Sr. Manager, Revenue Accounting

$120,000 - $150,000/Yr

Aspen Dental - Chicago, IL

posted 4 months ago

Full-time - Mid Level
Chicago, IL
5,001-10,000 employees
Ambulatory Health Care Services

About the position

Aspen Dental Management, Inc. (ADMI) is seeking a Senior Manager for Revenue Accounting to join our accounting team. This position is pivotal in managing key financial processes related to patient revenue recognition, gross and net accounts receivable (AR), and cash collection. The Senior Manager will oversee one associate and will be responsible for advancing and ensuring a solid, data-driven foundation for revenue cycle management, which directly impacts the financial statements. This role will also involve building tools and reporting mechanisms that enable the revenue accounting team to monitor business performance more effectively. Collaboration with the Revenue Cycle Management (RCM) and IT teams is essential for the development of future tools and systems. The ideal candidate will be comfortable working with data, influencing stakeholders, and understanding the needs of business partners. Proficiency in current software tools such as PowerBI, Alteryx, and SQL is required. A fundamental understanding of revenue recognition in accordance with company and accounting standards, particularly ASC 606, is also necessary. This position offers flexibility in work location, allowing for a balance between in-office and remote work. As a Senior Manager, you will become proficient with the end-to-end revenue to cash cycle, including all systems, tools, and vendor solutions utilized in the process. You will lead the design and development of data visualization dashboards that analyze key aspects of the RCM cycle, ensuring the accuracy of revenue recognition and related allowances. Your role will involve conducting in-depth financial analyses to identify trends and areas for improvement, as well as overseeing the accuracy of revenue mapping between various systems. You will also be responsible for reviewing bad debt reserve methodologies and acting as a key member for external audits and due diligence requests.

Responsibilities

  • Manage one associate and oversee key financial processes related to patient revenue recognition, gross and net AR, and cash collection.
  • Become proficient with the end-to-end revenue to cash cycle and all systems, tools, and vendor solutions utilized.
  • Lead the design and development of data visualization dashboards that analyze key aspects of the end-to-end RCM cycle.
  • Ensure company policy and generally accepted accounting principles for revenue recognition are consistently applied through data analytics.
  • Oversee and review the accuracy of revenue mapping between front-end systems, data warehouses, and the general ledger.
  • Conduct in-depth financial analysis related to accuracy of revenue streams, identifying trends, anomalies, and areas for improvement.
  • Design and implement cash collections waterfalls to support the accuracy of revenue recognition.
  • Analyze revenue and accounts receivable accounts to ensure posting and mapping accuracy.
  • Work closely with RCM and IT to set policy and best practices.
  • Analyze and recommend changes to Warranty & Deferred revenue reserves.
  • Review bad debt reserve methodology and associated calculations on a monthly basis.
  • Act as a key member for external annual audit and transaction-related due diligence requests.
  • Handle special projects and ad-hoc requests as assigned.

Requirements

  • Bachelor's degree in accounting, MIS, or related field.
  • 3+ years of experience conducting mathematical or statistical research, analysis, and modeling intelligence.
  • Public or private accounting experience within the healthcare industry, with experience in revenue cycle management preferred.
  • Knowledge of SQL reporting, Big Query, and/or Microsoft SQL.
  • Advanced proficiency utilizing data mining tools such as Alteryx, Python, SAS, and MS products.
  • Advanced proficiency utilizing BI Visualization Tools such as Power BI, Looker, and Tableau.
  • Strong analytical, written, and verbal communication skills.
  • Advanced Microsoft Office skills in Excel, PowerPoint, and Word.
  • Highly motivated self-starter with the ability to multi-task and operate independently.

Nice-to-haves

  • Master's degree in accounting, MIS, or related field.
  • Experience with Workday ERP system.

Benefits

  • Salary range of $120,000 - $150,000 + bonus opportunity.
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