Farah Jafry, MBA, CPA
Director of Finance at Suburban Orthopaedics- Claim this Profile
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Bio
Ann Grygo
Excellent in her position.Farah is very effective in providing financial business insight allowing the management team to profitably advance market initiatives. Farah can translate financial trends and ratios into risks and opportunities to manage and prioritize.Farah is very approachable and a team player who welcomes interaction with non-financial disciplines
Michael Ambolo, MBA
It is with great pleasure that I write this recommendation for Farah as she excellent in the fields of audit, finance and accounting. In fact, Farah is one of the few remaining good ones in the business today. She is always up-to-date in the latest trends within her respective field and can be relied upon without question to provide you accurate information. Throughout my time working with Farah, she demonstrated exceptional inter/intra-personal skills while maintaining the tact and poise of a leader. In the area of audit, Farah excels with superior deductive methodologies. Her audit reports are known to be direct and thorough. Farah is an excellent addition to any company looking to partner with the very best talent.
Ann Grygo
Excellent in her position.Farah is very effective in providing financial business insight allowing the management team to profitably advance market initiatives. Farah can translate financial trends and ratios into risks and opportunities to manage and prioritize.Farah is very approachable and a team player who welcomes interaction with non-financial disciplines
Michael Ambolo, MBA
It is with great pleasure that I write this recommendation for Farah as she excellent in the fields of audit, finance and accounting. In fact, Farah is one of the few remaining good ones in the business today. She is always up-to-date in the latest trends within her respective field and can be relied upon without question to provide you accurate information. Throughout my time working with Farah, she demonstrated exceptional inter/intra-personal skills while maintaining the tact and poise of a leader. In the area of audit, Farah excels with superior deductive methodologies. Her audit reports are known to be direct and thorough. Farah is an excellent addition to any company looking to partner with the very best talent.
Ann Grygo
Excellent in her position.Farah is very effective in providing financial business insight allowing the management team to profitably advance market initiatives. Farah can translate financial trends and ratios into risks and opportunities to manage and prioritize.Farah is very approachable and a team player who welcomes interaction with non-financial disciplines
Michael Ambolo, MBA
It is with great pleasure that I write this recommendation for Farah as she excellent in the fields of audit, finance and accounting. In fact, Farah is one of the few remaining good ones in the business today. She is always up-to-date in the latest trends within her respective field and can be relied upon without question to provide you accurate information. Throughout my time working with Farah, she demonstrated exceptional inter/intra-personal skills while maintaining the tact and poise of a leader. In the area of audit, Farah excels with superior deductive methodologies. Her audit reports are known to be direct and thorough. Farah is an excellent addition to any company looking to partner with the very best talent.
Ann Grygo
Excellent in her position.Farah is very effective in providing financial business insight allowing the management team to profitably advance market initiatives. Farah can translate financial trends and ratios into risks and opportunities to manage and prioritize.Farah is very approachable and a team player who welcomes interaction with non-financial disciplines
Michael Ambolo, MBA
It is with great pleasure that I write this recommendation for Farah as she excellent in the fields of audit, finance and accounting. In fact, Farah is one of the few remaining good ones in the business today. She is always up-to-date in the latest trends within her respective field and can be relied upon without question to provide you accurate information. Throughout my time working with Farah, she demonstrated exceptional inter/intra-personal skills while maintaining the tact and poise of a leader. In the area of audit, Farah excels with superior deductive methodologies. Her audit reports are known to be direct and thorough. Farah is an excellent addition to any company looking to partner with the very best talent.
Credentials
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CPA
-Dec, 1993- Nov, 2024
Experience
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Suburban Orthopaedics
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United States
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Medical Practices
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1 - 100 Employee
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Director of Finance
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Jun 2021 - Present
Job Profile Summary: MBA and CPA professional with over 20 years of professional experience in Healthcare Financial Management. Oversee all aspects for Accounts Receivable and Accounts Payable functions for busy Orthopaedics group practice with multi specialties. Involved in the development and execution of business plans, capital and operating budgets, forecasts and financial performance improvement efforts for their respective areas of assignment. Support monthly financial performance reporting and financial analysis supporting continuous performance improvement against target metrics.
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Manager of Business Intelligence
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Sep 2011 - Present
• Generate financial reporting package presentation for senior management. Consolidate reporting for six revenue streams reports at macro and micro level. Generate weekly, monthly, quarterly and annual revenue reports for management review.• Initiated process for designing accounting systems to help control and provide a record of the entity’s activities, resources, and obligations• Classified and assigned business transactions to appropriate category in chart of accounts • Conduct financial analysis to enable senior management to make feasible business decisions such as expansion, reduction or elimination of certain business activities/operations. Provide financial modeling of various modes of operation including financial impact and short and long term analysis for Course A vs. Course B.• Establish key performance measures with analysis of these metrics for management.• Play a pivotal role in preparing the operating and capital expenditures budget• Analyze the performance of Budget vs. Actual as the year progresses.• Prepare and present variance analysis to department management.• Provide input to policies, systems, methods, and procedures for the effective management and control of the premium billing function.• Manage application process for “Certificate of Need” for new Ambulatory center, including all financial projections and as well zoning and compliance• Extensive experience in data warehousing, analytics design and delivery of technology solutions• Review new policies and changes in regulations and how they will affect the practice.• Graduate education includes inter-disciplinary management program with exposure to corporate finance, compliance, organization behavior, research methods and negotiation
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Billing Manager
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Aug 2009 - Aug 2011
Perform periodic audits of billing process to ensure accuracy and effectiveness of process. Implement appropriate corrective action thereby effectively increasing revenues.• Manage all billing operations for a busy group practice of spine and orthopaedic surgeons.Monitor production, revenue and write offs for all specialists.• Monitor financial and statistical reports to ensure their accuracy, timeliness and completeness.• Identifying revenue opportunity through enhanced coding, coordinating coding educators to assist physicians with documentation, maintaining compliance while capturing additional revenue.• Designed a bad debt management process to target collections follow-up on unpaid claims destined for bad debt, reducing bad debt and increasing patient cash collections.
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American InterContinental University
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United States
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Higher Education
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700 & Above Employee
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Assistant Controller
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2008 - 2009
Assisted Controller in managing daily financial operations for the university with annual revenues of 500 M.Ensured timeliness and accuracy of school financial statements; ensure cash collections are managed properly and that cash collections are current and meeting company expectations; and provide ongoing oversight of corrective actions in areas where financial and/or operational crises have been identified. Reviewed and reconciled treasury related operations on a daily basis. Identify and investigate non routine transactions posted to all bank accounts. Ensured excess funds are wired on a daily basis from subsidiary accounts to the main operating account.Reviewed daily accounting folder to ensure accurate posting and valid supporting documentation.Served as integral member of ‘Institutional Effectiveness Committee” to review and analyze opportunities.Active member of Grants Committee involved in scholarships/grants awards decision making. Reviewed and approved all accounting entries and ensure all entries are supported with valid documents.Initiated and recommended work flows, job functions, system changes and enhancements to increase efficiencies and standardize practices
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Career Education Corporation
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United States
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Education Administration Programs
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700 & Above Employee
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Financial Controls Analyst (Auditor)
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Jul 2006 - Oct 2008
Performed on site Sarbanes-Oxley Compliance Audits at assigned schools to ensure compliance with Corporate and regulatory agencies.Performed corporate audits focused on TAX and Centralized Accounting Group. Ensured that the accounting practices are in compliance with US GAAP and Corporate policies. Reviewed month end closing procedures for accounting group and recommended opportunities for process improvement.Involved in the audit effort for the accounting for stock based compensation, including use of the Computershare stock compensation administration system and the application of stock compensation accounting rulesMonitored the development of new and revised reporting rules and regulations and maintained a working knowledge of all accounting and reporting pronouncements of the SEC, FASB and similar organizations.Ensured compliance with established departmental processes and procedures designed to support internal controls efforts. Identified internal controls deficiencies and notified department management Met with process owners to review their processes. Created process maps and flowcharts to identify control risks and control gaps. Performed research and analysis on specific business and reporting issues as they arise, summarizing results for managementActive team member in implementation of CERTUS( audit software)Responsible for developing new controls, including test scripts as well as related worksheets.
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Business Administrator
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Feb 1998 - Apr 2006
Managed day-to-day financial and operations process of the group practice consisting of four dentists and twelve administrative staff, handling over 80 to 100 patients daily and assure that all transactions are properly recorded. Coordinated with IRS and Illinois State auditors and provided support and documentation.Assigned preparation of all disbursements and verify documentation for proper approval.Assisted preparation of monthly financial statements and document unusual occurrences and variances. Generated delinquency aging reports to review collection activity. Engineered recovery program resulting in collections of 70% of delinquent accounts receivable.Communicated and resolved issues with third party insurance payers like HMOs, PPOs, etc. Prepared office manual for the all office policies and procedures.
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Education
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2013 - 2016
Benedictine University
MBA, Management -
1990 - 1992
University of Illinois Chicago
BS, Accounting
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