Accountant Sr - HMFP

Beth Israel Deaconess Medical Center, Inc.; United States; On-site; USD 85,000 - 115,000; Full time

Job summary

Beth Israel Deaconess Medical Center, Inc. is seeking an Assistant Controller who reports to the Controller to support Harvard Medical Faculty Physicians (HMFP) in developing accurate monthly financial statements.

The role ensures cash collections, accounts payable, deposits, journal entries, financial reports and reconciliations are completed accurately. The position emphasizes accrual-based month-end close, journal entries for net patient service revenue, contract revenue, wages and benefits;

Qualifications

• 3–5 years related work experience required.
• Strong understanding of accrual accounting principles.
• Value-add contributor with initiative and strong work ethic.
• Excellent attention to detail and ability to work independently.
• Proficient with Microsoft Office and related web-based tools.

Responsibilities

• Assist month end close and produce accurate statements on accrual and cash bases.
• Write journal entries for net patient service revenue, contract revenue, wages and benefits.
• Ensure accuracy of journal entries to support P/L statements.
• Understand physician P/L accuracy and its impact on compensation.
• Review balance sheet and P/L, proposing additional entries as needed.
• Maintain up-to-date monthly reconciliations and supporting schedules.
• Propose correcting entries as necessary.

Skills

Microsoft Excel

Microsoft Word

Microsoft Outlook

Microsoft PowerPoint

Microsoft Access

Accrual accounting knowledge

Attention to detail

Self-starter

Analytical thinking

Education

Bachelor's degree

Tools

EPICOR

FRX

Job description

Job Summary

When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives.

This position reporting to the Assistant Controller assists Harvard Medical Faculty Physicians (HMFP) in developing accurate and timely monthly financial statements. Ensures all cash collections, accounts payable, deposits, journal entries, financial reports and reconciliations are accurately completed.

Job Description

Essential Responsibilities

• Assists in the month end close including the production of accurate and timely financial statements on both an accrual and cash basis.
• Writes journal entries to record net patient service revenue, contract revenue, wages and benefits, and other revenues and expenses incurred by departments on a monthly basis.
• Responsible for the accuracy of all journal entries, enabling the production of accurate departmental and physician level profit and loss (P/L) statements.
• Understands and appreciates the importance of physician P/L accuracy; inaccurate information could negatively impact physician compensation.
• Applies critical reasoning skills and professional judgment in reviewing balance sheet (BS) and PL balances and proposes additional entries as necessary.
• Maintains up to date and accurate monthly account reconciliations.
• Reconciles and maintains schedules supporting account balances based on source documentation.
• Proposes correcting entries as necessary.

Required Qualifications

• Bachelor's degree required.
• 3-5 years related work experience required.
• A strong understanding of the principles of accrual accounting.
• Must be a value add contributor to the team with strong work ethic and ability to be a self-starter; acts as a change agent to streamline and improve processes.
• Excellent attention to detail along with a grasp of the larger sense of the organization's financial activities.
• Advanced skills with Microsoft applications which may include Outlook, Word, Excel, PowerPoint or Access and other web-based applications.
• May produce complex documents, perform analysis and maintain databases.

Preferred Qualifications

• Experience in accounting, finance, and/or related field.
• EPICOR and/or FRX experience.
• Prior experience working in Healthcare.

Competencies

• Decision Making: Ability to make decisions that are guided by general instructions and practices requiring some interpretation. May make recommendations for solving problems of moderate complexity and importance.
• Problem Solving: Ability to address problems that are varied, requiring analysis or interpretation of the situation using direct observation, knowledge and skills based on general precedents.
• Independence of Action: Ability to follow precedents and procedures. May set priorities and organize work within general guidelines. Seeks assistance when confronted with difficult and/or unpredictable situations. Work progress is monitored by supervisor/manager.
• Written Communications: Ability to communicate clearly and effectively in written English with internal and external customers.
• Oral Communications: Ability to comprehend and converse in English to communicate effectively with medical center staff, patients, families and external customers.
• Knowledge: Ability to demonstrate full working knowledge of standard concepts, practices, procedures and policies with the ability to use them in varied situations.
• Team Work: Ability to work collaboratively in small teams to improve the operations of immediate work group by offering ideas, identifying issues, and respecting team members.
• Customer Service: Ability to provide a high level of customer service to patients, visitors, staff and external customers in a professional, service‑oriented, respectful manner using skills in active listening and problem solving. Ability to remain calm in stressful situations.

Physical Nature of the Job

Sedentary work: Exerting up to 10 pounds of force occasionally in carrying, lifting, pushing, pulling objects. Sitting most of the time, with walking and standing required only occasionally.

Pay Range

$84,968.00 USD - $114,712.00 USD. The pay range listed for this position is the annual base salary range the organization reasonably and in good faith expects to pay for this position at this time. Actual compensation is determined based on several factors, that may include seniority, education, training, relevant experience, relevant certifications, geography of work location, job responsibilities, or other applicable factors permissible by law.

Health Requirements

As a health care organization, we have a responsibility to do everything in our power to care for and protect our patients, our colleagues and our communities. Beth Israel Lahey Health requires that all staff be vaccinated against influenza (flu) as a condition of employment.

Company Culture

More than 35,000 people working together. Nurses, doctors, technicians, therapists, researchers, teachers and more, making a difference in patients' lives. Your skill and compassion can make us even stronger.

Equal Opportunity Employer/Veterans/Disabled. At Beth Israel Lahey Health, we are driving the change in health care that Massachusetts wants and needs. Our culture promotes continuous learning, growth, innovation and a sense of belonging. We make it a priority to offer comprehensive compensation and benefits and help you achieve a healthy and balanced life. While you're busy caring for and supporting our patients, we take care of you.