FEP Accountant

Perform technical and analytical processes in the area of accounting and reporting for the Federal
Employee Program (FEP)and FEP Service Charge Program. Review and evaluate procedures to ensure
efficiency in month-end close process, andinterface between the sub-systems and the general ledger

Responsibilities include but are not limited to:

* Perform daily financial accounting activities, including transaction preparation
and review, and fund disbursements. Remit/approve adjustments and update
adjustment reporting. Provide Plan and internal support for adjustments and
Special Plan Invoice submission. Create daily Treasury Drawdown report. Process
annual Service Charge payments and distributions. Create documentation
related to new processes and ensure that electronic versions are appropriately
organized. Point of contact for pharmacy benefits manager(s). Point of contact
for Wellness Program. Run processes to allocate expenses and identify any
discrepancies/errors.

* Research and compile information for department reports/analysis, including
responses to audit requests and legal inquiries. Respond to Plan inquiries.
Participate in collaboration with other departments, especially within the FEP
Director's Office.

* Assist in reviewing and evaluating month end processes to ensure efficiency in
month-end close process via the Accounts Payable sub-system and the General
Ledger system. Edit PeopleSoft queries/request system changes as needed to
meet needs of process.

* Provide back-up to other FEP Accountant. Monitor Plan financial performance
and reports, and as necessary, recommend action plans to identify, track, and
resolve Plan financial issues. Keep abreast of changes in the legislative,
regulatory, and health care industry to assess impacts FEP and BCBSA financial
strategies and programs. Work to adapt current financial reporting practices and
systems to ensure adherence to required changes in US GAAP and/or Federal
regulations, exercising judgment in determining the appropriate accounting
treatment. Other special projects or specific processes, as required, including
participating on cross-functional teams, in order to provide a financial
perspective. Serve as a decision-support resource to FEP business owners, as
well as BCBSA accounting staff. Responsibilities also include Plan interaction,
customer service, and assurance that efficiency and quality standards are met.

Required Basic Qualifications:

Bachelor's degree in Accounting
• Minimum 5 years of accounting experience, including all aspects of the monthly close process, transaction processing and cash management
• Excellent organizational skills to manage multiple priorities/projects under tight timeframes with a sense of urgency
• CPA required

Preferred Basic Qualifications:

• Bachelor's degree in Accounting.
  
• Master's degree desired.
  
• Minimum 5 years of accounting experience, including all aspects of the monthly close process, transaction processing and cashmanagement.
  
• 2 years experience researching accounting issues, performing complex reconciliations, and understanding uniquefinancial situations.
  
• Excellent organizational skills to manage multiple priorities/projects under tight timeframes with a sense of urgency.
  
• Demonstrated understanding of internal controls.
  
• Knowledge or experience in the health insurance industry.
  
• Proficiency in PeopleSoft preferred.
  
• Strong communication skills.
  
• Ability to understand complex accounting transactions, and to apply US GAAP and non-GAAP standards

Blue Cross Blue Shield Association is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, national origin, age, gender identity, disability, veteran status, genetic information or any other legally protected characteristics