Senior Director Of Financial Reporting

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.