Supervisor Accounting - Hyderabad, India - Optum

Optum
Optum
Verified Company
Hyderabad, India

4 weeks ago

Deepika Kaur

Posted by:

Deepika Kaur

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Description
Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives.

The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best.

Here, you will find a culture guided by diversity and inclusion, talented peers, comprehensive benefits and career development opportunities.

Come make an impact on the communities we serve as you help us advance health equity on a global scale.

Join us to start
Caring. Connecting. Growing together.


They should be in a position to supervise and direct financial analytics and reporting staff, manage projects, implement and improve internal controls, drive efficiencies in the team, provide reports and management dashboards and serve as an escalation point of customer and address issues.

The incumbent will be responsible for managing career growth within the department and maintaining employee job satisfaction, as well as maintaining relationships and collaborating with business partners to meet business goals.


Primary Responsibilities:

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Job Components:


  • Prepare for financial audit and coordinate the audit process
  • Analyze and advise on business operations including revenue trends, financial commitments and future revenues
  • Manage business process rules (subledger to ledger)
  • Manage a team of 7 individuals and provide regular feedback
  • Provide staff with opportunity for growth and/or crosstraining
  • Support the month end close process with consolidating the reporting and ensuring the accuracy of deliverables
  • Review and analyze the monthly financial reconciliations related to various revenue sources for the health plan
  • Lead the process to categorize and resolve the exceptions coming out of membership and revenue reconciliations in partnership with the enrollment operations and the health plan
  • Review the recommended accounting entries to the general ledger and accruals/ reserves based on the monthly revenue analysis and reconciliations
  • Leverage technology to add controls and eliminate risk from financial processes
  • Develop and document policies and procedures for the revenue team, in consultation with the management
  • Participate in system implementation activities like testing and help in the standardization of revenue analysis and accounting processes across the organization
  • Support analyses required to support timely collection of accounts receivable
  • Provide internal service and support to project managers and field finance leads on various revenue related financial issues. Maintain good working relationships with business partners like field finance leads, enrollment operations, health plan accounting, IT etc.
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Role Decisions and Impact:


  • Supervise and master all the financial processes within the team
  • Guide the team in creating, updating and maintaining the processes as per the changing business needs.
  • Be hands on in working with the team on the financial processes, reporting, analytics and accounting for revenue and membership
  • Review and approve the reports sent to the onshore
  • Manage the monthly billing and accrual process for different revenue sources to ensure accurate financial results within established timeframes
  • Support in Research and evaluate trends and variances in health care revenues and receivables as well as variance analysis related to volume and rates
  • Ensure financial records are maintained in compliance with accepted policies and procedures
  • Resolve accounting discrepancies and irregularities
  • Monitor and support issues
  • Comply with the terms and conditions of the employment contract, company policies and procedures, and any and all directives (such as, but not limited to, transfer and/or reassignment to different work locations, change in teams and/or work shifts, policies in regards to flexibility of work benefits and/or work environment, alternative work arrangements, and other decisions that may arise due to the changing business environment). The Company may adopt, vary or rescind these policies and directives in its absolute discretion and without any limitation (implied or otherwise) on its ability to do so

Required Qualifications:


  • Bachelors/ Master's in Commerce/ MBA /CA Inter/ CWA Inter/CA
  • Around 10+ years of relevant work experience
  • Good in accounting with proven experience of closing process per GAAP
  • Knowledge of generally accepted accounting and bookkeeping principles and procedures
  • Knowledge of auditing practices and principles
  • Working knowledge of software tools (Ex: PeopleSoft, Excel, MS Access etc.)
  • Advanced proficiency in Microsoft Excel prior experience of handling large datasets
  • Proven ability to planning and organizing
  • Proven ability to information and task monitoring
  • Proven ability to possess very good understanding of revenue flow of a business, good insight into Revenue accounting and relat
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