Regulatory Finance, Reporting and Accounting, Accountant -Entry Level- Minnetonka, MN at United Health Group

Posted in Finance 6 days ago.

Type: Full-time
Location: Minnetonka, Minnesota





Job Description:

UnitedHealthcare, part of the UnitedHealth Group family of companies, is comprised of three specialized businesses dedicated to meeting the health care benefits needs of individuals and groups; all part of something greater.

Together, we're removing the barriers that keep people from receiving the kind of quality health care that makes a difference. We focus on Integrity, Compassion, Relationships, Innovation and Performance as we empower people to achieve better health and well-being.

As an Accountant within our Regulatory Finance - Reporting and Accounting division, you will be responsible for the preparation and analysis of financial statements, including balance sheets, income statements, changes in capital and surplus, and statements of cash flow, pursuant to Statutory Accounting Principles (SAP), which is based on Generally Accepted Accounting Principles (GAAP). You will prepare multiple quarterly and annual statutory filings, supplemental filings related to Health Care Reform, other state supplemental filings, as well as the annual audited financial statements. You will prepare and record journal entries in accordance with SAP and Medical Loss Ratio (MLR) requirements.

Primary Responsibilities:
  • Prepare documentation in support of external and internal audits
  • Participate on working groups to develop and communicate innovative approaches for continued improvement in efficiency and effectiveness
  • Assist with or lead the quarterly close calls with entity executives
  • 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
  • Perform ad hoc reporting and analysis and investigate issues providing explanations and interpretation


UnitedHealthcare, part of the UnitedHealth Group family of companies, is comprised of three specialized businesses dedicated to meeting the health care benefits needs of individuals and groups; all part of something greater.

Together, we're removing the barriers that keep people from receiving the kind of quality health care that makes a difference. We focus on Integrity, Compassion, Relationships, Innovation and Performance as we empower people to achieve better health and well-being.

As an Accountant within our Regulatory Finance - Reporting and Accounting division, you will be responsible for the preparation and analysis of financial statements, including balance sheets, income statements, changes in capital and surplus, and statements of cash flow, pursuant to Statutory Accounting Principles (SAP), which is based on Generally Accepted Accounting Principles (GAAP). You will prepare multiple quarterly and annual statutory filings, supplemental filings related to Health Care Reform, other state supplemental filings, as well as the annual audited financial statements. You will prepare and record journal entries in accordance with SAP and Medical Loss Ratio (MLR) requirements.


Required Qualifications:
  • Bachelor degree in Accounting
  • Accounting experience
  • Intermediate level of proficiency with Microsoft Excel, Word and PowerPoint
Preferred Qualifications:
  • Communicate in an effective manner
  • Collaborate with peers to share best practices and complete projects
  • Demonstrate the ability to prioritize and organize work load to meet multiple hard deadlines
  • Demonstrate the drive and motivation to deliver high quality results based on thorough analysis
  • Possess sound business knowledge and strong decision making skills
Careers with UnitedHealthcare. Let's talk about opportunity. Start with a Fortune 6 organization that's serving more than 85 million people already and building the industry's singular reputation for bold ideas and impeccable execution. Now, add your energy, your passion for excellence, your near-obsession with driving change for the better. Get the picture? UnitedHealthcare is serving employers and individuals, states and communities, military families and veterans where ever they're found across the globe. We bring them the resources of an industry leader and a commitment to improve their lives that's second to none. This is no small opportunity. It's where you can do your life's best work. SM

Diversity creates a healthier atmosphere: UnitedHealth Group is an Equal Employment Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.

UnitedHealth Group is a drug-free workplace. Candidates are required to pass a drug test before beginning employment.

Job Keywords: recent graduate, GAAP, journal entries, excel, Minnetonka, MN, Minnesota