Executive Director - Assistant Controller

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JOB SUMMARY This paragraph summarizes the general nature, level and purpose of the job. Reporting to the Vice President and Controller, the Assistant Controller is responsible and accountable for the performance of the accounting and financial reporting aspects of the Controllership function for Stanford Medicine Children's Health, which includes Lucile Salter Packard Children's Hospital at Stanford (LPCH), Faculty Practice Organization (FPO), Packard Children's Health Alliance (PCHA), Lucile Packard Foundation for Children's Health (LPFCH), and Packard Medical Group (PMG) and reporting only for Lucile Packard Foundation for Children's Health (LPFCH). Responsible for the accounting operations including treasury, general accounting, intercompany accounting (including shared and purchased services budgeting), revenue and reimbursement, property, plant, and equipment (including capital budgeting), restricted funds, and financial reporting including benchmarking, operational reporting, management reporting, tax returns, quarterly and annual financial statements, external bond reporting, and other financial activities in the accounting and reporting function. Directs processes required to complete the timely and accurate closing of the business cycle. Assists the Controller in the development, implementation, and maintenance of policies, objectives, and short- and long-range planning. Oversees and provides direction for implementing new financial reporting and automation systems. Directs the preparation of financial and management reports and procedures. Collaborates with internal and external stakeholders to establish efficient processes, workflows, and policies. Establishes priorities for accounting functions. ESSENTIAL FUNCTIONS The essential functions listed are typical examples of work performed by positions in this job classification. They are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Employees may also perform other duties as assigned. Employees must abide by all Joint Commission Requirements including but not limited to sensitivity to cultural diversity, patient care, patient rights and ethical treatment, safety and security of physical environments, emergency management, teamwork, respect for others, participation in ongoing education and training, communication and adherence to safety and quality programs, sustaining compliance with National Patient Safety Goals, and licensure and health screenings. Must perform all duties and responsibilities in accordance with the hospital's policies and procedures, including its Service Standards and its Code of Conduct. Provides direction and operational oversight for the accounting and reporting functions including operational oversight of managers and supervisors, executes on the Controller's strategic vision and Controllership transformation through continuous improvement, automation, streamlined processes, implementation and integration of financial systems, and collaboration with key business partners to support the needs of the growing organization. Manages multiple teams in the Controller's Office to ensure achievement of functional and budget/financial goals. Prioritizes resources and recommends strategies for implementing additional resources. Oversees the preparation fiscal and budget reports for internal management; develops projections and analysis with recommendations and conclusions for management. Directs the preparation of Board reporting, financial statements, tax returns, cost reports, and all other financial reporting in a timely and accurate manner. Develops annual operating budgets and provides fiscal direction to the department. Ensures balance sheet account reconciliations are completed monthly, reviews and ensures reconciling items are resolved in a timely manner, including consultation with the Controller for all unusual items. Ensures financial records systems are maintained in accordance with generally accepted accounting principles (GAAP), and recommends and implements changes, when necessary or required by changes in GAAP, inclusive of responsibility for technical accounting memos and analysis to ensure compliance with guidance. Ensures that documented agreements are in place to support inter-entity transactions for LPCH and PCHA with Stanford University (SU), Stanford Medicine Healthcare (SHC), and LPFCH. Responsible for accounting of such transactions, including ensuring the transactions are balanced to ensure appropriate eliminations within the LPCH consolidated entity (as it relates to LPFCH) and with the SU consolidated entity(as it relates to SU and SHC). Oversees the recording, reviewing, approving, and transmitting of financial transactions in accordance with regulatory and internal controls. Approves transactions that are beyond the scope of managers and supervisors. Provides analyses for management review to determine financial adjustments required to res

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