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Job Description Summary

The Corporate Finance Manager of Liabilities will report directly to the Executive Director of Finance. This position will be in charge of managing all other liabilities for the MUSC system. These liabilities include but are not limited to accounts payable, accrued AP accounts, other accrued expenses, deferred revenue, tax liabilities, and patient refund accounts. This position is responsible for obtaining and maintaining accurate documentation for all other liabilities on a monthly basis.

Entity

Medical University Hospital Authority (MUHA)

Worker Type

Employee

Worker Sub-Type​

Regular

Cost Center

CC001119 SYS - Corp Fiscal Services

Pay Rate Type

Salary

Pay Grade

Health-33

Scheduled Weekly Hours

40

Work Shift

Job Description

Responsible for monthly accrued accounts payable calculations. This includes detailed analysis of historical trends, careful review of pending invoices, familiarity with major vendors, purchase agreements and coordination with other general ledger accountants to ensure entries are not overlapped or duplicated. Must work with operational departments to ensure timely payment of invoices and communicate with Accounts Payable and Procurement to understand payment process. Review accounts payable control account. Ensure proper sign-offs from Supply Chain on a monthly basis that reconcile to the Accounts Payable sub-ledger. Account must be regularly monitored – manual entries or other operational entries that are erroneously recorded should be reviewed and determine proper classification.

Other accrued expenses are accurately recorded. Includes accruals for utilities, shared services with related entities, receipt accruals, dietary calculations, allocations for agency nursing and purchasing cards. Must work closely with all markets to streamline processes for consistency for the Health System, while also maintaining accuracy based on types of vendor contracts (i.e. variable leases).

Must work with Capital Assets on retainages payable and capital accruals accounts. Must be collaborative effort to capture appropriate documentation and accurately record. Copies of receipts must be compiled when retainages are relieved and communicated with Capital Assets. Capital purchases must have adequate documentation and entries recorded must be effectively communicated and agreed upon before approved.

Refund liability accounts are recorded and reconciled monthly. Must work closely with Patient Accounting and their accounting platform to understand and analyze source documents. Accountants must maintain thorough review of the underlying datasets to ensure data is accurate and anomalies are identified. Work collaboratively with Patient Accounting, Treasury and Accounts Payable to understand the refund process is critical.

Deferred revenue accounts are reconciled monthly. Deferrals should be clearly organized based on funding source and shared with Leadership. Must align deferred revenue accounts with accrual accounts upon receipt of cash and work with other general ledger accountants to properly adjust balances.

Monitor all tax-related liability accounts, including sales and use tax, federal backup withholding and nonresident withholding accounts. Must work closely with Treasury and Tax to understand relief of these accounts and assist in adjusting entries when necessary. Recognition and reconciliation of other liability accounts due to special events. Examples may include advanced payments from external agencies, one-time funding arrangements, or accrued interest calculations. Must effectively communicate these transactions and develop accounting schedules to support the balances.

Summarize and organize workpapers on a consolidated basis as well as by market and/or facility, if necessary. Support and tick mark balances and the transaction detail level with appropriate documentation. Assist with the year-end audit. Submit workpapers within a timeline and work with the external auditors to provide additional support as needed. This includes assistance with compiling footnotes and coordination with other general ledger team members in analysis of account balances.

Additional Job Description

Minimum Requirements: Education: A bachelor’s degree in accounting or business with an accounting emphasis. MBA or MHA a plus. Experience: Four (4) years of accounting and/or audit experience required. Credential: CPA and CHFP preferred..

If you like working with energetic enthusiastic individuals, you will enjoy your career with us!

The Medical University of South Carolina is an Equal Opportunity Employer. MUSC does not discriminate on the basis of race, color, religion or belief, age, sex, national origin, gender identity, sexual orientation, disability, protected veteran status, family or parental status, or any other status protected by state laws and/or federal regulations. All qualified applicants are encouraged to apply and will receive consideration for employment based upon applicable qualifications, merit and business need.

Medical University of South Carolina participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here: http://www.uscis.gov/e-verify/employees