Benefits Trust Fund Controller

Benefits Trust Fund Controller

Requirements

• Five years of managerial experience in the field of accounting, including two years of experience directly supervising other accounting professionals
• Bachelor’s degree in accounting or a closely related field

Responsibilities

• Establishes and maintains good internal control processes, procedures, and monitoring programs to comply with Generally Accepted Accounting Principles (GAAP)
• Monitors enrollment, accrual levels, expenses, and claims utilization to ensure funding adequacy and to identify emerging trends
• Creates annual, audited financial statement and monthly and quarterly management reports then present them to leadership and the Board of Trustees
• Collaborates with an external actuary to develop and monitor reserves and rates, and with Budget, Finance, and Treasury departments to ensure alignment of all records and systems
• Oversees internal and external financial audits, reviews claim lag and reconciles with unpaid claims; identifies and monitors liabilities
• Performs month-end and year-end closing activities
• Establishes and daily monitors bank accounts and funds them when necessary
• Hires, manages, coaches, develops, and rewards assigned staff
• Reviews and approves all general ledger transactions and provides assistance to staff in preparing more complex transactions
• Manages the collection and reconciliation of benefit premiums through payroll deduction
• Oversees bill payments and provides required approvals of financial accounting activities in the financial accounting system
• Researches and analyzes the impact of related legislation, industry trends, potential contracts, contract amendments, and other external cost drivers; performs in-depth financial analysis and cost benefits studies
• Develops and maintains budgets and forecasting models
• Implements continuous quality improvement processes

Preferred Qualifications

• Licensed as a Certified Public Accountant in the State of Arizona (CPA)
• Five years of experience in insurance accounting, public accounting, and/or self-funded benefits trust accounting
• Master’s degree in accounting or closely related field
• Experience with payroll and financial accounting systems (i.e., general ledger)

Benefits

No information provided on Benefits.