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Director, Accounting

Description

  

The Why Behind Wellvana: 


The healthcare system isn’t designed for health. We’re designed to change that.
 

We’re Wellvana, and we help doctors deliver life-changing healthcare.
 

Through our high-touch approach to value-based care, we're moving beyond fee-for-service and helping tie the healthy outcomes of patients directly to healthier profitability for providers and health systems.
 

Providers in our curated network keep their independence, reduce their administrative headaches, and spend more time with patients. Patients, in turn, get an elevated experience with coordinated care that is nothing short of life changing.
 

Named a Best Place to Work by Nashville Business Journal and featured in Insider’s 33 startups “investors expect to take off in 2023,” we’re one of the fastest-growing companies in America because what we do works.

This is the way medicine is meant to be.


Clarity on the Role:


Wellvana is looking for a Director of Accounting to lead general ledger accounting, treasury / accounts payable, and the financial reporting process. The Director of Accounting will report to the VP, Accounting & Controller, and will focus on the monthly accounting process, preparing financial statements, and developing internal controls. 


What's Expected:

  • General Ledger Accounting and financial reporting
  • Lead the monthly accounting close cycle through the financial review process. Execute a reduction plan for number of days in the close cycle
  • Manage accounts payable process from invoice receipt thru payment cycle
  • Preparation of financial statements and workbook for executive leadership team including footnotes, MD&A, and disclosures
  • Drive improvements in weekly treasury planning / cash forecasts
  • Comprehensive involvement with outside auditors for all aspects of the annual audit
  • Improve Mineral Tree procure to pay system to provide improved business spend management
  • Assist with external tax team requests and annual filings
  • Develop and execute SOX controls along with internal controls over financial reporting
  • Research and implement new accounting standards and other financial reporting guidance
  • Build accounting process narratives and control matrix
  • Review monthly balance sheet account reconciliations
  • Valuation testing for goodwill / intangible impairments, long-lived asset impairments, share-based award valuation, and business acquisitions / divestitures
  • Lead the annual audit engagement with outside auditors
  • Stay informed about changes in accounting regulations and industry best practices
  • Review payor contracts and translate to revenue accruals on a monthly basis – determine partial risk versus full risks practice changes and track the economics
  • Communicate complex financial information to non-financial stakeholders
  • Own and automate the weekly practice payments process for physician compensation
  • Focus on process improvements and automation opportunities
  • Hire, train, and develop the accounting team with scheduled touchpoints, listening sessions, goal reviews and career guidance planning

Requirements

  • Integrity: The right way is the only way. 
  • Dependability: You do what you say you’re going to do. 
  • Advocacy: You fight for the best possible outcome for providers and their patients. 
  • Clarity: You make it all understandable. 
  • Bachelor’s degree
  • CPA preferred
  • Big 4 experience preferred
  • Healthcare experience preferred
  • Expert in Microsoft Excel
  • Ability to effectively communicate with various levels of staff
  • Strong interpersonal and relationship building skills to support collaboration at all levels of the organization
  • Excellent written, verbal, and presentation skills

Average salary estimate

$125000 / YEARLY (est.)
min
max
$100000K
$150000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Director, Accounting, Wellvana

Join us at Wellvana as the Director of Accounting, where we're on a mission to transform healthcare into a system that prioritizes health over profit. Located in vibrant Nashville, Tennessee, this leadership role will support our vision by overseeing all aspects of general ledger accounting, treasury management, and financial reporting. You will work closely with our VP of Accounting & Controller, leading the monthly accounting close process while ensuring clarity and precision in financial statements and disclosures prepared for our executive leadership team. Your expertise will drive improvements in our accounting practices and contribute to better cash forecasting and treasury planning. We pride ourselves on our high-touch approach to value-based care, and your work will directly support our mission by streamlining processes, enhancing automation, and ensuring exemplary financial transparency. With an emphasis on compliance, you will manage external audits, develop SOX controls, and research new accounting standards to keep us ahead of the curve. Additionally, you’ll have the opportunity to lead and develop a dynamic accounting team, fostering a collaborative environment rooted in integrity, dependability, and advocacy for our providers and patients alike. Come and help us create life-changing healthcare solutions while achieving new heights in your accounting career with Wellvana.

Frequently Asked Questions (FAQs) for Director, Accounting Role at Wellvana
What are the key responsibilities of the Director, Accounting at Wellvana?

The Director, Accounting at Wellvana is responsible for general ledger accounting, financial reporting, and overseeing the monthly close cycle. Key responsibilities include preparing financial statements, improving treasury planning, managing accounts payable, and collaborating with outside auditors during annual audits. The role also involves developing internal controls, conducting research on new accounting standards, and optimizing procurement systems to enhance business spend management.

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What qualifications are required for the Director, Accounting position at Wellvana?

To qualify for the Director, Accounting role at Wellvana, candidates should have a Bachelor’s degree and CPA certification is preferred. We value candidates who possess Big 4 experience and have a background in healthcare finance. Proficiency in Microsoft Excel and strong communication skills are also crucial, as the role requires effective collaboration with various staff levels and clear communication of complex financial information.

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How does Wellvana support professional development for the Director, Accounting?

At Wellvana, we believe in continuous learning and growth. The Director, Accounting will have the privilege to build and develop an accounting team through scheduled touchpoints, listening sessions, and career guidance planning. Professional development is a core value at our company, and we encourage our leaders to pursue training and certifications that elevate both their careers and the team’s capabilities.

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What is the work culture like for the Director, Accounting at Wellvana?

The work culture at Wellvana is defined by our core values of integrity, dependability, and advocacy. As the Director, Accounting, you'll be part of a supportive team that prioritizes collaboration and clear communication. We foster an environment where employees can express ideas and pursue innovative solutions, making it a fulfilling workplace for leaders in the finance sector.

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What impact does the Director, Accounting have on Wellvana's mission?

The Director, Accounting plays a vital role in Wellvana's mission by ensuring accurate financial management and reporting, which supports our value-based care initiatives. Through effective financial strategies and improvements in accounting processes, this position directly contributes to our overall goal of delivering life-changing healthcare while enhancing profitability for providers.

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Common Interview Questions for Director, Accounting
Can you describe your experience with leading the monthly accounting close cycle?

In responding to this question, highlight specific examples of how you've managed monthly close processes in past roles, focusing on your strategies for reducing close time and ensuring accuracy in financial reporting. Discuss your methods for communicating progress with stakeholders and how you approach training your team members in the close process.

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How do you prioritize accuracy and compliance while managing financial reporting?

Emphasize the importance of establishing robust internal controls and regular audits in your approach. Describe your experience implementing SOX controls and share techniques you've used to stay updated on accounting regulations. Highlight your focus on clear communication and collaboration with team members to ensure compliance and accuracy.

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What strategies do you use for cash forecasting and treasury planning?

Discuss the tools and methodologies you have used in the past to perform effective cash forecasting. Provide examples of how you collaborate with finance teams to analyze cash flow trends and make informed decisions. Mention any specific software you’re familiar with that aids in treasury management.

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How have you improved financial processes in your previous roles?

Provide concrete examples of process improvements you've implemented, such as automating invoice handling or enhancing reporting systems. Discuss the impact these improvements had on team efficiency, accuracy, and overall financial health, emphasizing your ability to lead change effectively.

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What measures do you take to ensure clear communication with non-financial stakeholders?

Share your techniques for breaking down complex financial information into understandable formats, such as visual aids or simplified summaries. Highlight your experience in presenting financial reports to executive teams and how you engage with non-financial staff to keep them informed and involved in financial matters.

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Describe a challenging accounting project you led and how you overcame obstacles.

Think of a specific project where you faced significant challenges such as tight deadlines or regulatory changes. Explain the strategies you enacted to navigate these challenges, focusing on your leadership skills and teamwork. Conclude with the positive outcome that resulted from your efforts.

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How do you handle discrepancies in financial reports?

Outline your systematic approach to identifying and resolving discrepancies, including in-depth analysis of account reconciliations or audits. Discuss how you communicate these issues with your team and how you work collaboratively to implement corrective measures.

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What role do you believe technology plays in accounting today?

Discuss the significance of technology in streamlining accounting processes, enhancing accuracy, and improving efficiency. Mention specific tools or software that you have successfully implemented in previous roles and how they contributed to better financial management.

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How would you ensure strong team dynamics in your accounting department?

Talk about your commitment to creating a supportive team environment through regular feedback sessions, open communication, and professional development opportunities. Share specific examples of how you’ve built rapport with team members and promoted collaboration in past positions.

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How do you stay updated on new accounting standards and industry trends?

Share the resources and networks you utilize to stay informed about changes in accounting standards and best practices. Mention professional associations, continuing education courses, and how you apply this knowledge to enhance compliance and financial strategies within your team.

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EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
April 8, 2025

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