Accounting Manager - Cash Management & Foundation

101 Riverside Hospital, Inc.; United States; On-site; USD 91,000 - 125,000; Full time

Job summary

Riverside Health System is seeking an Accounting Manager for Cash Management & Foundation in Newport News, VA. This role manages cash, investments and donor activity, reviews bank entries, and supports treasury with debt and cash-flow analysis.

The position requires a Bachelor's in accounting or business administration, 5+ years of accounting experience, and strong GAAP knowledge. Nonprofit/healthcare experience preferred.

Qualifications

• Bachelors degree in Accounting/Business Administration required.
• A minimum of 5 years of accounting experience is required.
• Nonprofit or healthcare experience preferred.
• CPA certification preferred.

Responsibilities

• Oversee cash and cash equivalents, investments, and donor activity.
• Review journal entries for bank activity and lines of credit.
• Maintain reports to support bank reconciliations.
• Lead monthly bank reconciliation process and ensure internal controls.
• Support debt transactions and covenant reporting.

Skills

GAAP knowledge

Analytical skills

COSO

Excel proficiency

Internal controls

Communication skills

Treasury systems

Team leadership

Cash flow analysis

External audits

Education

Bachelor's degree in Accounting/Business Administration

Tools

Accounting software

Online banking platforms

Job description

Newport News, Virginia

Hiring Range $91,000.00 - $125,125.00/Annual

Actual pay is determined based on job-related factors such as relevant experience, education, credentials, skills, internal equity, and business needs.

Overview

The Accounting Manager - Cash Management & Foundation is responsible for the accounting, reconciliation, and analysis of cash, investments, and donations, as well as other accounting duties as directed. This position works closely with both the Treasury Management and Foundation departments to ensure timely and accurate accounting, and to assist with the maintenance, improvement, and/or creation of internal controls.

What you will do

• Oversee day-to-day accounting associated with, but not limited to, cash and cash equivalents, investments, and donor activity.
• Review journal entries associated with bank account activity, including cash receipts, cash disbursements, and transactions related to bank lines of credit.
• Maintain, improve, and/or create accounting-system reports to support bank reconciliations.
• Lead and review the monthly bank reconciliation process, resolve discrepancies in a timely manner, and ensure controls are designed and operating effectively.
• Support Treasury Management with debt transactions (e.g., interest accruals, covenant reporting, and new debt issuances).
• Monitor pledge and donation activity; determine restrictions; review journal entries to record releases from restriction; and research relevant accounting guidance.
• Assist with investment accounting, including reviewing journal entries, reviewing monthly roll forwards of account activity, and responding to ad hoc requests from Accounting and/or Treasury Management.
• Run cash reports and partner with Treasury Management to understand, monitor, and analyze daily cash position and trends to support decision-making.
• Assist with the creation and analysis of monthly statement of cash flows.
• Analyze cash inflows from patients and other payors and compare them to recorded patient revenue.
• Support process improvement initiatives, where necessary.
• Support month-end close activities as part of the General Accounting department.
• Support Treasury Management in various areas, including ad hoc reporting and bank account analysis.
• Perform other accounting, finance, and treasury duties as directed.

Qualifications

• Education Bachelors Degree, Accounting/Business Administration (Required)
• Experience 5-6 years
• 5+ years of accounting experience (Required)
• Nonprofit or healthcare experience (Preferred)
• 2 years Supervisory experience (Preferred)
• Skills and Abilities Strong understanding of U.S. GAAP
• Strong analytical, problem-solving, and organizational skills
• Strong technical skills include data handling, analysis, and development and implementation of technological solutions
• Strong communication skills suitable for both internal and external stakeholders
• Strong understanding of COSO and the ability to design, maintain, or improve internal controls
• Proficiency in Excel, accounting/financial software, and online banking
• Knowledge of standard treasury policies and regulatory requirements
• Experience supervising or leading a team in a professional environment
• Experience with cash flow statements and analyzing liquidity metrics
• Experience supporting external audits
• Licenses and Certifications Certified Public Accountant (CPA) - The AICPA (Preferred)

To learn more about being a team member with Riverside Health System visit us at https://www.riversideonline.com/careers.

If loving your work is important to you, consider a career at Riverside. By joining our team, you can make a difference in people's lives. Our mission is to care for others as we would care for those we love. We extend that sense of caring to every patient, resident and customer, as well as to each member of our team. We offer care at all stages of life, in hundreds of locations, giving you room to grow your career, along with great benefits and perks. At Riverside Health, your trust and safety are our top priorities.