UnitedHealth Group - Deputy Manager - Accounting

Discipline : Finance

Industry : Accounting

Job Description :

If you want to achieve more in your mission of health care, you have to be really smart about the business of health care. Financial discipline and accountability count more today than ever. Which is why your performance and innovation will find a reception here like nowhere else as you help people live healthier lives while doing your life's best work.

Responsibilities in this role include :

- Maintain general ledger accounts and related activities for the production of financial statements and reports.

- Reconcile, analyze and review general ledger accounts in preparation for month end close.

- Prepare journal entries and reviews accounting classifications, in accordance with generally-accepted accounting principles.

- Prepare documentation in support of external and internal audits.

- Perform ad hoc reporting and analysis and investigate issues providing explanations and interpretation.

- Analyze and prepare financial statements, including balance sheets and statements of financial position.

- Assist with or lead the month end quarterly end close process for assigned businesses or groups

- Performs work in a self-directed manner and works with less structured, more complex issues.

- Serve as a resource to others.

- Senior Accountant Reserving

Position Description :

- The position plays a key role in monthly reserving process for various health insurance legal entities and markets across various segments of business.

- Responsibilities include calculation and analysis of medical cost reserve estimates, analysis to ensure estimates are accurately reflected in the general ledger, prepares journal entries and reviews accounting classifications, in accordance with generally-accepted accounting principles and performs reconciliation.

- In addition to this, need to prepare schedules along with commentary on variances for market reviews.

Primary Responsibilities :

- Perform claims tie-out to reserving files to ensure data accuracy and integrity In conjunction with actuaries and management team (segment CFOs), adjust the monthly claim reserve estimates by market and by entity Calculate, analyze and explain medical cost reserves for assigned products and market Maintain medical reserving (IBNR) models on a monthly basis, including update of factors to be used in the model (Ex. seasonality and unit cost data)

- Prepare analysis of catastrophic claims activity and special adjustments for consideration in reserving process Reconcile, analyze and review general ledger accounts in preparation for month end close Prepare monthly management summary reports of medical retro activity by Type of Service, date of service and reason code Prepare reserve adjustment journal entries

- Prepare schedules along with commentary on variances for market review Perform ad hoc reporting and analysis and investigate issues providing explanations and interpretation

- Assist with the month end / quarter end close process for assigned businesses or groups Run and analyze system queries / reports Provide explanations and interpretations within area of expertise

No. of Openings : 1

Qualification :

- Bachelors Degree in Accounting, Finance or equivalent - 4+ years of professional accounting experience.

- Solid understanding of generally accepted accounting principles and financial statements-Assesses and interprets customer needs and requirements.

- Identifies solutions to non-standard requests and problems. -Solves moderately complex problems and/or conducts moderately complex analyses.

- Intermediate level of proficiency with MS Word, Excel and Power Point Technology Careers with Optum. Information and technology have amazing power to transform the health care industry and improve people's lives. This is where it's happening.

- This is where you'll help solve the problems that have never been solved. We're freeing information so it can be used safely and securely wherever it's needed. We're creating the very best ideas that can most easily be put into action to help our clients improve the quality of care and lower costs for millions.

- This is where the best and the brightest work together to make positive change a reality. This is the place to do your life's best work.

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