Director Insurance Accounting

3 weeks ago


Minneapolis, United States Gravie Full time

Hi, we're Gravie. Our mission is to improve the way people purchase and access healthcare through innovative, consumer-centric health benefit solutions that people can actually use. Our industry-changing products and services are developed and delivered by a diverse group of unique people. We encourage you to be your authentic self - we like you that way.

The Director, Insurance Accounting will provide overall accounting leadership for Gravie's stop loss insurance company, Risk Solutions Insurance Company (RSIC), and bring insight and direction to core responsibilities such as revenue recognition, reinsurance, and financial reporting. This role will act as a key partner of the Actuarial and Financial Operations teams to ensure alignment and understanding of total stop loss expense (i.e., claims paid and claims IBNR) and related MLR performance.

You will:

•Examine our current stop loss accounting practices, make recommendations on how those practices can be improved and help drive overall performance, and work to implement and operationalize those improvements.

•Build out reporting capabilities to provide strategic insights on Gravie's RSIC stop loss business.

•Partner with the Actuarial team to ensure timely and accurate preparation of actuarial estimates (e.g., IBNR) and strengthen reporting on MLR performance.

•Work with the Corporate Controllership team to ensure insurance-related accounting (e.g., revenue, reinsurance and IBNR) is completed timely and accurately as part of the monthly financial close process.

•Prepare technical memos and other documentation explaining conclusions on accounting and reporting topics related to RSIC.

•Actively participate in reinsurance processes on behalf of our stop loss business, including supporting procurement/renewal, owning the monthly calculation and remittance of reinsurance premiums and developing procedures to ensure accuracy and auditability of the process.

•Own monthly balance sheet reconciliation of employer level-funded claim accounts, and partner closely with Gravie's Financial Operations team to ensure we have strong reconciliation processes in place.

•Establish and maintain operational and financial procedures and controls.

•Prepare annual financial statements for RSIC.

•Act as a liaison with the external auditors.

•Identify opportunities to create scalable processes and enhance tools to improve the efficiency, timeliness and accuracy of accounting processes.

•Demonstrate commitment to our core competencies of being authentic, curious, creative, empathetic and outcome oriented.

You bring:

•10+ years of finance related experience

•Bachelor's degree in Accounting, Finance, a related field or equivalent

•Extensive experience with GAAP and health insurance accounting principles and reporting

•Excellent communication, interpersonal, leadership and team development skills

•Ability to work in a dynamic and rapidly evolving environment

Extra credit:

•CPA license

•Previous experience at a health insurance company

•SEC reporting experience

Competitive pay is standard. Our unique benefits program is the gravy, i.e., the special sauce that sets our compensation package apart. In addition to standard benefits, Gravie's package includes alternative medicine coverage, flexible PTO, 16 weeks paid parental leave, paid holidays, cell phone reimbursement, education reimbursement, and 1 week of paid paw-ternity leave just to name a few.



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