UnitedHealth Group - Manager - Accounting

Discipline - Finance

Industry - Accounting

Job Description:

This position requires the candidate to have a very good understanding of financial processes, analysis, reporting and accounting.

He/She should be in a position for applying accounting principles and procedures to analyze financial information, prepare accurate and timely financial reports and statements and ensure appropriate accounting control procedures.

He/She should be in a position to supervise and direct financial analytics and reporting staff, manage projects, implement and improve internal controls, drive efficiencies in the team, provide reports and management dashboards and serve as an escalation point of customer and address issues.

The incumbent will be responsible for managing career growth within the department and maintaining employee job satisfaction, as well as maintaining relationships and collaborating with business partners to meet business goals.

Job Components:

Supervise and master all the financial processes within the team

Guide the team in creating, updating and maintaining the processes as per the changing business needs.

Be hands on in working with the team on the financial processes, reporting, analytics and acoounting for revenue and membership.

Review and approve the reports sent to the onshore.

Be the subject matter expert on all the processes and reporting and be the go to person for our business partners.

Manage the monthly billing and accrual process for different revenue sources to ensure accurate financial results within established timeframes.

Support in Research and evaluate trends and variances in health care revenues and receivables as well as variance analysis related to volume and rates.

Ensure financial records are maintained in compliance with accepted policies and procedures

Resolve accounting discrepancies and irregularities

Monitor and support issues

Prepare for financial audit and coordinate the audit process

Analyze and advise on business operations including revenue trends, financial commitments and future revenues

Manage business process rules (subledger to ledger)

Support the month end close process with consolidating the reporting and ensuring the accuracy of deliverables.

Review and analyze the monthly financial reconciliations related to various revenue sources for the health plan.

Lead the process to categorize and resolve the exceptions coming out of membership and revenue reconciliations in partnership with the enrollment operations and the health plan.

Review the recommended accounting entries to the general ledger and accruals/ reserves based on the monthly revenue analysis and reconciliations.

Leverage technology to add controls and eliminate risk from financial processes.

Develop and document policies and procedures for the revenue team, in consultation with the management.

Participate in system implementation activities like testing and help in the standardization of revenue analysis and accounting processes across the organization.

Support analyses required to support timely collection of accounts receivable.

Provide internal service and support to project managers and field finance leads on various revenue related financial issues. Maintain good working relationships with business partners like field finance leads, enrollment operations, health plan accounting, IT etc.

Provide staff with opportunity for growth and/or cross-training

No. of Openings - 1

Qualification -

- Bachelors/ Masters in Commerce/ CA Inter/ CWA Inter/CA-- Around 10 yrs. of relevant work experience

- Knowledge of generally accepted accounting and bookkeeping principles and procedures

- Knowledge of auditing practices and principles

- Planning and organizing

- Strong analytical skills with attention to details

- Supervisory skills

- Information and task monitoring

- Judgement and problem-solving

- Good Interpersonal skills

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

- Good in accounting with proven experience of closing process per GAAP

- Possess very good understanding of revenue flow of a business, good insight into Revenue accounting & related adjustments

- Performed analysis as part of accounting function

- Strong written and verbal communication skills

- Strong in in MS Excel, MS Access, data warehouses, relational databases desired;

- Works with minimal guidance

- Translates concepts into practice

- Provides explanations and information to others on difficult issues

- Act as a Team Player

- Focus on Customer• Make Fact based decisions• Deliver Quality Results• Support Change and Innovation• Act Ethically

Good to have Skills :

- Finance experience in a service, consulting or health insurance industry preferred (Medicaid experience a plus).

Educational Qualifications :

- B.Com. / M.Com. / MBA Finance / CA Intermediate / ICWA Intermediate

Work Hours:

- Regular shift hours : 2.30 pm to 12pm IST Month end/quarter/year end: Shadow US work hours (6pm to 3 am IST) First three month of transition:- US work hours

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