What are the responsibilities and job description for the Lead Statutory Accountant (Hybrid/Troy, MI) - Health Alliance Plan position at Health Alliance Plan?
General Summary
The Lead Statutory Accountant, working in a hybrid environment, is primarily responsible for the preparation of statutory financial reports. This role requires in-depth research and reference to documented procedure manuals to ensure all phases of statutory reporting are completed in compliance with state filing requirements, statutory accounting principles, and NAIC guidance. A thorough understanding of US GAAP is also required.
Principle Duties And Responsibilities
The Lead Statutory Accountant, working in a hybrid environment, is primarily responsible for the preparation of statutory financial reports. This role requires in-depth research and reference to documented procedure manuals to ensure all phases of statutory reporting are completed in compliance with state filing requirements, statutory accounting principles, and NAIC guidance. A thorough understanding of US GAAP is also required.
Principle Duties And Responsibilities
- Lead preparation of recurring state/federal/corporate filings:
- Quarterly and annual statutory insurance filings and assist with other related filings as needed
- Statutory accounting reporting of investments securities and income
- Monthly financial statement preparation (journal entries, account reconciliations and analytical schedule)
- Statutory filing software, upgrades, and maintenance
- Coordinate with various departments in order to obtain required data necessary to complete filings.
- Monitor changes in statutory accounting principles and reporting regulations to ensure compliance.
- Draft required footnotes and prepare detailed supporting documentation for both statutory and US GAAP reporting purposes.
- Collaborate with HAP Finance Management and external auditors to ensure timely and accurate completion of annual filings.
- Coordinate with investment custodians and treasury department staff to ensure accurate GAAP and statutory accounting of investment securities and income.
- Ensure the Accounting department accurately prepares statutory insurance filings in accordance with applicable reporting standards.
- Assist the Manager with analysis of investment income, amortization, purchases, sales, and reconciliations for both short- and long-term investments.
- Work with teams cross-functionally.
- Perform other duties as assigned by Finance Management.
- Bachelor's degree in Accounting required.
- Master’s degree in accounting/finance/business administration is a plus.
- CPA preferred.
- Minimum of 4 years of experience in Accounting required.
- Minimum of 4 years of quarterly and annual preparation of Statutory Insurance Blanks preferred.
- Experience in healthcare accounting preferred.
- Strong analytical and problem-solving skills.
- Excellent written and verbal communication abilities.
- High attention to detail and accuracy.
- Ability to meet deadlines under pressure.
- Self-motivated and capable of working independently with minimal supervision.
- Proficient knowledge of accounting principles and procedures, financial analysis techniques, and both GAAP and statutory reporting standards.
- Experience using Power BI is a plus.
- Experience using Blackline, Workiva, and other financial close optimization tools is a plus.
- Organization: HAP (Health Alliance Plan)
- Department: ACCOUNTING
- Shift: Day Job
- Union Code: Not Applicable