Elizabeth Carnes Email & Phone Number

Held multiple responsibilities, including ensuring adherence to university, state and federal policies, accounting, purchasing, accounts receivable, accounts payable, reconciliations, and reporting. Worked with The College of Dentistry and College of Medicine, Pathology to maintain compliance with university, state and federal policies, and provide education on policy violations. Provided training to senior management on university, state, federal and IRS policies. Coordinated with vendors to ensure payment of invoices.Accomplishments:-Established procedures to conform to university travel, purchasing and expenditure policies which contributed to a clean internal audit.-Developed improvements to internal processes, as well as consistently exceeding goals and expectations.-Eliminated large amounts of paperwork by applying college policy, generating cost savings in labor while improving office efficiency, which contributed to the University's and College's strategic initiative.

Handled monthly close, accounts receivables, account reconciliations, management reports and financial statements.

As a Sr. Financial Planning Analyst:Oversaw development of corporate long-range financial plan (current year projection and five year budget), including all OhioHealth's entities and plan consolidation. Validated / prepared pricing, managed care, commercial, government reimbursements (revenue cycle), salaries, benefits, supplies, investment income and other expense global assumptions for all OhioHealth Entities and Corporate departments. Communicated enhancements made to budgeting software. Performed analysis of consolidated financial reports, including maintaining specific ratios to keep corporation's AAA bond rating. Developed manuals on software modifications to streamline and facilitate analysis and reporting. Analyzed actual to projected capital asset acquisitions such as building a Heart Center. Accomplishments:-Created security within Kaufman Hall Long Range Financial Budget System to prevent user access to entities.-Developed physician practice groups models in Kaufman Hall, facilitating data processing of $250K from 60 practices for use within corporate and entities long range financial plan.As a Sr. Accountant:Completed General Ledger activity, month end close, analysis, variance reporting, and balance sheet reconciliations for Hospital Properties, Inc. (HPI), an OhioHealth Company. Developed cost report schedules for Medicare and Medicaid cost report, prepared 990s, and implemented and automated accounting for inter-company rents. Served as Chair for HPI’s CORE leadership group meeting.Accomplishments:-Recommended and secured cash investment of $3M; increased other revenue in excess of $250K per year.

Directed all financial functions, including accounting, budgeting, taxes, and reporting of over $4M in revenue. Developed procedures to perform monthly balance sheet account reconciliations and quarterly reviews to ensure accurate audits for both financial and federal aid compliance opinions. Researched and selected audit firm, and prepared all worksheets required for the audit. Accomplishments:-Identified tax underpayments, and negotiated favorable, no penalty / no interest repayment terms with State Auditor, saving school $150K.-Filed taxes on accrual basis versus cash, saving owners over $140K for the year.-Succeeded in bringing school's financial statements and accounting practices in line with Generally Accepted Accounting Principles.

Mba, Business

Bachelor'S Degree, Accounting

Activities and Societies: I was in the Accounting Association, and held the key position for Activities and Membership.