Financial Reporting Manager

Penobscot Valley Hospital • Lincoln, ME

8d • Onsite

About The Position

The Financial Reporting Manager oversees the financial accounting and reporting for the hospital, ensuring timely and accurate bank reconciliations, journal entries, and general ledger maintenance. This role is responsible for submitting state, federal, and internal reports in compliance with standards, managing the bi-weekly payroll process, and coordinating with external auditors for annual audits, cost reports, and tax forms. The manager will lead monthly financial reporting processes, serve as a resource for department managers on financial matters, and prepare financial reports, forecasts, and proformas. Additionally, this position involves preparing annual budgets in collaboration with senior leadership and department managers, maintaining records for insurance coverage, and providing backup for the Accountant. The role also requires active participation in the Hospital-wide Quality Improvement Program and emergency preparedness planning.

Requirements

• Bachelors of Science degree in Accounting or Business Administration with a major in accounting required.
• Excellent verbal and written communications skills required.
• Must be organized and able to manage multiple tasks at once.
• Skill in Microsoft Excel pc-based applications required.
• 1 year of leadership or management experience required.

Nice To Haves

• Master's degree preferred.
• Database knowledge preferred.
• 2 years + of leadership or management experience preferred.

Responsibilities

• Oversee the financial accounting and reporting in the hospital including bank reconciliations and journal entries are completed timely and the general ledger is maintained accurately.
• Completes and submits relevant state, federal, or internal reports timely and accurately in compliance with hospital, state, and federal standards. Maintains related documentation in accordance with applicable policies.
• Review and manage the payroll process bi-weekly ensuring all payroll taxes and journal entries are posted.
• Coordinate with external auditors to conduct annual audits, cost report preparations, and tax related reports or forms and ensures they are submitted timely.
• Lead processes related to monthly financial reporting.
• Acts as a resource for department managers regarding their expense management, payroll, or revenue.
• Prepare and analyze financial reports, forecasts, and proformas as needed including cash, census, statistics and other reports as requested.
• Prepare annual budgets in collaboration with Senior Leadership and department managers and ensures that it is accurately updated in the electronic GL for reporting purposes.
• Maintains records and information for applicable insurance coverage including property, professional liability, and any others.
• Provides back up for Accountant if he/she is away.
• Other duties as assigned.
• Actively participates in the Hospital-wide Quality Improvement Program, actively supports and implements Department-specific Quality improvement initiatives and projects, recommends process improvement as appropriate, reports any quality issues in service delivery and consistently commits to a focus on quality improvement and organizational excellence.
• As an employee of Penobscot Valley Hospital, the position has an inherent role to care for our community members when in need. To this regard, the incumbent will be expected to participate in emergency/disaster preparedness planning and drills as requested. When called upon during a real life disaster/emergency event, the incumbent will be expected to participate in the Hospital’s response to this event, within the scope of professional and personal ability to do so.

Benefits

• Section 125 Cafeteria Benefits Plan
• Pays a portion of the cost of our health plan
• Pays a portion of the cost of dental insurance
• Pays a portion of the cost of basic life insurance
• Pays a portion of the cost of disability insurance for employees for 30+ authorized hours
• Provides partial subsidy for dependent health insurance
• Part-time employees are eligible to receive dental, life, and disability coverage
• Part-time employees are eligible to participate in the health insurance plan
• 403(b) plan
• Earned time off accrual

What This Job Offers

• Job Type: Full-time
• Career Level: Manager