Accounting Director - Ventures

Job Description:

This position prepares accurate and timely financial statements and reports for internal parties (e.g., senior management, Board of Directors); manages the monthly financial close process for Intermountain Ventures, LLC and subsidiaries (Ventures) and Intermountain Health Care, Inc.’s Treasury Accounting functions; manages the annual audit of the financial statements of Ventures (including standalone subsidiary audits, as applicable); provides analysis and support for technical accounting areas; participates in job-related internal control initiatives; and system-wide projects, including supporting and coordinating Accounting’s review of merger and acquisition activities.

This is a system-wide leadership role that interfaces with all levels of Intermountain management including senior management, vice presidents, chief financial officers, finance executive directors, and facility managers. The position also interfaces with Intermountain's Internal Audit Department, Legal Department, and external financial auditors. This position oversees for-profit subsidiaries and treasury accounting. This position reports to the Assistant Vice President - Accounting and directly supervises the Treasury Accounting Manager, as well as one to three additional accountants. Consolidated cash and investment portfolio of approximately $18 billion.
Job Essentials

Prepares accurate and timely financial statements and reports for internal and external users.
Prepares monthly financial statements for management.
Prepares quarterly and periodic financial statements for the Board of Directors.

Prepares and reviews presentation materials (e.g., management's discussion and analysis, PowerPoint presentations, other communications) for the Board of Directors.
Manages the monthly general ledger closing process, including variance analysis, for various facilities or business units.
Ensures that personnel are adequately trained in and adhere to the month-end close process.
Manages annual audits of financial statements of Ventures and its subsidiaries conducted by the external auditors.
Partners with external auditors to resolve technical accounting issues.
Communicates auditor requests for client prepared schedules.
Prepares annual audited statements and related disclosures in accordance with U.S. Generally Accepted Accounting Principles (GAAP) in consultation with the Assistant Vice President - Accounting, VP Finance, and external auditors.
Oversees treasury accounting functions and internal controls processes.
Provides technical accounting guidance to Finance and Accounting personnel.
Stays abreast of current accounting developments and standards and ensures that Intermountain is at the leading edge of compliance with accounting standards.
Trains Accounting and affected Finance personnel on new accounting developments and standards. Prepares personnel to implement new standards when they take effect.
Understands Intermountain's Accounting policies and procedures. Proposes new policies, procedures, and updates to these documents, as appropriate.
Oversees accounting and financial controls of the start-up subsidiaries of Intermountain Ventures, including the capture of accounting information from management services organizations and controls processes.
Directs the accounting of Intermountain’s and Ventures’ investments portfolios, including technical accounting of complex investment structures.

Assesses and analyzes risks in accounting and other financial systems. Develops, coordinates, recommends and implements appropriate solutions to manage identified risks.
Supports a strong internal control environment by promoting control consciousness among personnel through policies and procedures, monitoring activities, and training.
Serves as a Security Administrator.
Leads or participates in internal control initiatives.
Helps develop internal control policies and procedures for financial systems, as assigned.
Works with Assistant Vice President – Accounting, VP Finance, external auditors, and Internal Audit in assessing and addressing risk issues related to financial reporting.

Coordinates Accounting activities associated with mergers and acquisitions.
Authors and updates the content of applicable accounting policies and procedures published in the policies and procedures repository.
Assists with Financial Reporting Control (FRC) efforts to test, review, and improve financial reporting controls with the accounting group.

Supports Ventures Managing Directors/Partners with acquisition, divestiture and financing activities.

Oversees the accounting for equity “carry” balances of Ventures Managing Directors/Partners.
Minimum Qualifications
Master's in Accounting or a business field. Education must be obtained through an accredited institution. Degree will be verified.
Licensed Certified Public Accountant.
Seven years of professional accounting experience
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Three years of direct supervisory or management experience of staff
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Demonstrated leadership abilities in a team environment working collaboratively with others
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Experience in a role requiring self-directed outcomes while working with limited direct supervision
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Experience in a role requiring demonstrated attention to detail with excellent organizational and analytical skills. Flexible and adaptable to change
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Effective verbal, written, and interpersonal communication skills with experience communicating across all levels of an organization
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Experience using word processing, spreadsheet, internet, and e-mail, applications.
Preferred Qualifications
Four years of experience with a CPA firm with strong experience in preparing audited financial statements in accordance with U.S. GAAP
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Experience with not-for-profit healthcare accounting and financial reporting
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Experience with for-profit (e.g., start-up companies) accounting and financial reporting.
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Experience with treasury (including investments) accounting and financial reporting.
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Demonstrated experience managing an Accounting Department with accountability for department outcomes.
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Working knowledge of how to query and mine data using databases.
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Working knowledge of Intermountain's accounting information systems and financial processes.
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General understanding of healthcare and not-for-profit accounting principles and reporting requirements.

Physical Requirements:

With this position, you are eligible to participate in the Annual Pay for Performance (AP4P) Plan. This plan enables Intermountain Health to provide leaders with an additional performance compensation opportunity. The AP4P award opportunities are calculated as a percentage of your base salary. Awards are paid out based on attainment of selected Board-approved goals.

Location:

Key Bank Tower

Work City:

Salt Lake City

Work State:

Utah

Scheduled Weekly Hours:

40

The hourly range for this position is listed below. Actual hourly rate dependent upon experience. 

$57.75 - $89.14

We care about your well-being – mind, body, and spirit – which is why we provide our caregivers a generous benefits package that covers a wide range of programs to foster a sustainable culture of wellness that encompasses living healthy, happy, secure, connected, and engaged.

Learn more about our comprehensive benefits package here.

Intermountain Health is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

At Intermountain Health, we use the artificial intelligence ("AI") platform, HiredScore to improve your job application experience. HiredScore helps match your skills and experiences to the best jobs for you. While HiredScore assists in reviewing applications, all final decisions are made by Intermountain personnel to ensure fairness. We protect your privacy and follow strict data protection rules. Your information is safe and used only for recruitment. Thank you for considering a career with us and experiencing our AI-enhanced recruitment process.

All positions subject to close without notice.