What are the responsibilities and job description for the Senior Accountant position at University Clinical Health?
Description
JOB TYPE: Full-TIME
Who We Are
As the only independent and physician-led faculty practice plan of the University of Tennessee Health Science Center, University Clinical Health (UCH) offers best-in-class clinical care through a network of 175 providers across 19 specialties to meet the healthcare needs of the Mid-South community. UCH is a not-for-profit, non-tax-supported group practice and is here to serve the community while providing medical excellence to our patients.
Summary
Under appropriate supervision, the Senior Accountant will be responsible for accounting for the Company’s Treasury function including posting all daily cash activity timely (patient cash accounts and operating bank accounts) and tracking cash balances to ensure sufficiency to meet operating demands, initiating wire transfers for payroll and intra-bank transfers, as needed. Additional responsibilities include, but are not limited to: supporting the accurate and timely closing of the general ledger including preparing and posting journal entries; ensuring that expense accruals are recorded in the proper period including related reversals; reviewing month-end financial data to identify unusual activity and needed adjusting entries (variance analysis and research); ensuring general ledger account balances are materially correct and in compliance with internal controls and GAAP, and that internal control risks are tested and documented; preparing monthly management financial reporting package; providing requested support timely for annual audits; leading accounting initiatives/ projects including process improvement, regulatory compliance/changes, and policy; and performing other duties as assigned to support the overall goals and objectives of the Accounting Team.
KEY RESULT AREAS (KRAs)
¨ Thorough knowledge of Generally Accepted Accounting Principles
¨ General ledger accounting
¨ Record bank cash transactions timely
¨ Prepare expense month-end accruals timely
¨ Prepare general ledger account reconciliations timely; follow-up on reconciling items to ensure timely clearance
¨ Review preliminary financial data for adequacy and identify needed adjustments; submit adjustments timely as needed
¨ Prepare the monthly internal financials (Deck Financials)
¨ Support management team in the annual audit of the financial statements
¨ Develop, document and maintain business processes and accounting procedures to maintain and strengthen internal controls
¨ Leverage systems to facilitate efficient processes and reporting
Requirements
KNOWLEDGE, SKILLS & ABILITIES, EDUCATION and/or EXPERIENCE:
¨ A Bachelor’s Degree in Business Administration with a major in accounting or related degree; and between four (4) and (5) years’ experience in the field of accounting, preferably with a background in public accounting or healthcare.
¨ Experience with general ledger functions and the month-end/year-end close process.
¨ Advanced MS Excel skills including V-lookups, pivot tables, and if statements.
JOB TYPE: Full-TIME
Who We Are
As the only independent and physician-led faculty practice plan of the University of Tennessee Health Science Center, University Clinical Health (UCH) offers best-in-class clinical care through a network of 175 providers across 19 specialties to meet the healthcare needs of the Mid-South community. UCH is a not-for-profit, non-tax-supported group practice and is here to serve the community while providing medical excellence to our patients.
Summary
Under appropriate supervision, the Senior Accountant will be responsible for accounting for the Company’s Treasury function including posting all daily cash activity timely (patient cash accounts and operating bank accounts) and tracking cash balances to ensure sufficiency to meet operating demands, initiating wire transfers for payroll and intra-bank transfers, as needed. Additional responsibilities include, but are not limited to: supporting the accurate and timely closing of the general ledger including preparing and posting journal entries; ensuring that expense accruals are recorded in the proper period including related reversals; reviewing month-end financial data to identify unusual activity and needed adjusting entries (variance analysis and research); ensuring general ledger account balances are materially correct and in compliance with internal controls and GAAP, and that internal control risks are tested and documented; preparing monthly management financial reporting package; providing requested support timely for annual audits; leading accounting initiatives/ projects including process improvement, regulatory compliance/changes, and policy; and performing other duties as assigned to support the overall goals and objectives of the Accounting Team.
KEY RESULT AREAS (KRAs)
¨ Thorough knowledge of Generally Accepted Accounting Principles
¨ General ledger accounting
¨ Record bank cash transactions timely
¨ Prepare expense month-end accruals timely
¨ Prepare general ledger account reconciliations timely; follow-up on reconciling items to ensure timely clearance
¨ Review preliminary financial data for adequacy and identify needed adjustments; submit adjustments timely as needed
¨ Prepare the monthly internal financials (Deck Financials)
¨ Support management team in the annual audit of the financial statements
¨ Develop, document and maintain business processes and accounting procedures to maintain and strengthen internal controls
¨ Leverage systems to facilitate efficient processes and reporting
Requirements
KNOWLEDGE, SKILLS & ABILITIES, EDUCATION and/or EXPERIENCE:
¨ A Bachelor’s Degree in Business Administration with a major in accounting or related degree; and between four (4) and (5) years’ experience in the field of accounting, preferably with a background in public accounting or healthcare.
¨ Experience with general ledger functions and the month-end/year-end close process.
¨ Advanced MS Excel skills including V-lookups, pivot tables, and if statements.