Finance Director

Boston, MA | Direct Hire

Post Date: 07/26/2017 Job ID: 79091 Specialty: Accounting & Finance

We have an exciting opening as a Finance Director at a health care organization in Boston, MA. As the Finance Director, your responsibilities would include coordinating, administering, and overseeing the accounting operations; taking leadership of the cost controllership function; liaising for accounting, actuarial, and audit requirements; and, project management. The successful candidate will have prior experience at a healthcare insurance company. Apply today!

Responsibilities for the Finance Director:
  • Develop accounting policies or practices to comply with Federal/State laws and regulations
  • Review monthly, quarterly, annual GAAP and Statutory financial reports
  • Review regulatory financial reports
  • Review and approve accounting in exposure areas such as IBNR, other insurance reserves, other assets, other liabilities, capitalization of costs, etc.
  • Oversee relationships with external auditors and regulators for GAAP and Statutory financial annual or any other audits
  • Coordinate resources with compliance, legal, human resources, and operations areas to meet accurate and timely filing requirements of internal staff, affiliates and regulators
  • Oversee Accounts Payable, vendor payment processing, and provider payment processing
  • Oversee revenue receipt and reconciliation, and monitor daily bank activity and bank account reconciliations
  • Work with Corporate Controller in monitoring investment balances and managing balances in order to remain in compliance with the Plan’ s Investment Policy Statement
  • Monitor Risk-based capital ratio (RBC) monthly; report material deterioration, if any, to executive management and State regulators
  • Monitor ratio of current assets to current liabilities (liquidity ratio) to ascertain in compliance with various contracts
  • Report financial data in formats mandated by the NAIC (Quarterly and Annual Statutory Statements) or the Board of Trustees (monthly Board package)
  • Coordinate corporate annual budgeting and financial planning and execute budgeting and planning for administrative expenses and capital budgets
Requirements for the Finance Director:
  • Experience In health insurance or managed care required
  • Bachelor’ s Degree in Business Administration, Finance, Statistics, or related field; or equivalent combination of training/experience
  • CPA is required
  • 10+ years of progressively more accountable experience in accounting, reporting, and analysis
  • Regulatory reporting experience required
  • Knowledge of Healthcare and Insurance industry
  • Project management, including implementation of new initiatives or processes
  • Outstanding proficiency with Microsoft Office Suite including Word, PowerPoint, and Excel
  • Proven ability managing financial operating systems, e.g., Cognos/IBM shop or similar smaller apps
  • Use of accounting and finance knowledge to collaborate pragmatically with varying levels of employees whose knowledge of accounting and finance varies
  • Able to give direction to executives in financial matters
  • Lawson experience preferred
  • Must be eligible to work in the U.S. without sponsorship                      

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