Senior Accountant

Pool Administrators Inc. - Glastonbury, CT

Full-time

Job Title: Senior Staff Accountant

Reports To: Chief Financial Officer

FLSA Status: Non-Exempt

Summary: Responsible for serving as the senior staff accountant for Pool Administrators Inc., Maryland Subsidy program, and High Risk Reinsurance pools. The list below is a high level list. Responsibilities are subject to change and special projects may be assigned. Responsible for communicating with internal staff of all levels, carrier contacts and vendors by performing the following duties.

Duties and Responsibilities include the following.

  • Responsible for billing, collection, and posting of funds for reimbursement to participating PDPs.*
  • Responsible for posting and preparation of monthly subsidy checks to in strict accordance with the policies and procedures relating to such.*
  • Reconciles all cash accounts contained in the general ledger to the appropriate bank statements.*
  • Provides a detailed accounting, on a monthly basis, to the administrator of the subsidy.*
  • Responsible for billing, collection and posting of appropriate out of pocket expenses, in accordance with the administrative services contract.*
  • Assists account management, via the provision and analysis of information as required, in the preparation of reports to the board of directors or the administrator.*
  • Reconciles material amounts contained in the general ledger.*
  • Performs all grant accounting in accordance with regulatory guidelines.*
  • Prepares and analyzes loss reserve worksheets, when appropriate, for reasonableness and accuracy.*
  • Determines claim submission completion factors from HRA/CSEHRP system generated triangles, calculate and post appropriate reserve amount to general ledger.*
  • Prepares financial statements on a monthly basis for presentation to the board of directors.*
  • Works with controller on assessment calculations and communications.*
  • Maintains current assessment bases for pools.*
  • Calculates, posts, and collects assessment payments from carriers.*
  • Calculates interest amounts due on late payments in accordance with the plans of operations.*
  • Compiles and delivers year-end audit package to independent auditors, with appropriate supporting documentation.*
  • Works with auditors throughout the year to plan for and execute successful completion of the audits. *
  • Prepares response draft to any audit points including recommended process improvements.*
  • Works with controller and account management on special projects and identifying potential issues.*
  • Prepares financial statements on a monthly basis for presentation to the board of directors.*
  • Works with controller on assessment calculations and communications.*
  • Maintains current assessment bases for assigned pools.*
  • Responsible for posting of assessments in the general ledger of assessments levied on carriers.*
  • Calculates interest amounts due on late payments in accordance with the plans of operations.*
  • Compiles and delivers year-end audit package to independent auditors, with appropriate supporting documentation.*
  • Works with auditors during the audit and provides information to account management, as needed, in the preparation of monthly and annual administrators reports.*
  • Responsible for tax return preparation, including amended returns.*
  • Works with controller and account management on special projects and identifying potential issues.*
  • Performs other related duties as assigned.

Math Ability:

Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations, and permutations. Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory, and factor analysis.

Computer Skills:

To perform this job successfully, an individual should have knowledge of word processing software, spreadsheet software, accounting software, time keeping systems, proprietary software, and proficiency with all Microsoft Office applications including Microsoft Great Plains, Microsoft Word, Microsoft Excel, Microsoft PowerPoint, and Microsoft Outlook.

Education/Experience:

Bachelor's degree (B. A. / B. S.) from four-year College or university; or four to six years general accounting or finance experience and/or training; or equivalent combination of education and experience.

Specialized Training:

  • Advanced excel
  • Pivot table
  • Grafting

Knowledge, Skills, and Other Abilities:

  • Working knowledge of health insurance industry, government affairs, and subsidy administration
  • Ability to exercise sound judgement
  • Excellent oral and written communication and customer service skills
  • Team player with a selfless attitude

The above is intended to provide general guidance regarding the responsibilities of the position. It is not intended to be an all-encompassing definition of what the position entails and may be changed at the discretion of Senior Management at any time.

PAI is an equal employment and affirmative action employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law.

Job Type: Full-time

Experience:

  • Microsoft Dynamics GP: 2 years (Preferred)
  • Accounting/Finance: 5 years (Preferred)

Education:

  • Bachelor's (Required)

Work Location:

  • One location

Benefits:

  • Health insurance
  • Dental insurance
  • Retirement plan
  • Paid time off
  • Professional development assistance
  • Tuition reimbursement