Financial Anlayst
Year Noida, Uttar Pradesh, India
Job Description
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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.
Primary Responsibilities: The prospective candidate will be part of the UHC Regulatory Accounting & Reporting team, a division of Regulatory Finance with the following responsibilities:
- Participate in the preparation of the Quarterly and Annual Statutory Financial Statements in a combination of the following activities:
- Prepare Quarterly and Annual Statutory Financial Statements. This involves preparing and recording journal entries in Statutory Accounting Principles (SAP) and Medical Loss Ratio (MLR) requirements. Preparing schedules including the balance sheets, income statements, changes in capital and surplus, statements of cash flow, supporting schedules, and footnotes. Preparing the accompanying supplemental filings related to Health Care Reform and other state supplemental filings
- Prepare quarterly claim exhibits, supplements, and supporting documentation for assigned legal entities. Support actuarial certification of the schedules annually
- Prepare and analyze premium deficiency reserve evaluation models for assigned legal entities; work directly with actuary, legal entity management and other stakeholders to determine appropriate assumptions and results
- Preparation of MLR/SHCE exhibit and filings, Capital planning documentation and FP&A workpapers
- Additional responsibilities for this position may include:
- Independently research, analyze and troubleshoot accounting issues, ad-hoc requests, and other reporting outputs; make use of NAIC, SSAP and other relevant and recognized guidance, propose solutions and communicate with stakeholders
- Work on project teams outside of active reporting periods to respond to changing technical requirements, new reporting needs, and suggestions for improved team performance
- 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
Job Components:
- Prepare 1 low to medium size legal entity financial statements, or components of, including underlying work papers and checklists under extremely tight deadlines with high attention to detail and accuracy
- Prepare documentation in support of external and internal audits and provide support for Department of Insurance inquiries and examinations
- Prepare communications and Board reports for regulated entity officers and directors and the audit committee
- Maintain compliance with key controls, department policies, and the standard accounting, reporting practices & procedures
- Interface with business contacts for questions / issues on quarterly filings
- Liaison / oversee the liaison with business partners / Controllership (analytic findings, special requests, data issues)
- Communicate with legal entity team members and directors as required as well as in 1:1 meetings
- Thorough understanding of Accounting, General Ledger and chartfield attributes
- Participate / lead initiatives on working groups to develop and implement innovative approaches for continued improvement in efficiency & effectiveness
- Work with attention to details and accuracy with analytical bent
- Anticipates customer needs and proactively develops solutions to meet them
- Solve complex problems and/or conduct complex analyses, including non-standard requests
- Deliver quality results
- CA / CPA / CMA / ACCA or equivalent certification - 1+ months of post-qualification experience
- 3+ years of experience in CA (Inter)/CMA (Inter)
- Intermediate level of proficiency with software tools (Ex: Microsoft Excel, Word, PowerPoint, PDF, PeopleSoft, Hyperion Essbase / Smart View etc.)
- Proven excellent oral and written communication
Preferred Qualifications:
- Public accounting / auditing experience
- Health care experience
- Accounting experience handling regulated entities - Monthly / quarterly financial accounting and reporting
- Experience with Hyperion Essbase / Smart View and PeopleSoft Financials
At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone\xe2\x80\x93of every race, gender, sexuality, age, location and income\xe2\x80\x93deserves 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 \xe2\x80\x94 an enterprise priority reflected in our mission.
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Job Detail
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Job IdJD3316238
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationNoida, Uttar Pradesh, India
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EducationNot mentioned
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ExperienceYear