Company Statement
EmblemHealth is one of the nation’s largest not for profit health insurers, serving members across New York’s diverse communities with a full range of commercial and government-sponsored health plans for employers, individuals, and families. With a commitment to value-based care, EmblemHealth partners with top hospitals and doctors, including its own AdvantageCare Physicians, to deliver quality, affordable, convenient care. At over a dozen EmblemHealth Neighborhood Care locations, members and non-members alike have access to community-based health and wellness guidance and resources. For more information, visit emblemhealth.com.
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Director, Financial Reporting
Summary of Position
- Responsible for the preparation and filing of the Enterprise EmblemHealth financial reports on a GAAP and Statutory Accounting basis.
- Manage the month end close for the EmblemHealth Enterprise to ensure it is being performed timely, accurately, and in accordance with Statutory Accounting.
- Develop Enterprise best practices in reporting statutory results by the individual statutory entities (NY & CT).
- Develop procedures and recommend changes in methods or practices when required to assure compliance with professional and regulatory bodies.
- Oversee the annual financial statement audit coordination with external auditors.
Principal Accountabilities
- Direct/Manage the financial reporting process. Ensure financial analyses, reports, and statements are prepared accurately, timely and in compliance with both GAAP and statutory requirements.
- Direct activities supporting external audits and financial examinations (including SOC 1 & 2 Audits), acting as the intermediary and monitor all deliverables.
- Manage the monthly GAAP to STAT accounting adjustments and reporting requirements as required by the NAIC statements and other regulatory agencies.
- Coordinate and lead process for Model Audit Rule (MAR).
- Maintain inventory of internal control documentation.
- Train, mentor, and support staff to ensure they possess the appropriate understanding of accounting policy and company transactions.
- Assist in the implementation of programs to enhance staff’s skillsets and further their professional development.
- Continue realignment of responsibilities and cross-training to address close-critical bottlenecks.
- Monitor new accounting and reporting rules facing the Enterprise under GAAP and Statutory principles.
- Develop and implement new accounting standards as required.
- Develop white papers and interact with external auditors.
- Develop an enterprise Statutory Accounting approach to be consistent across all Statutory Entities (NY & CT).
- Provide supporting financial analysis and other documentation to internal business partners; prepare documentation in support of financial statements for internal and external auditors, as well as for CMS, DOH and DFS audits.
Qualifications
Education, Training, Licenses, Certifications
- Bachelor’s degree in Accounting; MBA/MSA preferred
- CPA required
Relevant Work Experience, Knowledge, Skills, and Abilities
- 10 - 12+ years of relevant, professional work experience required
- Staff and process managerial/supervisory experience required
- 3 – 5+ years of experience in public accounting required
- Proficiency with MSOffice (Word, Excel, Access, PowerPoint, Teams, Outlook) required
- Experience with Oracle Cloud or similar financial software required
- Strong understanding of GAAP & STAT required
- Strong communication skills (verbal, written, presentation, interpersonal) with all types/levels of audience required
- Ability to identify and implement process improvements, including automation of manual processes required
Security Disclosure
If you receive a job offer from EmblemHealth, the email will be from “HRTalentAcquisition” with the subject: “Offer of Employment for (job title) – Please respond online.” We will never ask you to join a Google Hangout, buy your own equipment, or pay to apply. We also do not use third-party email services like Yahoo or Gmail.
Pay Disclosure
At EmblemHealth, we prioritize transparency in our compensation practices. We provide a good faith estimate of the salary range for potential hires, which is based on key factors such as role responsibilities, candidate experience, education and training, internal equity, and market conditions. Please be aware that this estimate doesn’t account for geographic differences related to your work location. Typically, new hires may not start at the top of this range, as compensation is tailored to each individual's circumstances. For union positions, salaries will be determined according to the collective bargaining agreement. Join us at EmblemHealth, where your contributions are valued and supported by fair compensation.
EEOC Statement
We value the diverse backgrounds, perspectives, and experiences of our workforce. As an equal opportunity employer, we consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, age, creed, citizenship status, gender identity, pregnancy, marital status, national origin, disability, veteran status, or any other protected characteristic protected by law.
Sponsorship Statement
At EmblemHealth, we are committed to building a diverse and talented workforce. However, we are unable to consider applicants who require, or are likely to require, either before or after hire, visa sponsorship for work authorization in the United States, including but not limited to H-1B, F-1 (STEM OPT), TN, or any other non-immigrant status. Some extremely rare exceptions may apply based on critical business needs.