Senior Manager, Financial Reporting

Posted: 04/05/2023

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Primary Purpose:

Assists both the Chief Financial Officer and Controller, in Financial Services, in managing the internal and external financial reporting functions of the Association and its subsidiaries, ensuring the timely processing and review of all financial transactions captured in the general ledger, coordinating external audits, and staff supervision and development. This position will also communicate extensively with both internal and external HMSA department staff and management, executive leadership, and outside agencies (government, auditors, and financial institutions). This position will require interpretation and compliance with various accounting and tax standards, including working with our external tax consultant.

Minimum Requirements:
  1. Bachelor's degree in Business or related field and six years of related work experience, or an equivalent combination of education and work experience.
  2. Four years of previous management/supervisory experience.
  3. Knowledge of Generally Accepted Accounting Principles (GAAP), Statutory Accounting Principles (SAP), CAS standards, FASB Pronouncements, Internal Revenue Code.
  4. Knowledge of server-based accounting software systems.
  5. Demonstrated knowledge of and ability to apply principles of financial accounting and complex analysis.
  6. Knowledge of medical insurance or healthcare industries.
  7. Basic working knowledge of Microsoft Office applications. Including but not limited to Word, Excel, Outlook, and Power Point.
Duties and Responsibilities:
  1. Manage financial reporting for HMSA and its subsidiaries to ensure the timely preparation of the HMSA and Subsidiary companies' financial statements.
    • These financial reports are for both internal and external audiences.
    • Assist the Controller and CFO in setting policy in accordance with Generally Accepted Accounting Principles (GAAP), Tax and Statutory Accounting Principles (SAP).
    • This includes researching, analyzing, interpreting, and communicating financial information to officers, department heads, and internal and external auditors.
  2. Manage and provide direction to staff responsible for the accurate accounting and reporting of HMSA's financial position and performance.
    • Review staff's work for accuracy, timeliness, and adherence to established internal controls.
    • Supervise, develop, and train staff to be a productive team. Communicate with other departments to collaborate and share detailed information on a monthly basis.
    • Also responsible for financial compliance with regulatory standards, i.e. individual contract terms, Cost Accounting Standards (CAS), and other Federal and State regulations, including all required regulatory reporting (e.g. Quarterly blank)
  3. Responsible for accurate recording and reporting of our major plan accountings, i.e., AFM/ASO and State Plan.
    • As requested, some assistance/information may be required by HGRP personnel for Federal Plan, Medicare, Medicaid, and QUEST plan accounting.
    • Also responsible for financial compliance with regulatory standards and reporting for these plans, i.e., CAS Standards, FAR Regulations, and other Federal and State regulations.
  4. Coordinate preparation of all workpapers and footnotes for both GAAP and SAP-based external audits
  5. Actively participate in projects related to new corporate business initiatives and be a business advisor to others within the Association regarding accounting, tax, and financial analysis.
    • Provide recommendations to control costs within HMSA's established goals.
    • Able to stay current with the Affordable Care Act (ACA) legislation and manage process to report Medical Loss Ratio (MLR) and Risk Based Capital (RBC) for the Association.
  6. Work with the Controller, CFO and HMSA executives, managers, and supervisors to assure all major finance and accounting duties and responsibilities are being successfully performed in a timely and efficient manner, and within budget.
    • Respond to ad-hoc data requests, analysis and reporting from executives, management, and internal departments as well as external business partners.
  7. Work with Manager, Financial Operations, Controller, and CFO with managing the processing and implementing any changes to HMSA's employee benefit program.
    • This will include, but not limited to, the pension, 401k, long-term disability, group life insurance, and flexible spending programs. Ensure that all transactions are properly processed and in compliance with applicable regulations.
    • Also, directly work with executive staff on various executive benefit programs.
  8. Perform all other miscellaneous responsibilities and duties as assigned or directed.
**Hybrid Work Environment - Must reside in Hawaii **

Equal Opportunity Employer – Minorities/Women/Protected Veterans/Disabled

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