Optum jobs - Financial Analyst

Combine two of the fastest-growing fields on the planet with a culture of performance, collaboration and opportunity and this is what you get. Leading edge technology in an industry that's improving the lives of millions. Here, innovation isn't about another gadget, it's about making health care data available wherever and whenever people need it, safely and reliably. There's no room for error. Join us and start doing your life's best work.(sm)

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

Primary Responsibilities

• Participate in the preparation of the Quarterly and Annual Statutory Financial Statements in a combination of the following activities:

Prepare Quarterly and Annual Statutory Financial Statements. This involves preparing and recording journal entries in Statutory Accounting Principles (SAP) and Medical Loss Ratio (MLR) requirements. Preparing schedules including the balance sheets, income statements, changes in capital and surplus, statements of cash flow, supporting schedules, and footnotes. Preparing the accompanying supplemental filings related to Health Care Reform and other state supplemental filings

Prepare quarterly claim exhibits, supplements, and supporting documentation for assigned legal entities. Support actuarial certification of the schedules annually

Prepare and analyze premium deficiency reserve evaluation models for assigned legal entities; work directly with actuary, legal entity management and other stakeholders to determine appropriate assumptions and results

• Independently research, analyze and troubleshoot accounting issues, ad-hoc requests, and other reporting outputs; make use of NAIC, SSAP and other relevant and recognized guidance, propose solutions and communicate with stakeholders
• Work on project teams outside of active reporting periods to respond to changing technical requirements, new reporting needs, and suggestions for improved team performance
• Prepare medium size legal entity financial statements, or components of, including underlying work papers and checklists under extremely tight deadlines with high attention to detail and accuracy
• Prepare documentation in support of external and internal audits and provide support for Department of Insurance inquiries and examinations
• Prepare communications and Board reports for regulated entity officers and directors and the audit committee
• Maintain compliance with key controls, department policies, and the standard accounting, reporting practices & procedures
• Interface with business contacts for questions / issues on quarterly filings
• Liaison / oversee the liaison with business partners / Controllership (analytic findings, special requests, data issues)
• Communicate with legal entity team members and directors as required as well as in 1:1 meetings
• Thorough understanding of Accounting, General Ledger and chartfield attributes
• Participate / lead initiatives on working groups to develop and implement innovative approaches for continued improvement in efficiency & effectiveness
• Work with attention to details and accuracy with analytical bent
• Anticipates customer needs and proactively develops solutions to meet them
• Solve complex problems and/or conduct complex analyses, including non-standard requests
• Deliver quality results
• Comply with the terms and conditions of the employment contract, company policies and procedures, and any and all directives (such as, but not limited to, transfer and/or re-assignment to different work locations, change in teams and/or work shifts, policies in regards to flexibility of work benefits and/or work environment, alternative work arrangements, and other decisions that may arise due to the changing business environment). The Company may adopt, vary or rescind these policies and directives in its absolute discretion and without any limitation (implied or otherwise) on its ability to do so
  
  

Required Qualifications

• CA / CPA / CMA / ACCA or equivalent certification
• 0-2 years of post-qualification experience
• Intermediate level of proficiency with software tools (Ex: Microsoft Excel, Word, PowerPoint, PDF, PeopleSoft, Hyperion Essbase / Smart View etc.)
• Excellent oral and written communication
• UK shift (3.30 PM IST to 1.00 AM IST). Peak filing season (Jan - May) would involve stretch
  

Preferred Qualifications

• Public accounting / auditing experience
• Experience with Hyperion Essbase / Smart View and PeopleSoft Financials
• Health care experience
• Accounting experience handling regulated entities - Monthly / quarterly financial accounting and reporting