SVP, Financial Operations & Corporate Accounting

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Location: Cambridge, MA
Job ID: 172053-1A
Date Posted: Jan 14, 2022
Category: Professional

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Job Description

Welcome To

Welcome to Beth Israel Lahey Health. We are a new health care system that brings together academic medical centers and teaching hospitals, community and specialty hospitals, more than 4,000 physicians and 35,000 employees in a shared mission to expand access to great care and advance the science and practice of medicine through groundbreaking research and education.  

About the Job

Reporting to the Executive Vice President and Chief Financial Officer of Beth Israel Lahey Health, the Senior Vice President, Financial Operations and Corporate Accounting functions as a key resource on both accounting and payroll/accounts payable matters for BILH and its subsidiaries. The incumbent serve as the Accounting Principal for BILH and its subsidiaries and is responsible for planning, organizing and managing corporate-wide activities related to financial matters including general accounting, internal and external financial reporting and external audits. The incumbent also oversees the system-wide payroll and accounts payable function for BILH and its subsidiaries.

Areas of Responsibility

Areas of responsibility include: Leading the System Corporate Accounting, Internal and External Financial Reporting, Annual External Audit, Payroll Functions and Accounts Payable functions for BILH and its affiliates.

Duties and Responsibilities

  1. Oversee, direct, and organize the work of the System accounting, payroll and AP teams.

  2. Promote a culture of high performance and continuous improvement that values learning and a commitment to quality.

  3. Upgrade and implement an appropriate system of policies, internal controls, financial monitoring, accounting standards, and procedures.

  4. Lead the monthly general ledger close process and related financial statement reporting for BILH and its affiliates.

  5. Plan, lead, and execute the annual year-end audit process; including presentation of the final results to the board Audit and Compliance Committee.

  6. Provide analytical support to the executive leadership including development of internal management reporting capabilities.

  7. Lead the interpretation of US GAAP and IFRS and ensure compliance; including researching new accounting regulations and prepare resolution memos for management.

  8. Oversee the preparation of internal and external financial reporting to ensure they are prepared in accordance with generally accepted accounting principles and the accounting process conforms to a reasonable standard of internal control.

  9. Evaluate financial, accounting and payroll system applications and lead implementation of new software products with corporate IT.

  10. Make recommendations for changes in financial operations.

  11. Improve administrative and operational accounting and payroll services

  12. Advise the Chief Financial Officer and other key members of the executive leadership team on financial planning, accounting, accounts payable, payroll, cash flow, and policy matters.

  13. Attends the board audit and finance committee, effectively communicate and present financial updates at the committee meetings.

  14. Maintain continuous lines of communication, keeping the Chief Financial Officer informed of all critical matters.

  15. Represent the organization externally, as necessary, particularly accounting, audit and payroll matters.

  16. Ensure staff members receive timely and appropriate training and development

  17. Establish and monitor staff performance and development goals, assign accountabilities, set objectives, establish priorities, and conduct annual performance appraisals.

  18. Perform other duties and assignments at the direction of the Chief Financial Officer.

Standard Requirements:

  1. Supports the Mission, Value and Vision of BILH. Demonstrates personal commitment through active involvement in the performance improvement process.

  2. Supports the Patient and Family-Centered Care (PFCC) model:

    1. Treats individuals with dignity and respect.

    2. Shares complete and unbiased information with patients and their families.

    3. Encourages and supports patient and family participation in their care.

    4. Partners and collaborates with patients, families, and team members to ensure an excellent and positive patient experience.

  3. Supports and contributes toward the BILH culture:

    1. Brings best self to work each day

    2. Is highly engaged

    3. Reflects a team-oriented approach

Education / Training:

  • Requires a Bachelor’s Degree in Accounting, Finance or Business Administration, Master’s in Accounting, Finance or Business Administration is preferred.

Work Experience:

  • Requires a minimum seven to ten years’ accounting/ finance experience; within health care institution or with a public accounting firm with extensive experience with health care clients. A minimum of five years’ experience of a corporate level in a high-level leadership role (director or higher) is required.

Certification, Licensure, Registration:

  • Certified Public Accountability (CPA) license, Certified Management Accountant (CMA) license or documented work experience gained through five or more years leading a healthcare accounting function at the VP, Controller or CFO level required.

Other Qualifications:

  • Requires the ability to maintain the confidentiality of information acquired pertaining to financial, legal, and patient and employee records. Proven track record of creative problem-solving and change management in a high-volume mission driven organization.

About Us

Beth Israel Lahey Health is dedicated to improving health and wellness and making a difference in the lives of our patients, their families and all members of the communities we serve.  Formed in March 2019, Beth Israel Lahey Health is a patient-centered, integrated care delivery system providing a continuum of services spanning academic, tertiary and community hospitals, dedicated orthopedic and psychiatric hospitals, primary and specialty care, community acute care, ambulatory care, behavioral services and home health.  Beth Israel Lahey Health Performance Network is a unified joint contracting and population health management organization, jointly governed by participating physicians and hospitals.

Equal Opportunity Employer/Minorities/Females/Disabled/Veterans.