Description

JOB SUMMARY

The Director of Accounting Services at North Mississippi Health Services plays a critical role in managing and improving financial operations. This role involves overseeing the provision of accounting services, collaborating with departments and administration for efficient financial data collection, developing accounting procedures and policies, coordinating budget preparation, working with auditors, staying updated on industry regulations, and supervising a team of accounting professionals. As a director, this role provides strategic leadership, goal setting, and operational management for a department or function, contributing to the overall organizational success. The specific functional areas under the responsibility of the Director are payroll, accounts payable, general accounting and financial reporting, budget and reimbursement.

JOB FUNCTIONS
General Accounting/Financial Reporting:

• Oversee the monthly close and financial reporting for GAAP financial statements, including consolidated statements.
• Review and approve detailed analyses of monthly financial statements, ensuring variances are thoroughly researched and explained.
• Supervise the calculation of accounts receivable reserves across entire system, managing a complex AR reserve process.
• Deliver clear, data-driven insights to executive leadership on Accounts Receivable valuation and reserve adequacy, enabling informed strategic decision-making and ensuring audit preparedness.
• Direct the analysis and consolidation of financial data from joint ventures.
• Ensure accurate preparation of journal entries and reconciliation of general ledger accounts using multiple, non-integrated systems, coordinating a staggered close schedule.
• Oversee significant monthly analysis and reconciliation for Rural Health Clinics and Provider Based Clinics with commingled cash.
• Manage intercompany charges from various departmental systems, including oversight of manual journal entries.
• Supervise the estimation and analysis of monthly accruals for health insurance costs due to system deficiencies.
• Direct the maintenance and analysis of complex reimbursement and third-party audits, impacting monthly reserve settings.
• Ensure accurate recording of interest rate swaps, including valuations and manual entries.
• Oversee the recording of complex vendor and employee payment arrangements, such as contract nurses and physician bonuses.
• Supervise the recording of complex incentive bonus plans, requiring significant analysis for accurate accruals.
• Lead the financial statement audits and Federal and State tax returns, coordinating schedule preparation and detailed reviews.
• Coordinate quarterly Federal and State estimated tax payments.
• Review and approve monthly cash to net revenue analysis for all companies.
• Direct the setup of new general ledger accounts and departments, maintaining the chart of accounts within Accounts Payable and the General Ledger.
• Collaborate with Internal Audit on year-end inventory valuations.
• Make strategic decisions on significant and complex accounting transactions and presentations, including pension entries, UPL recognition, and professional liability accruals. 

Operating Cash Management:

• Oversee weekly cash needs for each company, making strategic borrowing/investment decisions, and approving online cash transfers.
• Manage over 50 bank accounts, ensuring consolidation of cash and reconciliation of bank accounts.
• Execute changes to the hospital’s investment portfolio in alignment with recommendations from the Investment Subcommittee (ISC), ensuring timely and accurate implementation in accordance with approved investment strategies and policies.

Budget:

• Lead the development of consolidated budgets for affiliated companies, setting assumptions, reviewing major departments, providing feedback, and preparing Finance committee and Board presentations.
• Supervise monthly and year-to-date variance analysis for all companies. 

Management:

Oversee hiring, counseling, evaluating and recommendation of termination if applicable for accounting staff.
Ensure the scheduling and balancing of workloads, and time off for accounting staff to guarantee all processes are completed within deadlines.
Interpretation of accounting transactions for accurate reporting.
Provide insights and explanations to leadership regarding operational results, including variances to budget and prior year, to facilitate informed decision-making.
Evaluate and recommend changes to accounting policies to enhance accuracy, efficiency, and compliance.

Requirements:

• Must be a CPA
• Must have Bachelor of Accountancy