Senior Financial Regulatory Analyst - US Remote
UnitedHealth Group
- Minnetonka, MN
- $58,300-114,300 per year
- Permanent
- Full-time
- Be the subject matter expert for multiple assigned state contracts and their impact on financial reporting
- Complete and submit state agency financial reports for multiple assigned Medicaid contracts and ensure agency report submissions are compliant with regulatory requirements
- Ensure accuracy of assigned state agency reports by validating against financial statements and general ledger
- Support audit requests from state agencies, external auditors, and internal audit team by responding to regulatory inquiries and data requests
- Correspond with state agency personnel, external auditors, and controllership team and operations team partners on various requests
- Applicants should understand that this role is not a standard accounting role (no journal entries) and is primarily a financial reporting and data analytics role
- Prepare documentation in support of external and internal audits
- Support the accurate completion of all required financial regulatory reporting within mandated timelines
- Ensure that regulatory financial reports are compliant with regulatory requirements
- Review applicable state Medicaid communications and stay current on multiple state Medicaid financial reporting requirements
- Coordinate the preparation of written responses to routine inquiries and questions received from state Medicaid regulatory agencies related to the financial regulatory reports
- Regularly update management as regulatory reporting requirements change
- Support a wide range of state Medicaid reporting efforts
- Validate and reconcile data received from multiple sources (i.e., claims processing systems, financial data repositories, Microsoft Excel models, general ledger, etc.)
- Participate in process improvement and automation initiatives designed to reduce the number of man hours involved with the filing processes and increase accuracy of reported data
- Work extensively with cross-functional areas (Operations, Actuarial, and Accounting), to gather and analyze financial data needed for regulatory reporting and audits
- Bachelor's degree Finance, accounting, business administration, or related field
- 3+ years of experience in finance or accounting or related field
- Demonstrated technical and financial understanding of data repositories, contracts, claim system operations, and the resulting manipulation of data into financial regulatory reporting
- Expertise in data analytics, financial analysis and critical thinking ('outside the box')
- Advanced level of proficiency with Microsoft Office products (Excel, Access, Word), including ability to analyze and manipulate data in excel including using pivot tables and formulas
- Experience in preparing financial reporting for regulatory agencies
- Experience with PeopleSoft Financials or other general ledger accounting systems
- Healthcare Insurance experience
- Financial and/or Accounting experience handling regulated entities
- Working knowledge of GAAP and Statutory Accounting Principles
- Solid communication skills, both verbal and written
- Comfortable working independently
- Solid analytical skills and attention to detail
- Ability to perform effectively in matrix relationships