Manager System Financial Reporting

Summary Description:

POSITION ACCOUNTABILITY:

The primary responsibility of this position is to prepare, manage and report to senior management, the Finance Committee, the BH Board of Trustees, and the Audit & Compliance Committee, the Health System's consolidated financial results of operations. Paramount to this responsibility is the preparation of the Health System's annual audited financial statements and footnotes. This financial report consolidates 14 different Baystate entities which aggregate to approximately $3 billion in both total assets and net revenue. This position further includes the timely and accurate preparation of the audited consolidated financial statements. This responsibility further includes coordination and management of the audit process with our 3rd party auditing firm. In addition to the annual reporting requirements, this Manager is also responsible for the timely and accurate reporting of monthly consolidating financial statements, and oversight of conforming the HNE and BHIC financial statements into the system financial statements as these entities use a different accounting system.

The Manager is responsible for the direct management of the month-to-month financial accounting for the entities that comprise Baystate Health, Inc. This responsibility includes having a detailed understanding of all significant transactions processed at these entities throughout the year and also having processes in places to ensure accurate reporting. In addition to the reporting entities above, this position is also directly responsible for the accurate reporting of an excess of $300 million in annual intercompany elimination activity.

This position is also accountable for the accurate recording and proper allocation of Health benefits expenses, which approximate $100M in annual expense; this position oversees the report out of the Health expense results relative to the Health expense budget. The Manager is also responsible for the preparation of the DB and DC pension plan audits, and coordination with the plans 3rd party auditors.

This position is also responsible for working directly with the Sr Director - Accounting and Financial Reporting in the financial reporting and budget for the Health System's off-shore insurance captive.

This position works closely with senior management to support timely and accurate financial reporting delivered to each of the rating agencies who rate Baystate Health public bonds, S&P and Fitch; this includes timely analysis and calculation of significant rating ratio's, including but not limited to Days Cash on Hand and Days in Accounts Receivable.

Income tax preparation and review is also a responsibility of this position. This Manager provides the oversight over tax returns, including all aspects of the forms 990, 990-T, and MA PC.

NATURE & SCOPE:

Reporting directly to the manager are several GL and Sr GL Accountants, who are accountable for the accurate and timely accumulation of financial & statistical information of the Health system. The Manager, Health System Financial Reporting, monitors the performance of the above incumbents in the performance of their functions, monitors departmental operations and distributes workload based on the priorities and expertise of personnel within his/her department.  Recommends employee merit increases, hiring, promotions, separations, transfers, and similar actions. Develops and carries out a variety of internal departmental educational programs, assuring that personnel are trained and oriented to appropriate work methods, procedures, techniques, and proper financial reporting requirements.

The Financial Services Department provides a major communications link between the Health System cost centers and Health System senior management. The Manager is challenged to develop effective systems for accumulation of accurate financial and statistical information and to develop procedures that would enable management to respond on a current and timely basis to budget variances and cash flow problems.

The Manager resolves all technical problems within the department. The incumbent refers to the Sr Director, Financial Reporting & Accounting, for review and further action on unusual and sensitive personnel problems, interpretation of managerial policies and procedures, initiation of major projects within one's own organization that involve the expenditure of large amounts of personnel, time, and money, and other similar unusual and precedent-setting cases or problems.

Job Responsibilities:

1)           Management, supervision and oversight of the assembly and reporting of monthly consolidated system financial statements and statistics.

2)           Management of the year end financial statement audit for Baystate Health, Inc. with third-party auditor.

3)           Supervision / review of the month-to-month accounting and financial reporting results for Baystate Health, Inc., and Subsidiaries.

4)           Oversight of the preparation of the annual Federal and State tax returns for Baystate Health, Inc., and Subsidiaries.

5)           Management, supervision and oversight of the assembly and reporting of quarterly and annual statutory filings.

6)           Serves as the subject matter expert for new and existing accounting pronouncements and the impact that new guidance has on the consolidated financial statements.

7)           Establish and maintain accounting policies to ensure reported financial information is delivered both accurately and timely.

8)           Prepares and presents financial statement information to internal and external stakeholders, boards, and committees.   

Required Experience:

CPA and 8 to 10 years of related accounting experience 

Required Education:

Bachelor Degree

Skills/Competencies:

Significant knowledge of GAAP and STAT accounting is required, in conjunction with a mastery of Microsoft Office (specifically Excel and PowerPoint). The ability to lead a team through change is essential, as are strong oral and written skills.

Education:

Bachelors Degree (Required)

Certifications:

Certified Public Accountant - OtherOtherOtherOther

Compensation

Note: The compensation range(s) in the table below represent the base salaries for all positions at a given grade across the health system. Typically, a new hire can expect a starting salary somewhere in the lower part of the range. Actual salaries may vary by position and will be determined based on the candidate's relevant experience. No employee will be paid below the minimum of the range. Pay ranges are listed as hourly for non-exempt employees and based on assumed full time commitment for exempt employees.

Minimum - Midpoint - Maximum

$130,977.00 - $150,550.00 - $178,048.00

 

 

Equal Employment Opportunity Employer