SUMMARY
The Senior II – Accounting is responsible for applying generally accepted accounting principles in accordance with U.S. GAAP, perform procedures to analyze financial information, prepare accurate and timely financial statements for clients, and ensure appropriate internal control policies and procedures are adhered to.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Oversees deposits of cash on time while keeping accurate accounting records.
Keeps the manager up to date on all relevant and appropriate matters as it pertains to his/her position.
Prepares monthly journal entries and maintains complete records of these transactions.
Reconciles bank statements and keeps an accurate running total of cash on hand.
Ensures monthly balance sheet account reconciliations are prepared timely and accurately.
Monitors timeliness and accuracy of capitation payments received from payors.
Ensures all payables are processed accurately and on time.
Maintains a tracking system of all clients’ monthly capitation revenue, shared/full risk revenue and incentive income.
Prepares and updates monthly IBNR calculation schedules.
Compile and analyze financial information to prepare financial statements including monthly and quarterly management reports in accordance to U.S. GAAP.
Oversees accurate and appropriate recording and analysis of revenues and expenses and ensure financial records are maintained in compliance with accepted policies and procedures.
Ensures accurate and timely monthly, quarterly and year-end close processes making certain all financial reporting deadlines are met.
Assists in preparation and submission of quarterly and annual reports as required by Department of Managed Health Care’s agreement.
Submits quarterly and annual financial reports to the health plans.
Manages daily cash flow and determine excess cash for maximization of return.
Supports the budget and forecast activities; including fluxes preparation against actual results.
Monitors and supports taxation requirements for provision, as well as complete and issue Form 1099 filings.
Prepares for financial audit and coordinate the audit process including working with external auditors and health plans.
Collects and analyzes financial information and develop and maintain financial databases.
Ensures compliance with relevant laws and regulations and integrity of financial data.
Assists with ad-hoc procedures and tasks as requested from management.
EDUCATION and/or EXPERIENCE
Bachelor’s Degree in Accounting or equivalent from an accredited university
Three plus years progressively responsible experience in accounting
Knowledge and experience in the managed care accounting is preferred
Experience working in a public accounting firm is preferred
Strong quantitative and analytical skills and the ability to interpret financial data, including financial statements and key ratios
High proficiency in Microsoft Word and Excel; experience involving extensive work with complex spreadsheets
Team player who doesn’t mind digging into the details
Understanding of US GAAP and experience researching technical accounting issues
Highly motivated individual who can work independently
Experience with SOX 404 is a plus
Knowledge of SAGE 100 accounting software is a plus
Knowledge of Microsoft SQL a plus.
STATUS
Exempt
PHYSICAL DEMANDS
While performing the duties of this job, the employee is occasionally required to:
Stand
Walk
Sit
Reach with hands and arms
Stoop
Kneel
Crouch, or crawl
Talk or hear.
ADDITIONAL INFORMATION
The job description does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs of the employer and requirements of the job change.
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