Senior Director, Financial Reporting

The Senior Director of Financial Reporting directs and oversees the consolidation process, all internal and external financial reporting processes, research and implementation of accounting standards, development and maintenance of accounting policies, and various aspects of the corporate accounting function, including, but not limited to, intercompany transactions, joint ventures, mergers and acquisitions, goodwill and intangible assets, impairment, net asset roll-forward, community benefits, foundation and grant accounting, and others as assigned by the Corporate Controller. Additionally, they are responsible for financial system oversight for all general ledger and financial reporting modules in the Oracle Cloud ERP system; oversees and monitors of the company’s internal controls over transaction processing, accounting operations, and financial reporting; and serve as the primary external audit liaison and accounting/reporting subject matter expert and technical support for the Inova Health System.

Job Responsibilities

• Directs all accounting activities related to areas of responsibility, including monitoring emerging accounting literature, implementation of appropriate accounting treatments, ensuring proper controls around transactions, development of accounting policies and procedures, analysis, reporting, audit activities, accounting for monthly transactions, account reconciliations, and execution of certain transactions.
• Responsible for the consolidation and preparation of monthly, quarterly, and annual internal financial statement packages for executive management, governing boards, executive committees, and other users.
• Reviews all financial statements for adherence to internal financial and accounting guidelines and generally accepted accounting principles (GAAP). This review process includes investigating and resolving unusual financial activities and/or transactions and ensuring adherence to appropriate internal controls.
• In-depth research of various complex GAAP issues and analysis and presentation to Executive Management on applicable accounting treatment impact to Inova, changes, etc.
• Coordinates the work of Inova’s external auditors in their performance of the annual audits of Inova, subsidiaries, benefit plans, and compliance reporting.
• Responsible for quarterly external Consolidated and Obligated Group financial statements and management discussion and analysis for the investor community. Responsible for periodic review of financial position to ensure compliance with bond covenants.
• Coordinates regular actuarial reviews of retiree health, workers' compensation, and self-insured professional liability programs. Evaluate and recommend actuarial assumptions. Ensure liabilities related to self-insured programs are appropriately valued.
• Oversight for the Foundation accounting and reporting functions, including the use of funds process and pledge valuations.
• Accounting and compliance oversight for research and community grant functions, including Uniform Guidance audits.
• Continually improves technical skills and assists in developing the skills and technical capabilities of the department through such activities as on-the-job training, formalized educational programs, and attendance and participation in meetings of appropriate professional groups.
• Manages and proactively develops professional staff supporting areas of responsibility, including annual review, training, career development, and goal setting.
• Oversees assigned department or functional area to ensure it is performing effectively, which may include but not limited to, preparing and implementing business strategy to achieve the organization’s goals, ensuring legal compliance, communicating and collaborating with stakeholders, managing employment decisions and contributions of supporting team members, and managing departmental budget and fiscal success.
• Perform special projects and analyses in support of System-wide Financial Operations and Executive Management.

Additional Requirements

• Certification - Certified Public Accountant (CPA)
• Experience - 10 years of relevant accounting experience including three years of public accounting experience
• Leadership- 6 years of management experience
• Bachelor's Degree in Accounting, Finance or Business

Preferred Qualifications

• Healthcare experience is desirable as well as company experience
• Education - Master's degree preferred
• Experience working with Oracle ERP