Director, Financial Reporting

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Company Overview:

Clear Spring Health is part of Group One Thousand One (“Group1001”), a customer-centric insurance group whose mission is to make insurance more useful, intuitive and accessible so that everyone feels empowered to achieve financial security. Clear Spring Health is dedicated to helping seniors protect their health and well-being by providing Medicare Advantage plans in select counties of Colorado, Illinois, North Carolina, and Virginia, plus Georgia and South Carolina and offers Medicare Prescription Drug Plans in 42 states plus DC.

Job Summary:

The Finance Department at Clear Spring Health is currently seeking a Director of Financial Reporting (“Director”) with strong accounting, data analysis, problem-solving, and communication skills for a Remote, Park Ridge, IL or Zionsville, IN location. The Director participates in a variety of financial accounting, financial reporting, financial analysis, and regulatory reporting functions that include preparing and reviewing internal and external financial statements, internal and external audit support, communications with regulators, monthly financial close support, and other ad hoc projects.  

The position is a working managerial role with responsibilities that must be completed directly by the Director of Financial Reporting in addition to the review of work performed by more junior staff. This role supports the Health segment of Group 1001. 

The position presents an opportunity to join a very collaborative team in a fast-paced and dynamic multi-company environment which will allow you to learn and grow your knowledge of accounting concepts and practices.

Main Accountabilities:
•    Prepare and/or reviews various financial reports including statutory audited financial statements, statutory quarterly and annual statements (Orange Blank), analytic reports, and ad hoc reports, as requested
•    Reviews and approves journal entries and account reconciliations
•    Supports the monthly and quarterly close process
•    Assists with various audits of the company records, collaborating closely with external auditors, internal auditors, various departments of insurance personnel, and other agents
•    Performs technical accounting research and drafts memorandum for new or complex transactions and accounting pronouncements
•    Liaisons across departments, including by not limited to the investment, actuarial and tax departments, to facilitate the monthly financial statement close process 
•    Maintains internal control processes for audit compliance support and documentation
•    Contributes to determining accounting consequences for proposed and/or completed actions
•    Assists in the implementation of new accounting guidance and regulatory requirements, as requested

Qualifications:
•    Bachelor’s degree in accounting/finance
•    CPA preferred
•    6+ years of experience in accounting and financial reporting, including hands-on experience with statutory accounting and reporting within the health insurance industry
•    Public accounting experience a plus
•    Experience with Workday Financials / Oracle a plus
•    Experience with statutory reporting software (WINGS, eFreedom) a plus
•    Excellent oral, written, listening, and presentation skills and ability to clearly articulate complex information to others
•    Demonstrated ability to proactively identify and solve problems and issues of all types
•    Ability to establish positive relationships and work effectively with all departments and affiliates to ensure integration of strategic goals and principles
•    Demonstrated ability to utilize technology to work more efficiently, more productively and as an auditing tool
 

Our compensation reflects the cost of labor across several U.S. geographic markets. The base pay for this position ranges from $145,000/year in our lowest geographic market up to $160,000/year in our highest geographic market.  Pay is based on a number of factors including market location and may vary depending on job-related knowledge, skills, and experience. 

Benefits Highlights:  

Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.  Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company’s Employee Assistance Program and other wellness initiatives.  Employees may also participate in the Company’s 401K plan, with matching contributions by the Company. 

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

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