Blue Cross Blue Shield - Eagan, MN
posted about 2 months ago
The Investment Accounting Manager at Blue Cross Blue Shield of Minnesota plays a crucial role in managing the financial reporting and accounting for the Investment and Treasury departments. This position is responsible for ensuring the accuracy of financial, management, and regulatory reporting specific to these areas. The role involves the implementation and execution of financial policies, procedures, and controls for all general ledger activities, including interfaces, journal entries, and monthly financial reporting processes. The Investment Accounting Manager and their team report directly to the Vice President of Treasury & Chief Investment Officer, highlighting the importance of this role within the organization. In a typical day, the Investment Accounting Manager will oversee the proper recording of multiple interfaces and journal entries for various companies, market segments, and business units using SAP. This includes establishing appropriate accounting methodologies in compliance with both GAAP and STAT requirements. The manager will also direct, review, and distribute monthly financial statements and management reports, providing accurate and relevant information for business decisions. This involves collaboration with various levels of corporate management, including subsidiaries, to interpret and analyze financial results and variances to budget and forecast, as well as assisting in developing budget and forecast projections. Additionally, the Investment Accounting Manager is responsible for preparing numerous external regulatory filings, including those required by NAIC, BCBS Association, CMS, and the Department of Commerce. The role requires coordination across departments to ensure accuracy and timely filing, as well as collaboration with external auditors for annual and interim audits. The manager will serve as a technical resource on Statutory Accounting Principles, Generally Accepted Accounting Principles, and internal accounting policies, providing leadership and recommendations for technical investment and accounting strategies. The position also involves managing the department, including interviewing and hiring employees while ensuring compliance with EEO and Affirmative Action guidelines. The Investment Accounting Manager is expected to foster an inclusive environment that promotes diversity of thought and team engagement, providing coaching, career development conversations, and performance evaluations to their team members. Continuous enhancement and improvement of financial systems, processes, and reporting capabilities are also key responsibilities of this role.