About Us: RiteChoice Rx is a solutions-based 340B contract pharmacy company dedicated to providing exceptional patient care, innovative solutions, and advancing healthcare outcomes. We are a trusted partner to several health center networks throughout the Philadelphia region. We are committed to improving the health and well-being of individuals and communities through our comprehensive range of services.
Why Us: At our core, our mission is to bring friendly, affordable, and accessible pharmacy services to Philadelphia and the surrounding areas. We are committed to simplifying the pharmacy process for patients and providers while bringing unparalleled 340B expertise and administration to our partners.
What distinguishes us from the rest? Our unwavering dedication to fostering a top-notch office culture. Scattered across our multiple locations, you will encounter a team celebrated for their outstanding work ethic, enthusiasm, and resolute dedication to our core values. We are committed to the continuous growth of our patients, partners, providers, and employees. We consistently strive and seek new opportunities to expand our outreach initiatives and develop stronger relationships with our community. We know that we are better together and will continue to break down the barriers in healthcare.
Position Overview
The Staff Accountant plays an important role in supporting the Chief Financial Officer during a period of rapid growth to help ensure accurate and reliable recording of the company’s financial transactions and financial statements. The Accountant will assist the CFO in successfully internalizing bookkeeping function for multiple legal entities from external CPA firm. A key requirement of this role will be to have a strong financial background and working knowledge of GAAP standards, which will be important in maintaining and analyzing financial information, along with preparing financial reports and schedules to maintain accurate record of assets, liabilities, and profit and loss.
Role and Responsibilities
- Prepare and post journal entries in accordance with GAAP for revenue recognition, AR, contractual allowances, payables, and accrued expenses (including payroll accruals and other accruals).
- Prepare and post journal entries in accordance with GAAP for Prepaids, Fixed Assets and monthly depreciation entries, Lease Accounting.
- Perform Accounts Receivables reconciliation between general ledger and external Accounts Receivables platform (Elevate). Monitor claim level reconciliation and reconcile bank deposits to external AR platform, and coordinate with Elevate Concierge to resolve discrepancies.
- For new pharmacies, establish connections for electronic funds transfer between third party payors and bank accounts, and for 835 claim details between third party payors and AR platform.
- Perform monthly balance sheet reconciliations.
- Generate customer invoices for new RPH Provider service line. (Note: this is not required with majority of the business, which is pharmacy claims).
- Assist in completing transition to new banking partner as it relates to transitioning payables and receivables to new bank.
- Taking the lead on implementing new Accounts Payable platform with guidance from CFO.
- Support data requirements to support tax preparers, insurance and benefits providers, and external auditors as needed.
Qualifications
- Bachelor’s degree in Accounting or Finance.
- Minimum of 5 years of relevant accounting experience.
- Strong knowledge of US GAAP.
- Advanced Excel skills – data analysis, v-lookup’s, pivot tables, sum-if’s
- Experience with Quickbooks preferred.
- Strong analytical and organizational skills, attention to detail, ability to prioritize and meet deadlines.
- Minimum of 5 years of professional experience, preferably in healthcare, pharmacy or pharmaceutical services.
