Responsibilities
- Ensure the proper maintenance of the general ledger in accordance with federal standards, including intercompany transactions and charges.
- Examine transactions to verify accurate revenue allocation and ensure provisions are recorded in the correct financial period.
- Develop and implement department policies and procedures to guarantee accurate and prompt financial reporting.
- Supervise accounting functions for affiliated entities, including pharmacy, real estate, third-party administrators (TPA), and administrative entities.
- Manage month-end reconciliation activities and ensure timely closing processes for assigned entities and consolidation.
- Investigate and document technical accounting matters for consolidated entities and subsidiaries.
- Act as a liaison with external auditors regarding the company's accounting practices and procedures.
- Manage incurred but not reported (IBNR) reserves and other insurance-related liabilities, collaborating with the risk management team.
- Collaborate with Accounts Payable to ensure the accurate identification and recording of expenses, including medical loss for quality improvement programs.
- Implement process improvements and take the lead as the Netsuite system administrator, driving enhancements to boost accuracy and efficiency.
- Partner with the finance team to analyze discrepancies between actual results and budgeted/forecasted figures.
Skills Required
- 4+ years of extensive experience in healthcare accounting is highly preferred.
- Proven success in managing both general ledgers and subledgers.
- Familiarity with health insurance software
- Experience in ERP system administration is required; Netsuite expertise is preferred.
- Bachelor's degree in Accounting, Finance, Business, or a related field is required; MBA is preferred.
- Experience with Big Four or large regional firms is highly preferred.
- CPA license or actively pursuing CPA certification is preferred.
- In-depth knowledge of US GAAP, internal controls, and financial reporting is essential.
