Director Financial Reporting

Position Description

Base pay is influenced by several factors including a candidate’s qualifications, relevant experience, and anticipated contributions to meet the needs of the business, along with internal pay equity and external market driven rates. The salary range displayed has not been adjusted for geographical location. This range has been created in good faith based on information known to Capital Blue Cross at the time of posting and may be modified in the future. Capital Blue Cross offers a comprehensive benefits packaging including Medical, Dental & Vision coverage, a Retirement Plan, generous time off including Paid Time Off, Holidays, and Volunteer time off, an Incentive Plan, Tuition Reimbursement, and more.At Capital Blue Cross, we promise to go the extra mile for our team and our community. This promise is at the heart of our culture, and it’s why our employees consistently vote us one of the “Best Places to Work in PA.” 

 

Directs the Financial Reporting staff in functions related to the preparation of various internal and external financial reports for Capital Blue Cross and subsidiaries. Assist with the development of operational procedures within the Finance area and documentation of data flow. Responsible for the management of staff in functions related to investment accounting and reporting and daily cash management activities. Oversees the development and maintenance of the general ledger and financial reporting systems. Oversee the integration of acquisitions and accounting for subsidiaries. In addition, this position either directs or participates in various projects related to financial reporting and accounting.

Responsibilities and Qualifications

• Coordinates and manages the completion of various internal and external financial reports prepared in accordance with GAAP, SAP, HHS and BCBSA reporting requirements.
• Oversees the month end close and financial reporting process including consolidation, account analysis and reconciliation to ensure data integrity and accuracy.
• Responsible for the development of and implementation of accounting policies. Responsible for the development of operational procedures and documentation of data flow.
• Oversees and manages investment accounting and reporting and daily cash management activities. Manages vendor relationship with Investment Accounting Software. Manages vendor relationship with Custodian including setting up new custody accounts.
• Responsible for implementation and upgrade of general ledger and financial reporting systems.
• Responsible for the integration of the financial reporting of new acquisitions. Provide guidance to independent subsidiaries on accounting policies and procedures.
• Selects, trains, supervises and evaluates employees. Prepares progress reviews, discusses employee performance, recommend salary increments and promotions and handles performance issues.
• Manages relationship and requests from internal auditors, external auditors, including governmental representatives (CMS, HHS, OPM).
• Performs other related duties and assignments as directed.

Skills:

• Results oriented leader with strong interpersonal and communication skills. Developing specific goals and plans to prioritize, organize, and accomplish work.
• Proven time management skills with ability to prioritize tasks. Ability to work under pressure in an ambiguous environment. Proficiency in Microsoft Suite Applications (Excel, Word, Access and PowerPoint). Experience with Oracle business suites preferred or other accounting software. Analytical skills, attention to detail, deadline-oriented, time management and high proficiency in mathematics.

Knowledge:

• Functional knowledge of generally accepted accounting principles and statutory accounting principles. Functional knowledge of investment related accounting and reporting requirements.

Experience:

• 10 years of experience in financial reporting or in a comprehensive accounting environment and/or 5 years of management experience in a financial reporting environment.

Education and Certifications:

• Bachelor’s degree in accounting. CPA designation preferred.

Location:

• This position is classified hybrid, which requires onsite work on Tuesdays and Wednesdays. 

Physical Demands:

• While performing the duties of the job, the employee is frequently required to sit, use hands to finger, handle and feel, and talk, hear, and see.
• The employee must be able to work over 40 hours per week. The employee must occasionally lift and/or move up to 5 pounds.

About Us

We recognize that work is a part of life, not separate from it, and foster a flexible environment where your health and wellbeing are prioritized. At Capital you will work alongside a caring team of supportive colleagues, and be encouraged to volunteer in your community.  We value your professional and personal growth by investing heavily in training and continuing education, so you have the tools to do your best as you develop your career. And by doing your best, you’ll help us live our mission of improving the health and well-being of our members and the communities in which they live.