Gateway Health Llc
Job Description :
This job oversees the financial accounting and reporting activities for the Company in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP) and/or Statutory Accounting Principles (SAP). Accountabilities include directing the accounting and reporting department which is responsible for the internal and external financial statement compilation process, maintenance of general ledgers, operational accounting, research and implementation of applicable GAAP and SAP technical guidance and communicating implications of guidance to senior management. Also includes responsibilities over certain treasury and shared services functions. The incumbent leads various direct and indirect reports primarily consisting of accounting and reporting managers, as well as lead and senior accountants and analysts.
Perform management responsibilities to include, but are 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.
Direct the monthly financial close processes and coordinating closely with the FP&A and actuarial departments. Also accountable for certain treasury, operational accounting, shared services, and tax areas.
Timely and accurate issuance of the audited financial statements, board and committee deliverables, debt covenants, as well as having responsibility for certain insurance department and related regulatory filings for the Company. Coordinate external audit process/activities with external auditors. External auditors include Commonwealth of Pennsylvania & other State Insurance Department auditors, various government program auditors, and the Company's external CPA auditors. Ensures that financial information is presentable for the auditors and be available for explanations and questions.
Effectively develop financial accounting policies and direct the financial accounting functions of the Company. Accountable for the general ledger of the Company. This includes but is not limited to review of the general ledger activity, active monitoring of the general ledger rolling reports as well as maintenance/deployment of the general ledger, consolidation tools, data repositories and reconciliation tools.
Responsible for the proper recording and maintenance of accounting records in accordance with GAAP and/or SAP. This includes but is not limited to active monitoring/review of the general ledger activity, analysis and investigation of fluctuations, trends and account balances, including significant financial statement line items such as premium revenue, net patient service revenue and claims.
Stay abreast of new accounting pronouncements that impact the Company and advise senior management of their impact to the organization. Direct the adoption of the new guidance, periodically in conjunction with the impacted finance or business areas. Communication of Accounting Updates and/or Financial Statement presentations to Audit Committees or Board of Directors charged with governance for assigned companies. Responsible for explaining accounting positions, new accounting guidance and their impact to the Company, required financial statement disclosures and financial results.
Establish and direct the procedures and controls required to ensure effective internal control and risk mitigation critical for the timely, accurate and efficient accounting and reporting of assigned processes.
Lead and manage critical corporate initiatives and projects that require a high degree of interaction with senior management.
Other duties as assigned or requested.
- 7 years in the Finance or Accounting field OR
- 7 years of broad-based technical background in financial concepts OR
- 7 years with Generally Accepted Accounting Principles (GAAP), accounting practices and controls, corporate tax regulations
5 years of Big 4 Public Accounting or comparable experience with large regional CPA Firm, preferably in the insurance or healthcare industry
5 years in Accounting for insurance or provider entities
5 years in Financial accounting consolidation practices
5 years in Computerized accounting systems (e.g. Oracle, SAP, PeopleSoft) & consolidation packages (e.g. Hyperion)
LICENSES or CERTIFICATIONS
Strong technical abilities and must be able to interpret and clearly understand authoritative accounting guidance
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
Self-confident with an ability to accept and respond to challenges in a positive manner. Strong and effective verbal and written communication skills
Strong and effective verbal and written communication skills
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
Language (Other than English):
0% – 25%
PHYSICAL, MENTAL DEMANDS and WORKING CONDITIONS
Teaches / trains others regularly
Travel regularly from the office to various work sites or from site-to-site
Works primarily out-of-the office selling products/services (sales employees)
Physical work site required
Lifting: up to 10 pounds
Lifting: 10 to 25 pounds
Lifting: 25 to 50 pounds
Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.
Compliance Requirement: This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.
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.
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