What are the responsibilities and job description for the Manager Financial Accounting/Reporting/Analysis position at Elevance Health?
Location: This role requires associates to be in-office 3 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office.
Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.
The Manager Financial Accounting/Reporting/Analysis is responsible for accounting and project teams, in support of the Federal Government Solutions Wellpoint Federal Solutions federal businesses. Oversees a team of general and contract accountants, who are responsible for accurate, timely, and consistent execution of accounting functions, which are critical for ensuring compliance with US Generally Accepted Accounting Principles (GAAP), as well as complying with the complexities of Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS). Performing these functions with precision and excellence supports an accounting system that is approved for federal government contracting.
How You Will Make An Impact
Requires BA/BS in Accounting, Finance, or Business and minimum of 8 years progressively more responsible experience in a Controller or senior financial management position with a medium to large insurance company; or any combination of education and experience, which would provide an equivalent background.
Preferred Skills, Capabilities, And Experiences
Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.
Who We Are
Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.
How We Work
At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.
We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.
Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.
The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.
Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process should submit the Accessibility Accommodation Request Form and a member of the team will be in contact.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.
Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.
Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.
The Manager Financial Accounting/Reporting/Analysis is responsible for accounting and project teams, in support of the Federal Government Solutions Wellpoint Federal Solutions federal businesses. Oversees a team of general and contract accountants, who are responsible for accurate, timely, and consistent execution of accounting functions, which are critical for ensuring compliance with US Generally Accepted Accounting Principles (GAAP), as well as complying with the complexities of Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS). Performing these functions with precision and excellence supports an accounting system that is approved for federal government contracting.
How You Will Make An Impact
- Orchestrating month end close, including review of journal entries and reconciliations, monthly and quarterly financial reporting and analysis, and complex and comprehensive analysis of financial results.
- Ensures proper revenue recognition by contract.
- Oversees sales and use tax calculations and submission.
- Manages Aged Receivables and prepares monthly variance explanations for Billed and Unbilled Accounts Receivable balances.
- Facilitates year end processing and closing in Costpoint (accounting system book of record).
- Oversees invoicing, coordinating additional requirements for updates to provisional rates, incurred cost submission adjustments, and final negotiation of indirect rates.
- Establishes standard operating procedures and desk procedures for accounting team activities.
- Optimizes company profit by ensuring contract costs are perpetually reconciled with invoicing (Booked to Billed), which also facilitates efficient contract close out.
- Prepares annual financial statements and quarterly Board of Director financial deck.
- Manages SOX and other internal controls.
- Coordinates and leads critical and complex projects.
- Prepares internal management reporting and manages internal and external audits.
- Hires, trains, coaches, counsels, and evaluates performance of direct reports.
Requires BA/BS in Accounting, Finance, or Business and minimum of 8 years progressively more responsible experience in a Controller or senior financial management position with a medium to large insurance company; or any combination of education and experience, which would provide an equivalent background.
Preferred Skills, Capabilities, And Experiences
- CPA, CFM or CMA designation preferred.
- MBA or Masters in Accounting preferred.
Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.
Who We Are
Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.
How We Work
At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.
We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.
Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.
The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.
Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process should submit the Accessibility Accommodation Request Form and a member of the team will be in contact.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.
Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.