Financial Reporting Accountant (Hybrid)

CareFirst, Inc.; Baltimore (MD); On-site; USD 64,000 - 127,000; Full time

Job summary

CareFirst BlueCross BlueShield seeks a Financial Reporting Accountant to prepare audited year-end GAAP/STAT statements, regulatory filings, and monthly financials. You will perform statutory adjustments, investment accounting, and schedule preparation for NAIC/BCBSA submissions.

The role involves assisting in consolidation, board package preparation, and supporting the disclosure committee. CPA eligibility and 3 years of relevant experience are preferred.

Qualifications

• Must have a Bachelor's degree in Accounting, Finance or related field, or equivalent experience.
• Three years of public accounting or corporate financial experience and CPA eligible.
• Strong analytical and communication skills with ability to meet deadlines.

Responsibilities

• Assist monthly consolidation and preparation of financial statements (B/S, P&L, cash flow).
• Prepare statutory adjustments to convert GAAP to statutory basis with supporting docs.
• Prepare GAAP investment accounting entries and reconciliations.
• Prepare quarterly investment notes and year-end investment reporting.
• Develop regulatory schedules and submits to state departments.
• Prepare annual GAAP and STAT notes to financial statements.

Skills

Analytical skills

Communication

Team player

Training ability

Deadline oriented

Education

Bachelor's degree in Accounting/Finance or related field

4 years relevant work experience in lieu of degree

Tools

Excel

Financial systems

Job description

Resp & Qualifications

PURPOSE: Under the general supervision of the Manager of Financial Reporting, the Financial Reporting Accountant is responsible for the preparation of the company's audited year-end GAAP and STAT statements along with the quarterly/annual regulatory filings with the various insurance departments. In addition, the incumbent is responsible for technical accounting research, preparing monthly financial statements, BSBSA reporting, investment accounting, quarterly finance committee board packages and quarterly disclosure committee packages.

ESSENTIAL FUNCTIONS:

• Assist in the monthly consolidation process and the creation of the monthly financial statements including balance sheet, P&L and cash flow statements. Also responsible for preparing the various income statements, graphs, etc. on a product and market segment basis used in the internal financial statement distributions. Assist in the preparation and compilation of the quarterly finance committee package and supporting schedules.
• Prepare Statutory accounting adjustments to convert GAAP ledger to a statutory basis, preparing supporting documentation, analytical review to ascertain required statutory adjustments, and rolling forward statutory equity. Assist in the preparation of the primary statutory statements (i.e., balance sheet, P&L) included in the Statutory quarterly/annual statements. Utilize knowledge statutory accounting principles (SSAP?s) to ensure financial results are presented accurately.
• Prepare monthly GAAP investment accounting entries and the supporting account reconciliations for investment accounts including posting all cash transactions, bond/stock acquisitions and dispositions and the associated gains/losses, investment income, and bond amortization. Prepare journal entries for quarterly mark to market, convertibles and other-than-temporarily impaired investments. Prepare various ad hoc analysis and reports in support of analyzing Schedule D and investment reporting requirements. On a quarterly basis, responsible for preparing all STAT investment accounting journal entries. Responsible for the preparation of year-end investment notes.
• Assist in the preparation of various exhibits, schedules and supplemental schedules of the annual and quarterly statutory financial statements (insurance blanks) including the investment schedules (Schedules BA, D, DA and E, etc.) and supplemental health care exhibits. Responsible for the preparation and submission of regulatory supplemental schedules to the state insurance departments. Prepare the annual risk-based capital (RBC) filing to NAIC and all reporting submissions to BCBSA.
• Prepare the annual GAAP & STAT Notes to financial statements. Responsible for preparing pension/401k plans financial statements and notes to financial statements. Assist in researching moderately complex accounting issues.

SUPERVISORY RESPONSIBILITY:

Position does not have direct reports but is expected to assist in guiding and mentoring less experienced staff. May lead a team of matrixed resources.

QUALIFICATIONS:

Education Level: Bachelor's Degree in Accounting, Finance or related field OR in lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience.

Experience: 3 years public accounting or corporate financial experience and CPA eligible.

Knowledge, Skills and Abilities (KSAs)

• This position requires strong analytical skills, excellent communication skills (both written and verbal).
• Strong PC and financial systems, strong problem solving skills.
• Ability to work independently and as a team member.
• Ability to train team members.
• Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence. Must be able to effectively communicate and provide positive customer service to every internal and external customer, including customers who may be demanding or otherwise challenging.

Licenses/Certifications Preferred:

• Certified Public Accountant (CPA)

Salary Range:

$64,080 - $127,270

Salary Range Disclaimer

The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, internal peer equity, and market and business consideration. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case's facts and circumstances, including but not limited to experience, internal equity, and location. In addition to your compensation, CareFirst offers a comprehensive benefits package, various incentive programs/plans, and 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements).

Department

Financial Accounting

Equal Employment Opportunity

CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of theCompany to provide equal employment opportunities to allqualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

Federal Disc/Physical Demand

Note: The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.

PHYSICAL DEMANDS:

The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.

Sponsorship in US

Must be eligible to work in the U.S. without Sponsorship

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