Controller, Pharmacy: Mount Sinai Health System; Full Time; Days

Controllership to lead the accounting functions necessary for 340B Pharmacy and related service offerings such as Distribution Models.  Direct functions in areas of responsibility which include: Accounting, Reporting & Financial Analysis; Revenue & Cost Accounting & Reimbursement Reserve Analysis and Documentation; Internal Control; Forecast and Budget; Cash; Financial Information Systems; Financial Compliance; and External Auditors.

Direct staff in the areas of responsibility:

• Provide leadership to staff and establish goals, projects and initiatives.
• Oversee the productivity level of staff to maximize efficiency, assure adequate staffing levels, and control costs. 
• Oversee recruitment, interviewing and hiring of staff.
• Oversee orientation of new staff, ongoing education of current staff.
• Identify training needs of personnel, and develop and coordinate training programs

Manage financial services that support division/entity operations including revenue and costs, fixed asset, inventory, accounts receivable, and liabilities. Direct functions that:

• Ensure the accurate, complete, consistent and timely recording of accounting transactions
• Maintain supporting records, reconciliation’s and documentation.
• Prepare financial reports for applicable boards, management and operational management highlighting significant variances, trends and issues. 
• Manage finance and accounting processes to ensure the systems are in place and coordinated appropriately to develop and implement new business lines
• Coordinate Income Statement functions to accounting and finance needs are defined and met.
• Review issues/opportunities with management and operations analysis staff and implement improvements
• Apply knowledge of current accounting and financial reporting standards to ensure accounting records comply with Generally Accepted Accounting Principles and Corporate policies. 
• Track and report balance sheet activity to demonstrate management of working capital and return on investment 
• Prepare financial calculations of capital requests including capital outlay and Internal Rate of Return and maintain capital records 
• Perform financial analysis of business lines
• Coordinate internal and external audits

Direct functions that ensure appropriate revenue accounting:

• Monthly revenue & discount accounting
• Balance sheet reserve analysis
• Billing system posting to GL & revenue reports
• External financial audit related to discounts & reserves
• Budgeting assistance & variance analysis relating to revenue & discounts

Manage/oversee functions related cash/ cash reconciliation/banking: 

• Cash collections and deposits
• Cash reporting and reconciliation

Direct all accounting functions related to 340B pharmacy under indirect direction of Senior Director 340B Pharmacy. 340B accounting may entail non Contract Pharmacy services retail, specialty and infusion inventory including:

• Direct preparation and support presentation of budgets, forecasts and long-range plans. 
• Ensure accurate recording of Sentry invoicing and Accounts Receivable Management
• 340B Pharmacy labor and non-labor expenses
• Establish & monitor internal controls, as needed.
• Manage accounting for complex revenue cycle and reserve requirements. 
• Insure accounting internal control for business office processes including:  financial arrangements, billing, follow-up and collections, and posting of payments. 
• Ensure proper accounting controls and reserves are documented for proper recording of assets, liabilities, discount expense, bad debt expenses for transactions related to business offices operations 

Maintain excellent working relationship with internal and external customers, particularly pharmacy management:

• Maintain excellent working relationship with peers within Corporate Accounting, Corporate Internal Audit, Corporate Treasury and other MSHS entities and departments.
• Maintain professional and technical knowledge by such methods as studying healthcare accounting practices

Direct and monitor internal control systems, policies and procedures and perform follow-up audits as necessary:

• Support the integration and standardization of MSHS accounting and reporting policies, procedures and practices.
• Implement and monitor internal control systems, policies and procedures and perform follow-up audits as necessary. 
• Analyze and evaluate the results and make recommendations to pharmacy and finance leadership 
• Apply applicable internal control guidelines

• BS – Accounting required. 
• MBA preferred.
• Seven years accounting/financial experience with three year