Controller

Job Details

Job Title: Controller

Department/Location: Accounting / Hinsdale, IL

Shifts: Days

Full-time (80 hours per pay period) + benefit eligible

FTE: 1.0

Req. Number: 1809

*Compensation : Pay is determined by various factors, including but not limited to job-specific requirements, individual experience, internal pay equity, and organizational needs/budget considerations, all in alignment with our RML's compensation philosophy. Additionally, you may be eligible for a discretionary annual incentive program based on both individual and organizational performance

Benefits

RML offers competitive compensation and an excellent benefits package. Employees can choose from a wide range of benefits that help protect their health, financial well-being, and overall well-being. Benefits include:

• Medical, Dental & Vision
• Flexible Spending Accounts (FSAs)
• Health Savings Account (HSA)
• Life and Accidental, Death Insurance & Disability Insurance

401(k) Retirement Plan (6% company match) - For every $1 an employee contributes, RML contributes $1 to their accounts. Employees are 100 percent vested in the money both they and RML contribute.

Tuition Reimbursement up to $5k per calendar year

Employee Assistance Plan (EAP) For employees who may need help managing stress, RML offers an EAP at no cost. Counselors are available 24 hours a day to both employees and their family members.

Banking Alternatives (e.g. HealthCare Associates Credit Union)

PTO: Employees can accrue up to 26 days off annually.

Referral Rewards (upwards of $4k)

• Employee Fitness Room
• Free Parking

POSITION SUMMARY

Reporting to the Vice President of Finance & CFO, the Controller provides leadership and oversight of financial reporting, general accounting, patient financial services, admitting, revenue integrity, and internal financial controls, ensuring financial integrity, regulatory compliance, and operational effectiveness.

PRINCIPAL DUTIES & RESPONSIBILITIES

1. Supports the Mission and Vision of RML Specialty Hospital by demonstrating RML's Values of Service, Teamwork, Accountability, Integrity, Respect and Stewardship (STAIRS) in all actions. Promotes positive customer experience in all interactions with patients, families and co-workers.

1. Financial Reporting & Accounting: Directs General Accounting and financial reporting, ensuring timely, accurate, and GAAP-compliant financial statements and reporting. Leads the annual external audit in collaboration with the Vice President of Finance & CFO.

1. Accounts Payable & Payroll: Oversees Accounts Payable and Payroll functions, ensuring accurate and timely payments, appropriate internal controls, and compliance with all applicable reporting requirements.

1. Revenue Cycle & Patient Financial Services: Oversees Patient Financial Services and Admitting ensuring accurate and timely billing, collections, payments, insurance verification, and required reporting. Ensures accounts receivable is appropriately valued and reported.

1. Revenue Integrity & Compliance: Oversees charge capture, Charge Description Master maintenance, charge audits, price transparency, and claim denials. Partners with Finance and Compliance leadership to identify, resolve, and mitigate billing, reimbursement, and compliance risks.

1. Budgeting & Financial Planning: Leads the annual budgeting process in collaboration with the Vice President of Finance & CFO, ensuring accurate financial projections aligned with organizational goals.

1. Internal Controls & Regulatory Compliance: Develops and maintains financial policies, procedures, and internal controls that safeguard assets, ensure financial reporting integrity, and support compliance with applicable laws and regulations, including Medicare and Medicaid requirements.

1. Financial Systems & Process Improvement: Oversees the integrity and effectiveness of financial systems and reporting applications. Drives process improvement through technology, automation, standardization, cross-training, and efficient workflows.

1. External Relationships: Maintains effective relationships with regulatory agencies, government programs, payers, financial institutions, auditors, vendors, and healthcare organizations.

1. Leadership & Staff Development: Leads, develops, and evaluates departmental staff; establishes performance expectations; and promotes accountability, collaboration, and continuous improvement.

1. Organizational & Strategic Leadership: Leads and participates in committees and organizational initiatives, provides financial expertise and recommendations to leadership, and advises the Vice President of Finance & CFO on significant financial, regulatory, reimbursement, and industry developments.

QUALIFICATIONS & REQUIREMENTS

• Bachelor's degree in Accounting, Finance, Business, or a related field; CPA required.
• 10-12 years of progressive accounting and finance experience, preferably in healthcare or public accounting with healthcare audit experience.
• 3-5 years of experience in a senior management, Director, Controller, or equivalent leadership role.
• Demonstrated experience with hospital accounting, financial reporting, revenue cycle, patient financial services, admitting, revenue integrity, and reimbursement.
• Strong knowledge of GAAP, healthcare reimbursement, Medicare and Medicaid requirements, internal controls, and financial reporting.
• Experience leading annual budgeting and external audit processes.
• Experience with financial systems, software implementations, system upgrades, and reporting applications.
• Experience developing and implementing financial policies, internal controls, and process improvements.
• Hospital Controller experience strongly preferred.
• Master's degree in Business Administration, Finance, or a related field preferred.

SKILLS & COMPETENCIES

• Financial Leadership: Strong knowledge of healthcare finance, accounting, financial reporting, budgeting, and revenue cycle management.
• Strategic Thinking: Ability to use financial information to identify opportunities, assess risks, and support organizational decision-making.
• Internal Controls & Compliance: Ability to establish, monitor, and strengthen internal controls and promote regulatory compliance.
• Analytical & Problem-Solving: Strong analytical skills and sound judgment with the ability to resolve complex financial and operational issues.
• Leadership & Development: Ability to lead, develop, motivate, and hold staff accountable while fostering teamwork and collaboration.
• Communication: Excellent verbal and written communication skills with the ability to effectively communicate with employees, leadership, auditors, regulators, and external stakeholders.
• Process Improvement: Ability to evaluate workflows and implement technology, automation, and process improvements that increase efficiency and effectiveness.
• Organization & Prioritization: Ability to manage multiple priorities, meet deadlines, and perform effectively in a fast-paced healthcare environment.
• Relationship Management: Ability to establish and maintain effective relationships with internal and external stakeholders.
• Professional Integrity: Demonstrates sound judgment, discretion, accountability, attention to detail, and high standards of professional and ethical conduct.
• Adaptability: Maintains current knowledge of healthcare regulations, accounting standards, reimbursement, and industry trends and adapts effectively to changing requirements.

The above statements are intended to describe the general nature and level of the work being performed by people assigned to this job. They are not exhaustive lists of all duties, responsibilities, knowledge, skills, abilities, and working conditions associated with it.

1/2024