Senior Financial Accounting Analyst

• Bachelor's degree with emphasis in finance, accounting, or other business-related field and two years of experience with business process and accounting/finance functions; or equivalent combination of education and experience.
• Strong understanding of basic accounting principles and practical application
• Knowledge of GAAP accounting standards
• Project coordination and documentation skills
• Financial analysis skills
• Basic working knowledge in Microsoft PowerPoint
• Intermediate working knowledge in Microsoft Word, Outlook, and Excel

• Responsible to prepare and coordinate the accounting and reporting for requirements of the ACA:

• Prepares Statutory Health Care Exhibit (SHCE) report for the Association.

• Obtains information from various departments, documents processes and procedures, interprets and summarizes data, and completes report in accordance with Federal guidelines.
• Applies systematic, logical analysis, independent discretion, and judgment to solve problems, research and collect relevant information, and take action to select best precedents, guidelines, or options.
• Develops good relationships with other departments and F/A staff members to define the requirements and ensure timeliness of information.
• Ensures that all ACA Fees (Insurer Fees, Risk Adjustments, Patient Centered Outcomes Research Institute and High-Cost Risk Pool) assessed by the Federal government are properly recorded, reported, and paid in a timely manner.

• Ensures proper accruals are recorded and classified based on information developed by the Underwriting department.
• Coordinates payment and submission of tax reports by the Tax Unit.
• Research is conducted on any changes in rates and calculations as required by Federal regulations.
• Ensures that all "Risk Adjustments" assessed by the Federal government.
• Support the preparation of the Quarterly and Annual Statement Blanks.

• Prepare the Quarterly and Annual Statutory Blank Statement of Cash Flows (SAP basis).
• Prepare various Quarterly and Annual Statutory Blank Footnotes.
• Prepare SAP summary schedules for the CFO.
• Support the Senior Financial Reporting Analyst with the preparation of the Quarterly and Annual Statutory Blank.
• Analyze transactions and balances in HMSA's general ledger and Financial Reporting.

• Perform reconciliations of assigned general ledger accounts and follow-up on any identified problems.
• Assist in the preparation and review of the monthly financial statements and Board of Director reports.
• Perform research and document variances of any fluctuations in account balances between prior periods and budgets.
• Identify and record appropriate journal entries to the General Ledger.
• Ensure that amounts recorded are accurate and complete.
• Prepare monthly Treasurer's report.
• Perform bank reconciliations of assigned bank accounts.
• Prepare Audit Workpaper requests
• Analyze and record key nonclaims and operating expenses.

• Request payment for various nonclaims and operating expense
• Ensure that accruals of assigned vendors are properly recorded.
• Ensure that payments of assigned vendors are properly requested.
• Perform accounting and reporting for large contracts, such as the State EUTF program.

• Ensure that transactions are recorded properly in the GL and are reconciled to information provided by the UND department.
• Work with the UND and AMS departments to communicate any discrepancies or problems.
• Monitor cash flow and ensure that the State is making timely payments to HMSA.
• Lead the testing effort for upgrades and modifications to the general ledger system.

• Interface with the IT department to analyze, plan, and test all software upgrades and related changes in reports.
• Coordinate with other units and staff to ensure all changes are communicated, properly tested, and documented before implementation.
• Performs all other miscellaneous responsibilities and duties as assigned or directed

Hawaii Medical Service Association