Job Description

Assistant Controller- Cedar Knolls, NJ (onsite)

This role oversees all accounting operations in a healthcare environment, managing complex cash flow through an asset-based lending (ABL) facility and factored receivables. This role ensures financial accuracy, covenant compliance, and operational efficiency across all accounting functions, while providing strategic guidance to executive leadership. Salary $150,000-165,000

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field; CPA or CMA strongly preferred.
• 4++ years of accounting/finance experience, ideally within healthcare or pharmacy.
• Proven experience managing cash flow in an ABL or factoring environment with diverse receivable streams.
• Strong understanding of PBM reimbursement cycles, rebate/chargeback structures, inventory management, and third-party payer dynamics.
• Demonstrated leadership ability with a track record of building effective teams and fostering cross-functional collaboration.
• Advanced proficiency in accounting systems and Microsoft Excel
• Exceptional analytical, organizational, and problem-solving skills, with attention to detail and the ability to meet tight deadlines.
• Strong communication skills and relationship management experience, particularly in lender and banking interactions.

Key Responsibilities

• Lead and manage all accounting functions, including general ledger, accounts payable/receivable, payroll, and bank reconciliations.
• Oversee daily cash management, including funding draws, paydowns, and reconciliations related to the ABL facility and factored receivables; act as the primary point of contact with the lender.
• Prepare and submit accurate borrowing base certificates and lender reports; maintain proactive communication to ensure borrowing capacity and covenant compliance.
• Monitor receivable performance across multiple payment streams (PBMs, manufacturer rebates, credit card processors, patient payments, and loan providers); produce daily, weekly, and monthly reporting.
• Ensure timely and accurate recognition of revenue, rebates, and chargebacks in compliance with GAAP and industry standards.
• Support the executive team with budgeting, financial analysis, and strategic decision-making.
• Oversee inventory accounting and valuation for specialty pharmacy medications; collaborate with Operations to improve purchasing efficiency, control costs, and minimize waste.
• Implement and enforce strong internal controls, financial policies, and procedures to safeguard assets and ensure regulatory and contractual compliance.
• Prepare monthly, quarterly, and annual financial statements, along with management reports and variance analyses.
• Lead the annual audit process; manage relationships with auditors, tax advisors, lenders, and banking partners.

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