Finance and Accounting - Header
Finance and Accounting
Our Finance & Accounting professionals participate in creating our future and demonstrate achievement of set goals and objectives. Within the organization, we hire a range of knowledgeable and certified professionals in areas including but not limited to: Actuary, Rating, & Underwriting, Accounts Payable, Corporate Tax, Finance Quality Management, Information Management, Payroll, Treasury Operations, Risk Adjustment, Accounting
The Budget Department is responsible for administrative expenses, performing budgeting, forecasting and analysis of actual results. The department has team members assigned to all operational areas of the organization and works to assist them with their admin expense needs including analysis of proposals and plans. The area also has Cost Accounting staff and they allocate the admin costs out to the health plan’s lines of business for use in product pricing and evaluation of product profitability.
Finance Planning & Analysis
Accountable for the development of financial information and reporting, including budgeting, forecasting and analytics to assess the financial performance of the organization.
Treasury Business Process Management & Cash Management are responsible for Cash Management, Government Reporting, Lawson System Support, Provider Remittance Oversight, and Support Ascend Software. Operations also include Pools Administration: Contract with New York State Department of Health, New York Health Care Reform Act Pool Administrator, and transferring/investing funds.
Payroll & Accounts Payable help process payroll for the entire corporation on a timely basis, produces annual W‐2 forms, administer Kronos timekeeping application, process accounts payable for the entire corporation, process expense reports for the entire corporation, maintains master vendor listing.
Produces GAAP, SAP and Management financial reporting. Supports MAR (SOX) process and monitors MAR (SOX) compliance. Provides financial information to the business areas. Analyzes financial filings and report findings. Manages various external audits (D & T, NYDFS, BCBSA, IG, etc.). Provides Operational Support (AR, Claims, Premiums). Manages and supports HCRA Compliance Audits. Identifies inconsistencies in HCRA.
Consolidated and Subsidiaries Reporting
Accounting and financial reporting for the following entities on a GAAP and/or\SAP basis, for internal and external (regulatory) purposes:
- Investment accounting and reporting
- Income tax compliance reporting, tax consultation including tax accounting, etc.
- Provides financial information to the businesses and corporate treasurer
- Manages a variety of external audits (NYSDFS, PADOI, D&T, etc.)
- Monitors internal controls over financial reporting
- Technical accounting research