POSITION: Insurance Accounting Director
REPORTS TO: VP/ Controller
Evergreen Health is a non-profit consumer operated and oriented health insurance plan in Maryland that provides individuals and businesses with quality health care, a voice in how their plan is operated, and the chance to experience being part of a health plan that puts patients at the core.
The Statutory Accounting Manager is in charge of all statutory reporting for the Company. This includes monthly Statutory internal financial statements, Quarterly Statements for the MD Insurance Administration (MIA) and for the NAIC, and Annual Statements for the MIA and NAIC. Works with the Assistant Controller to assure proper Statutory Accounting Principles are utilized in recording activity to the general ledger. Maintains up to date REGTAP, CMS, and Statutory information library and distributes relevant updates to department as new rules and requirements are issued. Prepares material for internal and external audits.
ESSENTIAL DUTIES AND RESPONSIBILITIES
The Insurance Accounting Director supports the Controller in the following responsibilities:
§ Manages company accounting functions
§ Implements financial controls and procedures to safeguard corporate assets and resources as approved by Controller
§ Implements accounting policies as approved by the Controller
§ Complies with industry standard and government mandated reporting standards and ensures accurate and timely financial reporting and budgeting.
§ Prepares monthly Statutory financial statements
§ Prepares quarterly and annual Statutory Insurance Blank financial statements in accordance with State and NAIC statutory accounting principles along with GAAP to Stat reconciliations.
§ Prepares CMS financial reports as necessary
§ Provides analysis and insightful review of monthly and quarterly financial performance.
§ Supervises accounting staff
Regulatory and Compliance:
§ Ensures compliance with relevant federal and state laws and regulations, to include regulatory requirements which impact health care reimbursement and health care reform including CO-OP and Exchange rules and Bureau of Insurance regulations
· Bachelor’s degree in Accounting or Finance.
· Knowledge of Insurance Accounting Principles
· Five years+ in insurance related experience required
· Reporting and staff management /or accounting firm experience strongly preferred
· Experience working with high growth or start-up entities.
· Knowledge of generally accepted accounting principles
· Knowledge of general ledger software packages
· Expert knowledge of Microsoft software package
TO APPLY: Please forward Letter of Interest and CV/Resume and Salary Requirements with subject line “Insurance Accounting Director” to: [email protected]