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Director of Financial Reporting

📁
Executive - Business Professional
💼
UTMB Health
📅
2504451 Requisition #

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.

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