Job Description
JOB TITLE: Manager, Accounting
SUPERSEDES: *NEW*
FLSA: Exempt
JOB CODE: 7619
ISSUED: 02/2025
REVISED: *NEW*
BASIC FUNCTION AND RESPONSIBILITY
The Manager, Accounting oversees the accounting function, including the management of general ledger activities, financial reporting, and compliance with accounting standards. This role involves managing highly complex accounting functions, such as the preparation and analysis of financial statements, overseeing the monthly and year-end close processes, and ensuring proper revenue recognition and expense management. The Manager will lead efforts in budgeting, forecasting, and audit coordination while ensuring adherence to accounting principles and regulatory requirements. In addition, this role will manage and mentor a team of accountants, including Senior Accountants, and collaborate with leadership to support strategic financial initiatives and maintain the integrity of the hospital's financial operations.
ESSENTIAL FUNCTIONS
Lead and manage the day-to-day operations of the accounting department, including the preparation and review of journal entries, reconciliations, and month-end and year-end closing processes.
Develop and maintain effective internal controls to ensure the accuracy and completeness of financial records.
Prepare and present monthly financial statements, including balance sheets, income statements, and cash flow statements.
Review and analyze financial reports to provide insights and recommendations to senior management and assist in strategic decision-making.
Coordinate the annual audit process, collaborating with the Controller and Assistant Controller to prepare audit schedules and manage auditor questions.
Develop and implement process improvements to increase efficiency and accuracy within the accounting department.
Manage, mentor, develop, and motivate a team of accounting professionals to achieve common goals and objectives.
Communicate financial information to stakeholders, including shareholders, banks, and regulatory agencies.
Maintain current knowledge of accounting regulations and legislation. Ensure compliance with GAAP (Generally Accepted Accounting Principles), hospital policies, and relevant regulations, including any changes in financial reporting standards.
Collaborate with Finance leadership and other departments to support budgeting, forecasting, and financial planning initiatives.
7619-Manager,Accounting2/4/20254:14:18Drive financial system enhancements and upgrades, ensuring seamless integration with hospital operations and compliance with reporting requirements.
Serve as a financial resource for department heads, providing guidance on accounting policies, budget management, and financial decision-making.
Develop, coordinate, and maintain daily staffing schedules to ensure the appropriate level of coverage.
Monitor time and attendance in alignment with MU Health Care policies and practices, ensuring accuracy of records and timely submittal/approval for payroll purposes.
May complete unit/department specific duties as outlined in department documents.
KNOWLEDGE, SKILLS AND ABILITIES
Expert knowledge of GAAP, accounting standards, and financial reporting requirements.
Proven leadership skills with the ability to manage, mentor, and develop an accounting team.
Advanced financial analysis capabilities with the ability to interpret complex data and provide strategic insights.
Experience with accounting software, including hospital-specific systems.
Excellent organizational and project management skills, with the ability to lead financial initiatives and process improvement projects.
Strong analytical and critical thinking skills, with a proactive approach to identifying and resolving complex accounting issues.
Excellent communication skills, with the ability to clearly present financial information to senior leadership and non-financial stakeholders.
Strong organizational skills with the ability to manage multiple priorities and meet tight deadlines.
SUPERVISION RECEIVED
Direction is received from the Assistant Controller.
SUPERVISION EXERCISED
Supervision provided to staff in the Accounting department.
7619-Manager,Accounting2/4/20254:14:18REQUIRED QUALIFICATIONS
Bachelor's degree in accounting, finance, or a related field.
Five (5) years of experience in accounting, finance, or a related area.
One (1) year of experience in a lead or supervisory position.
PREFERRED QUALIFICATIONS
Certified Public Accountant (CPA) by the Missouri Board of Accountancy or another state board.
Previous experience in a healthcare accounting role with knowledge of hospital financial operations, billing, and reimbursement processes.
Additional license/certification requirements as determined by the hiring department.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met with or without reasonable accommodation. The performance of these physical demands is an essential function of the job. The employee may be required ambulate, remain in a stationary position and position self to reach and/or move objects above the shoulders and below the knees. The employee may be required to move objects up to 10 lbs.
PERFORMANCE EXPECTATIONS
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job; however, completion of these duties is a measure of successful performance. Employees of this job classification are subject to performance reviews. Basic function, responsibilities and characteristics duties may change at any time with or without notice.
SAFETY SENSITIVE STATUS
This position is considered safety sensitive.
This document is a general description of typical job duties, responsibilities and qualifications of employees holding the associated job title. Additional duties, specific qualifications and work emphasis may vary between individual positions.
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