Assistant Manager - Accounting

UnitedHealth Group
May 11, 2024
May 16, 2024
Work Mode
Work from office
Full Time
Organization Type
Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by diversity and inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health equity on a global scale. Join us to start Caring. Connecting. Growing together.
This position requires candidate to have a good understanding of Revenue, Expenses, Passthru, Reconciliation, P&L and Balance sheet exposure and and US GAAP. They in this position would need to look at the State contracts (International contracts), build the Medicaid/Medicare plan documentation/process creation and prepare Monthly reporting. Understand from service standpoint how Month close templates are done.
Primary Responsibilities:
- Own primary responsibility for the accuracy and completeness of health plan financial statements
- Maintain general ledger accounts and related activities for the production of health plan financial statements and reports
- Reconcile, analyze and review general ledger accounts in preparation for month end close cycles
- Prepare journal entries and review accounting classifications, in accordance with generally-accepted accounting principles
- Assist with or lead the month-end and quarter-end close process for assigned health plan(s)
- Perform both routine and ad hoc reporting and analysis for assigned health plan results, taking lead on the investigation, resolution, and interpretation of issues to management
- Responsible for managing and preparing Financial reports for external filings.
- Own primary responsibility for the fulfillment of audit (internal and external) requests, as needed
- Support the organization's sound internal control structure around U.S. GAAP, Sarbanes-Oxley and Model Audit Rule compliance (as applicable)
- Liaise with core business partners within the organization for assigned health plans, including but not limited to Regulatory Reporting, Health Plan Finance, FP&A, Actuarial, Legal, Compliance
- Collaborate with management with the identification and documentation of financial risks and opportunities impacting assigned health plan(s)
- Work towards being subject matter experts on various Medicaid contract provisions for assigned health plan(s), including risk share arrangements and performance guarantees, where applicable
- Adapt to and manage through financial impacts of the Affordable Care Act (health care reform) to assigned health plan(s)
- Collaborate with management to adapt to and manage through contract amendments / renewals and the resulting accounting impacts
- Perform work in a both team-oriented and self-directed work environments and demonstrate ability to work with less structured, more complex issues
- Serve as a resource to others within the Controllership, including onshore staff based in US
- Collaborate with team members on special projects, as needed
- Comply with the terms and conditions of the employment contract, company policies and procedures, and any and all directives (such as, but not limited to, transfer and/or re-assignment to different work locations, change in teams and/or work shifts, policies in regards to flexibility of work benefits and/or work environment, alternative work arrangements, and other decisions that may arise due to the changing business environment). The Company may adopt, vary or rescind these policies and directives in its absolute discretion and without any limitation (implied or otherwise) on its ability to do so
Required Qualifications:
- Bachelor's degree in Accounting / M.Com, MBA Finance, CA Inter, equivalent experience
- 4+ years of professional accounting experience (R2R/General ledger accounting)
- Experience working with general ledger / sub-ledger accounting applications
- Comes with good experience working with reporting tools like Hyperion and PeopleSoft General ledger
- Proven good understanding of U.S. GAAP
- Intermediate proficiency utilizing Microsoft Office Suite applications (Advanced Excel, Word, Powerpoint)
- Proven analytical skills and an eye for detail, Hands on exposure to variance analysis & Commentary Writing
- Proven excellent Written and verbal communication skills
- Ability to handle multiple tasks
At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.