UnitedHealth Group - Senior Manager - Claim Accounting & Reporting

Discipline : Finance

Industry : Financial Planning & Analysis

Job Description :

- Interface with business leaders and build relationships in support of financial planning and performance measurement including reporting and analysis

- Perform monthly close analysis to facilitate understanding of monthly results against the financial plan-Partner with business leaders to evaluate investment opportunities and cost savings initiatives to maximize resources and create efficiencies

- Collaborate with cross-functional teams in conjunction with budgeting and forecasting process

- Manage business relationship on behalf of the broader Finance organization and Leadership

- Leverage technology and carry out process improvement activities

The prospective candidate will be part of a team assisting Regulatory Accounting & Reporting, a division of Regulatory Finance - UHC

Responsibilities :

- Preparation of Quarterly & Annual Statutory Reports

2) Prepare Analytical reports & document findings from the Analysis

3) Support the Premium Deficiency Reserve (PDR) Process

4) Maintain Internal controls and support regulatory and statutory audits

5) Work on adhoc projects

Job Components :

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 Intersegment 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 : Rate on a scale of 1-5 (1 - Lowest 5 - Outstanding) : 5

Data Analysis Requirement :

Rate on a scale of 1-5 (1 - Lowest 5- Outstanding) : 5

Educational Qualifications :

- CA, ICWA, CPA Experience

- Experience in US GAAP or US Insurance Financial Reporting for 3-4 years. Overall experience should be 10-12 years

- 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 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/Requirements :

- 5+ years of relevant financial analysis or accounting experience

- 3+ years of supervisory experience - Bachelors degree in Accounting, Finance or equivalent-Advanced skills in MS Excel, MS Office product suite, and other technology tools

- Progressive financial work experience

- Ability to work in a matrix environment while positively influencing other functional areas.

Competencies :

- Strong financial, analytical, and business acumen-Generate innovative approaches and solutions to business opportunities

- Excellent oral and written communication skills-Strong interpersonal skills and the ability to influence others

- Ability to build strong relationships at all levels of the organization

Preferred :

- Project management or process improvement experience - MBA or CPA

Healthcare experience - Hyperion Essbase and PeopleSoft experience

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