Jennifer Reed-Hack
Philadelphia,PA
Summary
Seasoned Assistant Director of Finance with a proven track record at Drexel University, adept in financial management analysis and fostering cross-functional team collaboration. Spearheaded a successful Federal Audit and recouped over $1.4 million in lost revenue, showcasing a blend of strategic leadership and analytical problem-solving skills. Seasoned financial manager with broad experience in budgeting, forecasting, and strategic planning. Skilled in optimizing financial processes and leading teams to exceed corporate goals through innovative strategies and efficient resource allocation. Proven track record of enhancing operational efficiency and financial health within diverse organizations. Demonstrated ability to analyze complex financial data and recommend actionable solutions that drive growth and profitability.
Overview
26
26
years of professional experience
Work History
Assistant Director of Finance
Drexel University
Philadelphia, USA
05.2016 - 11.2024
- Hired for Newly Created Position of Senior Financial Analyst
- Clinical Research Studies: Managed and oversaw Clinical Trial Management System, reviewed protocols, budgets, assisted with budget preparation, worked with PI’s and dept
- Personnel for budgeting, SOC, pre and post award duties
- Invoicing, receivables, worked closely with research staff, including research accounting, IRB, pre and post award, internal and external research staff
- Worked in COEUS
- Lead successful Federal Audit of clinical research in Summer, 2022
- Accounts Receivable: track payment of invoices and communicate status and information with internal and external personnel and departments
- Experience with Banner, Oracle, and Web Finance
- Utilized the Smart Source e-procurement system to create requisitions, POs, and pay suppliers, and maintained follow-up of invoices through to payment
- Worked with JP Morgan to adapt their Quick Pay platform to work in paying our research participants incentive payments
- Implemented the system within university research working with Investigator and staff
- Performed bank reconciliation and created and submitted journal entries
- Developed and instituted SOP’s
- Oversaw 340B recertifications, terminations, new entities, via HRSA and worked with internal 340B departments
- Weekly meeting with Director of Finance, ORI, Asst
- Vice Provost of Research, Business Operations, and team
- Prepare amendments to agreements
- Work with the internal OGC for contract approval
Senior Financial Analyst
University of Pennsylvania, LIFE Program
Philadelphia, USA
10.2013 - 05.2016
- Hired for newly created position of Senior Financial Analyst
- Review individual member financial records and work with Medicaid to rectify eligibility
- Meet with program participants and representatives
- AR; collected $1.4 million in lost revenue
- Received Commitment of Excellence Award for recouping
- Managed a staff of four
- Managed performance reviews, conflict resolution, and HIPAA compliance
- Evaluated existing systems and proposed changes or enhancements to improve efficiency
- Conducted detailed financial analysis of monthly, quarterly, and annual results to assess performance against budget
- Led special projects as assigned by CFO or other senior executives while meeting tight deadlines
- Identified areas of improvement within current accounting practices and implemented solutions accordingly
Business Administrator
Pennsylvania Oncology Hematology Associates, PC
Philadelphia, USA
01.1999 - 10.2013
- Hired for new created position of Financial Analyst
- Managed the business of a multi-million-dollar private oncology practice
- Financial analysis of payables and receivables
- Daily reporting of financials to President
- Develop the annual budget
- Evaluation of AWP (Average Wholesale Price) pricing, computed drug charges, quarterly
- Human resources: conflict resolution, created and maintained salary structure, negotiated hiring, participated in interviewing, represented corporation with corporate lawyer, handled unemployment claims, payroll, time off, annual employee insurance review and negotiation, annual performance reviews, 401(k) match, and annual profit sharing, and communicated with external insurance and financial groups
- Assist external accountants on semi-annual and annual financial and tax reporting
- Accounts Payable: review and pay invoices monthly
- Monthly bank reconciliations for three accounts
- Implement payment processes to pay invoices timely and payoff $1.5 million Line of Credit
- Accounts Receivable; initiated AR policies, which brought in over $1.75 million in aged AR and brought current AR below $250k (daily business of $750K)
- Physician insurance credentialing
- Managed staffing in the billing department (insurance)
- Work with pharmaceutical representatives for contracting and reimbursement
- Created and maintained SOPs, HIPAA Compliance
- Individual weekly meetings with the President and Treasurer, separately
- Meetings with staff of over 80+, handled external audits by government agencies, Meetings with owners, Weekly meetings with President and Treasurer
Education
BS - Accounting
Philadelphia University
01.1993
Skills
- Collaborative Team Coordination
- Attentive Employee
- Analytical Problem Solving
- Manage Concurrent Responsibilities
- Strategic Leadership
- Effective Interpersonal Communication
- Cross-Functional Team Collaboration
- Proactive Problem Solver
- Financial Planning
- Focused Work Ethic
- Steadfast Work Ethic
- Highly Organized
- Advanced Excel Skills
- Skilled in Microsoft Tools
- Visual Communication Development
- Banner
- Oracle
- Web Finance
- QuickBooks/COEUS/ADP
- GAAP Financial Reporting Skills
- Revenue Prediction
- Financial policies
- Grant management
- Expense Management
- Accounts Receivable Management
- Financial Management Analysis
- Financial Reconciliation
- Invoice Processing
- End-to-End Financial Accounting
Accomplishments
- Commitment to Excellence Award
References
References available upon request.
Timeline
Assistant Director of Finance
Drexel University
05.2016 - 11.2024
Senior Financial Analyst
University of Pennsylvania, LIFE Program
10.2013 - 05.2016
Business Administrator
Pennsylvania Oncology Hematology Associates, PC
01.1999 - 10.2013
BS - Accounting
Philadelphia University
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