Director of Accounts Payable

Hartford HealthCare • Hartford, CT

41d

About The Position

The Director of Accounts Payable will oversee the entire accounts payable function, including leading the team, processing invoices, ensuring timely payments to vendors, and maintaining financial accuracy and compliance. The Director will be responsible for developing policies, improving workflows, managing vendor relationships, and ensuring adherence to healthcare-specific regulations and internal controls. The Director collaborates with other departments and is crucial for maintaining the financial health of the organization.

Requirements

• Bachelor’s degree in accounting or finance is required
• Ten plus years of progressive leadership experience in accounting and payables
• Expert level knowledge of Generally Accepted Accounting Principles, 1099 Filing, ERP AP Systems, internal control concepts
• Strong consultative, analytical, research and problem-solving skills
• Excellent interpersonal, communication, influencing and presentation skills
• Able to effectively work with cross functional teams and other functions across the organization
• Detail oriented, strong organizational skills and ability to work independently
• Sense of urgency and ability to multi-task and committed to achieving deadlines
• Experience with the financial close process and KPI management
• Demonstrated ability to train staff for continuous improvement

Responsibilities

• Provide leadership and vision to the team by developing both short- and long-term business planning that aligns with the organization’s goals
• Effectively manage labor cost to enhance efficiency and effectiveness. Understand and optimize available information by monitoring productivity, evaluating existing processes, identifying opportunities for process remediation, and implementing best practice for operational performance improvement initiatives
• Provide leadership with accurate and timely information to influence and support strategic and tactical decision making at all levels
• Anticipate and respond to partners needs in a manner that provides added value and generates significant value
• Assist in the preparation of various financial activities including data gathering, trending, and modeling, planning and reporting as assigned
• Create, track, report and manage all Payables KPI's, including resolution of any pending/recurring issues
• Fully support financial close including responding in a timely manner on any queries related to financial close
• Ensure all vouchers are accounted in the same month, minimize and eliminate any out of period expenses
• Proactively coordinate with suppliers/partners to ensure timely receipt of supplier invoices and accrue for any expenses for service rendered/materials received for which invoices have not been received, including accruing for stub periods
• Ensure all group reporting and management reporting is done accurately and within deadlines
• Ensure full compliance with internal, external, legal and regulatory standards and requirements. Ensure effective control procedures are in place and fully functioning to preclude improprieties from occurring
• Ensure that all projects and initiatives are consistent with the organization's established policies and objectives and support internal and external audits

Benefits

• Hartford HealthCare offers exciting opportunities for career development and growth.
• We provide a competitive benefits program designed to ensure work/life balance.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 1,001-5,000 employees