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Senior Manager, Revenue Accounting

Company: Life.Church
Location: Scottsdale
Posted on: August 5, 2022

Job Description:

At LifeStance Health, we strive to help individuals, families, and communities with their mental health needs. Everywhere. Every day. It's a lofty goal; we know. But we make it happen with the best team in mental healthcare.

Thank you for taking the time to explore a career with us. As the fastest growing mental health practice group in the country, now is the perfect time to join our corporate team!

ROLE OVERVIEW

LifeStance Health has recently established a dedicated revenue accounting team and is looking for an experienced revenue accounting manager to lead this group. The position requires strong knowledge of healthcare payor contracts, month end close procedures, controls, analytics and working with our external auditors. This position would report directly to the Corporate Controller and work closely with our business unit leaders, FP&A, and the technical accounting teams to ensure an accurate and complete understanding of LifeStance revenue along with correct treatment in accordance with US GAAP.

RESPONSIBILITIES

--- Lead a team of 5+ staff including design of roles and responsibilities, manage the day-to-day activities, and lead weekly/monthly revenue meetings/calls
--- Own and lead the consolidated monthly revenue close process, including timely completion of all close process activities
--- Coordinate revenue accounting system improvements by partnering with vendor, IT group as well as other teams
--- Perform detailed monthly analysis of revenue to support the Controller's reporting of financial results including but not limited to payor mix, collection and write-off analysis, and rate variance analysis compared to budget. Participate in revenue forecast tasks on an as-needed basis
--- Lead monthly balance sheet reconciliations including cash posted by Revenue Cycle Management team compared to bank deposits and testing of adequacy of reserves
--- Support Operations leadership on financial analysis of payor, patient, and product mix. Assist in the preparation of analyses and presentations for executive leadership
--- Collaborate with other members of the Accounting organization to assist with month-end general ledger close, information gathering, and maintain up-to-date process documentation
--- External audit support:
o Prepare revenue and accounts receivable workpapers for external auditors including gathering samples and setting up analytic tools to validate reported balances
o Assist in the preparation of technical memos
o Ensure that company revenue recognition interpretation and internal revenue guidance are consistent and in compliance with ASC606 and other technical pronouncements
--- Develop and maintain internal controls over revenue and accounts receivable processes
--- Identify "upstream activities" driven by revenue cycle, billing, and other functions that could improve the workflow/process, measurement and control of patient revenue, and their scalability to support future acquisitions
--- Be the subject matter expert on, maintain, and improve the existing revenue reporting and analysis infrastructure to drive better insight into key drivers for senior leadership

SKILLS & EXPERIENCE

- Active CPA license
- 10+ years of progressive accounting experience in public accounting or relevant company experience, preferably in multi-site/multi-state healthcare providers and in high-growth environments
- 5+ years of supervisory experience in the financial reporting/general ledger area
- Preferred experience in implementing and enhancing corporate financial processes and internal controls
- Proven experience with accounting processes that are suitable for high-volume, low-dollar transaction businesses in a large organization, preferably, with revenue recognition in an outpatient physician billing environment
- Strong proficiency in Microsoft Excel and Power BI, with ability to build sustainable and scalable models
- Attention to detail, excellent organizational and presentation skills, and ability to multi-task amongst competing demands to meet deadlines
- Excellent technical accounting and financial reporting skills with a deep understanding of ASC 606, revenue recognition, and all GAAP rules related to revenue reporting, specifically in a healthcare provider context
- Demonstrated ability to credibly communicate with and relate to people at all levels in the organization
- LifeStance is an EEO/Affirmative Action Employer and does not discriminate on the basis of age, race, color, religion, gender, sexual orientation, gender identity, gender expression, national origin, protected veteran status, disability or any other legally protected status
- Demonstrates awareness, inclusivity, sensitivity, humility, and experience in working with individuals from diverse ethnic backgrounds, socioeconomic statuses, sexual orientations, gender identities, and other various aspects of culture

LifeStance Health (NASDAQ: LFST) is one of the nation's largest providers of virtual and in-person outpatient mental health care for children, adolescents and adults experiencing a variety of mental health conditions. LifeStance Health is based in Scottsdale, Arizona.

Our Vision: A truly healthy society where mental and physical healthcare are unified to make lives better.
Our Mission: To help people lead healthier, more fulfilling lives by improving access to trusted, affordable and personalized mental healthcare.
Our Values:

Delivering Compassion - We care for people unconditionally and act with empathy always.
Building Relationships - We are collaborative, building enduring relationships to achieve more together.
Celebrating Difference - We respect the diversity of every individual's lived experiences.

Since LifeStance Health was founded in 2017, we have grown to nearly 5,000 clinicians and team members serving patients in more than 500 locations. We acquire clinical practices and open new locations across the country, with thousands of new clinicians joining our mission every year. We are reimagining mental health.

Learn more at www.lifestance.com.

Keywords: Life.Church, Scottsdale , Senior Manager, Revenue Accounting, Accounting, Auditing , Scottsdale, Arizona

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