WellSense Health Plan
It's an exciting time to join the WellSense Health Plan, a growing regional health insurance company with a 25-year history of providing health insurance that works for our members, no matter their circumstances.
Job
Summary:
The Staff Accountant is a key member of the Accounting team and works closely with all members of the team in meeting close deadlines, working with various general ledger modules, preparing account reconciliations, and supporting internal and external audits.
Positive and team oriented work ethic is critical to this role.
Our Investment in You:
Full-time remote work Competitive salaries Excellent benefitsKey Functions/
Responsibilities:
Reconcile monthly investment portfolio information from custodian to general ledger and investment manager reports for WellSense GAAP and STAT set of books and records Maintain investment accounting at the level of detail necessary to appropriately state investment bonds and stock balances, realized gain/losses, unrealized gains and losses as well as investment income Responsible for reconciling all investment accounts; examines transactions in these accounts to ensure completeness and accuracy; distribution of monthly reconciliation reports as well as reconciling items in a timely manner and in compliance with MAR control requirements Prepare investment account roll-forward schedules to outline beginning/ending investment balances and activity by transaction type Review investments at a line level to measure impairment per WellSense policy Research and analyze investment fluctuations and communicate key drivers to management, interpret accounting guidance and compliance regulations pertaining to Investments Prepare additional schedules to verify that investments are invested per Committee directive Assist with preparation of NAIC and audited financial statement footnotes and schedules for quarterly and annual filings Develop relationship with statutory accounting firm to develop dashboards designed to measure quality of investments Review employee office supply requests and approves in compliance with WellSense policy Assist with the implementation of travel expense report system to automate current manual aggregation of business expense report Review expense reports in travel expense report system to ensure coding is accurate for accounting purposes Prepare monthly journal entries, analyzes and reconciles assigned general ledger accounts and reporting deliverables.
Assist in the preparation of GAAP and Statutory audit deliverables Participate in other external audits relating to system and WellSense specific fiscal years, calendar years and associated reporting Other ad hoc requests and other strategic oraccounting duties/projects to support the Accounting team as they ariseSupervision Exercised:
Not applicableSupervision Received:
Direct Supervision received weekly
Qualifications:
Education Required:
Bachelor's degree in Accounting required.
CPA License preferred.
Insurance accounting investment experience preferredExperience Required:
One or more years progressively responsible accounting experienceRequired Licensure, Certification or Conditions of Employment:
Successful completion of pre-employment background checkCompetencies, Skills, and Attributes:
Advanced knowledge of Generally Accepted Accounting Principles (GAAP).
Knowledge of accounting and auditing principles and practices under GAAP and statutory accounting.
High proficiency in Excel and Microsoft Office Systems.
Detail oriented, focus on accuracy.
Ability to prioritize and meet tight deadlines.
Excellent verbal and communication skills.
Experience in or knowledge of managed care or health care financial systems preferred.
Willingness and ability to perform day-to-day fiscal activities at all levels.
Ability to communicate clearly and effectively, work accurately, meet deadlines and provide effective management reporting is required.
Excellent interpersonal skills required to develop and maintain effective working relationships across all levels within the organization is of the essence of this position.
Ability to work both independently and as part of team.
Demonstrated ability to plan, organize and manage modest projects successfully.
Detail-oriented, excellent proof reading and editing skills.
Collaborative, service oriented dealing with peers and Boston Medical Center staff.
Commitment to documenting desk procedures; and training other assignees as back-up.
Working Conditions and Physical Effort:
Remote workforce with periodic in person meetings at corporate office Ability to work overtime during peak periods.
No, or limited, physical effort required.
Limited, exposure to physical risk.
Regular and reliable attendance is an essential function of the position.
Work is normally performed in a typical interior/office work environment.
No or very limited physical effort required.
No or very limited exposure to physical risk.
About WellSenseWellSense Health Plan is a nonprofit health insurance company serving more than 740,000 members across Massachusetts and New Hampshire through Medicare, Individual and Family, and Medicaid plans.
Founded in 1997, WellSense provides high-quality health plans and services that work for our members, no matter their circumstances.
Required SkillsRequired ExperienceAbout the Company:
WellSense Health Plan.
Estimated Salary: $20 to $28 per hour based on qualifications.
Job
Summary:
The Staff Accountant is a key member of the Accounting team and works closely with all members of the team in meeting close deadlines, working with various general ledger modules, preparing account reconciliations, and supporting internal and external audits.
Positive and team oriented work ethic is critical to this role.
Our Investment in You:
Full-time remote work Competitive salaries Excellent benefitsKey Functions/
Responsibilities:
Reconcile monthly investment portfolio information from custodian to general ledger and investment manager reports for WellSense GAAP and STAT set of books and records Maintain investment accounting at the level of detail necessary to appropriately state investment bonds and stock balances, realized gain/losses, unrealized gains and losses as well as investment income Responsible for reconciling all investment accounts; examines transactions in these accounts to ensure completeness and accuracy; distribution of monthly reconciliation reports as well as reconciling items in a timely manner and in compliance with MAR control requirements Prepare investment account roll-forward schedules to outline beginning/ending investment balances and activity by transaction type Review investments at a line level to measure impairment per WellSense policy Research and analyze investment fluctuations and communicate key drivers to management, interpret accounting guidance and compliance regulations pertaining to Investments Prepare additional schedules to verify that investments are invested per Committee directive Assist with preparation of NAIC and audited financial statement footnotes and schedules for quarterly and annual filings Develop relationship with statutory accounting firm to develop dashboards designed to measure quality of investments Review employee office supply requests and approves in compliance with WellSense policy Assist with the implementation of travel expense report system to automate current manual aggregation of business expense report Review expense reports in travel expense report system to ensure coding is accurate for accounting purposes Prepare monthly journal entries, analyzes and reconciles assigned general ledger accounts and reporting deliverables.
Assist in the preparation of GAAP and Statutory audit deliverables Participate in other external audits relating to system and WellSense specific fiscal years, calendar years and associated reporting Other ad hoc requests and other strategic oraccounting duties/projects to support the Accounting team as they ariseSupervision Exercised:
Not applicableSupervision Received:
Direct Supervision received weekly
Qualifications:
Education Required:
Bachelor's degree in Accounting required.
CPA License preferred.
Insurance accounting investment experience preferredExperience Required:
One or more years progressively responsible accounting experienceRequired Licensure, Certification or Conditions of Employment:
Successful completion of pre-employment background checkCompetencies, Skills, and Attributes:
Advanced knowledge of Generally Accepted Accounting Principles (GAAP).
Knowledge of accounting and auditing principles and practices under GAAP and statutory accounting.
High proficiency in Excel and Microsoft Office Systems.
Detail oriented, focus on accuracy.
Ability to prioritize and meet tight deadlines.
Excellent verbal and communication skills.
Experience in or knowledge of managed care or health care financial systems preferred.
Willingness and ability to perform day-to-day fiscal activities at all levels.
Ability to communicate clearly and effectively, work accurately, meet deadlines and provide effective management reporting is required.
Excellent interpersonal skills required to develop and maintain effective working relationships across all levels within the organization is of the essence of this position.
Ability to work both independently and as part of team.
Demonstrated ability to plan, organize and manage modest projects successfully.
Detail-oriented, excellent proof reading and editing skills.
Collaborative, service oriented dealing with peers and Boston Medical Center staff.
Commitment to documenting desk procedures; and training other assignees as back-up.
Working Conditions and Physical Effort:
Remote workforce with periodic in person meetings at corporate office Ability to work overtime during peak periods.
No, or limited, physical effort required.
Limited, exposure to physical risk.
Regular and reliable attendance is an essential function of the position.
Work is normally performed in a typical interior/office work environment.
No or very limited physical effort required.
No or very limited exposure to physical risk.
About WellSenseWellSense Health Plan is a nonprofit health insurance company serving more than 740,000 members across Massachusetts and New Hampshire through Medicare, Individual and Family, and Medicaid plans.
Founded in 1997, WellSense provides high-quality health plans and services that work for our members, no matter their circumstances.
Required SkillsRequired ExperienceAbout the Company:
WellSense Health Plan.
Estimated Salary: $20 to $28 per hour based on qualifications.
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