Sr Accountant

**Description** Penn Medicine is dedicated to our tripartite mission of providing the highest level of care to patients, conducting innovative research, and educating future leaders in the field of medicine.

Working for this leading academic medical center means collaboration with top clinical, technical and business professionals across all disciplines. Today at Penn Medicine, someone will make a breakthrough. Someone will heal a heart, deliver hopeful news, and give comfort and reassurance.

Our employees shape our future each day. Are you living your life's work? Summary: + Under the guidance of the Director of Financial Accounting or Chief Accounting Officer, assist in statement preparation and analysis for Doylestown Hospital and Doylestown Health System.

Perform routine and specialized accounting duties; record transactions and complete account reconciliations to ensure appropriate documentation and verification of assets and liabilities. Prepare and compile statements for related entities as assigned (e. g.

, Doylestown Health Foundation, DH Physicians, Doylestown Hospital Authority). Support annual financial audit and IRS 990 submission; assist in annual budget and other finance projects. Comply with fiscal policies and internal controls to safeguard assets and ensure integrity of financial transactions and reports.

Responsibilities

+ 1. Assist in the preparation of monthly and fiscal year financial statements for Doylestown Hospital and Consolidated Doylestown Health System. Perform daily and monthly tasks to ensure timely and accurate close of fiscal period. Prepare monthly closing schedule, planning work accordingly to meet timelines.

Monitor checklists to ensure critical functions are completed timely and ensure the Accounting Department meets various deadlines and provides appropriate data as required.

Complete quality and 'cross-check' tasks to ensure accuracy of current period actual and budgeted figures as well as comparisons to previous periods. Collect and reconcile financial data; conduct routine variance analysis to ensure accurate recognition of revenue and expenses.

Review departmental expenses to ensure precise and relevant reporting of operations, and to ensure appropriate recording of expense accruals and pre-paid expenses. Update report formats to enhance statements or to reflect changes in organizational structure.

Evaluate statistical and financial data and present in meaningful format; ensure accurate and pertinent data is provided; review issues and trends with management as needed. Maintain accountability for integrity of financial accounting data and transactions as recorded. 2.

Perform routine and specialized accounting duties, record transactions and conduct variance reviews. Complete account reconciliations in a timely manner; prepare and maintain reports as assigned to ensure appropriate documentation and verification of assets and liabilities.

Prepare standard and adjusting entries in accordance with the fiscal closing schedule; determine appropriate accruals; initiate, review and record transactions promptly and accurately.

Prepare analytical summary, posts transactions, and compete final journal entries as appropriate for specialized items such as net patient revenue, gifts and bequests, investment income, interest rate swap, pension plan, self-insured liabilities and practice subsidies.

Adhere to standards for preparation of informative and timely account reconciliations for assets, liabilities and net assets as assigned; ensure accuracy and thoroughness to avoid the need for material corrections.

Reconcile deposits on a daily basis; review payments and receipts and complete proper recording of patient revenue, donations, operating and miscellaneous revenue.

Complete reports and variance analysis as relevant for assigned areas; promptly bring significant variances, errors or inconsistencies to the attention of management. Monitor Meditech monthly accrual, expense allocation, exception report and interface between entities to ensure accurate current information.

Support business operations of General Accounting department, assisting with fiscal processes for Accounts Payable and Payroll activities and projects as needed. Complete reporting as necessary to summarize activities for internal review and in support of external reporting requirements (e. g. , tax reporting, surveys).

Comply with policies, practices and controls to safeguard assets and ensure integrity of financial transactions and reports. 3. Prepare and compile statements for related entities as assigned (e. g. , Doylestown Health Foundation, DH Physicians, Doylestown Hospital Authority).

Represent accounting team to hospital departments and related entities. Compile statistical and financial data and prepare statements on the performance and financial position of specific related entities as assigned (e. g. , Doylestown Health Foundation, DH Physicians, Doylestown Hospital Authority).

Reports include Balance Sheet, Statement of Operations and Changes in Net Assets as well as key indicators. Provide analysis and narrative summary of organization's income, expenditures, and balance sheet position with contrast to previous periods.

Prepare routine comparative reports for balance sheet and statement of operations, noting significant changes and variances with respect to previous fiscal periods. Accountable for providing timely, thorough and comprehensive statements to Senior Leadership.

Work with directors of hospital departments and assigned entities to support operations and financial transactions; assist with annual budget planning for assigned areas. Work to resolve open issues and make corrections timely. Maintain record of decisions and transactions pertinent to resolution.

Prepare necessary materials for each entity for timely completion of financial audit and IRS filing. Ensure timely processing, appropriate control and correct recording of cash receipts for each assigned entity; coordinate deposits and completes daily reconciliation.

When necessary, serve as back-up to Director of Financial Accounting for statement preparation and delivery of Hospital and System statements. Reports include Balance Sheet, Statement of Operations and Changes in Net Assets, and Statement of Cash Flows. 4.

Support annual financial audit; gather appropriate information for tax reporting (IRS 990) on an annual basis; complete schedules and analysis as assigned for annual budget and other finance projects; construct and maintain meaningful records.

Review and update final year-end reconciliations, analytics and worksheets in advance of auditors' on-site review. preparation of schedules for Assist in the completion of audit schedules at the end of each fiscal period, to ensure integrity of financial reporting and as needed for the year- end audits.

Gather, file and arrange relevant information in preparation for annual audit to ensure that materials are organized and meaningful for auditor reference. Respond to auditor inquiries timely and thoroughly; collect sample data and documentation as necessary to support substantive testing.

Assist with annual budget preparation as needed; prepare assigned schedules; review and address variances to ensure accurate expense planning.

Gather appropriate information to assist in preparation of IRS 990 Forms for Doylestown Hospital, Foundation and DH Physicians; compile data for preparation of Schedule H and other related schedules.

Organize records supporting transactions and journal entries, so that useful information can be obtained and cross-coverage of duties can be accomplished easily. Adhere to purge schedule as appropriate for keeping records current and tidy.

Assist in periodic audits of activities to ensure adherence to corporate compliance program and internal controls. Ensure executed transactions and entries are properly approved and substantiated with relevant back-up documentation consistent with policies and procedures. Re