UnitedHealth Group - Manager - Regulatory Reporting - CA/CPA

Discipline : Finance

Industry : Financial Planning & Analysis

Job Description/Details of Responsibilities / Purpose of Job :

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 adhoc projects

Job Components :

Part 2 Filings - Quarterly/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.

No. of Openings - 6

Qualification - Qualification : CA / CPA

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

Experience:

- Experience in US GAAP or US Insurance Financial Reporting for 2 years. Overall experience should be 7-8 years post qualification

- Experience in participating and leading project work - Preferred

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

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