The Staff Accountant's (Accountant III) diverse responsibilities will include general, cash management/treasury or cost accounting activities and functions such as financial statement preparation, account, bank and report reconciliations and analysis, development of desktop procedures, and participation in the development, maintenance and analysis of Company budgets, forecasts, cost data and operating plans.
General Functions and Outcomes
Duties can include one or several of the following:
Prepares required monthly journal entries on a timely basis to record appropriate accruals and reclass transactions as appropriate.
Maintains and reconciles various balance sheet accounts on a timely basis and ensures their accuracy by preparing all vital support documents for reconciling journal entries.
Accurately prepares components of basic corporate and subsidiary financial statements.
Accurately gathers, validates, and summarizes accounting or statistical data.
Maintains allocation tables within the cost accounting system using information such as labor distribution, organization structure, space, line of business distribution, workload, and any other statistical data as necessary. May be required to review and validate information with operating departments throughout the organization.
Prepares and analyzes administrative cost and budget reports, including the investigation of budget variances, at various levels such as department, division, line of business, and activity categories.
Responsible for miscellaneous invoicing - research and identify transactions, coordinate reimbursement as necessary.
Prepare marketing incentive worksheets for monthly journal entry and payroll as requested.
To aid in the growth and development of other staff, will cross-train on a variety of jobs to provide back-up capabilities.
Prepares major sections of monthly corporate and subsidiary financial statements (both GAAP and SAP) by ensuring accurate and timely data entry of financial information from various system and manual sources. Reviews, analyzes, investigates and reports on significant fluctuations between financial statements of different time periods.
Maintains and reconciles various balance sheet accounts (FEP, Medicare, ITS, Membership billing & reconciliation system, etc.) on a timely basis and ensures their accuracy by preparing all necessary documentation for reconciling journal entries, including recommendations for process improvement.
Coordinate with other Plans and departments as necessary.
Provides internal and external auditors with consolidated reconciliations, schedules and adjustments, including explanations and answering questions vital to completing the annual audit. Investigates any unusual transactions or activities. Coordinates with other Company departments to resolve inaccuracies.
Performs analysis on cost trends and allocations; proposes and implements updates to allocation tables as appropriate.
Mentors new team members on Cambia policies, assists in onboarding as requested.
Prepares ad-hoc analyses as requested.
The review and analysis of cost allocations in compliance with CAS, development of policies and procedures in support of company's internal controls, account and report reconciliations, and development internal and external accounting reports, including audit schedules and support.
Provides support and coordination for the operation of complex financial systems to ensure accuracy, integrity and consistency. May provide ad-hoc assistance, training and guidance to departmental staff.
Prepares monthly corporate and subsidiary financial statements (both GAAP and SAP) by ensuring accurate and timely data entry of financial information from various system and manual sources. Reviews, analyzes, investigates and reports on significant fluctuations between financial statements of different time periods.
Researches and reports on current and proposed accounting and auditing standards, guides and other pronouncements.
Prepares and presents regular and ad-hoc analysis to Management on a variety of Company historic and proposed activities, including implications for current and future operations.
Supports department in re-forecasts and budgeting for assigned accounting functions.
Coordinates the administration and operation of sophisticated financial systems; participates in the design, development and testing of financial system updates and enhancements, including updated internal controls as applicable.
Works closely with internal and external auditors to ensure the timely completion of audits, resolving questions or audit issues as they arise.
Reviews and analyzes administrative cost and budget reports, including variances to budgets and forecasts, while providing insights and implications for current and future operation
Provides support and assistance to Accountants I and II in their routine job functions.
Ability to think analytically and to make sound judgments from analysis.
Ability to plan and organize own work.
Ability to work flexible hours during periods of full workloads.
Thorough knowledge of PC and mainframe software and systems as currently used by the Company.
Ability to work effectively in a team environment with all levels of staff and management.
Ability to communicate effectively, verbally and in writing with partners.
Based on area of expertise, demonstrated application of accounting knowledge in the following areas:
Financial Reporting and General Accounting: Generally Accepted Accounting Principles (GAAP), Statutory Accounting Principles (SAP) for Health Care Service Contractors and Health Maintenance Organizations as promulgated by the NAIC.
Cost Accounting: Cost Accounting Standards (CAS), Federal Acquisition Regulations (FAR); GAAP and SAP.
Government Accounting: FEHBAR, FAR, CAS, GAAP
Ability to problem solve questions related to assigned functions (including proposed answers).
Based on area of expertise, demonstrated application of in-depth accounting knowledge.
Leadership abilities in a project setting and cross-functional teams.
Proven ability to plan and organize own work, projects and the work of others in the department, with minimal direct supervision.
Ability to research and prepare ad-hoc reports.
Ability to research and report accounting guidance (existing and new transactions/guidance).
Normally to be proficient in the competencies listed above
The Accountant III will have a Bachelor's degree in Accounting, Finance or Business with 3 to 5 years of proven experience or an equivalent combination of education and experience. CPA, CMA or MBA preferred.
May be required to work overtime.
May be required to work outside normal business hours.
We are an Equal Opportunity and Affirmative Action employer dedicated to workforce diversity and a drug and tobacco-free workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, age, sex, sexual orientation, gender identity, disability, protected veteran status or any other status protected by law. A background check is required.