Health Care Service Corporation

Sr Mgr Financial Balancing & Controls

Health Care Service Corporation • $92K — $167K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Finance, or Accounting
  • 7 years of professional experience in accounting or project management
  • 4 years of management experience in a business or finance environment
  • Strong written and verbal communication skills for all management levels
  • Proficiency in PC applications including Word, Excel, PowerPoint, and Lotus Notes
  • Exceptional analytical abilities with attention to detail
  • Willingness to travel, including overnight stays.

Responsibilities

  • Lead and manage financial processes and reporting of premiums and claims
  • Oversee communication with auditors and ensure quality responses
  • Provide final approval for all department journal entries
  • Assist in developing and implementing financial reporting system changes
  • Manage vendor balancing, payments, and pharmacy rebates
  • Coordinate efforts related to mergers and acquisitions impacting financial reporting.
  • Ensure timely and accurate bank reconciliations across departments.

Benefits

  • Health and wellness benefits
  • 401(k) savings plan and pension plan
  • Paid time off and paid parental leave
  • Disability insurance and supplemental life insurance
  • Employee assistance program and paid holidays
  • Tuition reimbursement and other incentives
  • Robust total rewards package offered.
Full Job Description
Job Summary

This position is responsible for leading and managing the financial processes and the internal and external reporting of premiums, claims, capitations, bank reconciliations, vendor balancing and payments, pharmacy rebates, hospital discounts. Oversees communication with auditors, reviewing responses for quality and consistency, and responding to queries about overall process and procedures. Provides final approval of all department journal entries and account reconciliations. Assists in the development and coordination of major financial reporting system changes associated with new product lines, mergers, acquisitions, etc., that impact premiums, claims, capitations, pharmacy rebates, bank reconciliations, etc., and oversees the implementation of those changes.

Required Job Qualifications:
  • Bachelor's in Business, Finance OR Accounting
  • 7 years professional work experience in accounting and/or managing projects
  • 4 years of management experience a Business-related field OR in Finance
  • Clear, concise, grammatical communication with appropriate word choice, to all levels of management
  • PC proficiency to include Word, Excel, PowerPoint and Lotus Notes
  • Excellent analytical skills, detailed-oriented, managing and prioritizing several tasks at the same time
  • Ability and willingness to travel within assigned areas of responsibility, including overnight stays


Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!

Pay Transparency Statement:

At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees. Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards.

The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan.

Flex employees are expected to be in the office a minimum of three days a week. Management will have discretion to modify an employee's weekly schedule for exigent circumstances.

Base Pay Range
$92,700.00 - $167,500.00

Exact compensation may vary based on skills, experience, and location.

About Health Care Service Corporation

Health Care Service Corporation (HCSC) is the largest customer-owned health insurer in the United States. HCSC offers a wide variety of health insurance products and related services, through its operating divisions and subsidiaries in Illinois, Montana, New Mexico, Oklahoma and Texas. HCSC's headquarters is located in Chicago, Illinois.
Learn more about Health Care Service Corporation
Size
24,000 employees
Industry
Founded
1936

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