Controller, Accounting, Financial Reporting

Cypress Healthcare Partners, LLC (“Cypress”) is a Monterey-based physician practice management and management services organization that has served hospitals, medical groups and urgent care clinics in Monterey and Santa Cruz Counties since 1996. Cypress provides billing and collections, revenue cycle, accounting, payroll, HR, and management services to clients that include Salinas Valley Health Clinic, Montage Medical Group, Doctors on Duty, and several hospital-based physician groups.

Cypress seeks a hands-on Controller to lead its Accounting Department of approximately 8–10 staff. The Controller is Cypress’s senior-most accounting professional and is accountable for accurate, timely monthly financial statements for Cypress and its multi-entity client portfolio, as well as for budgets, internal controls, cash management, audit support and client financial reporting.

This is a working Controller role, not a supervisory-only position. The successful candidate will personally perform a substantial share of the department’s most complex work — generally at least 75% of their time — including month-end close, account reconciliations, accruals, client financial statements, budgets and audit support. Cypress expects its Controller to be the most productive member of the Accounting team and to set the standard for quality, timeliness, and professionalism.

The Controller reports to Cypress’s Senior Vice President, works closely with Cypress’s two Principals, and serves as the accounting face of Cypress to its clients’ executive and finance leadership.

• Own the monthly close calendar for Cypress and all client entities; personally prepare and review journal entries, accruals and balance sheet reconciliations.
• Prepare and deliver accurate monthly financial statements to Cypress and its clients on schedule; identify and correct issues that threaten deadlines.
• Account for physician and provider compensation, including wRVU-based bonus and incentive accruals, in coordination with Cypress’s provider compensation staff.
• Monitor gross and net accounts receivable for clients that use accrual-basis financial statements; test the adequacy of reserves for bad debt, contractual allowances and discounts each month.
• Oversee fixed asset accounting, depreciation, lease accounting and intercompany activity.

• Present monthly financial results to client executives and finance leaders; explain results clearly and credibly to non-accountants.
• Administer client management fee arrangements, including fee billing, annual CPI-based escalators and intercompany and management agreement accounting.
• Respond to client requests for financial information, analysis and special projects.

• Lead and personally participate in annual budgeting for Cypress and its major clients.
• Prepare professional-grade financial analyses, forecasts and variance reports that summarize business performance and financial position.
• Provide financial analysis and decision support to Cypress leadership, clinic managers and client executives.

• Design, document and enforce accounting policies and internal controls, including segregation of duties, approval workflows and disbursement controls (e.g., positive pay) for Cypress and client accounts.
• Manage cash, banking relationships, lockbox activity and treasury functions for Cypress and its clients.
• Coordinate and support external audits, tax filings and regulatory examinations; serve as primary contact for outside auditors and tax advisors.
• Support accounting for Cypress real estate and insurance matters as needed.