Director - Financial Reporting - Remote Eligible
Overview:
The Director of Financial Reporting is responsible for overseeing the financial reporting process, ensuring accuracy and compliance with US GAAP, and maintaining strong internal controls. Reporting directly to the Vice President-Finance, Controller, this role provides strategic oversight and leadership for all accounting services, including financial reporting, asset management, and financial statement audits.This position will also drive continuous improvement initiatives and align financial reporting with Presbyterian's long-term goals and healthcare industry standards. The Director plays a critical role in delivering actionable financial insights to support operational and strategic decision-making across the hospital system.
Why work at Presbyterian?
As an organization, we are committed to improving the health of our communities. From hosting growers' markets to partnering with local communities, Presbyterian is taking active steps to improve the health of New Mexicans. For our employees, we offer a robust wellness program, including free access to our on-site and community-based gyms, nutrition coaching and classes, wellness challenges and more.
Presbyterian's story is really the story of the remarkable people who choose to work here. The hard work of our physicians, nurses, employees, board members and volunteers grew Presbyterian from a tiny tuberculosis sanatorium to a statewide healthcare system that serves more than 875,000 New Mexicans.
Remote: Open to remote applicants in the United States, except for the following states: Wyoming, North Dakota, and Ohio
Qualifications:
- Bachelors degree in Accounting, Finance, or related field.
- Masters degree preferred.
- Minimum of 8-10 years of experience in accounting or finance roles, preferably within the healthcare industry.
- Public accounting experience is highly preferred.
- Demonstrated experience in leading teams and driving process improvement.
- Strong knowledge of US GAAP and financial reporting standards.
- Ability to research complex accounting issues and communicate findings.
- Expertise in financial analysis, forecasting, and budgeting.
- Proven ability to communicate complex financial concepts to non-financial stakeholders.
- Strong analytical and problem-solving skills.
- Ability to balance strategic leadership with a hands-on approach to problem-solving and process execution.
- Certified Public Accountant (CPA) required.
Responsibilities:
- Financial Reporting & Compliance:
- Oversee the preparation, consolidation, and distribution of accurate and timely financial statements, ensuring compliance with US GAAP and healthcare industry standards.
- Lead the month-end and year-end close processes, including reviewing journal entries, account reconciliations, consolidation and financial statement preparation.
- Coordinate the annual external audit process, ensuring timely completion and implementation of recommendations from audit findings.
- Ensure compliance with all regulatory requirements related to grant, foundation and not-for-profit accounting.
- Operational Leadership
- Lead the financial reporting function, providing financial transparency and accountability across the organization.
- Review financial results with other finance and operational leaders, identifying trends, risks, and opportunities to optimize financial performance.
- Implement best practices for financial policies, procedures, and internal controls, ensuring the protection of company assets and alignment with healthcare industry-specific regulations.
- Oversee the management of all general ledger accounts, including intercompany transactions, cash management, income statement reporting, balance sheet accounts, and reconciliation processes. Ensure the accuracy, completeness, and timely reporting of financial data across all entities, in compliance with US GAAP and internal policies.
- Process Improvement & Systems Management
- Identify and lead initiatives for process improvement, leveraging technology and innovative solutions to enhance efficiency and accuracy in financial reporting.
- Provide technical GAAP expertise to internal stakeholders, ensuring that all accounting practices adhere to evolving standards.
- Stay updated on changes in healthcare regulations and accounting standards, guiding the organization in adapting to new reporting requirements.
- Collaborate with IT and finance systems teams to optimize financial reporting systems, such as Workday, ensuring seamless integration and real-time financial data visibility.
- Leadership & Team Management
- Direct and mentor the hospital, corporate services and foundation accounting teams.
- Drive a culture of continuous improvement, fostering teamwork and cross-functional collaboration across financial reporting, operating finance, budget and planning, supply chain, payroll and other operational teams.
- Support leadership in strategic planning and decision-making by providing clear, actionable financial insights and risk assessments.
Benefits:
We offer more than the standard benefits!
Presbyterian employees gain access to a robust wellness program, including free access to our on-site and community-based gyms, nutrition coaching and classes, wellness challenges and more!
Learn more about our employee benefits:
https://www.phs.org/careers/why-work-with-us/benefits
About Presbyterian Healthcare Services
Presbyterian Healthcare Services exists to improve the health of patients, members and the communities we serve. We are a locally owned, not-for-profit healthcare system of nine hospitals, a statewide health plan and a growing multi-specialty medical group.Founded in New Mexico in 1908, we are the state's largest private employer with nearly 14,000 employees - including more than 1,600 providers and nearly 4,700 nurses.
Our health plan serves more than 580,000 members statewide and offers Medicare Advantage, Medicaid (Centennial Care) and Commercial health plans.
About Our Regional Delivery System
Presbyterian's Regional Delivery System is a network of six hospitals and medical centers throughout rural New Mexico including locations in Clovis, Espanola, Ruidoso, Santa Fe, Socorro and Tucumcari. Our regional facilities are home to more than 1,600 clinical and non-clinical employees who help make Presbyterian the state's largest private employer with nearly 14,000 statewide employees.With a variety of services ranging from general surgery to pediatrics to heart and cancer care, our regional employees are proud to provide close-to-home care for their communities.
We are part of New Mexico's history - and committed to its future. That is why we will continue to work just as hard and care just as deeply to serve New Mexico for years to come.
About New Mexico
New Mexico continues to grow steadily in population and features a low cost-of living.
Varied landscapes bring filmmakers here from around the world to capture a slice of the natural beauty New Mexicans enjoy every day. Our landscapes are as diverse as our culture - from mountains, forests, canyons, and lakes, to caverns, hot springs and sand dunes.
New Mexico offers endless recreational opportunities to explore and enjoy an active lifestyle. Venture off the beaten path, challenge your body in the elements, or open yourself up to the expansive sky. From hiking, golfing and biking to skiing, snowboarding and boating, it's all available among our beautiful wonders of the west.
AA/EOE/VET/DISABLED. PHS is a drug-free and tobacco-free employer with smoke free campuses.
Maximum Offer for this position is up to: USD $81.62/Hr.
Compensation Disclaimer:The compensation range for this role takes into account a wide range of factors, including but not limited to experience and training, internal equity, and other business and organizational needs.