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Director of Accounting

Company: Bancroft
Location: Cherry Hill
Posted on: May 28, 2023

Job Description:


Bancroft is a leading service-provider for children and adults with autism, other intellectual or developmental disabilities or those in need of neurological rehabilitation.We provide a full continuum of highly effective services - for people of all ages and every level of abilities - based on -best practices -and scientifically -proven techniques. -Our services include special education, vocational training, supported employment, structured day programs, group home and apartment programs both on-campus and in the community, short-term behavioral stabilization services for children, and in-home and outpatient rehabilitation services.As a nonprofit organization, we are solely committed to supporting people with special needs and their families, to help make it -One World. For Everyone. -Bancroft -is currently seeking a -Director of Accounting -to join -our Finance -department. - - -The Director of Accounting directs the overall operations and staff of the revenue and expense accounting, including budgeting of same, accounts payable, and purchasing of the organization. - Ensures compliance with Bancroft policies and procedures, state and federal fiscal management laws and regulations and generally accepted accounting principles.


  • Manages the daily operations of the revenue and expenses accounting and budgeting, accounts payable, cash management and debt management. - Oversees recording and reporting processes including the condition of the organization's books and records, compliance with internal controls, management of internal and external auditing processes and formulation of financial statements and reports for Bancroft and its subsidiaries.
  • Manages revenue and expenses accounting and budgeting operations:
    • Manages the complete and timely analysis/reconciliation of monthly balance sheet accounts. - Ensures that balances adequately reflect the value of assets and liabilities in accordance with established audit controls.
    • Manages the fixed assets for the organization; reviews general ledger activity and depreciation for appropriateness.
    • Tracks and manages capital expenditures against budget and provides regular reports of same.
    • Ensures that the accounting staff completes the end-of-month closing process in accordance with the established closing schedule approved by the Chief Financial Officer.
    • Oversees the Purchasing function by providing oversight and guidance to Purchasing Manager, ensuring that the appropriate internal controls exist over purchasing and contracts and that the Purchasing staff completes the end-of-month closing process in accordance with the established closing schedule approved by the Chief Financial Officer.
    • Oversees the Accounts Payable function by providing oversight and guidance to Accounts Payable Manager to ensure that accurate disbursements are made in a timely manager; managing weekly check disbursements and ensuring that the Accounts Payable staff completes the end-of-month closing process in accordance with the established closing schedule approved by the Chief Financial Officer.
    • Reports on the financial condition of the organization by reviewing financial statements and providing analytics and information for management discussion and analysis. - Disseminates external financial reports to Bancroft's executive team and external interested parties in accordance with established or required timeframes and following the approval of the Chief Financial Officer.
    • Develops and manages the annual budget process for the organization in compliance with local, state and federal budgetary reporting requirements. - Coordinates the planning and implementation of the budget process for the organization. - Provides periodic reports during budget process to update executives and senior management on progress made. - -
    • Evaluates existing accounting systems on an ongoing basis to monitor operating efficiency and overall cost effectiveness. - Recommends new systems development and/or enhancements to existing systems to meet financial accounting needs and to maximize operating efficiency.
    • Assists in periodically reviewing and updating policies and procedures related to internal financial controls with the ultimate goal of reducing the organization's exposure to financial loss.
    • Builds and effectively maintains working relationships with administration and program directors. - Provides assistance regarding interpretation of financial reports.
    • Builds and effectively maintains strong working relationships and communications with Revenue Cycle leadership. - Ensures correctness and appropriateness of accounting for revenue, accounts receivable and bad debt.
    • Builds and effectively maintains solid working relationships and communications with external auditors. - Ensures the timely completion of the annual financial audit and updates Finance leadership regarding the progress of the annual financial audits.
    • Provides leadership and guidance to staff members within direct areas of responsibility. - Effectively manages ongoing job performance of direct reports through coaching, performance evaluations, and disciplinary and/or corrective action when appropriate.
    • Performs other duties and special assignments, as required. -


      Education & Experience: -Bachelor's degree in Accounting required with a minimum of ten years' experience in the accounting field, two of which are in internal auditing or with a public accounting firm. - Minimum of five years of supervisory/management experience required. - CPA preferred. - Knowledge of Generally Accepted Accounting Principles, internal control systems and financial reporting and analysis. - Strong computer skills, including familiarity with accounting software systems and the MS Office Suite. - Excellent Excel skills and ability to build complex financial models. -Special Skills: -Highly motivated and dynamic professional. - Self-starting personality; ability to prioritize and manage multiple responsibilities simultaneously. - Flexible and responsive; willing and able to roll up sleeves and dig in to details as needed. - Ability to analyze data and provide insight. - Very strong drive, dedication and work ethic. - Extremely team-oriented with ability to contribute. - Detail, process and control-oriented. - Highest level of integrity. - A solid knowledge base of accounting issues, financial recordkeeping procedures, laws, regulations and standards, particularly as they relate to healthcare enterprises required. - Knowledge of all relevant payroll and income tax laws, regulations and operating guidelines required. - Proven ability to develop and implement effective fiscal management policies and financial controls, as well as proven ability to interpret audit information and institute financial policy, procedure and/or operational corrections and modifications required. - Effective communication, interpersonal skills, presentation, project management, and organizational skills required. - Effective and proven leadership and management skills required, as well as flexibility and adaptability. -What You'll Love About Bancroft: -
      • Meaningful Purpose: -We truly make a difference in the lives of others, which inspires us to be better people, and gives us purpose. -
      • Lasting Bonds: -We are a close-knit, committed team committed to our overall misson.
      • Personal Growth: -There are opportunities to learn and build skills, professional development, career advancement, tuition assistance, and loan repayment programs -
      • Outstanding Benefits: -We offer competitive salaries, retirement savings program, generous paid time off, medical and dental insurance, and more -About BancroftAt Bancroft, you'll do more than just make an impact. We are a care team of 2,700 employees across 200+ facilities and homes in NJ, PA, and DE committed to making a lasting difference in the lives of the people we serve and their loved ones. Together, we work diligently and compassionately, to improve the lives of the people we serve. Find your purpose and more at Bancroft. -Real Life. Real Purpose. -

        EEO Statement

        Bancroft stands strong against racism and hate of all kinds and supports actions leading to respect, equality, fairness and peace. -We advocate for and embrace an inclusive and just world. -One world. For everyone. -We work with heart, respect and collaboration. We are communicators, listeners, problem solvers, partners and collaborators. -Bring your authentic self to our team. - - -Bancroft is an Equal Opportunity Employer, and supports diversity, equity and inclusion in its -hiring and employment practices, -so that every team member can feel a true sense of belonging, and maximize their unique potential. - To this end, all applicants will receive consideration for employment without regard to age, race, color, -religion, sex, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, veteran status or any other characteristic protected by law. - - -#CLIN -#CLIN -#corp

Keywords: Bancroft, Cherry Hill , Director of Accounting, Executive , Cherry Hill, New Jersey

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