MHN Corporate Accounting Manager

MHN Corporate Accounting Manager

Position Summary

Marshall Health Network is seeking a Corporate Accounting Manager to oversee corporate accounting operations for its multi-hospital health system. This position manages the monthly consolidation of all hospitals and affiliated entities, intercompany accounting, and preparation of the system's consolidated financial statements.

The Corporate Accounting Manager ensures financial reporting is accurate, consistent across entities, and completed in a timely manner. This role provides leadership to the corporate accounting team and works closely with the System Controller, CFO, hospital vice presidents and finance leaders, Treasury, and external auditors.

The position is also responsible for establishing and maintaining consistent accounting policies, financial close procedures, and internal controls across the health system in accordance with generally accepted accounting principles (GAAP) and applicable regulatory requirements.

Essential Duties and Responsibilities

Corporate Accounting and Financial Reporting

• Manage the consolidation of all hospitals and affiliated entities and prepare consolidated monthly financial statements, including explanations of significant variances.
• Lead the system-wide monthly and year-end financial close calendar and consolidation process, ensuring financial statements are completed accurately and on schedule.
• Prepare consolidated and entity-level financial statements and management reports.
• Review and approve corporate journal entries, intercompany eliminations, and balance sheet reconciliations.
• Oversee intercompany accounting, corporate cost allocations, investments, debt, and other corporate balance sheet accounts.
• Manage bond and debt covenant compliance reporting and support Treasury with lender and rating agency requests.
• Provide accurate and timely financial information to support decisions by system leadership and the Board.
• Manage the Corporate Accounting department's budget and identify opportunities for cost savings.

Compliance, Internal Controls, and Auditing

• Establish and maintain consistent accounting policies, close checklists, procedures, and internal controls across all system entities.
• Ensure corporate accounting practices comply with GAAP, FASB guidance, regulatory requirements, and organizational policies.
• Coordinate the system's annual consolidated audit and single audit, working to minimize audit adjustments and resolve audit findings in a timely manner.
• Coordinate bond and debt covenant reporting and ensure required financial information is accurate and submitted by established deadlines.
• Stay current on GAAP, FASB updates, and not-for-profit healthcare reporting requirements and assess their impact on the health system.
• Support the integration of newly acquired or affiliated entities into the system's accounting policies, procedures, and financial close process.

Department Leadership and Collaboration

• Hire, train, schedule, supervise, and evaluate corporate accounting staff, ensuring performance reviews are completed on time.
• Establish clear priorities and close deadlines and hold the team accountable for meeting expectations.
• Develop corporate accounting staff through coaching, training, and continuing education.
• Build effective working relationships with hospital finance teams across the system.
• Serve as a resource to hospital accounting staff by providing guidance on accounting questions, policies, and system procedures.
• Support hospital accounting teams in maintaining consistent accounting practices and meeting system-wide reporting requirements.
• Collaborate with the System Controller, CFO, hospital vice presidents and finance leaders, Treasury, and external auditors.

Process Improvement and Communication

• Lead improvements that standardize and improve the efficiency of the system-wide financial close and reporting process.
• Identify opportunities to improve accounting procedures, reporting accuracy, and consistency across entities.
• Respond promptly and professionally to requests from system and hospital leaders, auditors, and outside agencies.
• Provide clear guidance and timely responses to hospital finance teams.
• Maintain the confidentiality of financial and corporate information in accordance with system policies.
• Complete continuing professional education required to maintain applicable certifications.