Manager, Accounting

The Manager, Accounting at ModMed is responsible for overseeing the daily activities of the accounting team, including managing journal entries, supervising staff accountants, and ensuring accuracy in financial reporting. They play a critical role in the monthly close process and are tasked with monitoring financial data to produce timely statements. Additionally, they assess accounting practices, provide leadership and training to their team, and facilitate annual audits, all while ensuring compliance with company policies.

To be considered for the Manager, Accounting position at ModMed, candidates should have a Bachelor's degree in Accounting, with a Master's degree preferred. The role requires a minimum of 6 years of Public Accounting or Corporate Accounting experience, along with at least 2 years in a supervisory capacity. Knowledge of GAAP and ASC 606, as well as proficiencies in tools like Microsoft Excel, are necessary, with CPA certification and experience in the technology industry considered strong advantages.

ModMed prioritizes work-life balance for all its employees, including the Manager, Accounting position, by offering a generous benefits package. This includes flexible working arrangements, paid time off, and supportive leave policies for parental and personal needs. The company also provides a positive work environment with wellness initiatives and opportunities for professional development to help employees thrive both personally and professionally.

ModMed fosters a culture of positivity and collaboration for all its employees, including the Manager, Accounting. The company emphasizes teamwork and innovation, encouraging employees to bring their unique talents and ideas to the table. With recognition from industry accolades, employees enjoy a supportive environment that values problem-solving and creativity, all while making a significant impact in the healthcare technology space.

Candidates applying for the Manager, Accounting role at ModMed should be proficient in Microsoft Excel, with specific skills such as pivot tables, v-lookups, and macros being essential. Familiarity with accounting software and tools like NetSuite, Zone, and Salesforce is also highly desirable, as these platforms are integral to the company's operations and financial reporting processes.

In answering this question, showcase a collaborative and supportive management approach that emphasizes mentoring and guiding team members. Highlight the importance of open communication and providing constructive feedback to foster a positive work environment, which ultimately leads to greater team productivity and employee satisfaction.

Respond to this question by emphasizing your organizational skills and ability to prioritize tasks effectively. Discuss how you utilize tools and strategies to break down complex projects into manageable pieces, ensuring timely and accurate completion, especially during the monthly close process where deadlines are critical.

Discuss current challenges such as adherence to evolving regulations and standards, technology integration, and the need for real-time data analysis. Emphasize your proactive approach in staying informed about industry changes and adopting best practices to navigate these challenges effectively.

Explain your methodical approach to reviewing and validating financial data. Highlight procedures like reconciliations, regular checks, and cross-referencing information to catch discrepancies early. Sharing examples of past experiences where you ensured accuracy can add credibility to your answer.

Illustrate your commitment to team development by discussing the importance of mentorship, training programs, and regular feedback sessions. Share your experiences in helping team members grow professionally by providing opportunities for continuing education and offering guidance on complex accounting challenges.

Sharing your familiarity with ASC 606, emphasize your understanding of revenue recognition standards and their practical application in a technology or software setting. Include past experiences where you've successfully implemented these standards and any challenges you overcame to ensure compliance.

Discuss your analytical approach to assessing existing accounting processes. Mention specific techniques such as process mapping, data analytics, and stakeholder feedback to analyze efficiency. Illustrate with examples of improvements you've implemented that resulted in measurable benefits to the organization.

Outline your method for staying updated on company policies and audit requirements, emphasizing the importance of organizational communication. Describe your experience in preparing documentation for audits and how you champion adherence within your team to maintain compliance during operations.

Mention your proficiency in essential tools like Microsoft Excel, NetSuite, or any other accounting software you've used. Explain how these tools facilitate your day-to-day tasks and how you leverage them for reporting and analysis to enhance productivity and accuracy.

Approach this question with a focus on constructive feedback and learning. Emphasize your belief in a supportive atmosphere where mistakes can be openly discussed. Share an example of how you’ve addressed errors, encouraging team members to troubleshoot solutions while reinforcing the importance of accuracy and diligence.