Executive Director, Revenue Cycle Management Finance (Hybrid)

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Executive Director, RCM Finance - Hybrid

The RCM Finance Business Partner plays a critical role in supporting the financial health and operational efficiency of the Revenue Cycle Management (RCM) organization. This role serves as a strategic liaison between Finance and RCM operations, ensuring accurate financial reporting, compliance, and insightful analysis to drive informed decision-making. This role serves as a lead for revenue close activities, including Accounts Receivable Close, bad debt allowances and reserve position analyses, ensuring accurate and timely net revenue recognition under GAAP/ASC 606 and compliance with SOX controls.

Key Responsibilities:

Financial Planning & Analysis

• 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)

Accounting & Audit

• 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.

Revenue month-end close

• 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

Reserves & Reporting

• 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.
• Cash liquidation analysis

Process Improvement & Compliance

• 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.

Qualifications:

• 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

Application Window Closes: 1-27-26

Shift: Monday- Friday; 8:00am-5:00pm

HYBRID: Applicants who live within 35 miles of either the Burlington, NC or Durham, NC location will follow a hybrid schedule. This schedule includes a minimum of three in-office days per week at an assigned location, either Burlington or Durham, supporting both collaboration and flexibility.

All job offers will be based on a candidate’s skills and prior relevant experience, applicable degrees/certifications, as well as internal equity and market data. 

Benefits: Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan. Casual, PRN & Part Time employees regularly scheduled to work less than 20 hours are eligible to participate in the 401(k) Plan only. Employees who are regularly scheduled to work a 7 on/7 off schedule are eligible to receive all the foregoing benefits except PTO or FTO. For more detailed information, please click here. 

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Labcorp is proud to be an Equal Opportunity Employer:

Labcorp strives for inclusion and belonging in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications and merit of the individual. Qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic. Additionally, all qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law. 

We encourage all to apply

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