Sr Accountant

About the role

Penn Medicine is dedicated to our tripartite mission of providing the highest level of care to patients, conducting innovative research, and educating future leaders in the field of medicine. Working for this leading academic medical center means collaboration with top clinical, technical and business professionals across all disciplines.

Summary

Under the guidance of the Director of Financial Accounting or Chief Accounting Officer, assist in statement preparation and analysis for Doylestown Hospital and Doylestown Health System. Perform routine and specialized accounting duties; record transactions and complete account reconciliations to ensure appropriate documentation and verification of assets and liabilities. Prepare and compile statements for related entities as assigned (e.g., Doylestown Health Foundation, DH Physicians, Doylestown Hospital Authority). Support annual financial audit and IRS 990 submission; assist in annual budget and other finance projects. Comply with fiscal policies and internal controls to safeguard assets and ensure integrity of financial transactions and reports.

Responsibilities

• Financial statement preparation and analysis: Assist in the preparation of monthly and fiscal year financial statements for Doylestown Hospital and Consolidated Doylestown Health System; perform daily and monthly tasks to ensure timely and accurate close of fiscal period; prepare monthly closing schedule; monitor checklists; complete quality and ‘cross-check’ tasks; collect and reconcile financial data; conduct routine variance analysis; review departmental expenses; update report formats; evaluate statistical and financial data and present in meaningful format; maintain accountability for integrity of financial accounting data and transactions.
• Routine and specialized accounting duties: Record transactions and conduct variance reviews; complete account reconciliations in a timely manner; prepare and maintain reports; prepare standard and adjusting entries in accordance with the fiscal closing schedule; determine appropriate accruals; prepare analytical summary, post transactions, and complete final journal entries for specialized items such as net patient revenue, gifts and bequests, investment income, interest rate swap, pension plan, self-insured liabilities and practice subsidies; reconcile deposits on a daily basis; review payments and receipts and complete proper recording of patient revenue, donations, operating and miscellaneous revenue; complete reports and variance analysis; monitor Meditech monthly accrual, expense allocation, exception report and interface between entities; support business operations of General Accounting department; complete reporting to summarize activities for internal review and in support of external reporting requirements; comply with policies, practices and controls to safeguard assets and ensure integrity of financial transactions and reports.
• Statements for related entities: Prepare and compile statements for related entities as assigned (e.g., Doylestown Health Foundation, DH Physicians, Doylestown Hospital Authority); represent accounting team to hospital departments and related entities; compile statistical and financial data and prepare statements on the performance and financial position of specific related entities; provide analysis and narrative summary of organization’s income, expenditures, and balance sheet position; prepare routine comparative reports; account for providing timely, thorough and comprehensive statements to Senior Leadership; work with directors of hospital departments and assigned entities to support operations and financial transactions; assist with annual budget planning; work to resolve open issues and make corrections timely; maintain record of decisions and transactions pertinent to resolution; prepare necessary materials for each entity for timely completion of financial audit and IRS filing; ensure timely processing, appropriate control and correct recording of cash receipts; coordinate deposits and complete daily reconciliation; serve as back-up to Director of Financial Accounting for statement preparation and delivery of Hospital and System statements.
• Annual financial audit and tax reporting: Support annual financial audit; gather appropriate information for tax reporting (IRS 990) on an annual basis; complete schedules and analysis as assigned for annual budget and other finance projects; construct and maintain meaningful records; review and update final year-end reconciliations, analytics and worksheets in advance of auditors’ on-site review; assist in the completion of audit schedules at the end of each fiscal period; gather, file and arrange relevant information in preparation for annual audit; respond to auditor inquiries timely and thoroughly; collect sample data and documentation as necessary to support substantive testing; assist with annual budget preparation; gather appropriate information to assist in preparation of IRS 990 Forms for Doylestown Hospital, Foundation and DH Physicians; compile data for preparation of Schedule H and other related schedules; organize records supporting transactions and journal entries; adhere to purge schedule; assist in periodic audits of activities to ensure adherence to corporate compliance program and internal controls; ensure executed transactions and entries are properly approved and substantiated with relevant back-up documentation; respond to special projects and ad-hoc requests to support leadership team.
• Systems, policies, and professional development: Develop strong knowledge base in accounting practices and maintain aptitude in various systems applications; comply with fiscal policies and internal controls; understand accounting cycles and fiscal processes; maintain strong understanding of generally accepted accounting principles, financial accounting standards, and ability to research and reference requirements for financial reporting; proficient user of accounting systems and software applications (e.g., Meditech Financial Applications, Budgeting software, Microsoft Office, Banking on-line software and reporting); take active role in operational improvements, system upgrades and enhancements; assist in making applicable dictionary changes and updates to reporting tables; share records and experience to advance team and improve collective knowledge; prepare written Standard Operating Procedures (SOPs) pertinent to assigned responsibilities; conduct testing as needed for upgrades and new applications; adapt reporting methods for adherence to new accounting regulations; work with an awareness of necessary controls; carry out responsibilities with an adherence to professional standards, a commitment to performance improvement, and an interest in professional growth and development; use verbal and written communication skills to keep management informed; model a culture of service and maintain professional demeanor; promote team environment; participate in meetings; serve as a resource for associates, management and department directors regarding financial matters; take ownership for professional development; respond with flexibility to provide back-up coverage when team members are absent; approach problems proactively; make recommendations for improvements; support development of new programs; maintain confidentiality with sensitive information; perform other duties as necessary.

Credentials

Education or Equivalent Experience: We believe that the best care for our patients starts with the best care for our employees. Our employee benefits programs help our employees get healthy and stay healthy. We offer a comprehensive compensation and benefits program that includes one of the finest prepaid tuition assistance programs in the region. Penn Medicine employees are actively engaged and committed to our mission.