Manager - Financial Reporting

Independence Blue Cross; Philadelphia (Philadelphia County); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Independence Blue Cross is seeking a Manager of Financial Reporting to lead the financial close, GAAP and statutory reporting for Independence Health Group and its subsidiaries. Reporting to the Director of Corporate Accounting and Financial Reporting, you will manage a team and ensure deliverables are accurate, timely, and well-supported.

You will partner with cross-functional teams to strengthen internal controls, improve documentation, and drive process improvements, while responsibly

Qualifications

• Bachelor's degree in Accounting is required.
• Ten or more years of progressively responsible accounting/financial reporting experience.
• Experience supervising accounting staff.
• Experience in health insurance or regulated industries preferred.

Responsibilities

• Manage financial close and reporting activities with journal entries and reconciliations.
• Oversee monthly, quarterly, and annual reporting cycles and calendars.
• Review GAAP, statutory, NAIC, regulatory reporting deliverables.
• Lead and develop a team of accounting professionals.
• Enhance internal controls and streamline reporting processes.
• Coordinate audit support and regulatory examinations.
• Support automation and AI-enabled tools in accounting and reporting.

Skills

Leadership

GAAP knowledge

Internal controls

Communication skills

Analytical thinking

Project management

Education

Bachelor's degree in Accounting

Tools

PeopleSoft

Excel

PowerPoint

Job description

Bring your drive for excellence, teamwork, and customer commitment to Independence. Join us as we renew and reimagine the future of health care. Together we will achieve our mission to enhance the health and well-being of the people and communities we serve.

Reporting to the Director of Corporate Accounting and Financial Reporting, the Manager of Financial Reporting is a key leader within the Corporate Accounting function, responsible for overseeing financial close, financial reporting, statutory reporting, and regulatory reporting activities for Independence Health Group (IHG) and its subsidiaries. This role ensures all reporting deliverables are accurate, complete, timely, and supported by appropriate documentation, while complying with GAAP, Statutory Accounting Principles, regulatory requirements, and internal policies.

The Manager leads and develops a team responsible for the day-to-day execution of reporting activities, including workload management, review of deliverables, coordination of reporting calendars, and resolution of outstanding items. This role partners closely with cross-functional teams to enhance reporting processes, strengthen internal controls, improve documentation, and drive continuous improvement across the Corporate Accounting function. The Manager also escalates significant accounting, audit, regulatory, or control-related matters to the Director as appropriate.

Specific Duties

• Manage assigned financial close and reporting activities, including review of journal entries, account reconciliations, financial statement schedules, variance analyses, reporting packages, statutory schedules, and regulatory filings, ensuring deliverables are accurate, complete, timely, and well-supported.
• Oversee monthly, quarterly, and annual reporting cycles for assigned entities and reporting areas, including reporting calendar coordination, deliverable tracking, workload prioritization, follow-up on open items, and timely resolution of reporting issues.
• Review GAAP, Statutory, NAIC, regulatory, and management reporting deliverables for assigned legal entities, including financial statements, exhibits, schedules, supplemental filings, and supporting documentation.
• Lead, develop, and evaluate a team of accounting professionals by providing coaching, performance feedback, and support for career development.
• Drive the development, enhancement, and documentation of internal controls, reporting processes, financial reporting procedures, and process improvement initiatives. Identify control gaps and process inefficiencies, recommend solutions, and strengthen the accuracy, consistency, and efficiency of reporting activities.
• Serve as the primary escalation point for complex accounting and reporting matters. Review analyses and accounting conclusions, ensure appropriate application of accounting guidance and reporting requirements, and elevate significant issues to the Director as needed.
• Coordinate audit support activities, including preparing and reviewing documentation, responding to information requests, resolving routine inquiries, and escalating significant issues.
• Support regulatory examinations and compliance reporting requirements, including preparation and coordination of responses, supporting documentation, and filings such as Medical Loss Ratio (MLR) reporting, risk-based capital reporting, and other statutory and regulatory submissions.
• Partner with Accounting, FP&A, Actuarial, Tax, Treasury, Legal, Regulatory, and business teams to understand drivers of financial results and assess reporting implications.
• Support efforts to automate, streamline, and responsibly leverage AI-enabled tools within accounting and reporting processes to improve efficiency, reduce manual effort, and enhance accuracy and scalability.

Knowledge, Skills, and Abilities

• Proven ability to lead, develop, and retain accounting professionals.
• Strong knowledge of GAAP, Statutory Accounting Principles, NAIC guidance, internal controls, and financial reporting requirements.
• Ability to evaluate accounting conclusions, reporting impacts, and financial statement presentation matters.
• Excellent communication skills with the ability to explain accounting and reporting concepts to senior leaders, auditors, regulators, and non-accounting stakeholders.
• Experience overseeing financial close, reporting, audit, and compliance activities in a complex organization.
• Experience preparing and reviewing financial statements, regulatory filings, reporting packages, variance analyses, and supporting documentation.
• Experience working with ERP systems, such as PeopleSoft, and financial data tools to improve efficiency and reporting accuracy.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Strong analytical and problem-solving skills, including the ability to identify trends, assess risks, and interpret financial results.
• Demonstrated ability to manage multiple priorities and deadlines through effective planning and delegation.
• Commitment to continuous improvement, including the responsible use of emerging technologies and AI-supported tools to enhance accounting operations and reporting processes.

Education and Experience

• Bachelor's degree in Accounting required.
• Ten or more years of progressively responsible experience in accounting, financial reporting, audit, or a related finance function required.
• Prior experience managing or formally supervising accounting staff required.
• Experience in health insurance, regulated industries, statutory reporting, complex legal entity environments, public accounting, or financial reporting preferred.

Independence has implemented a “Hybrid” model which consists of Associates working in the office 3 days a week (Tuesday, Wednesday & Thursday) and remotely 2 days a week (Monday & Friday). This role is designated as a role that fits into the “Hybrid” model. While associates may work remotely on our designated remote days, the work must be performed in the Tri-State Area of Delaware, New Jersey, or Pennsylvania.

IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.

Inclusion and Belonging

At IBX, everyone can feel valued, supported, and comfortable to be themselves, and all associates have a fair opportunity to achieve their full potential. We put these principles into action every day by acting with integrity and respect. Celebrating and embracing diverse thoughts and perspectives that make up our workforce means our company is more vibrant, innovative, and better able to support the people and communities we serve.

About Our Company

Serving more than 8 million people nationwide, including 2.5 million in southeastern Pennsylvania, Independence Health Group — together with its subsidiaries — is the leading health insurance organization in the Philadelphia region. Our mission to build healthier lives for you, your family, and your employees shapes our actions and decisions every day.

At Independence, we see each of our members as an individual, with unique needs and concerns. We’re dedicated to harnessing the very latest ideas and technologies to deliver access to care that meets those needs and surpasses your expectations. For more information about Independence access our website at www.ibx.com. We’re revolutionizing health care, and our focus is on you!

IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.