Director of Cost Accounting

SummaryUnder the direction of the CFO, and in cooperation with other divisions, this position is responsible for the preparation of annual/quarterly client cost/utilization reports; broker reports, and other special reports of the corporation.

Specific Duties:

Under the direction of the CFO, and in cooperation with other divisions:

  1. Maintain monthly Client Cost Committee reports and attend monthly meetings with appropriate personnel. Keep abreast of client cost and advise other departments appropriately.
  2. Have an understanding of materiality, clarity and appropriateness of wording as well as grammatical correctness and clerical accuracy.
  3. Maintain monthly membership statistics and test volumes by client.
  4. Perform regular trend analyses; research and document variances in budgeted revenues / overhead/ expenses/earnings and cash on a division and corporate basis.
  5. Prepare/analyze quarterly and annual client cost and utilization statistics and reports, to include Executive summary, narrative summary, next year projections, etc.
  6. Serve as a resource to other divisions as needed. Assist clients with reporting and information requests.  Prepare marketing cost/ utilization projections as directed.
  7. Maintain profit/loss detail by client program; maintain dual contract direct cost and pricing systems.
  8. Direct and oversee the Corporation’s broker and stop-loss reporting functions; develop automation where appropriate.
  9. Under the direction of the CFO, serve as liaison with external providers, client companies and affiliated TPA companies.
  10. Demonstrate the ability to learn new software features or applications.
  11. In coordination with IT, participate in IT development efforts that relate to the Fiscal division.
  12. Ensure compliance with corporate policies/procedures; review and maintain policy/procedure manuals, make recommendations as deemed appropriate.
  13. Be knowledgeable of and proficient with proprietary system(s), Microsoft Dynamics (Great Plains), Access and Excel.
  14. Advise CFO on activities in field. Keep abreast of developments in field and provide regular updates and reports.
  15. Responsible for special fiscal division reporting requests/queries.
  16. Perform other related duties as directed or deemed appropriate. Attend meetings as requested.
  17. Assist CFO in cost analysis for new client proposals.
  18. Be able to present findings to groups and speak intelligently about complex reporting issues.

Qualifications:

  • Bachelor’s degree in accounting, statistics, IT or related field from an accredited institution required, with a GPA indicative of high financial accounting proficiency.
  • Experience in full-range accounting functions (A/P, A/R, G/L, P/R, financial statements), data-mining, querying, statistical analysis, business analytics.
  • Minimum 5 years’ general accounting experience in audit or healthcare field.
  • Experience in insurance/HMO environment preferable.
  • Advanced proficiency in Microsoft office: Excel, Access, and Word.
  • Experience with Microsoft Dynamics (Great Plains)
  • Excellent communication skills (written and oral) required.

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