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Resp & Qualifications

PURPOSE:

Directs accounting operations including financial reporting, financial systems, cost accounting functions, corporate tax, and accounts payable. Oversees teams responsible for the financial reporting processes, ensuring that internal and external financial results are timely, accurate, and in accordance with Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles. Oversee completion of the audited financial statements and the review/reporting of results. Ensures that accounting principles, methodology, and reporting are compliant with the NAIC Model Audit Rule. Certifies the appropriateness of the financial statements and disclosures contained in the reports as fairly representing the financial condition of the organization. Establishes, implements and monitors short- and long-term departmental goals, policies, and operating procedures.

ESSENTIAL FUNCTIONS:

+ Responsible for all company financial reporting activities for GAAP and Statutory accounting including monthly, quarterly, and annual financial statements with respect to Insurance Administration reports, BCBSA, Board of Directors and Management reporting. Ensures that all accounting methodology and financial reporting accurately and appropriately reflect the financial condition of the organization for all product lines, including Commercial, Medicare and Medicaid, and Federal Employee Programs (FEP). Performs financial analysis of transactions, systems, strategic review of business plans and ad hoc projects. Provide insight and recommendations regarding trends of business operations, initiate and respond to significant financial projects for the recommendation of most advantageous strategies for the corporation.

+ In collaboration with Corporate Audit, implements and maintains the appropriate internal controls, and reports on the organizations compliance with the NAIC Model Audit Rule. Manages the Accounting Operations and Controls necessary to provide data integrity for the financial systems. Improve accounting processes including month-end close, accounts payable, corporate tax, cost accounting, and accounts receivable to provide accurate and timely reporting, through appropriate reconciliation and control of business activity.

+ Oversees completion of all financial audits including GAAP, Statutory, Internal, and Regulatory (Insurance Administration, OPM, IRS). Ensure successful audits through appropriate documentation and controls. Coordinates with external auditors to facilitate timely reviews and promptly addresses any identified issues or recommendations. Maintains up-to-date knowledge of evolving audit standards and regulatory requirements to ensure ongoing compliance and best practices within the organization.

+ Initiates and coordinates the development and maintenance of all core financial systems (i.e., General Ledger, cost accounting, accounts payable, and financial reporting systems) to deliver timely and accurate financial information to the management of the organization.

+ Oversees the strategic and the day-to-day activities of the Department, including directing, coaching, and guiding associates to implement departmental, divisional, and organizational mission/goals. Recruits, retains and develops a high performing team. Evaluates performance of each team member, generates development plans and sets goals within the context of the corporate policies and procedures. Develops annual goals, prepares, monitors, and analyzes variances of departmental budgets to control and appropriately allocate resources.

SUPERVISORY RESPONSIBILITY:

This position manages people.

**QUALIFICATIONS** :

**Education Level:** Bachelor's Degree in Accounting, certified as a public accountant.

**Experience** : minimum of 15+ years of progressively responsible financial, managerial and planning experience, preferably in a health insurance or similarly regulated industry.

**Preferred Qualifications** :

+ Advanced degree in Accounting or Finance. Merger, acquisition and divestiture experience preferred.

+ Advanced knowledge of industry specific accounting principles and other regulatory requirements with an ability to apply that knowledge to both practical and theoretical situations.

+ Thorough understanding of all financial regulations, including the NAIC Model Audit Rule (Sarbanes-Oxley Act), and experience implementing the appropriate internal controls to maintain compliance.

Knowledge, Skills and Abilities (KSAs)

+ Advanced analytical and financial modeling skills.

+ Familiar with applications in both the PC and mainframe environment.

+ Solid organizational, problem solving and interpersonal skills.

+ Ability to work with personnel at all levels of the organization.

+ Demonstrated ability to source and select, develop, promote and retain top financial talent.

+ Effective coach and mentor to management and staff personnel.

+ Excellent written, oral and executive presentation communication skills in order to convey complex and technical issues to a diverse audience.

+ Extreme flexibility in meeting deadlines, and team-oriented perspective.

Salary Range: $245,600 - $368,400

Salary Range Disclaimer

The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilites of the position, the candidate's work experience, education/training, internal peer equity, and market and business consideration. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case's facts and circumstances, including but not limited to experience, internal equity, and location. In addition to your compensation, CareFirst offers a comprehensive benefits package, various incentive programs/plans, and 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements).

Department

Office of the CAO

Equal Employment Opportunity

CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

Where To Apply

Please visit our website to apply: www.carefirst.com/careers

Federal Disc/Physical Demand

Note: The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.

PHYSICAL DEMANDS:

The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.

Sponsorship in US

Must be eligible to work in the U.S. without Sponsorship.

\#LI-CB1

REQNUMBER: 21338