Department is Accounting
Reports to Accounting Manager
FLSA Status is Non-Exempt
Objective and Purpose:
As Accountant III – Joint Ventures and Purchase Accounting, you will be responsible for overseeing and managing the accounting for joint ventures, acquisitions, and purchase-related transactions. This role ensures accurate financial reporting, compliance with accounting standards, and analysis of joint venture agreements. The ideal candidate will have a strong understanding of purchase accounting, intercompany transactions, and partnership agreements.
Primary Responsibilities:
- Prepare and maintain accurate records for joint ventures, including equity method accounting.
- Ensure proper accounting treatment for joint venture investments, consolidations, and eliminations.
- Analyze financial statements from joint venture entities and ensure compliance with relevant standards (e.g., GAAP or IFRS).
- Collaborate with joint venture partners to ensure accurate financial reporting and resolve discrepancies.
- Manage the purchase accounting process, including the preparation and review of purchase price allocations.
- Analyze acquisition agreements to ensure proper accounting for assets, liabilities, goodwill, and other intangible assets.
- Ensure compliance with ASC 805 (or equivalent standards) for business combinations.
- Oversee post-acquisition integration from an accounting perspective, including intercompany transactions, consolidations, and eliminations.
- Prepare and review financial statements related to joint ventures and acquisitions for internal and external reporting.
- Assist in the preparation of management reports, highlighting key performance indicators (KPIs) for joint ventures and acquisition-related performance.
- Perform variance analysis and provide detailed explanations on joint venture and purchase accounting financial results.
- Ensure compliance with internal controls, accounting policies, and procedures related to joint ventures and acquisitions.
- Coordinate with internal and external auditors to provide necessary documentation and explanations for audits related to joint ventures and purchase accounting.
- Stay updated on changes to accounting standards and regulations affecting joint ventures and purchase accounting.
- Work closely with legal, tax, finance, and operations teams to ensure proper accounting treatment and reporting for joint ventures and acquisitions.
- Support integration efforts for newly acquired entities and ensure accurate reflection in financial reporting.
- Provide guidance to junior accounting staff as needed.
Requirements:
- Bachelor's degree in accounting, finance, or related field.
- Minimum of 5 years of accounting experience.
- Minimum 2-3 years of experience in joint ventures, purchase accounting, or a related field.
- Strong knowledge of GAAP, ASC 805 (Business Combinations), and ASC 810 (Consolidation) principles.
- Proficient in accounting software and advanced knowledge of Excel.
- Exceptional analytical, problem-solving, and organization skills.
- Ability to manage multiple priorities and meet deadlines.
- Experience in financial statement preparation and reconciliation.
- High level of integrity and ethics in handling confidential financial information.
- Ability to work independently and take initiative while collaborating with cross-functional teams.
- Excellent communication and interpersonal skills with the ability to collaborate across departments and with external partners.
Preferred Qualifications:
- Experience in the healthcare industry.
- Experience in NetSuite, Bill.com, Concur platforms.
- Experience in multi-site environments.
- CPA or equivalent certification preferred.
- MBA preferred.
Benefits:
- BCBS High Deductible & PPO Medical insurance Options
- VSP Vision Coverage
- Principal PPO Dental Insurance
- Complimentary Life Insurance Policy
- Short-term & Long-Term Disability
- Pet Insurance Coverage
- 401(k) plan
- HSA / FSA Account Access
- Identity Theft Protection
- Legal Services Package
- Hospital/Accident/Critical Care Coverage
- Paid Time Off
- Diverse and Inclusive Work Environment
About Us:
Specialty1 Partners is a practice services organization committed to providing non-clinical, business support services to the nation's leading specialty dental practices. The company was founded in 2019 by four endodontists who wanted to provide unique and differentiated support to specialty dental practices. Originally focusing on support to endodontics practices (under the Endo1 brand), Specialty1 Partners quickly expanded its support to periodontics and oral surgery practices.
Since its founding, Specialty1 Partners has grown rapidly to become one of the largest private owners of specialty dental practices in the US. Headquartered in Houston, TX, Specialty1 Partners is led by its founders and a management team that is focused on ongoing growth and delivery of best-in-class services across its network of practices. Specialty1 Partners currently has over 225 locations across 28 states.
Work Conditions:
- Candidate must be able to work in office 4 days a week.
- Candidate must be able to travel as required for business needs.
- Candidate must be able to lift up to 25 lbs. as needed.
- Candidate must be able to sit or stand for extended periods of time.
Salary: $80,000 to $90,000 / annum
Location: 1800 West Loop S., Suite 2000 Houston, TX 77027
Modality: In Person
We believe in transparency through the talent acquisition process; we support our team members, past, future, and present, to make the best decision for themselves and their families. Starting off on the right foot with pay transparency is just one way that we are supporting this mission.
Specialty1 Partners is the direct employer of non-clinical employees only. For clinical employees, the applicable practice entity listed above in the job posting is the employer. Specialty1 Partners generates job postings and offer letters to assist with human resources and payroll support provided to the applicable practice. Clinical employees include dental assistants and staff assisting with actual direct treatment of patients. Non-clinical employees include the office manager, front desk staff, marketing staff, and any other staff providing administrative duties.
Specialty1 Partners and its affiliates are equal-opportunity employers who recognize the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment based on objective criteria and without regard to the following (which is a non-exhaustive list): race, color, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws. Specialty1 Partners' Privacy Policy and CCPA statement are available for view and download at https://www.specialty1partners.com/privacy-policy/
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