Senior Financial Accountant

Posted 3 Days Ago
Be an Early Applicant
Chicago, IL
54K-118K Annually
Mid level
Healthtech • Insurance
The Role
The Senior Financial Accountant is responsible for closing monthly books, analyzing financial trends, preparing financial statements, and managing complex accounting processes for HCSC. This role involves mentoring team members and collaborating on various financial models and projects while ensuring accurate financial reporting and reconciliation.
Summary Generated by Built In

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.

Join HCSC and be part of a purpose-driven company that will invest in your professional development.

Job Summary

This position is responsible for closing the monthly books and reviewing and/or performing analysis and preparing financial statements and reporting for HCSC or one or more highly complex, risky, and visible subsidiaries. Overseeing accounting activities and project managing critical processes and important deliverables for the department. Performing challenging or especially complex accounting that may require sophisticated processing, contractual, and/or accounting understanding or that impact multi-million-dollar accounts.

Job Description

  • Analyze and research trends to determine applicable intervention activities.
  • Gather and analyze key divisional performance metrics and communicate these metrics from detail to summary level. Make presentations to all levels of management within the organization.
  • Handle complex business/financial models/business case cost estimation and benefit determination and forecasting. Build new complex models. Differentiate savings between models effecting the same operation.
  • Review analysis of financial reports prepared by team, i.e. variance analysis, staffing analysis, corporate reporting of Budget. Actual, metric reporting. Present and advise all levels of management within Internal Operations and the Corporate Portfolio on budget to forecast as well as review budget for accuracy.
  • Review existing models for accuracy and build new complex models in regards to cost structure and funding processes. Analyze cost saving opportunities by reporting and measuring against metrics to assess the financial success of the program.
  • Create quarterly IT capital forecasts for the enterprise. Create quarterly forecasts for IT core budgets.
  • Perform and review the monthly company-wide reconciliation of the purchasing data to the asset database.
  • Perform and review the annual inventory and reconciliation process.
  • Maintain up to date knowledge of IT receiving, shipping, Hardware/Software asset tracking contracts, workflows and practices. Ensure asset transfers are performed and asset records maintained.
  • Perform special studies, develop reports and recommendations and participate in the analysis of corporate projects and programs.
  • Coach and mentor team members in business knowledge and skill development.
  • Collaborate and assist staff in their development which enables them to successfully complete assignments

JOB REQUIREMENTS:

  • Bachelor’s in Accounting or Finance and at least 3 years' accounting experience; OR 6 years of accounting experience.
  • Keen analytical skills and very detail-oriented.
  • Ability to work independently and multi-task.
  • Auditing accounts to ensure they are in balance, cash has been allocated and aging is current.
  • Clear, concise written and oral communication with good grammar and word choice.
  • Ability to read and interpret financial and membership reports.
  • Intermediate to Advanced MS Word and Excel knowledge. 
  • Monthly preparation of account reconciliations and research of any variances that arise due to reconciling items. 
  • Serve as point of contact for various projects that impact the Bank Reconciliation team and Ad hoc inquiries from Regulators where copies of checks are requested.

PREFERRED JOB REQUIREMENTS:

  • Degree in Accounting or Finance. 
  • Intermediate MS Word, Advanced Excel and Access and writing/interpreting MS SQL queries.
  • CPA/MBA or working towards CPA/MBA is preferred but not required.

#LI-DK1

#LI-Hybrid


Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!


HCSC Employment Statement:

We are an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics.

Base Pay Range$53,500.00 - $118,100.00

Top Skills

Ms Access
Excel
Ms Sql
Ms Word
The Company
HQ: Chicago, IL
13,563 Employees
On-site Workplace

What We Do

Imagine Something New, Something Different.

Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), is the largest customer-owned health insurer in the nation and the fourth largest overall. Operating through our Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma and Texas (as well as a variety of affiliates and subsidiaries,) we are expanding access to high-quality, cost-effective health care. We are equipping members with information and tools so they can make the best health care decisions for themselves and their families.

HCSC is continuously recognized as an employer committed to community, diversity and inclusion, training and development.

HCSC is committed to pioneering the health care space in ways as effective as they are creative. If you are passionate about the impact you want to have through your work, with a desire to apply innovative thinking to new and emerging challenges, we encourage you to learn more about HCSC.

Learn about what we stand for, how we work and the difference we’re making in the lives of our 15 million members. Join HCSC and discover what new ways of thinking can mean for you, your community, our customers and our organization.



Divisions of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association.

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