Director of Accounting – Assets

C002 Medical University Hospital Authority (MUHA); United States; On-site; USD 130,000 - 210,000; Full time

Job summary

The Medical University of South Carolina seeks an Assets Director reporting to the Executive Director of Finance. This role oversees Cash, Investments, Accounts Receivable, Prepaids and Inventory for MUHA and affiliated entities with a strong emphasis on net patient service revenue and net AR calculations.

The position requires leadership in value-based care research, coordination with Treasury, Grants, and Supply Chain, and ensuring data integrity across financials and ERP systems.

Qualifications

• Education: Bachelor's degree or equivalent education and/or relevant work experience.
• Work Experience: 9 years progressive work experience and 4 years management experience.

Responsibilities

• Review reconciliations of operating cash and investment accounts with assistance from Treasury department.
• Ensure investment rollforwards are updated monthly and significant fluctuations are consulted with Treasury and Strategic Planning teams.
• Monitor classification of restricted cash and its spend between capital projects and major programs.
• Ensure workpapers are maintained and updated.
• Ensure prepaid balances are up-to-date and amortized monthly, including ERP balances.

Skills

Cash reconciliations

Investments review

AR analysis

Inventory management

ERP knowledge

Education

Bachelor's degree or equivalent

Tools

ERP system

Job description

Job Description Summary

Job Description Summary The Assets Director reports to the Executive Director of Finance and oversees Cash, Investments, Accounts Receivable (patient and non-patient), Prepaids and Inventory for MUHA and its affiliated entities. This position will have a heavy focus on the net patient service revenue and net accounts receivable calculations for each market as well as continued support and research into value-based care. Other areas of focus will be retail pharmacy reconciliation and revenue recognition, prepaid analysis and careful review of the organization’s investments and grants accounting. Entity Medical University Hospital Authority (MUHA) Worker Type Employee Worker Sub-Type Classified Cost Center CC001119 SYS - Corp Fiscal Services Pay Rate Type Salary Pay Grade Health-36 Scheduled Weekly Hours 40 Work Shift

Job Description Responsibilities

• Review reconciliations of operating cash and investment accounts with assistance from Treasury department, along with restricted cash and net position reconciliation.
• Ensure investment rollforwards are updated monthly and significant fluctuations are consulted with Treasury and Strategic Planning teams for financial ratios like days cash on hand.
• Monitor the classification of restricted cash (cash vs. investments) and its associated spend on a monthly basis between capital projects and major programs.
• Ensure workpapers are maintained and updated.
• Ensure prepaid balances are up-to-date and amortized monthly. Includes regular review of insurance and MIP balances, as well as re-calculating the ERP generated balances to ensure system and data integrity.
• Monthly reconciliation of inventory balances, regularly including coordination and input from Supply Chain.
• Identify and justify large fluctuations between perpetual and periodic inventories and partner with Pharmacy to maintain quarterly cycle counts.
• Ensure year-end counts are coordinated between Accounting, Supply Chain and Pharmacy and be able to reconcile the results of the counts back to the GL.
• Analysis and review of patient accounts receivable (AR) for MUHA and its affiliated companies, including unapplied cash, pharmacy and value based care. Includes regular review of AR module and analyzing variances and fluctuations among the many components of patient revenues and justifying the final cash-to-net balances each month.
• Also includes the review of the quality of outstanding AR such as payor behavior changes including denials, non-covered charges, and fluctuations in the value of services in AR. Must be able to effectively communicate findings to Leadership.
• Also includes review of Pharmacy AR and revenues for each market.
• Monthly recording and review non-patient AR, including grants activity.
• Ensure regular communication is maintained with other departments to minimize material adjustments and that aged items are addressed promptly. Must work closely with Grants Team and University to reconcile sub-awards and other supporting documents in preparation of the annual Single Audit.
• Monthly review of cash flow statement on a consolidated and market level.
• Collaboration with Reporting and Capital teams on changes in the balances from month-to-month.
• Summarize and organize workpapers on a consolidated basis as well as by market and/or facility, if necessary.
• Support and tick mark balances and the transaction level detail with appropriate documentation.

Additional Job Description Minimum Qualifications

• Education: Bachelor's degree or equivalent education and/or relevant work experience
• Work Experience: 9 years progressive work experience and 4 years management experience

If you like working with energetic enthusiastic individuals, you will enjoy your career with us! The Medical University of South Carolina is an Equal Opportunity Employer. MUSC does not discriminate on the basis of race, color, religion or belief, age, sex, national origin, gender identity, sexual orientation, disability, protected veteran status, family or parental status, or any other status protected by state laws and/or federal regulations. All qualified applicants are encouraged to apply and will receive consideration for employment based upon applicable qualifications, merit and business need.

Medical University of South Carolina participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here: http://www.uscis.gov/e-verify/employees

Thank you for wanting to be part of the Medical University of South Carolina team. Whether you want to teach the next generation of health care leaders, innovate new business models, discover the next breakthrough or provide patient care, there's a role for you that fuels your passion and takes advantage of your skills. There are career opportunities available in academics, research, hospital medicine, physician practices and support services, from patient billing to IT. As an applicant, you can search jobs for all MUSC entities as well as search by category and location. MUSC attracts more than $250 million annually in research funding, making it the biggest magnet for biomedical, extramural research dollars of all institutions of higher learning in South Carolina. The Clinical and Translational Science Award (CTSA) Program aims to advance clinical and translational science to increase the speed at which new treatments become available to patients. MUSC Health, the clinical enterprise, operates a 750 bed medical center, which includes a nationally recognized Children’s Hospital, the Ashley River Tower (cardiovascular, digestive disease, and surgical oncology), Hollings Cancer Center (one of fewer than 70 elite National Cancer Institute designated centers), a Level I Trauma Center and the Institute of Psychiatry. In addition, there are more than 100 outreach clinics, hospital/health system affiliations, and telehealth sites. U.S. News & World Report placed us among the top one percent of all American hospitals, with 11 specialties in the top 50. The MUSC Medical Center is also one of only three Magnet designated hospitals in South Carolina.