Accountant, Senior

Company: Blue Shield Of California
Location: Oakland
Posted on: June 6, 2021

Job Description:

At Blue Shield of California we are parents, leader, students, visionaries, heroes, and providers. Everyday we come together striving to fulfill our mission, to ensure all Californians have access to high-quality health care at a sustainably affordable price. For more than 80 years, Blue Shield of California has been dedicated to transforming health care by making it more accessible, cost-effective, and customer-centric. We are a not-for-profit, independent member of the Blue Cross Blue Shield Association with 6,800 employees, more than $20 billion in annual revenue and 4.3 million members. The company has contributed more than $500 million to Blue Shield of California Foundation since 2002 to have a positive impact on California communities. Blue Shield of California is headquartered in Oakland, California with 18 additional locations including Sacramento, Los Angeles, and San Diego. We're excited to share Blue Shield of California has received awards and recognition for - LGBT diversity, quality improvement, most influential women in corporate America, Bay Area's top companies in volunteering & giving, and one of the world's most ethical companies. Here at Blue Shield of California, we're striving to make a positive change across our industry and the communities we live in - Join us!Description:Job Summary Responsible for financial accounting and reporting for Federal Employee Program (FEP) lines of business including (but not limited to) Preparing monthly journal entries for administrative and claims expenses Monitoring and reconciling Working Capital balances in Line of Credit accounts (LOCA) Preparing quarterly cost filings for Blue Cross Blue Shield Association (BCBSA) Preparing quarterly financial statements for the Office of Personnel Management (OPM) using an Other Comprehensive Basis of Accounting (OCBOA) Assisting in the preparation of Annual Accounting Statement (AAS) filed with OPM Responding to external auditor queries in connection with the AAS Assisting in preparation of PPO annual administrative budget for BCBSA Reconciling cash transactions monthly to balance with LOCA receipts and compiling support to comply with contractual documentation requirements Tracking refunds and other recoveries, preparing documentation to support remittances for audit Preparing monthly manual draw requests for reimbursement for miscellaneous claims, refunds, adjustments, and administrative expenses Completing monthly account reconciliations Keeping current with accounting and financial requirements to assure compliance with Federal Acquisition Regulation (FAR), and specific regulations issued by OPM Making recommendations and modifying activities as necessary to assure compliance Documenting and maintaining procedural documentation to assure compliance Participating in special projects, including audits by FEP Directors Office of BCBSA and Office of Inspector General (on behalf of OPM) Providing ad-hoc analysis, schedules, and answers to internal/external inquiries as they arise Qualifications: Knowledge and Experience Typically, requires a college degree or equivalent experience and minimum 5 years of prior relevant experience Must be able to communicate clearly (written and verbal) complex accounting issues to management, auditors, government agencies or other stakeholders Demonstrate understanding of internal controls Excellent organizational skills and ability to manage multiple priorities under close timelines with sense of urgency Ability to understand complex accounting transactions, and to research and apply GAAP and non-GAAP standards Relevant skills and applications; Oracle Fusion, Hyperion Essbase and Business Objects

Keywords: Blue Shield Of California, Oakland , Accountant, Senior, Other , Oakland, California