Category(s): Finance, Finance Other
Full Time / Part Time: Full-Time
Shift: First

Summary:

Responsible for the financial reporting for the health system on an individual company level and on a consolidated basis as well as the financial accounting and reporting for the Baystate Health Retirement plans.The Director serves as the lead financial and operational contact for the captive insurance company (Baystate Health Insurance Company, Ltd.). The Director reports to the Vice President, Support Services.

Job Responsibilities:

1) Financial Support Liaisons:

Serve as support liaison between Health System operating entities, divisions, product lines, other finance departments, management, and external customers to ensure prompt resolution of issues, accuracy of financial information and timely reporting.

Represent Finance on internal and external committees, task forces and in management meetings.

Perform monthly financial reporting variance analysis.

Provide customer service by researching issues, offering financial expertise, and providing guidance for new accounting pronouncements and proper accounting treatment for new relationships such as affiliations and joint ventures.

2)General Ledger

Responsible for the policy development and implementation related to modifications to the general ledger structure.  Maintenance of the common chart of accounts.

Knowledge and accountability for the maintenance and establishment of new/existing cost centers.

Ability to program minor changes to the system for ad-hoc reporting and analysis.

Reconcile accounts, general ledger interfaces and bank statements.

Research, process, and reconcile inter company transactions.

3) Audit Compliance

Maintain effectiveness, efficiency, accuracy, and integrity of all financial records and ensure compliance with all federal, state and internal regulations and policies.

Work with BH IT personnel and outside vendors to monitor system performance, make recommendations regarding service expectations, and coordinate testing/scheduling of software upgrades and various enhancements.

Maintain technical proficiency of operating information systems and other related software/hardware as well as a thorough working knowledge of technological advances.  Ensure prompt identification and resolution of problem areas in an effort to minimize the fees and waiting time associated with vendor support/outside consultants.

Prepare annual financial statements for review by external auditors and presentation to the audit committee.

4) Hospital Net Revenue

Oversight of the monthly and year end analysis of third party contractual allowances and reserves for hospital enttites and provides contractual allowance data for budget.

5) Financial Reporting Analysis

Prepare monthly financial statements for all BH entities (except HNE).

Prepare monthly balance sheets, income statements, cash flow statements and related commentary and analysis.

Create ad hoc financial reports in order to meet the informational needs of BH management and auditors.

Prepare audited financial statements and supporting audit schedules for external auditor review.

Summarize financial performance for Board and Finance Committee review.

6) Grant Accounting

Processes monthly expenditures and encumbrances related to the grants.

Works with the Sponsored Program Administration for monthly grant tracking and reporting.

Analyzes variances within individual grants.

Reconcile activity to the general ledger.

Coordination of accounting and audits for research grants with the Sponsored Program Administration.

7) Fixed Asset Accounting

Responsible for the maintenance of the BH Corporate fixed assets records.

Establishes policy related to the procurement/disposal of all property, plant and equipment.

Calculation of monthly/annual depreciation expense.

Calculation of the gain/loss on the disposal of assets.

Reconcile activity to the general ledger.

Provide appropriate information for internal risk management insurance estimates and external parties such as City/Commonwealth tax agencies.

8) BHIC

Collaborates with Risk Management to prepare the annual budget 

Work with senior management to develop budget goals and assist in achieving targets

Coordinate the annual audit process with external audit firm.

Required Work Experience:

1) 10 years supervisory

2) Hands on financial operations.

Preferred Work Experience:

1) None listed.

Skills and Competencies:

1) Excellent oral and written communication skills are required.

2) Strong analytical capability.

3) Microsoft suite proficiency.

4) General Ledger system proficiency.

You Belong At Baystate

At Baystate Health we know that treating one another with dignity and equity is what elevates respect for our patients and staff. It makes us not just an organization, but also a community where you belong. It is how we advance the care and enhance the lives of all people.

DIVERSE TEAMS. DIVERSE PATIENTS. DIVERSE LOCATIONS.

Education:

Bachelor of Arts: Accounting (Required), Master of Arts: Accounting

Certifications:

Certified Public Accountant – Other

Equal Employment Opportunity Employer

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