Manager Financial Accounting & Reporting - GAAP

Job ID: J120860
Company: Highmark Health
Location: Pittsburgh, PA, United States
Full/Part Time: Full time
Job Type: Regular
Posted at: Apr 9, 2018

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Description

JOB SUMMARY

This job is part of a team of financial reporting managers responsible for managing  the day-to-day  financial accounting and reporting activities for the Organization and certain subsidiaries in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP). The Organization, an integrated delivery and financing system, has $18B of enterprise revenue across 3 core lines of business consisting of insurance operations, provider operations and business platform/IT services. This position is focused on the parent company, the health insurance operations and/or the business platform/IT services. Assigned accountabilities include managing assigned aspects of the financial reporting department which is responsible for the internal and external financial statement compilation process, maintenance of general ledgers, research and implementation of applicable GAAP technical guidance, overseeing the monthly accounting close process and  corporate level accounting activities such as debt, taxes and benefit plans.  This position leads various direct and indirect reports which, depending on assigned responsibilities, could consist of project managers and lead and senior accountants that comprise the financial reporting department focused on GAAP reporting.

ESSENTIAL RESPONSIBILITIES

  • Perform management responsibilities including, but not limited to: involved in hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity.  Plan, organize, staff, direct and control the day-to-day operations of the department; develop and implement policies and programs as necessary; may have budgetary responsibility and authority.
  • Effectively develop financial accounting policies and manages the financial accounting functions of the Organization and assigned subsidiaries.  Accountable for the general ledgers of the Organization and assigned subsidiaries.  This includes but is not limited to maintenance/deployment of the general ledger system, the consolidation and account reconciliation systems and review of the general ledger activity.
  • Conduct primary oversight role in the preparation of all GAAP financial reports for responsible entities. This may include financial statements, Board of Directors report packages, BCBSA financial reports, the quarterly investor document, annual and long-term incentive calculations and Benefit Plan Financial Statements and any ad-hoc reporting requests.  Provide support for the proper recording and maintenance of all financial transactions in accordance with GAAP and BCBSA requirements (as applicable).  Review GAAP financial information used in the preparation of internal and external reports for responsible entities as well as provide guidance regarding consolidation activities (as applicable) and proper accounting and reporting treatment. May have responsibility over the financial information and Management’s Discussion and Analysis sections of the quarterly Investor Relations reports, monthly financial analysis and maintenance of subsidiary relationships and quarterly debt covenant calculations and report (as applicable).
  • Ensure timely and accurate issuance of various externally issued audited GAAP financial statements for the Organization and its subsidiaries.  Coordinate external audit process/activities with external audit firm. External auditors include the Organization's external CPA auditors, Commonwealth of Pennsylvania & other State Insurance Department auditors, various government program auditors and Blue Cross Blue Shield Association auditors.  Ensure that financial information is presentable for the auditors and be available for explanations and questions.
  • Depending on assigned responsibilities, may be directly involved in accounting for various benefit plans and incentive plans. Responsibilities include, but are not limited to, oversight of benefit plan entries, coordination with outside actuaries, benefit plan and incentive plan audits, as well as monitoring of incentive plan performance.
  • Conduct the proper recording and maintenance of accounting records in accordance with GAAP.  This includes determining the appropriate accounting treatment for the organization’s most complex financial transactions including M&A activity.  Support other finance or business areas with technical accounting research and interpretation support. 
  • Stay abreast of new accounting pronouncements that impact the Organization’s business lines and advises management of their impact to the organization.  Assist the Director of Financial Reporting with the adoption of the new guidance, periodically in conjunction with the impacted finance or business areas. 
  • Other duties as assigned.

EDUCATION

Required

  • Bachelor's Degree in Accounting or Finance

Preferred

  • Master's Degree in Accounting or Finance

EXPERIENCE


Required

  • 5 - 7 years in Accounting or Finance

To Include

  • 3 - 5 years in Management
  • A broad-based technical background in Financial Concepts

Preferred

  • 3 - 5 years in Big 4 Public Accounting Experience or comparable experience with large regional CPA Firm, preferably in the Insurance or Healthcare Industry
  • 3 - 5 years Managing complex (multiple legal entities with significant interco transactions) accounting closes and consolidations 
  • 3 - 5 years in Benefit Plan Accounting (depending on assigned responsibilities)
  • 1 - 3 years in Computerized Accounting Systems (e.g. SAP, PeopleSoft) & consolidation packages (e.g. Hyperion)  

LICENSES OR CERTIFICATIONS

Required

  • Certified Public Accountant (CPA) - Non-Specific

SKILLS

  • Strong technical abilities and must be able to interpret and clearly understand authoritative accounting guidance.  The incumbent must also possess an in-depth knowledge of insurance business in general, as well as the Organization, in order to analyze and apply guidance to specific situations
  • Ability to meet deadlines, to manage multiple processes, to supervise staff and to communicate effectively with all levels of management 
  • Proven leadership skills – ability to motivate others to quickly achieve results in a matrixed environment
  • Uses knowledge of industry and market trends to develop and champion long-term strategies
  • Demonstrates the ability to effectively persuade others to listen, commit, and act on a new approach; Strong and effective verbal and written communication skills
  • Self-confident with an ability to accept and respond to challenges in a positive manner 
  • Effectively presents complex topics in a concise manner to audiences at various levels and in various sizes; Broad understanding of business issues, metrics, organizational linkages and customer value
  • Successful experience in achieving results through people in a complex environment; Strong organizational and analytical skills in addition to project leadership and management skills
  • Thorough knowledge of generally accepted accounting principles, accounting practices and controls, corporate tax regulations and a complete understanding of the financial accounting consolidation practices

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability.
EEO is The Law
Equal Opportunity Employer Minorities/Women/ProtectedVeterans/Disabled/Sexual Orientation/Gender Identity (http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf)
We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact number below.
For accommodation requests, please call HR Services at 844-242-HR4U or visit HR Services Online at HRServices@highmarkhealth.org

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