Corporate Controller
Beth Israel Lahey Health · Boston, Massachusetts, United States
- On site
- Full-time
- $275,000 / year
- Boston, Massachusetts, United States
Job highlights
- Oversee monthly financial statements consolidation.
- Monitor and analyze financial performance variances.
- Manage annual financial statement audits.
- Lead and develop accounting team members.
- Ensure compliance with GAAP and regulations.
About the role
About Beth Israel Lahey Health
When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives.
Job Overview
The Corporate Controller at Beth Israel Lahey Health (BILH) is responsible for the oversight and consolidation of the monthly financial statements according to established procedures and performs other related work related to the Accounting function. Monitors financial performance by measuring and analyzing results and communicating variances to leadership. Administers and directs programs to provide accurate and timely financial information to the organization. Coordinates the preparation of required information needed for reporting to various government agencies and outside auditors as required. Partners and coordinates information with other departments and finance/accounting staff.
Essential Duties & Responsibilities
- Reviews monthly financial statements, prepared by the Controllers, including current and comparative analysis.
- Works with and coordinates to ensure that the monthly financial statements are closed timely and prepared accurately, in line with GAAP.
- Collaborates with hospital financial operational leadership and communicates any identified areas of concern.
- Prepares and completes the posting of transactions and journal entries.
- Reviews posted entries for accuracy and appropriate accounting practices and compliance.
- Evaluates existing procedures for recording assets, liabilities, and financial transactions.
- Ensures that all balance sheet reconciliations are prepared and reviewed every month.
- Manage and coordinate the annual financial statement audit, working collaboratively with the facilities, legal department, external auditors, third-party valuation firms, and others, including review of financial statements, footnote disclosures, legal updates, and third-party valuations.
- Responsible for the implementation of agreed-upon recommendations related to areas of responsibility, resulting from the audit findings.
- Manage and coordinate the Unified Guidance audit, working collaboratively with the facilities, grant departments, and revenue/reimbursement.
- Manage and coordinate the pension audits, working collaboratively with all facilities, human resources, and payroll.
- Oversight of the preparation of support for all associated tax returns and other required reports, for example, community benefit reporting, CHIA reporting, and unclaimed property.
- Creates and/or updates accounting practice policies and implements harmonized accounting procedures, as appropriate.
- Assists the FP&A team with annual budgets and long-range financial planning.
- Oversight of the submissions for annual budgeting specific to depreciation, interest expense, other operating revenue, and eliminations.
- Ensures compliance and reporting requirements are met with all applicable agencies, including internal and external auditors and debt agencies.
- Reviews appropriate schedules and appropriately answers all questions.
- Works with the Workday/IT Teams to optimize functionality within Workday.
- Direct oversight of the Controllers, by providing leadership, guidance, and promoting a culture of high performance and continuous improvement that values learning and a commitment to quality work.
- Responsible for hiring, mentorship, professional development, determining functions, and annual evaluations of staff members.
- Other duties as assigned by the VP of Corporate Accounting and Finance.
Minimum Qualifications
Education
- Bachelor’s Degree in Accounting; MBA or CPA Required.
Experience
- 8 years’ progressive accounting/finance experience in hospitals/healthcare in Hospital Finance or Controller-level experience.
Skills, Knowledge & Abilities
- Strong financial background with comprehensive knowledge of accounting theory, practices, and generally accepted accounting principles (GAAP).
- Demonstrates excellent organizational skills/abilities and is detail-oriented.
- Must have excellent business judgment and possess effective analytical and leadership skills.
- Demonstrates excellent Excel skills.
- Ability to define a complex problem, collect data, establish data, and draw a valid conclusion.
- Ability to maintain a work pace appropriate to the workload.
Key skills/competency
- Corporate Controller
- Financial Statements
- GAAP
- Audits
- Accounting Policies
- Financial Planning
- Leadership
- Team Management
- Healthcare Finance
- Excel
Skills & topics
- Corporate Controller
- Accounting
- Finance
- GAAP
- Financial Reporting
- Audits
- Healthcare
- Leadership
- CPA
- MBA
How to get hired
- Tailor your resume: Highlight your 8+ years of progressive accounting/finance experience in healthcare, emphasizing hospital finance or controller-level roles. Showcase your MBA or CPA and expertise in GAAP.
- Craft a compelling cover letter: Articulate your leadership skills, analytical abilities, and understanding of healthcare financial operations. Mention your experience with financial statement audits and compliance reporting.
- Prepare for behavioral questions: Be ready to discuss your experience in managing teams, handling complex financial problems, and collaborating with various departments and external auditors.
- Highlight your technical skills: Emphasize your proficiency in Excel and any experience with Workday or similar financial systems. Be prepared to discuss your knowledge of accounting theory and practices.
- Research BILH: Understand Beth Israel Lahey Health's mission, values, and their commitment to making a difference in people's lives. Align your application with their organizational goals.
Technical preparation
Master GAAP and accounting theory thoroughly.,Develop advanced Excel and financial modeling skills.,Familiarize yourself with healthcare accounting regulations.,Practice audit coordination and financial statement review.
Behavioral questions
Describe a complex financial problem you solved.,How do you lead and mentor accounting teams?,Share an experience managing an audit process.,How do you ensure accuracy in financial reporting?
Frequently asked questions
- What are the key responsibilities of the Corporate Controller at Beth Israel Lahey Health?
- The Corporate Controller at Beth Israel Lahey Health is responsible for overseeing and consolidating monthly financial statements, monitoring financial performance, managing audits (financial statement, Unified Guidance, and pension), ensuring compliance with GAAP and regulatory agencies, and leading the accounting team. This role involves close collaboration with various internal departments and external auditors.
- What educational background and experience are required for the Corporate Controller position at BILH?
- A Bachelor's Degree in Accounting is required, along with an MBA or CPA. Candidates need at least 8 years of progressive accounting/finance experience, specifically within hospitals or healthcare settings, with prior experience in Hospital Finance or at a Controller level.
- What technical skills are essential for the Corporate Controller role at Beth Israel Lahey Health?
- Essential technical skills include a strong financial background with comprehensive knowledge of accounting theory, practices, and GAAP. Proficiency in Excel is crucial. Experience with Workday and an understanding of financial statement preparation, reconciliation, and audit support are also vital.
- How does Beth Israel Lahey Health approach team leadership and professional development for its Corporate Controller?
- The Corporate Controller provides direct oversight, leadership, and guidance to the Controllers. The role emphasizes promoting a culture of high performance and continuous improvement, valuing learning and quality work. This includes responsibilities for hiring, mentorship, professional development, and annual evaluations of staff members.
- What is the pay range for the Corporate Controller position at Beth Israel Lahey Health?
- The annual base salary range for the Corporate Controller position at Beth Israel Lahey Health is $231,000.00 to $275,000.00 USD. This position may also be eligible for performance-based incentive bonuses in addition to base compensation.
- What is the company culture like at Beth Israel Lahey Health for a Corporate Controller?
- Beth Israel Lahey Health emphasizes a mission-driven culture where employees make a difference in people's lives. The organization fosters a collaborative environment among over 35,000 professionals, valuing skill, compassion, and teamwork. The Corporate Controller role contributes to this by leading and developing a high-performing accounting team.
Similar roles
Open positions we recommend based on this role.