Senior Accountant

Job Description:

Performs all functions of accounting which include general ledger maintenance, and financial reporting. Files appropriate tax returns and maintains the integrity of the accounting system and related financial records. Reconciles accounts, participates in the annual audit process and assists in maintaining subsidiary ledgers. Abides by generally accepted accounting principles and implements process improvement and customer service initiatives for various entities

Minimum Qualifications:

1. Formal

Education Required:

a. Bachelor's Degree in Accounting, or a closely related field of study

2. Experience & Training

Required:

a. Two (2) years professional accounting experience. Prior hospital reimbursement and cost reporting experience is a plus.

3. Other Skills, Competencies and

Qualifications:



a. Possesses analytical skills to analyze complex technical information and federal and state regulations.

b. Ability to maintain confidentiality of sensitive financial data.

c. Ability to work well within a team environment.

d. Demonstrate a customer service attitude.

e. Personal computer skills or the willingness and ability to acquire such skills to operate application packages (e. g. worksheets, database, and word processing) used by the department.

f. Ability to effectively interact with populations of patients/customers with an understanding of their needs for self-respect and dignity.

4. Level of Physical Demands: a. Sedentary:
Exerts up to ten pounds of force occasionally and/or a negligible amount of force frequently.

Job Specific Responsibilities:

The following job specific requirements should discuss the essential duties and responsibilities required of the position. They should not replicate those duties and responsibilities discussed above.

1. Creates, customizes, maintains, coordinates, analyzes and prepares the general ledger financial and statistical data, journal entries and reports. Ensures accuracy and completeness of Accounts Receivable, Payroll, Accounts Payable, Inventory and Pharmacy systems interfacing into the general ledger, as well as weekly journal uploads from other departments. Monitors and values investment activity for all System entities.

2. Prepares Hospital, Foundation and Consolidated financial statements and supplementing schedules for Senior Management and The Board of Trustees. Performs variance analyses on balance sheet and P&L accounts to verify and maintain the integrity of the financial statements. Develops response to Senior Management and Board questions regarding financial performance and trends. Prepares audit schedules, formulates explanation of variance and provides supplementary data for internal and external audits.

Ensures internal controls by completing bank reconciliation on a timely basis for Summa and related entities. Maintains monitors and reports the activity of restricted and unrestricted funds. Assists Human Resource s department and other departments in compliance testing for all subsidiaries. Prepares government reports and surveys for Summa and all related entities.

3. Assists and interacts with other departments to provide financial information such as account analysis, flow of data, procedural documentation and interpretation of information prepared by other professionals. Recommends procedures to various departments to improve work efficiency. Analyzes leases, contracts and other transactions to determine proper accounting procedures and communicates results. Provides information to Board members to assist in their decision-making process.

Handles concerns of Summa and non-Summa individuals regarding Foundation issues.

4. Analyzes, monitors, and maintains third party accounts to ensure maximum reimbursement - Calculates deductions, follows Medicare and Medicaid inpatient reimbursement payment methodologies, analyzes balance sheet accounts; manually estimates some deductions from revenues; analyzes monthly reimbursements