Controller, Pharmacy: Mount Sinai Health System; Full Time; Days

Job Description

Controllership to lead the accounting functions necessary for 340B Pharmacy and related service offerings such as Distribution Models. Direct functions in areas of responsibility which include: Accounting, Reporting & Financial Analysis; Revenue & Cost Accounting & Reimbursement Reserve Analysis and Documentation; Internal Control; Forecast and Budget; Cash; Financial Information Systems; Financial Compliance; and External Auditors.

Responsibilities

Direct staff in the areas of responsibility:

• Provide leadership to staff and establish goals, projects and initiatives.
• Oversee the productivity level of staff to maximize efficiency, assure adequate staffing levels, and control costs.
• Oversee recruitment, interviewing and hiring of staff.
• Oversee orientation of new staff, ongoing education of current staff.
• Identify training needs of personnel, and develop and coordinate training programs

Manage financial services that support division/entity operations including revenue and costs, fixed asset, inventory, accounts receivable, and liabilities. Direct functions that:

• Ensure the accurate, complete, consistent and timely recording of accounting transactions
• Maintain supporting records, reconciliation's and documentation.
• Prepare financial reports for applicable boards, management and operational management highlighting significant variances, trends and issues.
• Manage finance and accounting processes to ensure the systems are in place and coordinated appropriately to develop and implement new business lines
• Coordinate Income Statement functions to accounting and finance needs are defined and met.
• Review issues/opportunities with management and operations analysis staff and implement improvements
• Apply knowledge of current accounting and financial reporting standards to ensure accounting records comply with Generally Accepted Accounting Principles and Corporate policies.
• Track and report balance sheet activity to demonstrate management of working capital and return on investment
• Prepare financial calculations of capital requests including capital outlay and Internal Rate of Return and maintain capital records
• Perform financial analysis of business lines
• Coordinate internal and external audits

Direct functions that ensure appropriate revenue accounting:

• Monthly revenue & discount accounting
• Balance sheet reserve analysis
• Billing system posting to GL & revenue reports
• External financial audit related to discounts & reserves
• Budgeting assistance & variance analysis relating to revenue & discounts

Manage/oversee functions related cash/ cash reconciliation/banking:

• Cash collections and deposits
• Cash reporting and reconciliation

Direct all accounting functions related to 340B pharmacy under indirect direction of Senior Director 340B Pharmacy. 340B accounting may entail non Contract Pharmacy services retail, specialty and infusion inventory including:

• Direct preparation and support presentation of budgets, forecasts and long-range plans.
• Ensure accurate recording of Sentry invoicing and Accounts Receivable Management
• 340B Pharmacy labor and non-labor expenses
• Establish & monitor internal controls, as needed.
• Manage accounting for complex revenue cycle and reserve requirements.
• Insure accounting internal control for business office processes including: financial arrangements, billing, follow-up and collections, and posting of payments.
• Ensure proper accounting controls and reserves are documented for proper recording of assets, liabilities, discount expense, bad debt expenses for transactions related to business offices operations

Maintain excellent working relationship with internal and external customers, particularly pharmacy management:

• Maintain excellent working relationship with peers within Corporate Accounting, Corporate Internal Audit, Corporate Treasury and other MSHS entities and departments.
• Maintain professional and technical knowledge by such methods as studying healthcare accounting practices

Direct and monitor internal control systems, policies and procedures and perform follow-up audits as necessary:

• Support the integration and standardization of MSHS accounting and reporting policies, procedures and practices.
• Implement and monitor internal control systems, policies and procedures and perform follow-up audits as necessary.
• Analyze and evaluate the results and make recommendations to pharmacy and finance leadership
• Apply applicable internal control guidelines

Qualifications

• BS - Accounting required.
• MBA preferred.
• Seven years accounting/financial experience with three years specific industry experience in a leadership role in a rapid growth environment of retail, specialty, and infusion pharmacy.
• Minimum of two years management responsibility of finance staff. Big Four accounting firm external audit and internal control experience for multi-business stand-alone entities.
• Strong leadership, accounting, finance, IT, employee engagement, people management skills, internal and external customer relation skills. Strong interpersonal relations, excellent verbal and written communication skills. System thinker with the ability to work in a fast-paced environment.
• CPA

Compensation Statement

The Mount Sinai Health System (MSHS) provides salary ranges that comply with the New York City Law on Salary Transparency in Job Advertisements. The salary range for the role is $.00 - $.00 Annually. Actual salaries depend on a variety of factors, including experience, education, and operational need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits.

Non-Bargaining Unit, 600 - HSO Pharmacy - MSH, Mount Sinai Hospital

About Us

Strength through Unity and Inclusion

The Mount Sinai Health System is committed to fostering an environment where everyone can contribute to excellence. We share a common dedication to delivering outstanding patient care. When you join us, you become part of Mount Sinai's unparalleled legacy of achievement, education, and innovation as we work together to transform healthcare. We encourage all team members to actively participate in creating a culture that ensures fair access to opportunities, promotes inclusive practices, and supports the success of every individual.

At Mount Sinai, our leaders are committed to fostering a workplace where all employees feel valued, respected, and empowered to grow. We strive to create an environment where collaboration, fairness, and continuous learning drive positive change, improving the well-being of our staff, patients, and organization. Our leaders are expected to challenge outdated practices, promote a culture of respect, and work toward meaningful improvements that enhance patient care and workplace experiences. We are dedicated to building a supportive and welcoming environment where everyone has the opportunity to thrive and advance professionally. Explore this opportunity and be part of the next chapter in our history.

About the Mount Sinai Health System:

Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with more than 48,000 employees working across eight hospitals, more than 400 outpatient practices, more than 300 labs, a school of nursing, and a leading school of medicine and graduate education. Mount Sinai advances health for all people, everywhere, by taking on the most complex health care challenges of our time - discovering and applying new scientific learning and knowledge; developing safer, more effective treatments; educating the next generation of medical leaders and innovators; and supporting local communities by delivering high-quality care to all who need it. Through the integration of its hospitals, labs, and schools, Mount Sinai offers comprehensive health care solutions from birth through geriatrics, leveraging innovative approaches such as artificial intelligence and informatics while keeping patients' medical and emotional needs at the center of all treatment. The Health System includes more than 9,000 primary and specialty care physicians; 13 joint-venture outpatient surgery centers throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and more than 30 affiliated community health centers. We are consistently ranked by U.S. News & World Report's Best Hospitals, receiving high "Honor Roll" status, and are highly ranked: No. 1 in Geriatrics, top 5 in Cardiology/Heart Surgery, and top 20 in Diabetes/Endocrinology, Gastroenterology/GI Surgery, Neurology/Neurosurgery, Orthopedics, Pulmonology/Lung Surgery, Rehabilitation, and Urology. New York Eye and Ear Infirmary of Mount Sinai is ranked No. 12 in Ophthalmology. U.S. News & World Report's "Best Children's Hospitals" ranks Mount Sinai Kravis Children's Hospital among the country's best in several pediatric specialties. The Icahn School of Medicine at Mount Sinai is ranked No. 11 nationwide in National Institutes of Health funding and in the 99th percentile in research dollars per investigator according to the Association of American Medical Colleges. Newsweek's "The World's Best Smart Hospitals" ranks The Mount Sinai Hospital as No. 1 in New York and in the top five globally, and Mount Sinai Morningside in the top 20 globally.

Equal Opportunity Employer

The Mount Sinai Health System is an equal opportunity employer, complying with all applicable federal civil rights laws. We do not discriminate, exclude, or treat individuals differently based on race, color, national origin, age, religion, disability, sex, sexual orientation, gender, veteran status, or any other characteristic protected by law. We are deeply committed to fostering an environment where all faculty, staff, students, trainees, patients, visitors, and the communities we serve feel respected and supported. Our goal is to create a healthcare and learning institution that actively works to remove barriers, address challenges, and promote fairness in all aspects of our organization.