Fortrea · 1 day ago
Executive Director, Revenue Cycle Management Finance (Hybrid)
Burlington NC
Full-time
Hybrid
Director/Executive
10+ years expLabcorp is a company focused on accelerating life-changing healthcare breakthroughs and improving care delivery. They are seeking an Executive Director for Revenue Cycle Management Finance to support the financial health and operational efficiency of the RCM organization, ensuring accurate financial reporting and compliance while driving informed decision-making.
Clinical TrialsHealth Care
Responsibilities
Manage an annual operating budget for the RCM division, ensuring cost efficiency and alignment with corporate financial objectives
Oversee workforce planning and vendor management for a global team of onshore and offshore resources
Implement cost optimization strategies, including automation, process improvement, and vendor performance management
Provide budget forecasts & variance analysis
Partner with RCM operational areas to perform financial analyses, what-if scenarios, and support to improve cost optimalization
Subsidiary Finance support (non-lcbs Trade AR account balancing and GL for subsidiary locations)
Oversee General Ledger (GL) and Accounts Receivable (AR) accounting processes related to RCM
Ensure timely and accurate month-end revenue close, including journal entries and reconciliations
Serve as the primary liaison for internal and external audits, ensuring documentation and responses are complete and timely. Including quarterly and annual audits
Maintain and enhance SOX controls related to RCM financial processes
Partner with Corporate Accounting and External Auditors to validate assumptions and ensure compliance with GAAP and SOX
Evaluation of LCBS revenue adjustments impacting PPA (SOX control); research and document
Analysis of Payer Recoupment activity to recommend recoup reserve %
Determine appropriate refund reserve balance based on activity
Analysis of multiple revenue and AR accruals and generation of entries
Approval of system adjustments and payer refunds
Lead reserve analyses for bad debt, contractual allowances, and other RCM-related accruals
Lead reserve position analysis for the company, including monthly true-ups, sensitivity modeling, and executive reporting
Ensure accuracy and transparency in financial statements and operational metrics
Partner with Corporate Accounting/Controllership to align on policies, SOX/internal controls, and external audit support
Establish and continuously improve close calendars, and controls, ensuring audit readiness and a consistent global approach across entities and service lines
Drive continuous improvement in reconciliation and close processes
Collaborate with cross-functional teams to ensure compliance with accounting standards and regulatory requirements
Support policy development and implementation for financial controls and reporting
Qualification
Preferred
Bachelor's degree with 10+ years of relevant financial management experience preferred (accounting, financial modeling, analysis and reporting, forecasting and budgeting experience), with a large global company within a service industry
CPA and MBA Preferred
Prior experience with ownership and management of SOX controls strongly preferred
Prior experience influencing and communicating with leadership of a global company strongly preferred
Ability to team effectively with executive leadership, finance leadership and operational leadership
Willingness to 'roll up the sleeves' in terms of problem solving and improvement actions
Experience with process efficiencies and lean organizations
Fully conversant in financial statements, accounting theory and practice
Highly competent in Microsoft Office, particularly Microsoft Excel and PowerPoint
Experience with high end financial reporting systems such as PeopleSoft Financials
Benefits
Medical
Dental
Vision
Life
STD/LTD
401(k)
Paid Time Off (PTO) or Flexible Time Off (FTO)
Tuition Reimbursement
Employee Stock Purchase Plan
Company
Fortrea
Fortrea is a provider of comprehensive Phase I through IV clinical trial management, clinical pharmacology, patient access solutions.
10001+ employees
H1B Sponsorship
Fortrea has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (14)
2024 (25)
2023 (6)
Funding
Current Stage
Late StageLeadership Team
Anshul Thakral
Chief Executive Officer
Agnieszka Gallagher
General Counsel, Chief Compliance Officer and Corporate Secretary
Recent News
2026-01-06
Business Wire
2025-12-11
Company data provided by crunchbase