Remote Healthcare Controller | GAAP & Financial Leadership

Vituity; Sacramento (CA); Hybrid; USD 179,000 - 233,000; Full time

Benefits offered by this job

Wellness program

Professional development

401(k) with company match

Generous paid time off

Job summary

Vituity is seeking a seasoned Controller to lead accounting, close processes, GAAP compliance, and tax strategies for a nationwide, remote-capable healthcare operations team. You will generate financial statements, coordinate with CFO and board, and guide payroll and incentives planning.

Ideal candidates have 15+ years in accounting, healthcare experience, and CPA/CMA certification. Strong Excel and regulatory knowledge are required, with a track record of leadership and cross-entity

Qualifications

• 15+ years of related accounting experience required.
• 5+ years of financial accounting management experience required.
• 5+ years of healthcare experience required.
• Bachelor’s Degree in Business, accounting, economics or a related area required.
• CPA or CMA required.
• Knowledge of US GAAP.
• Knowledge of US tax code related to partnership and corporate tax.
• Big 4 or mid-level accounting experience preferred.
• MBA preferred.
• Intermediate to advanced MS Excel, Word, PowerPoint, and Outlook skills.
• Ability to read, understand, and communicate in English enough to perform the duties of the position.

Responsibilities

• Implement, document and maintain adequate and effective internal controls to safeguard enterprise assets.
• Implement, document and maintain adequate and effective processes to improve the close and reporting cycles to ensure timely and accurate reporting.
• Assure that all accounting is done in accordance with GAAP including evaluation of stipend and patient accounts receivable, evaluation of payroll and other liabilities, and maintenance of ownership equity.
• Generate GAAP basis entity financial statements and departmental and practice related income statements and balance sheets.
• Convert GAAP basis medical group income statement and balance sheets to cash basis for cash basis income distributions and for tax return preparation.
• Present Financial information to CFO, Finance Leaders, Audit committee, Board of Directors and C-Suite.
• Annually determine both the cash basis and accrual basis net income of the Medical Groups to facilitate the calculation of the profit distribution percents and provide information to allocate all the profits to the individual partners.
• Monitors and confirms financial condition by conducting audits and providing information to external auditors.
• Prepares special reports by collecting, analyzing, and summarizing information and trends.
• Assures that supporting documentation is maintained for all balance sheet natural accounts and reconciliations are completed timely.
• Review monthly accounting close process including analytical review of the monthly operating results to ensure accurate accounting records are maintained.
• Review of expenses incurred on behalf of multiple entities such as software costs, accounting services, analytical services, and assures the appropriate controls are in place to correctly allocate the expense to entities and departments.
• Facilitate the annual “soft -landing” for cash basis financial statements including determination of the cash basis profit distribution percent and analysis of Qualified earnings.
• Reviews and approved total qualified earnings is calculated correctly based on the partnership agreements and board policy.
• Review all corporate and partnership tax returns prepared by our Tax advisor.
• Develop tax strategy with tax advisor and present to CFO at least annually.
• Provide information for and understand composite tax filing for partnerships
• Review and understand all state and local tax
• Understand tax compliance for each state and work with Tax advisor to create state specific tax strategies
• Complies with federal, state, and local legal requirements by studying existing and new legislation, anticipating future legislation, enforcing adherence to requirements, filing financial reports, and advising management on needed actions.
• Reviews and analyzes financial information needed to complete corporate and partnership tax returns
• Reviews all internally generated corporate and partnership tax returns (13 entities both state and federal)
• Reviews and approves the annual engagement letter for all tax returns (2020 budget is approximately $370,000)
• Assure timely, accurate compliant bi-weekly payroll for partners (monthly), advance providers, on site employees and office employees
• Approve payroll related policies and procedures
• Recommends insurance strategy at least annually related to Cyber, Workers Compensation, General Liability, Malpractice and EPL. Recommends purchasing commercial insurance or self-insuring.
• Evaluates potential liabilities and assures proper reserves are reported on financial statements
• Performs high level analytical review procedures on gross to net payroll
• Assures that billing fees charged to the practices are properly reconciled to billing fees paid to billing agents
• Assures that malpractice charged to the practices are properly reconciled to malpractice paid to insurance companies
• Reviews and approved the master lease file and assures compliance with GAAP reporting
• Reviews and approves allocations of our self-insurance workers compensation plan.
• Assures that the Accounting and Payroll departments goals are aligned with the enterprise’s strategic plan
• Mentor, guides and develops staff to achieve their career aspirations
• Evaluates staff’s performance and develops career tracks
• Approves hiring and terminations for entire department
• Presents case for salary increases to C-Suite
• Reviews and approved related staff compensation policies and procedures
• Determines vision and direction of resource allocation for accounting and payroll

Skills

Leadership

GAAP knowledge

Financial analysis

Communication

Tax knowledge

Auditing

Education

Bachelor's degree in business/accounting/economics

CPA or CMA

Tools

Microsoft Excel

Job description

Vituity is seeking a seasoned Controller to lead accounting, close processes, GAAP compliance, and tax strategies for a nationwide, remote-capable healthcare operations team. You will generate financial statements, coordinate with CFO and board, and guide payroll and incentives planning.

Ideal candidates have 15+ years in accounting, healthcare experience, and CPA/CMA certification. Strong Excel and regulatory knowledge are required, with a track record of leadership and cross-entity