UnitedHealth Group - Deputy Manager - Claim 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. The prospective candidate will be part of a team assisting Regulatory Accounting & Reporting, a division of Regulatory Finance

UHC with the following responsibilities :

- Preparation of Quarterly & Annual Statutory Reports

- Prepare Analytical reports & document findings from the Analysis

- Support the Premium Deficiency Reserve (PDR) Process

- Maintain Internal controls and support regulatory and statutory audits

- Work on ad-hoc projects

Job Components - Part 2 Filings - Qtrly/Annual- Analyze and review general ledger accounts in preparation for month end close.

- Reviews accounting classifications, in accordance with generally-accepted accounting principles.

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

- Prepare Part 2 Schedules for quarterly and annual filings

- Prepare supplemental exhibits for quarterly and annual filings

- Prepare Footnote 25 a supplemental NAIC exhibit necessary for the regulatory filings

- Prepare additional medical claims support 'R File' for UHIC-CT and UHIC-NY legal entities PDR Qtrly

- Prepare base models and coordinate actuary review- Coordinate process and communication

- Request/monitor general ledger to ensure adjustments are recorded either in GAAP or STAT correctly Legal Entity Governance

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

- Monitor claim accounting exceptions (monthly) and report any issues to GAAP accounting team

- Develop monthly legal entity claims variance commentary to be distributed to the regulatory accounting teams Inter-segment Governance

- Ensure Inter-segment Paid Claims and Reserves follow approved contracts restatements run by legal entity and product / segment Adhoc As Needed

- Prepare documentation id support of external and internal audits- Collaborate during reporting and non reporting periods with other UHG departments, Legal Entity CEO & CFO, and external parties to resolve Legal Entity inquiries.

Required Skills :

- Exposure to US Insurance Financial Reporting preferred (or at least US GAAP Reporting), Thorough understanding of Accounting, General Ledger and chart-field attributes

- Ability to work under extremely tight deadlines and should be self driven in nature with minimal supervision on day to day activities

- Excellent oral and written communication

- Interpersonal skills, Attention to details and accuracy with analytical bent- Deliver Quality Results

- Working knowledge of software tools ( Ex: MS Excel, PeopleSoft, PDF, Access etc.)

- Ability to take direction and work on their own- High degree of Analytical acumen

- Ability to manipulate and synthesize large amount of data'Voice Requirement,

Educational Qualifications :

- CA, ICWA, CPA (preferred)

Experience :

- Experience in US GAAP or US Insurance Financial Reporting for 2 years.

- Overall experience should be 6-7 years

- Experience in participating and leading project work

Work Hours :

- Should be ready to work approximately 50-60 hours per week during peak quarter-end periods, and an estimated 40-45 hours per week during the remainder of the year Shift

- Should be ready to work in US Shift (6 PM IST to 3 AM IST) during the Transition period and during peak filing season. Should be in UK shift (2.30 PM IST to 12 AM IST) for the remainder of the year

Passport - Must. VISA - Must

Travel : Should be ready to travel, if required for a duration of 3-4 weeks

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 PowerPoint

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.SM

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