Assistant Manager - Accounts
- Optum
- 3 - 5 years
- Hyderabad
- 8 months ago
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Job Description
This position requires candidate to have a good understanding of Revenue, Expenses, Passthru, Reconciliation, P&L and Balance sheet exposure and and US GAAP.
She/He 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
Required Qualifications:
- Bachelor's degree in Accounting / M.Com, MBA Finance, CA Inter, equivalent experience ( 3-5 years)
- 5+ years of professional accounting experience
- Experience working with general ledger / sub-ledger accounting applications
- 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 varience analysis & Commentary Writing
- Proven excellent Written and verbal communication skills
- Proven sbility to handle multiple tasks.
Job Classification
Industry: RetailFunctional Area / Department: Finance & AccountingRole Category: Finance & Accounting - OtherRole: Finance & Accounting - OtherEmployement Type: Full timeContact Details:
Company: OptumLocation(s): Hyderabad
Keyskills: Accounts balance sheet us gaap advanced excel journal entries accounting general ledger financial statements
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Optum
About: OptumInsight India Pvt Ltd, a UnitedHealth group company is a leading health services and innovation company dedicated to help make the health system work better for everyone. With more than 115,000 people worldwide, Optum combines technology, data and expertise to improve the delivery, ...
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