When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives.
The Corporate Controller at Beth Israel Lahey Health (BILH) is responsible for the oversight and consolidation of the monthly financial statements according to established procedures and performs other related work related to the Accounting function. Monitors financial performance by measuring and analyzing results and communicating variances to leadership. Administers and directs programs to provide accurate and timely financial information to the organization. Coordinates the preparation of required information needed for reporting to various government agencies and outside auditors as required. Partners and coordinates information with other departments and finance/accounting staff.
Job Description:
Essential Duties & Responsibilities, including but not limited to:
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Reviews monthly financial statements, prepared by the Controllers, including current and comparative analysis. Works with and coordinates to ensure that the monthly financial statements are closed timely and prepared accurately, in line with GAAP. Collaborates with hospital financial operational leadership and communicates any identified areas of concern.
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Prepares and completes the posting of transactions and journal entries. Reviews posted entries for accuracy and appropriate accounting practices and compliance. Evaluates existing procedures for recording assets, liabilities, and financial transactions. Ensures that all balance sheet reconciliations are prepared and reviewed every month.
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Manage and coordinate the annual financial statement audit, working collaboratively with the facilities, legal department, external auditors, third-party valuation firms, and others, including review of financial statements, footnote disclosures, legal updates, and third-party valuations. Responsible for the implementation of agreed-upon recommendations related to areas of responsibility, resulting from the audit findings. Manage and coordinate the Unified Guidance audit, working collaboratively with the facilities, grant departments, and revenue/reimbursement. Manage and coordinate the pension audits, working collaboratively with all facilities, human resources, and payroll.
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Oversight of the preparation of support for all associated tax returns and other required reports, for example, community benefit reporting, CHIA reporting, and unclaimed property.
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Creates and/or updates accounting practice policies and implements harmonized accounting procedures, as appropriate.
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Assists the FP&A team with annual budgets and long-range financial planning. Oversight of the submissions for annual budgeting specific to depreciation, interest expense, other operating revenue, and eliminations.
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Ensures compliance and reporting requirements are met with all applicable agencies, including internal and external auditors and debt agencies. Reviews appropriate schedules and appropriately answers all questions.
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Works with the Workday/IT Teams to optimize functionality within Workday.
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Direct oversight of the Controllers, by providing leadership, guidance, and promoting a culture of high performance and continuous improvement that values learning and a commitment to quality work. Responsible for hiring, mentorship, professional development, determining functions, and annual evaluations of staff members.
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Other duties as assigned by the VP of Corporate Accounting and Finance.
Minimum Qualifications:
Education
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Bachelor’s Degree in Accounting; MBA or CPA Required.
Experience:
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8 years’ progressive accounting/finance experience in hospitals/healthcare in Hospital Finance or Controller-level experience.
Skills, Knowledge & Abilities:
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Strong financial background with comprehensive knowledge of accounting theory, practices, and generally accepted accounting principles (GAAP).
Preferred Qualifications & Skills:
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Demonstrates excellent organizational skills/abilities and is detail-oriented
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Must have excellent business judgment and possess effective analytical and leadership skills
Dept/Unit Specific Skills:
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Demonstrates excellent Excel skills
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Ability to define a complex problem, collect data, establish data, and draw a valid conclusion
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Ability to maintain a work pace appropriate to the workload
Pay Range:
$231,000.00 USD – $275,000.00 USD
The pay range listed for this position is the annual base salary range the organization reasonably and in good faith expects to pay for this position at this time. In addition to base compensation, this position may be eligible for additional compensation, which may include performance-based incentive bonuses.
