EmblemHealth

Director, Financial Reporting

EmblemHealth • $150K — $180K *
New York, NY 10025In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting; MBA/MSA preferred
  • CPA required
  • 10 - 12+ years of relevant professional experience
  • Staff and process managerial/supervisory experience required
  • 3 - 5+ years of public accounting experience
  • Proficiency with MS Office and Oracle Cloud or similar financial software
  • Strong understanding of GAAP & Statutory Accounting principles

Responsibilities

  • Prepare and file financial reports on GAAP and Statutory basis
  • Manage timely and accurate month-end closes
  • Develop best practices for reporting statutory results
  • Recommend procedural changes for compliance
  • Oversee annual financial statement audit coordination
  • Direct the financial reporting process for compliance
  • Train and mentor accounting staff to enhance skills

Benefits

  • Professional development programs
  • Cross-training opportunities
  • Supportive work environment for skill enhancement
Full Job Description
Summary of Position
  • Responsible for the preparation and filing of the Enterprise EmblemHealth financial reports on a GAAP and Statutory Accounting basis.
  • Manage the month end close for the EmblemHealth Enterprise to ensure it is being performed timely, accurately, and in accordance with Statutory Accounting.
  • Develop Enterprise best practices in reporting statutory results by the individual statutory entities (NY & CT).
  • Develop procedures and recommend changes in methods or practices when required to assure compliance with professional and regulatory bodies.
  • Oversee the annual financial statement audit coordination with external auditors.


Principal Accountabilities
  • Direct/Manage the financial reporting process. Ensure financial analyses, reports, and statements are prepared accurately, timely and in compliance with both GAAP and statutory requirements.
  • Direct activities supporting external audits and financial examinations (including SOC 1 & 2 Audits), acting as the intermediary and monitor all deliverables.
  • Manage the monthly GAAP to STAT accounting adjustments and reporting requirements as required by the NAIC statements and other regulatory agencies.
  • Coordinate and lead process for Model Audit Rule (MAR).
  • Maintain inventory of internal control documentation.
  • Train, mentor, and support staff to ensure they possess the appropriate understanding of accounting policy and company transactions.
  • Assist in the implementation of programs to enhance staff's skillsets and further their professional development.
  • Continue realignment of responsibilities and cross-training to address close-critical bottlenecks.
  • Monitor new accounting and reporting rules facing the Enterprise under GAAP and Statutory principles.
  • Develop and implement new accounting standards as required.
  • Develop white papers and interact with external auditors.
  • Develop an enterprise Statutory Accounting approach to be consistent across all Statutory Entities (NY & CT).
  • Provide supporting financial analysis and other documentation to internal business partners; prepare documentation in support of financial statements for internal and external auditors, as well as for CMS, DOH and DFS audits.


Qualifications

Education, Training, Licenses, Certifications
  • Bachelor's degree in Accounting; MBA/MSA preferred
  • CPA required


Relevant Work Experience, Knowledge, Skills, and Abilities
  • 10 - 12+ years of relevant, professional work experience required
  • Staff and process managerial/supervisory experience required
  • 3 - 5+ years of experience in public accounting required
  • Proficiency with MSOffice (Word, Excel, Access, PowerPoint, Teams, Outlook) required
  • Experience with Oracle Cloud or similar financial software required
  • Strong understanding of GAAP & STAT required
  • Strong communication skills (verbal, written, presentation, interpersonal) with all types/levels of audience required
  • Ability to identify and implement process improvements, including automation of manual processes required

About EmblemHealth

EmblemHealth is a non-profit health insurance company based in New York City. It is one of the largest non-profit health insurers in the United States, serving over 3 million people. EmblemHealth offers a range of health insurance plans, including HMO, PPO, and EPO plans, as well as Medicare and Medicaid plans. The company also offers wellness programs and disease management services. EmblemHealth was formed in 2006 through the merger of Group Health Incorporated (GHI) and the Health Insurance Plan of Greater New York (HIP). The company has offices in New York City and Albany, New York.
Learn more about EmblemHealth
Size
3,000 employees
Industry
Healthcare
Net Income
-$100 million
Founded
2006
5 Year Trend
-5%
Revenue
$10 billion
NASDAQ
* Ladders Estimates

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