Hakeem AROGUNDADE,CHFP,MBA

• Directs and administers general ledger, payroll, fixed assets and accounts payable functions effectively. Reviews, analyzes and reports financial statements and other reports timely and accurately with minimal year-end adjustments; in accordance with Generally Accepted Accounting Principals and CCH financial reporting requirements. Manages financial audits.
• Lead in preparation and completion of operating budget. Provides guidelines and assistance to department managers. Compiles final hospital budget, and supplemental budget information in accordance with Hospital policies and procedures for presentation to management, Board and general public. Monitors performance against budgets and assists in analysis of variances.
• Manages annual capital budget. Monitors expenditures and reports monthly on status of construction projects.
• Responsible for daily cash management decisions, and manages other banking investment relationships to ensure smooth operation and realization of investment goals.
• Implements strategies to maximize reimbursement. Oversees preparation of Medicare Cost Report and other government reimbursement reports, ensures utilization of proper methodologies for monthly contractual allowances.
• Monitors financial reporting for outpatient clinics. This will entail recording of adjustments, collection of cash and month end financial reporting.
• Manages process for productivity benchmarking and oversees quarterly and annual reporting and discovering productivity opportunities.
• Improves existing financial information database to assure efficient use of data processing capabilities and to meet medical center’s needs, including revision of chart of accounts and cost center assignments.

A 200 bed not-for-profit healthcare provider offering inpatient/outpatient services, including two acute care hospitals, primary and specialty clinics.

• Managed Accounts Payable staff to oversee the timely and accurate preparation of weekly check runs and other account payable related functions
• Prepare and review general ledger transaction journals to ensure accuracy and timeliness of entries made
• Coordinate the monthly close process and participate in the preparation of hospital financial statements and other reports for internal and external distribution
• Review and reconcile hospital revenue posting by Patience Financial Services
• Identify and analyze significant fluctuations in income, expense, asset or liability balances and report findings to appropriate personnel
• Implement and monitor internal controls to ensure that processes are secure, assets are safeguarded, and account balances are properly stated
• Prepare and analyze annual tax paper work for 1099s and 990
• Serve as finance representative for assigned managers, assisting in the review and analysis of department specific budgets, variance reports, and other financial information
• Oversee and/or conduct reconciliations of all accounts according to GAAP. Identify and resolve any account discrepancies
• Prepare audit work papers and provide other information and assistance to the external auditors

• Handle month-end close for financial statements including preparation of journal entries.
• Review, analyze, and report relating to general ledger activity and financial statements.
• Handle schedules; reconcile general ledger accounts, and ad-hoc reporting.
• Handles the bank relationships and merchant accounts for multiple hospitals.
• Provides oral or written answers to External Auditors' questions interim and year-end audit.
• Handles intra/inter-company transactions and book transfer between hospitals.
• Handles other operating revenues for 3 hospital and 8 clinics.
• Analyzed annual 990 Tax paper work for 5 hospitals.