Controller

Our client, a non-profit, member-led, health plan organization, is seeking an experienced Controller to add to their team. 

The Controller develops and implements accounting policies, controls and reporting procedures and directs and manages the day-to-day financial activities. This role manages the accounting and financial reporting and budget functions. Additionally, the position oversees accounts receivable, accounts payable, treasury, tax, and audit.

Duties and Responsibilities:

• Oversees the preparation of all financial statements, financial reports, tax returns and reports for regulatory agencies, including CCIIO, Bureau of Insurance, and IRS.
• Reviews quarterly and annual insurance company financial statements prepared in accordance with Maine Bureau of Insurance and NAIC statutory accounting principles along with reconciliations of the statutory-basis financial statements to generally accepted accounting principles.
• Reviews financial results with internal stakeholders as well as with the Finance Committee and Board of Directors.
• Maintains, monitors, and develops a documented system of accounting procedures, financial controls, and systems to ensure the integrity of the financials and to maximize the return on financial assets.
• Supports compliance with relevant federal and state laws and regulations, to include regulatory requirements which impact health care including CO-OP and Exchange rules and Bureau of Insurance regulations.
• Manages relationships with outside auditors and oversees annual audit and tax preparations and financial examinations.
• Manages relationship with IT, providing guidance around system testing, system implementations and enhancements as well as necessary processes and controls.
• Analyzes reinsurance activity and ensures compliance with statutory accounting principles.
• Develops and implements the annual budgeting process. Communicates budget guidelines/goals/timeline to all departments, reviewing required feedback and ensuring integrity and completeness of budget process output.
• Develops the budget summary for executive presentation and coordinates the Board of Directors approval.
• Coordinates preparation of multi-year forecast to include premium, claims, administrative expenses, and membership levels. Oversees preparation of balance sheet, income statement, equity and cash flow statements related to these forecasts.
• Provides status of financial condition by collecting, interpreting, and reporting financial data, including comparisons of actual results to budgets and forecasts on a periodic basis, updates future forecasts, as necessary.
• Supports all areas of the company with financial analysis, data interpretation and recommendations to optimize performance.
• Maintains premium billing policies, procedures, and processes.
• Business owner of the company’s proprietary billing and premium application.
• Maintains financial staff job results by coaching and counseling, planning, monitoring, and appraising employee job results.

KEY COMPETENCIES:

To have success within this organization, employees are expected to work with integrity, humility, strategic vision, curiosity, and discipline. They must be self-motivated professionals, highly effective and compassionate communicators, effectively working with people, work processes, and actively engaging in continuous process improvement.

Qualifications:

• Bachelor’s degree in accounting. MBA or CPA a plus.
• Three+ years of past Controller experience, yet receptive to a proven individual performing similar tasks and ready to make that next career step.
• Five+ years of experience in financial and business operations in an insurance or healthcare related field preferred, in a variety of accounting and/or finance roles of increasing responsibility.
• At least five years of proven people management experience.
• Willingness to get into the details, working together with accounting team members to deliver operationally, in addition to contributing to the overall strategy and direction of the business.
• Strong knowledge of generally accepted accounting principles and statutory accounting principles
• Ability to analyze complex data and manage simultaneous projects.
• Strong work ethic, efficient time management skills, excellent written and verbal communication, and presentation skills.
• Strong working knowledge of accounting, budgeting, system operations, and strategic planning.
• Knowledge of automated financial accounting and reporting and budget software packages. Oracle ERP and EPM a plus.
• Experience in the implementation of new vendor systems/modules and analysis of the implication of such systems on the accounting and reporting functions.
• Knowledge of ASO accounting and reporting a plus.
• Strong working knowledge of Microsoft Office applications: Excel, Word, and PowerPoint.

Excellent opportunity to join a great team into a role open due to promotion and growth within the company!

Salary will depend on experience and includes full benefits.