Chief Accounting Officer
Company: Spartanburg Regional
Location: Spartanburg
Posted on: April 24, 2024
Job Description:
- Home Office: 700 N Pine Street, Spartanburg, SC 29302 The Chief
Accounting Officer (CAO) is a key financial leader, change agent,
and close partner to the Chief Financial Officer (CFO) of
Spartanburg Regional Healthcare System (SRHS). The CAO will be
responsible for the vision, leadership, strategic direction, and
performance of the accounting and treasury functions. The CAO will
oversee the design and execution of the financial reporting,
regulatory reporting, corporate accounting, tax, payroll, and
accounts payable. CAO is responsible for development and
implementation of related systems, controls, procedures, and
policies for all SRHS business units and related corporations. The
CAO will lead accounting policy and ensure compliance with U.S.
Generally Accepted Accounting Principles (GAAP), the National
Association of Insurance Commissioners' Statutory Accounting
Principles and other applicable rules and laws and will report on
and review financial results with SRHS senior leadership. This
leader will be responsible for leading a strong operational and
business partner-oriented organization and will oversee all
accounting data to support management decision-making, ensuring
data is accurate and consistent. SRHS seeks a seasoned, hands-on
finance executive with the ability to effectively lead and mentor
accounting staff. The CAO will work closely with other finance
leaders, external and internal auditors, internal customers of
finance, and the audit team to develop and implement plans to
achieve strong performance in all accounting functions. Direct
reports - Approximately 35 employees, including an accounting
leadership team of two supervisors, two managers, and two
directors. The Accounting team includes general accounting,
treasury, and net revenue analysts, as well as Payroll and Accounts
Payable personnel. Other key relationships: Executive Management
Team Finance, Reimbursement, and Physician Compensation departments
Senior Business Leaders External Auditors KEY RESPONSIBILITIES Set
the strategic direction for the development and deployment of
financial and reporting processes - that ensure compliance and
rigor with U.S. GAAP, Statutory Accounting Principles, and any
other local -accounting standards and the regulatory environment,
thereby mitigating risk for the system. Accounting & Controls
Direct and oversee the development, deployment, and implementation
of all company accounting methods, procedures, and practices to
safeguard the enterprise's assets and properly reflect its
financial results. Be accountable for the accurate and timely
interpretation of U.S. GAAP and the accurate incorporation - of
such interpretations into the company's financial records. Oversee
and control the general accounting activities for the enterprise,
including recording company -transactions, classifications, and
reconciliation of account balances in accordance with U.S. GAAP, -
Statutory Accounting Principles and company policies. Accounting
Operations Oversight of the Payroll and Accounts Payable areas,
ensuring that all payroll related, trade payables, and other
liabilities are paid accurately, on time, and in compliance with
policies and procedures and any appropriate governmental
regulations. Oversee the development and maintenance of appropriate
internal controls related to accounts payable, payroll, fixed
assets, and other disbursement transactions. Ensure applicable
payroll and n-payroll tax reporting is handled timely as required
by government regulations. Treasury Direct Cash Management and
forecasting for SRHS. Ensure internal controls over the approval of
wire transfers and other cash transactions. Plan and implement cash
and investment policies to ensure the maximization of interest and
investment gains. Oversight of the policies and procedures related
to Investment Portfolio management. Audit Oversee and be
accountable for planning and executing several annual audits for
the enterprise, -utilizing an external public accounting firm.
Function as the enterprise subject matter expert and principal
point of interpretation on all matters resulting from dealings with
external accountants and auditors. Be accountable for regulatory
financial reporting. Accounting Policy Oversee and direct
accounting questions and judgments for the enterprise; direct and
control all accounting policies. Candidate Profile The successful
candidate will be an experienced, hands-on accounting executive
with the excellent technical skills, business acumen and leadership
capability to lead the accounting and treasury functions in a
critical, high-visibility role. This person will have the agility,
resourcefulness, multi-tasking ability and thoughtful presence to
drive change and operate effectively across SRHS. This executive
should have extremely strong reporting and accounting skills,
exhibit a proven team leadership skillset, and be viewed as capable
of supporting the continued growth of SRHS. Education
- -Bachelor's Degree in Accounting or related field Experience
- -15+ years of progressive accounting experience in a healthcare
system or healthcare auditing firm.
License/Registration/Certifications -
- CPA Preferred Requirements Preferred Experience
- MBA or Master's in Accountancy
- 5+ years leading the accounting and treasury functions in a
large healthcare system. Additional InformationSpartanburg Regional
Healthcare System (SRHS) offers a full spectrum of services through
six hospital campuses: Spartanburg Medical Center, Spartanburg
Medical Center - Mary Black Campus, Pelham Medical Center, Cherokee
Medical Center, Spartanburg Hospital for Restorative Care and Union
Medical Center. SRHS also includes Ellen Sagar Nursing Center and
Woodruff Manor. SRHS provides unparalleled cancer care through
Gibbs Cancer Center & Research Institute, with locations in
Spartanburg, Greer, Union and Gaffney. The multidisciplinary
Medical Group of the Carolinas has more than 600 physicians across
Upstate South Carolina and western North Carolina. SRHS employs
more than 10,000 associates and offers outpatient surgery centers
and a Level I Trauma Center. Summary Position Summary The Chief
Accounting Officer (CAO) is a key financial leader, change agent,
and close partner to the Chief Financial Officer (CFO) of
Spartanburg Regional Healthcare System (SRHS). The CAO will be
responsible for the vision, leadership, strategic direction, and
performance of the accounting and treasury functions. The CAO will
oversee the design and execution of the financial reporting,
regulatory reporting, corporate accounting, tax, payroll, and
accounts payable. CAO is responsible for development and
implementation of related systems, controls, procedures, and
policies for all SRHS business units and related corporations. The
CAO will lead accounting policy and ensure compliance with U.S.
Generally Accepted Accounting Principles (GAAP), the National
Association of Insurance Commissioners' Statutory Accounting
Principles and other applicable rules and laws and will report on
and review financial results with SRHS senior leadership. This
leader will be responsible for leading a strong operational and
business partner-oriented organization and will oversee all
accounting data to support management decision-making, ensuring
data is accurate and consistent. SRHS seeks a seasoned, hands-on
finance executive with the ability to effectively lead and mentor
accounting staff. The CAO will work closely with other finance
leaders, external and internal auditors, internal customers of
finance, and the audit team to develop and implement plans to
achieve strong performance in all accounting functions. Direct
reports - Approximately 35 employees, including an accounting
leadership team of two supervisors, two managers, and two
directors. The Accounting team includes general accounting,
treasury, and net revenue analysts, as well as Payroll and Accounts
Payable personnel. Other key relationships: Executive Management
Team Finance, Reimbursement, and Physician Compensation departments
Senior Business Leaders External Auditors KEY RESPONSIBILITIES
Vision & Strategy Set the strategic direction for the development
and deployment of financial and reporting processes - that ensure
compliance and rigor with U.S. GAAP, Statutory Accounting
Principles, and any other local -accounting standards and the
regulatory environment, thereby mitigating risk for the system.
Accounting & Controls Direct and oversee the development,
deployment, and implementation of all company accounting methods,
procedures, and practices to safeguard the enterprise's assets and
properly reflect its financial results. Be accountable for the
accurate and timely interpretation of U.S. GAAP and the accurate
incorporation - of such interpretations into the company's
financial records. Oversee and control the general accounting
activities for the enterprise, including recording company
-transactions, classifications, and reconciliation of account
balances in accordance with U.S. GAAP, - Statutory Accounting
Principles and company policies. Accounting Operations Oversight of
the Payroll and Accounts Payable areas, ensuring that all payroll
related, trade payables, and other liabilities are paid accurately,
on time, and in compliance with policies and procedures and any
appropriate governmental regulations. Oversee the development and
maintenance of appropriate internal controls related to accounts
payable, payroll, fixed assets, and other disbursement
transactions. Ensure applicable payroll and n-payroll tax reporting
is handled timely as required by government regulations. Treasury
Direct Cash Management and forecasting for SRHS. Ensure internal
controls over the approval of wire transfers and other cash
transactions. Plan and implement cash and investment policies to
ensure the maximization of interest and investment gains. Oversight
of the policies and procedures related to Investment Portfolio
management. Audit Oversee and be accountable for planning and
executing several annual audits for the enterprise, -utilizing an
external public accounting firm. Function as the enterprise subject
matter expert and principal point of interpretation on all matters
resulting from dealings with external accountants and auditors.
Financial Reporting Be accountable for regulatory financial
reporting. Accounting Policy Oversee and direct accounting
questions and judgments for the enterprise; direct and control all
accounting policies. Candidate Profile The successful candidate
will be an experienced, hands-on accounting executive with the
excellent technical skills, business acumen and leadership
capability to lead the accounting and treasury functions in a
critical, high-visibility role. This person will have the agility,
resourcefulness, multi-tasking ability and thoughtful presence to
drive change and operate effectively across SRHS. This executive
should have extremely strong reporting and accounting skills,
exhibit a proven team leadership skillset, and be viewed as capable
of supporting the continued growth of SRHS. Minimum Requirements
Education
- -Bachelor's Degree in Accounting or related field Experience
- -15+ years of progressive accounting experience in a healthcare
system or healthcare auditing firm.
License/Registration/Certifications -
- CPA Preferred Requirements Preferred Experience
- MBA or Master's in Accountancy
- 5+ years leading the accounting and treasury functions in a
large healthcare system. Additional InformationSpartanburg Regional
Healthcare System (SRHS) offers a full spectrum of services through
six hospital campuses: Spartanburg Medical Center, Spartanburg
Medical Center - Mary Black Campus, Pelham Medical Center, Cherokee
Medical Center, Spartanburg Hospital for Restorative Care and Union
Medical Center. SRHS also includes Ellen Sagar Nursing Center and
Woodruff Manor. SRHS provides unparalleled cancer care through
Gibbs Cancer Center & Research Institute, with locations in
Spartanburg, Greer, Union and Gaffney. The multidisciplinary
Medical Group of the Carolinas has more than 600 physicians across
Upstate South Carolina and western North Carolina. SRHS employs
more than 10,000 associates and offers outpatient surgery centers
and a Level I Trauma Center.
Founded on Aug. 29, 1921, as Spartanburg General Hospital,
Spartanburg Regional celebrates over 100 years of excellence. Join
our talent network to stay connected and hear about new
opportunities.Interested in working for Spartanburg Regional
Healthcare System?Join our talent network to stay connected and
hear about new opportunities.
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Keywords: Spartanburg Regional, Spartanburg , Chief Accounting Officer, Executive , Spartanburg, South Carolina
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