Financial Reporting Manager is responsible for managing the preparation and distribution of periodic financial statements for external use. Ensures that reports, filings and documentation complies with company's regulations, professional standards, and SEC and GAAP reporting guidelines. Being a Financial Reporting Manager manages the financial reporting staff May work with external auditors to provide requested information. May assist with the preparation of materials for board or shareholders. Additionally, Financial Reporting Manager requires a bachelor's degree in accounting or finance. Typically reports to a director. The Financial Reporting Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Financial Reporting Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Principal Responsibilities and Tasks
The following statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all job duties performed by personnel so classified.
Manages and directs the operations of the General Accounting department including employee work scheduling, staffing and other personnel activities; applies hospital policies and procedures as well as federal, state, and local statues or regulations governing general accounting practices to insure accurate and effective service.
Manages and directs a staff of CPA’s, accountants and accounting support staff in accordance with departmental and UMMS personnel policies and procedures.
Prepares, administers and assists the VP, Directors, and Senior Managers of Financial Reporting with the development of the department operating budget. Identifies cost saving strategies related to administrative or operating expenses. Assists in coordinating the reduction of operating expenses while increasing productivity and trying to maintain positive staff morale.
Communicates regularly with various finance personnel to ensure optimal efficiency and effectiveness of financial reporting.
Keeps abreast of current regulatory (federal, state and TJC) information/guidelines in the finance and healthcare fields as well as new, related UMMS policies. Communicates relevant changes and/or protocol and procedural revisions to staff. Implements appropriate department operational changes to ensure compliance.
The University of Maryland Medical System (UMMS) serves more than one million patients and families every year. More than 29,000 employees and 4,600 providers work at UMMS. Each and every one of these individuals – from the patients we care for, the family members we reassure to our colleagues that we champion – represent the amazingly vibrant communities we serve. And we continue to seek out qualified candidates who reflect the values, backgrounds and stories of our neighbors and patients. We want to hear your voice, learn from your experiences, and be shaped by your insight as part of our workforce. After all, when we come together from different walks of life, we become stronger, better, and more empathetic.
All your information will be kept confidential according to EEO guidelines.