This position is the lead financial representative at the hospital location in Belle Glade. Responsibilities include General Ledger Accounting, Accounts Payable, Purchasing, Inventory, Revenue Cycle and Admitting. The Director will oversee the billing and collections process, the admitting function, cost reporting, budgeting, month end close, annual inventory process, and financial system implementations. The Director is also responsible for preparing and posting journal entries, performing general ledger analysis, completing agency reports, coordinating the filing of the cost report and performing account reconciliations.
FINANCIAL OPERATIONS - Directs the financial operations and accounting practices including responsibility for cash receipts, disbursements, accounts payable, payroll and financial reporting at the Hospital. Makes necessary journal entries and adjustments to complete month end close process. Insures cost reports are completed accurately and timely. Oversees staff who complete a variety of accounting functions including statistical analysis and reporting. Performs personnel functions for Hospital Finance and Revenue Cycle Departments. Maintains a variety of manual and electronic fiscal information, files and records for providing an up-to-date reference and audit trail. Monitors Hospital budgeted expenditures, account balances and related financial activities. Develops and implements new accounting techniques, procedures and systems to include GAAP and GASB; modifies and modernizes existing methods and procedures to improve efficiency in the Hospital Finance Department. Follows, interprets and applies accounting standards to financial reporting. Monitors and oversees hospital budgeting process. Supports the development of employees; creates and maintains a positive work environment.
FINANCIAL STATEMENTS Assists in the preparation of the Comprehensive Annual Financial Statement. Manages the month end close process for the Hospital, identifies and explains variances and participates in month end meetings. Meets regularly with Administrative staff to present financial performance.
INTERNAL CONTROLS - Ensures that effective internal controls are in place and the Hospital is compliant with GAAP and applicable federal, state and local regulatory laws and rules for financial reporting. Establishes and oversees financial controls to promote financial accountability within the Hospital. Conducts internal control audits for the purpose of ensuring fiscal operations are within budget and in accordance with fiscal practices. Works with Corporate Internal Audit to fulfill Audit Plan requirements.
EDUCATION –Directs training of Hospital personnel regarding financial policies and procedures. Responds to a wide variety of inquiries of staff, District personnel and other professional organizations, for the purpose of resolving problems, providing information and/or referring to appropriate personnel.
REPORTING - Provides information to the public and outside agencies regarding financial reporting.
ANALYSIS - Analyzes revenues and expenditures for the purpose of providing direction and support, making recommendations and/or ensuring overall operations are within budget. Compiles data to analyze issues, ensuring compliance with organization policies and procedures, and/or monitoring financial activities.
REVENUE CYCLE - Reviews revenue cycle reports, presents and makes recommendations to the revenue cycle team. Analyzes general ledger accounts; provides recommendations for adjustments. Works with Revenue Cycle department and third parties for preparation of Medicaid/Medicare cost reports in compliance with established regulatory practices. Insures accurate statement of accounts receivable for the Hospital and physician services.
PURCHASING – Oversees the operations of the Purchasing department. Is responsible for insuring adequacy of purchasing systems and accuracy of ordering and receiving. Supervises departmental inventories, completed inventory audits, compiles inventory-adjusting entries.
Completes other assignments as necessary to insure efficient operations of the Hospital Finance Department at the request of the CFO where commensurate with education and skill level.
Emergency duty may be required of the incumbent that includes working in Red Cross shelters or to perform other emergency duties including, but not limited to, responses to threats or disasters, man-made or natural.
Bachelor’s degree in Business Administration, Accounting, Finance, or related field required.
Five (5) to Seven (7) years previous hospital experience involving accounting and financial functions required. Experience with month end close, budgets and cost reports required. Experience with revenue cycle, benchmarking, managed care and reimbursement required. Experience with Purchasing required.
Valid Florida Driver’s License required.