Accounting Manager

Functional overview The Manager, Accounting is a hands-on role that oversees all accounting functions for
MedImpact's PBM business including the company's multiple subsidiaries and product offerings. The scale
and complexity of the Company's core business and specialized program subsidiaries are mirrored in the
complexity of its accounting processes which requires a solid knowledge of the field's concepts, practices,
and procedures and on extensive experience and judgment to plan and accomplish goals. This position
regularly interacts with management on the process of budgets and variances as well as reviews financial
statements with senior leaders and other personnel.
Duties and responsibilities Oversees a team of staff accountants to perform the full-cycle accounting while ensuring that deliverables
are on time, within budget, and meet the quality levels expected by the Company's internal and external
customers.
Corporate General Ledger Accounting - Close Duties
. Ensures users of the company's financial data and reports receive timely and accurate information.
. Performs quality checks and reviews results before release of financial reports to the business and
external stakeholders.
. Validates and posts journal entries prepared by Accountants to facilitate the timely and accurate close
the financial period under tight timelines (generally 5 workdays).
. Works with the transactional teams (e.g., Accounts Receivable, Accounts Payable, Vendor Relations,
Payroll, and Treasury) to validate the accuracy of their respective transactions and provide corrective
recommendations where appropriate.
. Administers guidance to Accountants during the close process to facilitate the timely completion of
close tasks.
. Manages the close of financial periods including accounting and analytical tasks spread across the
team.
. Oversees the completion of income statement analytics prior to closing the books to ensure
reasonableness from an enterprise perspective.
. Validates the accuracy and appropriateness of the elimination of intercompany transactions at various
consolidation levels.
. Consolidates the activities of multiple subsidiaries at several levels to support both the internal and
external financial reporting needs of the business.
Corporate General Ledger Accounting - Post Close Duties
. Ensures the books and records of the company are maintained in compliance with Generally
Accepted Accounting Principles ('GAAP').
. Maintains up-to-date GAAP knowledge to ensure that the understanding of new pronouncements is
correctly interpreted for the business.
. Reviews general ledger balance sheet account reconciliations and income statement analytics
prepared by Accountants and provides feedback and guidance on a monthly basis.
. Reviews lead sheets to ensure completeness respective to all balance sheet accounts having a
supporting reconciliation and all significant income statement categories having a supporting analytic.
. Directs the maintenance of general and subsidiary ledgers, accounts receivable, revenue recognition,
accounts payable, service expenses, operating expenses, payroll, property management,
depreciation, and insurance records.
Financial Analysis & Internal Reporting
. Takes ownership of the accounting treatment, understands the nuances in relation to the type of
business performed within each cost center.
. Translates the accounting treatment and communication into generic business terms to educate
business leaders so that they understand transactions affecting their cost center's performance.
. Performs variance analysis of costs against budget for key cost centers within the business.
Investigates and provides corrective analysis required for a thorough understanding of the causes,
solutions and provides information and suggestions to the business.
. Reviews and approves the release of the internal monthly financial reporting packages.
. Reports on and maintains supporting records of debt covenant compliance.
External Securities and Exchange Commission ('SEC') Compliant Financial Reporting
. Maintains knowledge of financial reporting requirements under both GAAP and SEC guidance to
ensure the company's financial statements are in compliance with applicable standards and meet the
needs of investors and other external stakeholders.
. Owns the preparation of various financial statements and reports including the annual 10-K and
quarterly 10-Q reports at multiple reporting levels.
. Cultivates a good working relationship with the external audit team members for both audits and
reviews (17 reports annually).
. Coordinates and fulfills auditor PBC requests timely to ensure the organization meets issuance and
filing deadlines.
. Manages the order of operations, in terms of creating the reports, from cradle to grave to provide
assurance management that the reports are a fair and true representation of the company's financial
position.
. Researches accounting standards, writes technical memos, and provides recommendations on new
or complex transactions encountered by the company.
Project Manager
. Broker Fees - Manages broker fee approval, underlying calculations, and payment processing
through the company's internally developed Broker Fee Management System ('BFMS') on a monthly
basis.
. Fixed Assets - Manages the fixed asset subledger as part of the close and post close duties on a
monthly basis.
. Physical Inventory - Coordinates the physical inventory count of all non-intangible assets on an
annual basis.
. Internally Developed Software ('IDS') - Oversees the capitalization of both internal and external labor
used to create IDS. Works with internal and external stakeholders to ensure values are captured
appropriately and attributed to the correct project.
. Warranty - Establishes processes and controls to ensure accurate warranty payment data is relayed
to management timely and accurately.
Rebates - Collaborates with related party rebate aggregator and the internal Rebates Strategy team
to validate the accuracy and appropriateness of estimated rebate receivables and estimated client
rebate liabilities, respectively.
. Revenue Recognition (ASC 606) - Work with transactional teams (Accounts Receivable and
Accounts Payable) to ensure transactions are captured in accordance with ASC 606.
. Leases (ASC 842) - Works with third party vendor to determine the breadth and scope of adopting
this new standard.
. Equity - Works with third party vendor to maintain accurate stock records and to record stock activity
appropriately.
. Government Program Compliance - Coordinates with Compliance and Insurance teams to meet the
financial reporting needs of the business for RFPs, insurance policies, etc.
. Subsidiaries - Customizes practices to the specific accounting needs of the individual subsidiaries
(e.g., mail order, 340B programs, cash card, international entities, prescription drug plans, insurance,
etc.).
Management of resources
. Recruits, trains, mentors, and manages Accountants retains the necessary resources to successfully
perform the duties for the accounting team and provides performance management. Provides dayto-day management of department, including developing and administering policies, business
processes and quality standards.
Related duties
. Establishes system controls for new financial systems and develops procedures to improve existing
systems.
. Researches and implements new accounting standards issued by the FASB or other governing
authority if applicable.
. Initiates attendance at job related seminars and keeps up to date with the industry's best practices.
. Other projects and duties as assigned.
Supervisory Responsibilities
Supervises staff in the accounting department. Carries out supervisory responsibilities in accordance with
the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training
employees planning, assigning, and directing work appraising performance rewarding and disciplining
employees addressing complaints and resolving problems.
Client Responsibilities
This is an internal and external client facing position that requires excellent customer service skills and
interpersonal communication skills (listening/verbal/written). One must be able to Respond promptly to client
needs Solicit client feedback to improve service Respond to requests for service and assistance from
clients Meet commitments to clients Manage difficult or emotional client situations.
Travel - This position requires occasional travel such as attending various local conferences and meetings
as well as inventory observations/counts at remote MedImpact sites.
Minimum competencies Reasoning Ability
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited
standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or
schedule form.
Mathematical Skills
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of
plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios,
and proportions to practical situations.
Language Skills
Ability to read, analyze, and interpret general business periodicals, professional journals, technical
procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure
manuals. Ability to effectively present information and respond to questions from groups of managers,
clients, customers, and the general public.
Competencies To perform the job successfully, an individual should demonstrate the following
competencies:
. Adaptability - Adjusts quickly to evolving situations by integrating new information, remaining flexible,
recognizing, and implementing necessary changes and taking advantage of opportunities presented by
new developments.
. Business Knowledge - Demonstrates clear understanding of the nature of the business -- its products
and services, goals, market, competitors, and challenges.
. Change Management - Exemplifies a positive, proactive response to change, fully grasps and articulates
the envisioned results of the change process, keeps others informed about events and trends that may
impact the organization, and involves others in the change process to maximize buy-in and minimize
stress.
. Communication - Expresses self clearly and effectively in face-to-face interactions, presentations, and
written documents, and employs active listening skills to ensure productive interactions.
. Decision-making - Gathers input from affected parties and available experts, assesses risks and
benefits, and makes timely decisions based on sound reasoning.
. Interpersonal Effectiveness - Demonstrates good people skills by showing a commitment to teamwork,
resolving conflicts effectively and with respect for others' viewpoints, respecting differences and building
strong relationships and networks.
. Management - Manages for results, delegates skillfully with appropriate follow-up, manages change
processes, employs effective negotiation skills, and uses sound strategies for decision-making and
problem-solving.
Minimum qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The
requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable
accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
Bachelor's degree in Accounting, Finance, Business, or related degree (or equivalent combination of
education and experience) along with 5+ years related experience. Public Accounting and/or prior
management experience preferred. Establishes system controls for new financial systems and develops
procedures to improve existing systems.
Computer Skills
To perform this job successfully, an individual should have a working knowledge of Microsoft Office, MS
Outlook, MAS500 (or latest version) and/or related Accounting Software used by larger corporations such as
Oracle EBS or similar.
Special Skills and Certifications
CPA preferred, but not required.