Job Summary
The Senior Manager of Accounting (SMA) plays a key role in the accounting and financial reporting functions of Michigan Medicine's Academic Medical Center (AMC), with particular emphasis on the Shared Services functions across the Health System. The SMA manages the method of allocating expenses to the clinical enterprises and Medical School and develops and implements integration plans to consolidate central corporate services across the enterprise, creating efficiencies and building productive, versatile, cross-system teams. Reporting to the Health System Senior Director of Accounting, the AM serves as a member of the Finance management team.
Responsibilities*
Primary Roles and Responsibilities
The SMA performs the following responsibilities:
- Overseeing month-end close processes for the AMC and Shared Services departments, including journal entry review and preparation of financial reports. The AM will lead performance assessment and accounting treatment discussions with the Senior Director of Accounting, Associate Chief Financial Officers, the Michigan Medicine CFO, and other members of the senior leadership team (Vice Presidents of Finance, Chief of Revenue Cycle, Chief of Contracting and Managed Care, Senior Director of Reimbursement), highlighting key variances and operational drivers.
- Coordinating the annual operating budget process for the Shared Services departments to align with Michigan Medicine's strategic and operational plans, collaborating with the Senior Director of Financial Planning and Analysis, and coordinating budgets spanning the Academic Medical Center (AMC), Regional Health Network, and School of Medicine. Providing frequent, clear, consistent, communication around timing and assumptions.
- Leading integration efforts between the AMC and Regional Health Network (building a framework for a central corporate service across all clinical, education, and research sites, as well as contributing to Enterprise Resource Planning System implementation and acting as a team member and advocate for Michigan Medicine).
- Supporting the annual external audit process through effective working relationships with audit firm partners and staff, in coordination with the University.
- Maintaining internal financial controls, ensuring the accuracy of accounting entries, preventing waste, fraud, and abuse of financial resources, and establishing and running processes that meet external audit standards.
- Managing personnel through direct reporting relationships or through influence, ensuring best practices from the accounting staff and productive inter-company transactions with the University, and managing staff across multiple geographies and employers.
Other Responsibilities
- Serve as the manager of two direct reports: Finance and Business Analysts.
- Build strong, positive relationships with key administrative and clinical leaders throughout Michigan Medicine and the University, firmly establishing trust and credibility.
- Ensure that Michigan Medicine's resources are deployed with integrity and aligned with the goals of the clinical and academic enterprises.
- Act as a senior partner in the analysis and due diligence of existing business entities relative to restructuring, acquisitions, and/or divestitures to meet strategic objectives.
- Ensure the integrity of financial reporting systems and develop management reporting tools to enable leaders to make effective business decisions.
- Build productive relationships and promote a collaborative work environment.
- Recruit, select, and manage a staff of direct and indirect reports by professional leadership, mentoring, counseling, reorganization, and other personnel management initiatives. Set job expectations and performance standards for team members that contribute to the overall success of Michigan Medicine. Coach and mentor direct reports and others to ensure individual and organizational effectiveness.
Required Qualifications*
Education
The SMA is required to hold a bachelor's degree in accounting, business or public administration, finance, health administration, public health, health economics, or a related field from an accredited institution of higher education.
Experience
The SMA possesses:
A minimum of 8 years of successful, progressive experience leading a finance function within the health care industry (experience with academic health systems or affiliates preferred).
Experience with risk management in a complex, multi-hospital, and geographically dispersed clinical enterprise.
Exposure to scaling accounting processes and systems in response to hospital or health system acquisitions, partnerships, affiliations, and joint ventures.
A strong business orientation with the ability to go beyond the numbers
Helps the senior executive team identify and develop opportunities for optimizing assets and strengthening the organization's financial performance.
An ability to be highly strategic, agile, and able to handle complex business and risk issues.
Solid expertise in building a financial team that has its eye on the future and is responsive to its constituencies.
Strong executive presentation skills, including the ability to influence, negotiate, and communicate effectively at all levels.
A collaborative leadership style through direct, open, and honest communications.
A history of success working with multiple constituencies and within layered governance structures.
Desired Qualifications*
A master's degree in a similar discipline is preferred.
Why Join Michigan Medicine?
Michigan Medicine is one of the largest health care complexes in the world and has been the site of many groundbreaking medical and technological advancements since the opening of the U-M Medical School in 1850. Michigan Medicine is comprised of over 30,000 employees, and our vision is to attract, inspire, and develop outstanding people in medicine, sciences, and healthcare to become one of the world?s most distinguished academic health systems. In some way, great or small, every person here helps to advance this world-class institution. Work at Michigan Medicine and become a victor for the greater good.
What Benefits can you Look Forward to?
- Excellent medical, dental, and vision coverage effective on your very first day
- 2:1 Match on retirement savings
Modes of Work
Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.
Background Screening
Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third-party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.
Application Deadline
Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled at any time after the minimum posting period has ended.
U-M EEO Statement
The University of Michigan is an equal employment opportunity employer.