• Employment Type: Full Time
• Shift: Days
• Hours: 7:30-4
• Location: Boston, MA

Reporting to the Corporate Controller, this position is responsible for assisting both the AP Senior Accountant and AR Senior Accountant in the preparation of the monthly, quarterly and year-end financial statements and the Controller as required. Manages the operations of the Accounting Department during extended absences of the manager, such as vacations or illness. Responsible for the hiring, training, direction and evaluation of staff accountant(s). Have special responsibilities for the accounting for the I Bonds, AP, Inventory, Miscellaneous Investments, and Cash. Responsible for the budget, books, and supporting records of the parent and Neely Foundation.

PRINCIPAL DUTIES AND ESSENTIAL FUNCTIONS:

• 1. Assists with the preparation of the monthly, quarterly and year-end financial statements.
• 2. Prepares analysis, such as ratio calculations, on a monthly, quarterly, year-end and as-needed basis.
• 3. Meets with Hospital Managers to review and analyze their accounting reports.
• 4. Performs the reconciliation transactions between TMC Affiliates and related entities. This includes assisting with the preparation of any Co-obligor Financial Statements for the Hospital and the Real Estate Company.
• 5. Responsible for the timely and accurate preparation of monthly journal entries.
• 6. Responsible for preparation of Audit Schedules as well as other analyses for the year-end audit.
• 7. Responsible for General Ledger reconciliation and review of reconciliations done by staff accountant(s).
• 8. Assists the manager with reviewing, selecting and implementing software upgrades and enhancements.
• 9. Assists the manager with the preparation and implementation of accounting policies and procedures.
• 10. Assists the Controller as required.
• 11. Learn and exploit the capabilities of computerized accounting system.

Additional duties and responsibilities:

• CASH:
  • Monitor daily cash flow; prepare monthly cash flow to forecast the investment opportunity and cash needs of the hospital.
  • Update Dashboard Daily.
  • Maintain and responsible for all wire activity.
  • Responsible for cash transfer between affiliates and other accounts to maintain a positive cash balance.
  • Record all incoming cash that pertains to wires or ACH Activity to the G/L on a monthly basis.
  • Answer and support any cash questions or issues by senior management and other managers at all levels.
  • Other duties assigned by General Accounting Manager or Corporate Controller.
• Parent:
  • Record all manual checks, maintain hospital transfers to the Parent including all schedules, and record Monthly Interest Income.
  • Reconcile Bank of America account and Fidelity account.
  • Produce Annual Budget, monthly Balance sheet, Income Statements and YTD, and monthly Change in Net Assets.
  • Produce all audit schedules and liaison with auditors; maintain and reconcile all Balance Sheet Accounts.
• Series G&H Bonds:
  • Ensure that Pay Bond Payments are made on a timely basis.
  • Serve as liaison with Bank to coordinate Bond Activity.
  • Maintain Interest Schedules, Expense Amortization, record and maintain monthly activity in SERFE and SERH accounts.
  • Record all monthly activity to G/L; reconcile all accounts and produce Annual Budget Schedules.
  • Coordinate with Auditors and provide necessary schedules for support to Auditors.
• A/P and Inventory:
  • Reconcile on a monthly basis and act as liaison between managers and Accounts Payable Staff.
  • Reconcile monthly perpetual, i.e. Pharmacy and Med Storage, monthly entries to adjust to actual inventory.
• Miscellaneous Investments:
  • Act as liaison with Smith Barney, Research Department (Stock Gifts), and Development Office (Stock Gifts and Donations).
  • Record and maintain monthly stock activity, sales, gains, losses and purchases of miscellaneous income.
  • Reconcile Miscellaneous Investment Account; produce supporting Audit schedules that reconcile to statements.G/L Monthly Close and Other:
    • Liaison with Managers and their staff to resolve questions.
    • Educate Managers and their staff with computerized accounting system, the accrual process, and monthly accruals and to streamline and make the process more accurate and efficient.
    • Process the monthly accruals, research and resolve actual vs. budget issues on a monthly basis.
    • Update and confirm new recurring entries; answer questions and provide analysis to external.
    • Reconcile Balance Sheet Accounts on a monthly basis.
    • Work with Patient Accounts in resolving cash and/or wire questions.
    • Perform Equity transfers and special projects as assigned.
    • Complete all other necessary tasks.

JOB KNOWLEDGE AND SKILLS:

• Ability to communicate effectively, exhibit judgment and deal constructively with staff and department managers.
• Able to work in a complex, fluid environment and to work independently.

EDUCATION:

• B.S. in Accounting,

EXPERIENCE:

• Five to seven years of progressive hospital accounting experience.

WORKING CONDITIONS/PHYSICAL DEMANDS:

• Normal office conditions

AMERICANS WITH DISABILITIES STATEMENT:

Must be able to perform all essential functions of this position with reasonable accommodation if disabled.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. New England Medical Center reserves the right to modify position duties at any time, to reflect process improvements and business necessity.

All your information will be kept confidential according to EEO guidelines.

AMERICANS WITH DISABILITIES STATEMENT:

Must be able to perform all essential functions of this position with reasonable accommodation if disabled.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed, as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. Tufts Medical Center reserves the right to modify position duties at any time, to reflect process improvements and business necessity.

COVID-19 POLICY:

Please note that effective October 1, 2021, as a condition of employment at Tufts Medical Center, all employees and new hires must have received their complete dose of the COVID-19 vaccine, unless they have been granted an exemption.