To be part of our organization, every employee should understand and share in the YNHHS Vision, support our Mission, and live our Values. These values-integrity, patient-centered, respect, accountability, and compassion - must guide what we do, as individuals and professionals, every day.
This position reports to the Sr. Manager-Financial Transactions in the Corporate Finance Department and is primarily responsible for implementing and administering the organization?s transactional vendor payment strategies. This includes becoming the transactional subject matter expert in Accounts Payable for card programs, in house and third party ACH and remittance transactions and check payment processes, with responsibility for driving payment industry best practices. The position will liase and coordinate efforts with Corporate Supply Chain, Corporate Contracting, Treasury and IT as well as our banking partners and vendors to realize organizational payment goals and provide management reporting and metrics to monitor progress and opportunities. Additionally the position will be providing accounting, financial, analytical and developmental support in the preparation of routine financial transactions and sundry reports for various Yale New Haven Health System affiliates. Work in conjunction with Corporate Supply Chain, Corporate Contracting and Treasury to assess and implement various revenue/cost savings initiatives.
Responsibilities: 1. Identify and analyze new revenue source through vendor history, payment terms and relationships. 2. Analyze and identify any inherent health system risks in payment choice to vendors. 3. Partner with Treasury, Banks, IT, Purchasing, Accounting and Accounts Payable to leverage ongoing participation of vendors in alternative payment options (i.e. single use card, ACH, Wires), by working closely with transaction teams (i.e., buyers, contracting, legal, IT) throughout the entire transaction process 4. Participate in testing, verification, implementation, and support of new and existing Treasury Management products and services. 5. Overall, financial responsibility for an efficient operation of payment method related responsibilities in Accounts Payable including vendor and departmental relations. 6. Develops, implements and maintains procedures, including accounts payable functions and cash management to ensure adherence to company guidelines including development of department procedures and monitor for adherence to policy and audit requirements. 7. Work with intercompany/accounting team to track and post intercompany transactions for earned rebate allocation for each applicable YNHHS entities. 8. Communication with Accounts Payable and treasury office to obtain invoice status and scheduled payment dates. Communicate with Corporate Supply Chain on issues which require their attention in order to facilitate timely payment. 9. Analyzes expense data to assist the business and finance teams with developing cost containment strategies and identifying opportunities to improve profitability and process efficiency. 10. Prepares monthly, quarterly, and other period-based financial reporting such as variances to plan and forecast, and coordinate timely distribution to appropriate stakeholders. 11. Prepares and tracks key performance indicators, other metrics, and business or operational trend data to support dashboards and other management reporting tools 12. Identifies financial status by comparing and analyzing actual results with plans and forecasts by developing quality success measurements. 13. Help with long-term planning process to take advantage of new opportunities with vendor spend 14. Identify and establish key metrics and analytics (daily, weekly, monthly or annual) to assist with the monitoring operational results 15. Identify improvements for existing processes and internal/external systems through collaboration with other departments 16. Acts a strategic point of contact for YNHHS card program(s), manages and monitor the program on a routine basis 17. Serves as escalation point of contact for other servicing areas within the card program. 18. Works closes with card program administrator and vendors to resolve any payment discrepancies in a timely and effective manner. 19. Promote the Health System's philosophy of improved customer relations. 20. Perform other duties as necessary as directed by manager and/or any member of the Sr. Leadership team to meet the demands of the department/organization. 21. Work with Internal Audit/Compliance departments and YNHHS preferred external audit firm in preparing reports for any audit testing.
Bachelor's degree in Accounting or Finance is required. Advanced degree preferred.
The position requires three to five (3-5) years of demonstrated experience, understanding of financial operational procedures and processes, including financial statement preparation, accounts payable and internal controls. A strong working knowledge of financial reporting functions is preferred. Demonstrated ability to coordinate and facilitate operational change in a complex environment with diverse agendas is required.
Minimum three to five years? experience with general accounting, financial reporting and accounts payable. This position will coordinate activities and resources required in meeting tasks and objectives between multiple entities who have significant autonomous decision-making authority and the ability to effectively coordinate these resources is necessary to achieve deliverables. Effective written, listening, and oral communication skills are required. Must have strong interpersonal, problem solving, and time management skills. Demonstrates integrity and ethics in dealings with others (e.g. employs honesty, trust and absence of hidden agendas; fulfills obligations /commitments, maintains presence and professionalism). Values and treats others with respect, fairness and courtesy; values the ideas of others and capitalizes upon individual differences to create a work environment that better represents the goals, standards, and objectives of the department and the organization.
Communicates with personnel within and outside the Health System on accounts payable and card program initiatives.