Financial Reporting Director jobs in Maryland

Financial Reporting Director directs and oversees the preparation and distribution of all 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 Director confirms that entries, transactions, and accounts are accurately and properly consolidated and are included in internal and external financial statements. Advises management of trends and changes in reporting requirements and recommends best approach for any changes in reporting. Additionally, Financial Reporting Director may serve as a liaison with or oversee the work of external auditors. May direct the preparation of materials for board or shareholders. Requires a bachelor's degree of Accounting or Finance. Typically reports to top management. The Financial Reporting Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Financial Reporting Director typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)

U
SENIOR DIRECTOR OF FINANCIAL REPORTING
  • University of Maryland Medical System
  • Baltimore, MD FULL_TIME
  • Job Description

    General Summary

    Plans, manages, and directs the financial reporting and financial operations of the University of Maryland Medical System via the Financial Reporting Function of the UMMS Corporate Shared Services. Accountable for the preparation of the Medical System’s financial statements to include all of its subsidiaries and joint ventures, related financial analyses and management results reporting; performance of finance functions: accounting, reporting, fixed assets, maintenance of corporate financial records; compliance with regulatory financial reporting requirements; establishing proper internal controls, financial policies and procedures and ensuring compliance with established corporate policies and financial system implementation and maintenance. Oversees the Directors of Financial Reporting. Work is performed under general direction. Direct report to the Vice President, Corporate Finance and System Controller.

     

    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.

     

    1. Responsible for all aspects of Financial Reporting, including external GAAP basis presentation and internal management statements, as presented to all users of the Corporation’s financial statements, including but not limited to the Board of Directors, Bond Rating Agencies, Bond Investors, and Regulatory Agencies.
    2. Develop and communicate corporate financial and accounting policies to ensure compliance with all aspects of GAAP and ensures compliance with new pronouncements and requirements as mandated by various governing bodies, including but not limited to FASB, PCAOB, and SEC.
    3. Ensure adequate control over corporate assets, the accuracy of financial results and promotes an efficient and effective service delivery.
    4. Assure the accurate and timely reporting of the financial results of the Corporation to its management and executive staff.
    5. Coordinate and advise all Finance functions integral to preparation of the financial statement of the Corporation.
    6. Ensure the financial reporting needs of the organization are met in a manner that provides the necessary information to effectively manage the resources and financial operations of the Corporation in a dynamic environment.
    7. Responsible for the establishment of goals, objectives, and standards of performance; development and implementation of operating policies and procedures; interpretation and execution of compliance with relevant policies and procedures, standards, regulations and codes to personnel.
    8. Advise Vice President Corporate Finance and System Controller, Corporate Chief Financial Officer and local hospital finance executives concerning the financial affairs of the corporation and assists the Vice President Corporate Finance and System Controller and/or Chief Financial Officer in the resolution of financial matters.
    9. Assists with planning, developing and implementing financial strategies and systems necessary to meet the changing needs of the organization.
    10. Assures corporate compliance with changes in regulatory requirements to include changes in generally accepted accounting principles, governmental reporting requirements and changes in tax regulations.
    11. Coordinate and oversee the completion of the annual financial audit of the corporation.
    12. Implement, maintain and enhance financial systems to provide complete and accurate records of UMMC and UMMS assets, liabilities and financial transactions.
    13. Evaluate information system needs on an ongoing basis; maintain and direct financial reporting systems development.
    14. Serve as financial liaison between the Medical System and its affiliates to include UMAB, State of Maryland Department of Budget & Fiscal Planning, and Legislative Auditors.
    15. Perform other duties as assigned.
    Company Description

    The University of Maryland Medical System is a 14-hospital system with academic, community and specialty medical services reaching every part of Maryland and beyond. UMMS is a national and regional referral center for trauma, cancer care, Neurocare, cardiac care, women’s and children’s health and physical rehabilitation. UMMS is the fourth largest private employer in the Baltimore metropolitan area and one of the top 20 employers in the state of Maryland. No organization will give you the clinical variety, the support, or the opportunities for professional growth that you’ll enjoy as a member of our team. 

    Qualifications

    Education and Experience

    1. Master’s degree in Accounting, Finance, or related field; or a Certified Public Accountant (CPA) required.
    2. Minimum of seven years of progressively responsible experience in financial management, general accounting financial control systems.
    3. Experience in health care finance.
    4. Five years of experience in management.

    Knowledge, Skills and Abilities

    1. Advanced knowledge of general accounting principles. 
    2. Advanced skill in preparing and analyzing financial data and implementing changes to contain costs for budgetary purposes. 
    3. Advanced knowledge of federal, state and local tax regulations, particularly those related to Not for Profit Organizations.
    4. Advanced knowledge of Financial Information Management and information technology systems.
    5. Highly proficient mathematical and analytical skills.
    6. Advanced skill in recruiting, directing, monitoring, evaluating and motivating the performance of professional and management/supervisory staff.
    7. Advanced skill in implementing new programs related to increased departmental and organizational operating efficiency.
    8. Expert skill presenting findings, conclusions, alternatives and information clearly and concisely at all levels within the organization.
    9. Expert skill developing and maintaining collaborative working relationships with all levels of leadership, staff and vendors
    10. Expert analytical, conceptual thinking, planning, organizational, and problem-solving skills.
    11. Expert skill in the use of Microsoft Office Suite (e.g., Word, Excel, PowerPoint).
    12. Expert verbal, written and interpersonal communication skills.

                               

     Patient Safety

    Ensure patient safety in the performance of job functions and through participation in hospital, department or unit patient safety initiatives.

    1. Act to correct observed risks to patient safety.
    2. Report adverse events and near misses to appropriate management authority.
    3. Implement policies, procedure, and standards consistently in the performance of assigned duties.
    4. Develop effective working relationships and maintain good communication with other team members.
    5. Identify possible risks in processes, procedures, devices and communicates the same to those in charge.

     

     

    Additional Information

    All your information will be kept confidential according to EEO guidelines.

  • 26 Days Ago

U
SENIOR DIRECTOR OF FINANCIAL REPORTING
  • University of Maryland Medical System
  • East Case, MD CONTRACTOR,FULL_TIME
  • Job Description General Summary Plans, manages, and directs the financial reporting and financial operations of the University of Maryland Medical System via the Financial Reporting Function of the UM...
  • 9 Days Ago

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Director, Financial Reporting and SOX Compliance
  • MacroGenics
  • Rockville, MD FULL_TIME
  • MacroGenics is a leader in the discovery and development of innovative medicines that utilize our next generation antibody-based technologies. Our team of 350 dedicated individuals is advancing a pipe...
  • 1 Day Ago

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Financial Reporting
  • DARCARS Automotive Group
  • Bethesda, MD FULL_TIME
  • RECENT COLLEGE GRADS ENCOURAGED TO APPLY!!Potential Earning Based on experience of 48K Position Summary:This role performs financial reporting. Advanced Excel skills required. No other experience nece...
  • 15 Days Ago

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Financial Reporting Accountant
  • IonQ
  • College Park, MD FULL_TIME
  • IonQ is developing the world's most powerful full-stack quantum computer based on trapped-ion technology. We are pushing past the limits of classical physics and current supercomputing technology to u...
  • 20 Days Ago

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Senior Accountant-Financial Reporting
  • Cordia Resources by Cherry Bekaert
  • Rockville, MD FULL_TIME
  • Cordia Resources is currently seeking a highly skilled and motivated Senior Accountant. If you are an experienced professional with expertise in ERP systems and a strong background in financial accoun...
  • Just Posted

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Associate Director, Financial Reporting
  • IDR Healthcare
  • Boston, MA
  • Associate Director of Financial Reporting IDR is seeking an Associate Director of Financial Reporting to join one of our...
  • 3/27/2024 12:00:00 AM

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Senior Accountant
  • Western Alliance Bancorporation
  • Phoenix, AZ
  • Job Title: Senior Accountant Location: CityScape What you'll do: The Senior Accountant role will be responsible for assi...
  • 3/27/2024 12:00:00 AM

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Financial Reporting Director
  • Axient
  • Huntsville, AL
  • **Overview** Axient is looking for a **Financial Reporting Director** that is a Senior level manager in a corporate role...
  • 3/26/2024 12:00:00 AM

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Director, Accounting & Financial Reporting
  • Grace Pacific LLC
  • Kapolei, HI
  • PRINCIPAL DUTIES: Manage Accounting & Financial Reporting staff (includes payroll) of all Grace Pacific entities. Overse...
  • 3/26/2024 12:00:00 AM

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Director of Financial Reporting, Physician Practice Services
  • Community Health System
  • Franklin, TN
  • Job Description Community Health Systems is one of the nation's leading healthcare providers. Developing and operating h...
  • 3/26/2024 12:00:00 AM

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Financial Systems Support Manager
  • Oldcastle APG
  • Atlanta, GA
  • Oldcastle APG, a CRH Company, is the leading provider of outdoor living solutions in North America with an award-winning...
  • 3/26/2024 12:00:00 AM

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Director of Financial Reporting
  • JCW Group
  • Stamford, CT
  • JCW is currently recruiting on behalf of a global specialty insurer with a growing US presence. As a senior member of th...
  • 3/25/2024 12:00:00 AM

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Financial Reporting Manager
  • Oldcastle APG
  • Atlanta, GA
  • Oldcastle APG, a CRH Company, is the leading provider of outdoor living solutions in North America with an award-winning...
  • 3/24/2024 12:00:00 AM

Maryland (US: /ˈmɛrələnd/ (listen) MERR-əl-ənd) is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east. The state's largest city is Baltimore, and its capital is Annapolis. Among its occasional nicknames are Old Line State, the Free State, and the Chesapeake Bay State. It is named after the English queen Henrietta Maria, known in England as Queen Mary. Sixteen of Maryland's twenty-three counties border the tidal waters of the Chesapeake Bay estuary and...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Financial Reporting Director jobs
$169,058 to $238,085

Financial Reporting Director in Terre Haute, IN
SOA Financial Reporting Section members enjoy digital content of The Financial Reporter monthly; resources that include FR research project results, access to US GAAP textbook spreadsheets and other links of interest; discounts to all section-sponsored webcasts; access to past section-sponsored webcast recordings (one year or older); and a member-only LinkedIn discussion board.
January 15, 2020
Financial Reporting Director in Waco, TX
Low-quality financial reporting contains inaccurate, misleading, or incomplete information.
February 15, 2020
Financial Reporting Director in Champaign, IL
But considering the number of stakeholders involved and statutory & other regulatory requirements, Financial Reporting is a very important and critical task of an organization.
December 08, 2019