Senior Manager, Financial Reporting

Apply Now

Company: Hawaii Medical Service Association

Location: Honolulu, HI 96817

Description:

  • Manage financial reporting for HMSA and its subsidiaries to ensure the timely preparation of the HMSA and Subsidiary companies' financial statements.
    • These financial reports are for both internal and external audiences.
    • Assist the Controller and CFO in setting policy in accordance with Generally Accepted Accounting Principles (GAAP), Tax and Statutory Accounting Principles (SAP).
    • This includes researching, analyzing, interpreting, and communicating financial information to officers, department heads, and internal and external auditors.
  • Manage and provide direction to staff responsible for the accurate accounting and reporting of HMSA's financial position and performance.
    • Review staff's work for accuracy, timeliness, and adherence to established internal controls.
    • Supervise, develop, and train staff to be a productive team. Communicate with other departments to collaborate and share detailed information on a monthly basis.
    • Also responsible for financial compliance with regulatory standards, i.e. individual contract terms, Cost Accounting Standards (CAS), and other Federal and State regulations, including all required regulatory reporting (e.g. Quarterly blank)
  • Responsible for accurate recording and reporting of our major plan accountings, i.e., AFM/ASO and State Plan.
    • As requested, some assistance/information may be required by HGRP personnel for Federal Plan, Medicare, Medicaid, and QUEST plan accounting.
    • Also responsible for financial compliance with regulatory standards and reporting for these plans, i.e., CAS Standards, FAR Regulations, and other Federal and State regulations.
  • Coordinate preparation of all workpapers and footnotes for both GAAP and SAP-based external audits
  • Actively participate in projects related to new corporate business initiatives and be a business advisor to others within the Association regarding accounting, tax, and financial analysis.
    • Provide recommendations to control costs within HMSA's established goals.
    • Able to stay current with the Affordable Care Act (ACA) legislation and manage process to report Medical Loss Ratio (MLR) and Risk Based Capital (RBC) for the Association.
  • Work with the Controller, CFO and HMSA executives, managers, and supervisors to assure all major finance and accounting duties and responsibilities are being successfully performed in a timely and efficient manner, and within budget.
    • Respond to ad-hoc data requests, analysis and reporting from executives, management, and internal departments as well as external business partners.
  • Work with Manager, Financial Operations, Controller, and CFO with managing the processing and implementing any changes to HMSA's employee benefit program.
    • This will include, but not limited to, the pension, 401k, long-term disability, group life insurance, and flexible spending programs. Ensure that all transactions are properly processed and in compliance with applicable regulations.
    • Also, directly work with executive staff on various executive benefit programs.
  • Perform all other miscellaneous responsibilities and duties as assigned or directed.


    • #LI-Hybrid

  • Bachelor's degree in Business or related field and six years of related work experience, or an equivalent combination of education and work experience.
  • Four years of previous management/supervisory experience.
  • Knowledge of Generally Accepted Accounting Principles (GAAP), Statutory Accounting Principles (SAP), CAS standards, FASB Pronouncements, Internal Revenue Code.
  • Knowledge of server-based accounting software systems.
  • Demonstrated knowledge of and ability to apply principles of financial accounting and complex analysis.
  • Basic working knowledge of Microsoft Office applications. Including but not limited to Word, Excel, Outlook, and Power Point.

    • Similar Jobs