Manager Financial Reporting

Overview

Join to apply for the Manager Financial Reporting role at Horizon Blue Cross Blue Shield of New Jersey .

Base pay range

$121,200.00/yr - $165,375.00/yr

Responsibilities

• Oversees the preparation of the quarterly and annual financial statements (including footnotes) for Horizon Mutual Holdings, Inc. and all of its subsidiaries, including benefit plans, ensuring compliance with GAAP and SAP and regulatory requirements of the SEC, NAIC, DOBI and BCBSA.
• Drafts the Management’s Discussion and Analysis for all filings.
• Researches complex transactions and initiatives related to Horizon’s startup companies (Novawell) and joint ventures (Braven and others), organizational restructuring, M&A, revenue and other topics; defends the stance to the SEC, NAIC, DOBI and external auditors.
• Data mining to create more accurate reporting of financial statements and reduce audit risk.
• Benchmarking and utilizing key financial indicators and analytics to identify areas for review and adjustments to current reporting processes.
• Oversees internal controls as they pertain to financial reporting and accounting to reduce risk and improve reliability of controls.
• Performs variance analysis using financial and statistical data to support all financial reporting for internal and external purposes.
• Drafts position papers on accounting issues and principles, communicates proper accounting treatment to the Finance Department, and develops required disclosures for the financial statements (GAAP, SAP, SEC, NAIC, DOBI, BCBSA).
• Coordinates the company’s pension and 401(k) audits.
• Oversees the development, documentation and recording of SG&A cost allocations between companies and market segments to comply with GAAP and SAP.
• Directs staff to ensure client satisfaction and service delivery; develops and monitors goals; conducts annual performance reviews and administers salaries; directs staffing, development, and training.
• Ensures staff meets regulatory requirements and adheres to best practices, professional standards, internal policies, and procedures.
• Maintains effective internal controls over processes and transactions, including completeness and accuracy of financial information, regulatory compliance, and efficiency of operations.

Education/Experience

• Bachelor’s degree in Accounting or Finance from an accredited college or university (preferred).
• Master’s degree in business administration, accounting or finance (a plus).
• Minimum 8 years of progressively responsible experience in technical accounting, financial reporting, general accounting, financial analysis, and related functions (preferably within a public company and/or the health insurance industry).
• Minimum 4 years of supervisory experience.
• CPA preferred.

Skills and Knowledge

• In-depth knowledge of GAAP; familiarity with SAP preferred.
• Strong oral and written communication skills.
• Ability to work with large data sets to create data-driven findings and reporting.
• Analytical thinking to research and resolve problems and communicate findings; implement resolutions through collaboration.
• Very strong attention to detail and granular financial reporting.
• Ability to plan, organize and prioritize work; work independently with sound business judgment.
• Proficiency in MS Office (especially Excel and Access) and knowledge of general ledger systems and financial auditing.

Location and eligibility

Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware

Salary and benefits

Salary Range: $121,200 - $165,375

This compensation range is specific to the job level and considers factors such as education, experience, licensure, certifications, location, and internal equity. The company offers a comprehensive compensation and benefits package including retirement plans, generous PTO, incentive plans, wellness programs, and tuition reimbursement.

Equal opportunity statement

Horizon Blue Cross Blue Shield of New Jersey is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or status as an individual with a disability and any other protected class as required by federal, state or local law. Horizon will consider reasonable accommodation requests as part of the recruiting and hiring process.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Accounting/Auditing and Finance
• Industries: Hospitals and Health Care, Financial Services, and Business Consulting and Services

We are not including external job postings or unrelated listings in this refined description.