Directs and oversees the consolidation process, all internal and external financial reporting processes, Corporate accounting function, tax function and Federal reporting, including Form 990. Financial system oversight including Lawson general ledger and Hyperion, Financial Management Reporting System. Primary external audit liaison and accounting/reporting technical support for the System.
PRINCIPAL DUTIES AND RESPONSIBILITIES
Direction of 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 transactions on a monthly basis, account reconciliations, and execution of certain transactions.
Responsible for the consolidation and preparation of monthly internal financial statement packages for executive management, governing boards, executive committees and other users.
Reviews operating unit and consolidating 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.
Accounting oversight of the investment portfolio including management of day to day relationships with the investment custodian as well as monitoring and reporting on allocation of investment accounts among asset classes, and ensuring compliance with established guidelines. Support the work of Inova's Chief Investment Officer and Chief Financial Officer as required.
Support of public financing activities on behalf of Inova. Overseeing the monitoring of the relationships with bond attorneys, trustees, rating agencies, and underwriters, and with the Fairfax County Industrial Development Authority. Oversight of the application of bond proceeds to expenditures for intended projects, payment of debt service, compliance with bond covenants, and record keeping.
Oversight of System-wide tax reporting, including Forms 1120 and 990 and foreign investment filings. Manage Form 990 tax return process, including overseeing coordination of data gathering and input and presentation to Executive Leadership. Advise management on matters directing to taxation.
Manage short-term cash and investments. Establish and maintain banking relations in the administration of the centralized cash management function including the establishment of bank accounts and the securing of appropriate lines of credit .
In-depth research of various complex GAAP issues and analysis and presentation to Executive Management on applicable accounting treatment impact to Inova, and changes, etc.
Coordinate 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 investor community. Responsible for periodic review of financial position to ensure compliance with bond covenants.
Coordinate 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 use of funds process and pledge valuations.
Accounting and compliance oversight for research and community grant functions, including Uniform Guidance audits.
Continually improve technical skills and assist 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.
Manage and proactively develop professional staff supporting areas of responsibility, including annual review, training, career development and goal setting.
Perform special projects and analyses in support of System-wide Financial Operations and Executive Management.
Internal Number: 47712BR
About Inova Health System
Inova is a global leader in personalized health, which leverages precision medicine to predict, prevent and treat disease, enabling individuals to live longer, healthier lives. At Inova, we serve more than two million people each year from throughout the Washington, DC, metro area and beyond. Inova's mission is to improve the health of the diverse community it serves through excellence in patient care, education and research. At Inova, more than 16,000 employees demonstrate their commitment every day to providing the community with expert, world-class, compassionate patient care.