Accountant Sr - HMFP

Beth Israel Lahey Health; Woburn (MA); On-site; USD 85,000 - 115,000; Full time

Job summary

Beth Israel Lahey Health seeks an Assistant Controller to support HMFP in preparing accurate monthly financial statements and managing cash collections, deposits, and reconciliations. The role involves month-end close, recording journal entries for net patient service revenue and expenses, and ensuring physician P/L accuracy.

Strong accounting knowledge and self-starting work ethic are essential. Proficiency in Microsoft Office and ERP systems, with attention to detail and ability to contribute

Qualifications

• Bachelor's degree required.
• 3-5 years related work experience required.
• Strong understanding of accrual accounting.
• Value add contributor to the team with a self-starter attitude.
• Excellent attention to detail and grasp of financial activities.
• Advanced skills with Microsoft applications (Outlook, Word, Excel, PowerPoint or Access).

Responsibilities

• Assists in the month end close including production of accurate financial statements.
• Writes journal entries for net patient service revenue, contract revenue, wages and expenses monthly.
• Ensures accuracy of journal entries for department and physician P/L.
• Reviews balance sheet and P/L balances; proposes entries as needed.
• Maintains monthly account reconciliations and supporting schedules.

Skills

Accrual accounting

Attention to detail

Self-starter

MS Office

Education

Bachelor's degree

Tools

EPICOR

FRX

Job description

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

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.

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.

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