Application Specialist supporting Microsoft Dynamics 365 platform in Corporate & Investment Banking division. Focusing on business needs and user adoption to ensure effective use of the platform.
About the role
- Executive Director in Revenue Cycle Management at Labcorp, focusing on financial health and operational efficiency in healthcare.
Responsibilities
- Manage an annual operating budget for the RCM division, ensuring cost efficiency and alignment with corporate financial objectives.
- Oversee workforce planning and vendor management for a global team of onshore and offshore resources.
- Implement cost optimization strategies, including automation, process improvement, and vendor performance management.
- Provide budget forecasts & variance analysis.
- Partner with RCM operational areas to perform financial analyses, what-if scenarios, and support to improve cost optimalization.
- Oversee General Ledger (GL) and Accounts Receivable (AR) accounting processes related to RCM.
- Ensure timely and accurate month-end revenue close, including journal entries and reconciliations.
- Serve as the primary liaison for internal and external audits, ensuring documentation and responses are complete and timely.
- Maintain and enhance SOX controls related to RCM financial processes.
- Lead reserve analyses for bad debt, contractual allowances, and other RCM-related accruals.
- Ensure accuracy and transparency in financial statements and operational metrics.
- Establish and continuously improve close calendars, and controls, ensuring audit readiness and a consistent global approach across entities and service lines.
- Drive continuous improvement in reconciliation and close processes.
Requirements
- Bachelor’s degree with 10+ years of relevant financial management experience preferred (accounting, financial modeling, analysis and reporting, forecasting and budgeting experience), with a large global company within a service industry.
- CPA and MBA Preferred
- Prior experience with ownership and management of SOX controls strongly preferred
- Prior experience influencing and communicating with leadership of a global company strongly preferred.
- Ability to team effectively with executive leadership, finance leadership and operational leadership.
- Willingness to "roll up the sleeves" in terms of problem solving and improvement actions.
- Experience with process efficiencies and lean organizations.
- Fully conversant in financial statements, accounting theory and practice.
- Highly competent in Microsoft Office, particularly Microsoft Excel and PowerPoint.
- Experience with high end financial reporting systems such as PeopleSoft.
Benefits
- Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan.
- Casual, PRN & Part Time employees regularly scheduled to work less than 20 hours are eligible to participate in the 401(k) Plan only.
- Employees who are regularly scheduled to work a 7 on/7 off schedule are eligible to receive all the foregoing benefits except PTO or FTO.
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