Job Description Controller - Louisiana Health Cooperative -...
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Controller Job Description, page 1 of 3
General Summary: The Controller will be responsible for accounting, budgeting, payables and receivables, statutory account maintenance and reporting, premium tax accounting and payment, reporting to HHS and State insurance departments, annual financial statements and audits, accounting and financial system development, and other financial activities. Louisiana Health Cooperative is a non‐profit health insurance CO‐OP—Consumer Operated and Oriented Plan. We are governed by our members and exist to offer affordable, consumer‐friendly and high‐quality health insurance options for individuals and businesses in Louisiana. Our company environment is open and entrepreneurial with a high degree of cross‐functional collaboration and hands‐on teamwork.
To deliver on the LAHC mission, the Controller will:
Responsibilities: Manage accounting and general ledger activities:
o Maintain financial records in accordance with generally accepted accounting principles (GAAP) and statutory accounting principles (SSAP).
o Assess new standards for relevance and impact on Louisiana Health Cooperative. Where applicable, communicate implications on business operations.
o Supervise accounts payable and receivable; fixed assets; and all general ledger activities, where relevant.
o Coordinate with actuarial resources to determine impacts on financial statements o Work closely with IT in vetting processes and systems required for successful enterprise
financial management implementation and ongoing maintenance
Complete reporting and compliance activities o Prepare financial statements in accordance with Statutory Accounting Principles. o Prepare quarterly and semi‐annual reporting to CMS. o Implement and maintain internal control structure commensurate with size of
organization/resources available. o Complete A133 audit o Complete quarterly and annual financial filings for Louisiana Dept. of Insurance o Prepare premium tax returns and supervise filings o Prepare MLR, HHS, and Exchange reports
Position Title: Controller
Department: Finance
Reports To: Chief Financial Officer
Location: Louisiana Health Cooperative, Inc.
Pay Grade: Exempt
FLSA Status:
Date Written/Revised: December 2013
Job Description
Controller
Controller Job Description, page 2 of 3
o Understand and implement ongoing reporting and compliance activities.
Oversee budgets and budget reporting o Implement annual budgeting process o Prepare all budget templates and assist internal groups in budget preparation o Prepare monthly budget reports o Develop corporate performance metrics and reporting regimes o Understand and manage cash flow needs of LAHC o Monitor CH activities to ensure compliance with requirements of 501(c)29 ‐ CH’s tax exempt
status o Complete income tax filings including 990, sales/use tax, etc.
Coordinate all inspection and audit activities: o Develop and maintain relationships with State of Louisiana Insurance Commissioner,
McGladrey, HHS and other relationships. o Coordinate annual audit of financial statements, A133 compliance audit, examinations by
Louisiana Dept of Insurance, inspection by HHS and other activities.
Project planning/cost accounting: o Update project plan monthly and compare to budget.
Information Technologies and Business Recovery: o Supervise implementation of new financial management system o Coordinate integration of financial system with data feeds from vendor partners o Coordinate IT risk management and mitigation plan o Coordinate HIPAA and data integrity compliance o Coordinate disaster recovery plan preparation and updates o Coordinate State exchange data and financial interface requirements o Serve as lead financial system visionary for future system upgrades to achieve “best practice” in
corporate financial management
Supervise small accounting staff in a lean environment. Supervise skill development and upgrade program for staff.
Work under minimal supervision but in a small, collaborative group
Develop skills sufficiently to assume CFO role within five years
Implements all elements of new financial management system
Completes budget template development
Meets all deadlines for monthly and quarterly reports
Maintains high internal satisfaction ratings for financial decision support
Maintains high audit standards in management letter
Completes milestones on time and within budget
Ensures staff training and personal skill growth
Meets cultural expectations for interpersonal and management styles within a startup cooperative venture
Non-essential Job Functions
Bi‐lingual
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Experience:
Four plus years in auditing firm performing audits of insurers or eight years in growing accounting roles in a health insurer
Knowledge of fundamental concepts, practices and procedures of insurance industry
Proven ability to leverage peer relationships within an organization
Ability to direct and manage a small accounting group
Work effectively with a wide variety of company functions and individuals
Must perform duties under deadline pressure in a fast‐paced, high volume, office work environment with multi‐tasking capabilities
Perform effectively when changes in priorities, direction and resources occur
Possess strong communication skills ‐ verbal and written
Strong presentation skills and public speaking skills
Proven skills in using financial management programs, spreadsheets, word processing and presentation software
Strong analytical skills and detail oriented to create and execute development plans
Cultural fit with startup non‐profit cooperative health insurance venture
Desired skills/experience
IT project management Education: Bachelor's degree with CPA designation. Software Requirements: Proficiency in Microsoft Office
Machinery/Tools/Equipment Requirements: Must have the ability to use mobile devices, computer, fax, scanner, phone, and copy machine.
Physical Requirements:
1. Light Work: exerting up to 10 pounds of force occasionally, or a negligible amount of force frequently to lift, carry, push, pull or otherwise move objects. May involve sitting most of the time, but may involve walking or standing for brief periods of time.
2. Sitting or standing, bending, stooping, and the ability to carry items weighing up to 20 pounds. 3. Constant adequate range of motion and mobility required. 4. Typical ability to collect and analyze numerical and written data and verbal information to reach logical
conclusions and ability to determine the time, place and sequence of operations or actions required. 5. Regular talking and the ability to express and exchange ideas by means of language expected. 6. Constant ability to read, record or type data quickly and accurately required.
Environmental/Working Conditions:
1. Working long hours between breaks or meals required. 2. Ability to work under and handle stress in an appropriate manner required. 3. May be exposed to high, medium, or low noise intensity. 4. Constant contact with co‐workers required.