Manager Financial Reporting - Financial Operations

Medical College of Wisconsin•Wauwatosa, WI

10h

About The Position

The Manager Financial Reporting is responsible for leadership, planning, and support for accounting and financial reporting related to clinical practice and affiliate partnership activity. The role directs the Clinical Practice and Affiliate Finance team within the Controller’s Office and supports the continued development of staff, financial systems, processes, and work product. The manager oversees accounting, reporting, and analysis for patient-service revenue, clinical practice operations, Children’s Specialty Group and other clinical contractual services, and affiliate hospital contracts. The role also serves as the Finance Office liaison for clinical practice and affiliate constituents, partnering with practice leadership, Clinical Practice Services, and departments to improve accounting, billing, collections, and reporting. The position leads affiliate and clinical billing and collection processes, including contract review and revenue recognition, contract documentation, invoicing, reconciliation, receivables monitoring, and reporting. It also manages accounting support for clinical practice operations, including monthly clinical assessments, the Workday accounting interface to EPIC, and collaboration on the patient-services receivables valuation model.

Requirements

Bachelor’s degree; appropriate experience may be substituted for education on an equivalent basis.
At least 8 years of experience.
Excellent knowledge of generally accepted accounting principles and ability to apply them to accounting, audit, and financial reporting activities, including preparation of audit footnotes.
Strong management accounting skills and understanding of accounting controls, budgeting, and financial planning and forecasting.
Advanced computer skills, including MS Excel, MS Word, automated accounting software/ERP systems, and related report-writing tools.
Advanced critical-thinking, problem-solving, and analytical skills, including the ability to independently analyze information, draw conclusions, and present them effectively to senior management.
Advanced managerial, staff-development, and team-building skills, with a focus on preparing team members to work independently in a changing environment.
Ability to adapt effectively to change.
Advanced verbal and written communication skills, high standards of productivity and accuracy, and an excellent service attitude.
Ability to listen critically and solicit ideas from analytical participants at all levels of the organization.
Ability to detect and translate speech or other communication.
Occasionally able to distinguish colors and perceive relative distances between objects.

Nice To Haves

Experience with process automation and process enhancement.
CPA certification/licensure.

Responsibilities

Manage and coordinate staff activities and support staff development.
Oversee monthly close activities for assigned areas, including journal entries, accruals, trend and variance analyses, reporting schedules, and presentation materials.
Coordinate annual audit activities and prepare and review reconciliations for areas of responsibility.
Ensure completeness and accuracy of revenue recognition and record allowances for uncollectible accounts as needed.
Serve as the Finance Office liaison for clinical practice and affiliate constituents across the organization.
Partner with practice leadership, Clinical Practice Services, and departments to improve accounting, billing, collection, and reporting processes.
Lead affiliate and clinical billing and collection processes.
Evaluate new, existing, and amended contracts for revenue recognition under GAAP and internal policies; work with relevant parties to understand and document contract terms and billing information.
Identify or establish general ledger segments for accounting for complex contractual agreements.
Prepare and deliver invoices in accordance with contractual agreements; reconcile invoices to accounting ledgers and resolve discrepancies and unbillable expenses with departments.
Monitor open and aging receivables, resolve collection issues, and communicate or escalate unresolved issues in a timely manner.
Maintain Workday customer account functionality, including customer billing information, terms, templates, and requirements; create new customer accounts as needed.
Prepare and distribute reports and reconciliations required by affiliate agreements.
Manage accounting support for clinical practice operations, including determining and applying monthly clinical assessments.
Maintain the Workday accounting interface to the EPIC program to report and allocate patient-service revenue across departments.
Partner with Clinical Practice Services to design and maintain the patient-services receivables valuation model.
Identify opportunities for process automation and enhancement and maintain a focus on process efficiencies.

Benefits

Health, vision, and dental coverage
Flexible Spending options
403B retirement package
Competitive vacation and paid holidays
Tuition reimbursement
Paid parental leave
Employee & Family Assistance Program (EFAP)
Pet insurance
On-campus fitness facility with onsite classes
Discounts on select cell phone plans, local fitness facilities, Milwaukee recreation, and entertainment