Accounting Manager

Position: Benefits Accounting Manager
Site:
Mass General Brigham Incorporated

Mass General Brigham relies on a wide range of professionals, including doctors, nurses, business people, tech experts, researchers, and systems analysts to advance our mission. As a not-for-profit, we support patient care, research, teaching, and community service, striving to provide exceptional care. We believe that high-performing teams drive groundbreaking medical discoveries and invite all applicants to join us and experience what it means to be part of Mass General Brigham.

Job Summary

Responsible for overseeing the financial operations of the organization by maintaining accurate financial records, ensuring compliance with relevant regulations, and providing financial analysis and reporting to support decision-making processes.

Essential Functions

* Manage the day-to-day accounting activities, including accounts payable, accounts receivable, general ledger, and payroll.

* Ensure the accurate and timely recording of financial transactions in the company's accounting system.

* Develop and implement accounting policies and procedures to ensure compliance with relevant regulations and accounting standards.

* Monitor and analyze financial data to identify trends, variances, and opportunities for improvement.

* Prepare and present financial reports, including balance sheets, income statements, cash flow statements, and budgets, to management and other stakeholders.

* Coordinate and oversee the annual budgeting process and provide ongoing budget management and analysis.

* Manage and mentor a team of accounting professionals, providing guidance, training, and performance feedback.

Qualifications

Education

* Bachelor's Degree in accounting or finance required

* Master's Degree in a related field of study preferred

Experience

* 5+ years of accounting experience required

* 3+ years of supervisory experience required

Responsibilities:

* Primary point of contact for review of post-retirement benefit plans, defined benefit retirement plans, and defined contribution benefit plans regulatory filings, including any audited financial statements.

* Coordinate with external actuaries and obtain, review, and assess accounting implications regarding actuarial reports from our actuarial consultants.

* Collaborate with other MGB departments (including HR) and oversee the activity that is recorded for the various benefit programs to ensure consistency with the appropriate accounting treatment.

* Coordinate with outside captive insurer and internal teams to record malpractice insurance activity and recover malpractice premiums as appropriate

* Obtain a deep understanding of fringe benefit allocation process and work with constituents across various affiliates to assist in the rate setting and recording of these transactions.

* With a particular focus on material health, retirement/DB plan accounting, and FICA, assist with the development of the budgets and forecasts for each, along with the rest of the benefit programs of the System.

* Assess the actuarially determined tail liabilities for certain programs.

* Assist in the development of the budget and forecast for a variety of benefit plan areas, including the allocation of the budgeted amounts across fiscal periods

* Analyze and communicate budget vs. actual analyses of benefit activity, including drivers for the variances across the system.

* Provide support and subject matter expertise to finance leadership regarding the financial impacts of our benefit programs.

* Support Pension Management Committee materials and project impacts of decisions to be made.

Knowledge,

Skills and Abilities

* In-depth knowledge of Generally Accepted Accounting Principles (GAAP) and relevant accounting regulations.

* Knowledge of financial analysis techniques and financial reporting.

* Strong analytical and problem-solving skills.

* Excellent attention to detail and accuracy.

* Effective communication, interpersonal skills and the ability to lead and manage a team.

* Ability to prioritize tasks, meet deadlines, and work under pressure.

Additional Job Details (if applicable)

Remote Type

Remote

Work Location

399 Revolution Drive

Scheduled Weekly Hours

40

Employee Type

Regular

Work Shift

Day (United States of America)

Pay Range

$99,465.60 - $/Annual

Grade

8

At Mass General Brigham, we believe in recognizing and rewarding the unique value each team member brings to our organization. Our approach to determining base pay is comprehensive, and any offer extended will take into account your skills, relevant experience if applicable, education, certifications and other essential factors. The base pay information provided offers an estimate based on the minimum job qualifications;

however, it does not encompass all elements contributing to your total compensation package. In addition to competitive base pay, we offer comprehensive benefits, career advancement opportunities, differentials, premiums and bonuses as applicable and recognition programs designed to celebrate your contributions and support your…