Corporate Accountant ShrdSrvcs
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Job Description ECU Health About ECU Health Medical CenterECU Health Medical Center, one of four academic medical centers in North Carolina, is the 974-bed flagship hospital for ECU Health and serves as the primary teaching hospital for The Brody School of Medicine at East Carolina University. ECU Health Medical Center has achieved Magnet® designation twice and provides acute and intermediate care, rehabilitation and outpatient health services to a 29-county region that is home to more than 1.4 million people.Position Summary Maintains a comprehensive financial reporting system for ECU Health entities and produces monthly, quarterly and annual financial statements for distribution to management, executive staff, committees and boards. Performs fixed asset accounting for ECU Health entities, including GASB 87 lease and GASB 96 software accounting. Performs complete accounting cycle for the other accounts receivable. Approves invoices in conjunction with corporate policies. Maintains contract files. Reconciles general ledger accounts for ECU Health entities. Compiles information for governmental and benchmarking surveys, annual audit and tax preparation packages.Responsibilities Controls general ledger for ECU Health entitiesControls general ledger for ECU Health companies through the execution of accounting software to perform the vast array of accounting functions as noted below:Process accounts payable approvals in conjunction with policies and procedures established by company for capital and contract invoices.Reconcile accounts receivable for multiple patient accounting systems. Prepare reconciliation of contractual and bad debt allowance projections. Produce invoices for miscellaneous receivable accounts associated with ECU Health entity billings.Prepare monthly journal entries in the general ledger including accruals and reversals of expenses and allocation of prepaid and inventory accounts.Prepare quarterly and annual reports to state and federal taxing agencies.Prepare surveys used by government agenciesPrepare surveys used by government agencies and benchmarking companies to evaluate current and future capital expenditures and costs..Performs analysis and compiles dataPerforms analysis and compiles data for annual audit and tax preparation packages.Update the Peoplesoft Fixed Asset SystemUpdate the Peoplesoft Fixed Asset System for ECU Health entities on a monthly basis to ensure accurate recording of depreciation expense in the general ledger. Analyze capital purchases for proper account coding; assign useful lives and record details of each individual item on input spreadsheet. Reconcile spreadsheet entries to the G/L and upload to the system. Reconcile transaction detail reports after uploading. Provide inventory listings to facilitate the taking of a physical inventory on a departmental basis to verify the exact location of equipment. Remove any items sold at auctions or disposed of. Make appropriate entries to record the gain or loss on the sale or disposal of these assets or transfer of assets between departments. Prepare Gain/Loss on Disposal of Assets and Projected Depreciation Expense report on a monthly basis. Provide on a quarterly basis to Facility Services the information needed to complete the Certificate of Need reporting to the state. Update the PeopleSoft Lease Module for leases and SBITA Evaluate leased asset transactions to determine the proper recording as an asset or operating expense. Update the PeopleSoft Lease Module on a monthly basis to allow prompt payment of leased assets and proper recording of the asset and liability. Evaluate subscription based information technology agreements on a monthly basis and determine the proper accounting as an asset or operating expense. Update the module to allow prompt payment of the SBITA asset and proper recording of the asset and liability.Prepare financial statementsPrepare individual, divisional, and consolidated financial statements for ECU Health entity assets, liabilities, and fund balances. Prepare income statements for specified accounting periods. Provide explanations of major variances to ECU Health entity and financial services leadership.Verify monthly elimination entriesVerify elimination entries for all inter-company transactions on a monthly basis for use in the combined corporate income statement and balance sheet included in the ECU Health financial statements.Process other accounts receivable using accounting softwareProcess other accounts receivable using accounting software for creation of invoices by compiling detailed information related to laboratory services, pharmacy supplies, stockroom supplies, dietary events, nurse advice line, special programs invoicing and purchases made by parent company on behalf of subsidiary companies. Perform contract billings for all outside parties. Post to general ledger revenue and receivable related to all services and sales generated by billings. Research and post cash receipts received from each customer.. Reconcile general ledger to accounts receivable by verifying each general ledger entry to actual billing or receipts. Pursue collection of outstanding invoices.Submit bond requisitions to the trustee for reimbursementSubmit bond requisitions to the trustee for reimbursement from bond funds. Prepare related schedules on bond proceeds requisitioned from trustee for approval by appropriate executive staff.Approve invoicesApprove invoices in conjunction with corporate policies and procedures. Verify pricing, receiving, capital request and other authorized approvals required. Maintain a cumulative balance for each capital request to verify that invoices do not exceed approved capital request.Maintain ECU Health Medical Center and subsidiary companies contract files.Maintain ECU Health, ECU Health Medical Center and other ECU Health entity contract files. Communicate with legal affairs and department managers about status of new contracts and renewals of existing contracts.Perform monthly reconciliationsPerform monthly reconciliation of asset, liability, capital, revenue and expense accounts to verify activity posted. Investigate and explain variances in these accounts.Performs other duties as assigned.Minimum Requirements Four year college degree or higher in Accounting, Business or Finance.Knowledge of Microsoft Office products, such as Excel and Word.1 year of experience working in an accounting office as a staff accountant in business or similar industry.Other Information LI-MW1