Controller

Five Star Senior Living - Newton, MA (30+ days ago)3.0


Location Information
Five Star Senior Living's corporate headquarters are located in Newton, Massachusetts. Just 20 minutes outside of downtown Boston, the building features easy access to public transportation and the Massachusetts Turnpike.Key Responsibilities
Position Summary

The Financial Controller has complete oversight of all aspects of the general ledger, month-end close processes, and accounting for the business transactions for the Company, which consists of approximately 280+ senior living communities and the corporate functions. This position is responsible for all aspects of technical accounting while applying Generally Accepted Accounting Principles (GAAP), analysis and communication of financial results, and works closely with the Director of Financial Reporting on the preparation of financial statements and reports for both internal and external / SEC reporting. The Financial Controller leads five Accounting Managers in the department, each controlling the general ledger of the communities within their portfolios while managing up to five staff and senior accountants. This position requires close coordination with management and other departments, including financial reporting, tax, payroll, accounts payable, accounts receivable, community personnel, IT and legal.

Responsibilities

Responsible for the oversight of the general ledger, all month-end close processes and technical accounting, including the analysis and communication of financial results
Specific monthly responsibilities include, but are not limited to:
Coordination and continuous communication with management, community and operations leadership on status of the month-end close, results of financial analysis and other accounting and financial support
Review of month-end close reconciliations and financial analyses of significant accounts, and review of variance analyses provided to management
Monitor and refine core month-end close and business transaction processes, and those processes that impact day to day operational execution for various departments (e.g. payroll and accounts payable) to achieve efficiency, simplification, and improve controllership environment
Ensure all process and controls are in compliance with SOX control procedures
Ensure financial records are maintained in compliance with GAAP and work closely with the Director of Financial Reporting on the preparation of financial statements for both internal and external / SEC reporting
Lead on all accounting compliance related matters including ownership of year-end audit and compliance with Section 404 of the Sarbanes-Oxley Act (SOX)
Primarily responsible for the development of on-going training of the accounting department, as well as on all accounting related matters for other departments (e.g. payroll, accounts payable, accounts receivable, etc.) and communities
Observing core day-to-day functions and proposing and executing process improvements to increase effectiveness and efficiencies
Responsible for technical accounting research and drafting final accounting treatment position papers
Provide assistance to tax department on certain tax provision and compliance matters
Requirements

Bachelor’s degree in Accounting, and a strong record of success in academic and work environments
Public accounting experience and CPA required
Ten (or more) years of progressively increasing responsibility in a similar capacity
Critical thinking, detail oriented and highly organized with ability to handle multiple deliverables at one time in a deadline-driven environment
Experience in mid-size to large SEC registrants and / or privately-held businesses, and managing similarly experienced teams.
Experience in general ledger a plus but not required
Demonstrated knowledge of technical accounting guidance with the ability to research and recommend appropriate treatments
Ability to apply new methodologies that satisfy systematic and scalable processes.
Works well in changing / fluid environment and has the ability to be self-sufficient with the prioritization of tasks
Able to be innovative and provide proposals to streamline and enhance controllership of accounting department
Strong attention to detail, and ability to effectively communicate with business partners and management regarding accounting related matters
Ability to remain positive under pressure and to motivate team members
Proven ability and continued drive to mentor and develop staff
Excellent leadership, communication (written and verbal) and interpersonal skills
Strong computer skills with proficiency in Microsoft Office (Word, Power Point, especially Excel)
Experience with Workday a plus but not required