Deputy Controller

Deputy Controller

Job Ref: TE0139

Category: Finance

Department: FINANCE ADMIN

Location: 50 Water Street, 7th Floor, New York, NY 10004

Job Type: Regular

Employment Type: Full-Time

Work Arrangement: Hybrid

Salary Range: $160,000.00 - $174,313.00

Position Overview

Empower. Unite. Care.

MetroPlusHealth is committed to empowering New Yorkers by uniting communities through care. We believe that Health care is a right, not a privilege. If you have compassion and a collaborative spirit, work with us. You can come to work being proud of what you do every day.

The Deputy Controller is overseeing statutory accounting and financial reporting that support regulatory, internal, and external reporting requirements. Working cross-functionally within Finance, you will help ensure reporting accuracy, resolve complex accounting issues, and support requests from auditors and regulators. This role also drives continuous improvement across financial reporting processes, identifying opportunities to streamline workflows, enhance documentation, and leverage reporting tools to improve efficiency. In addition, this position will provide technical accounting oversight-researching new or complex statutory accounting matters, preparing technical memorandums, and monitoring emerging accounting standards that may impact the organization and provide guidance to accounting staff.

Scope of Role & Responsibilities

• Prepare and analyze monthly statutory financial statements and Statement of Revenues and Expenses by Lines of Business for management discussion and analysis
• Prepare and submit quarterly fiscal schedules to NYC Health + Hospitals for consolidated reporting
• Prepare and produce accurate statutory financial statements, including cash flow statements and footnotes, for MetroPlusHealth on a calendar year ending December 31, ensuring compliance with Standard Accounting Practice (SSAP) guidance and regulatory standards
• Prepare and analyze annual audited financial statements in accordance with General Accepted Accounting Principles (GAAP) and Government Accounting Standards Board (GASB) requirements for MetroPlusHealth, which is discretely presented in NYC Health + Hospitals' annual audited financial statements for the fiscal year ending June 30
• Prepare related financial tables (e.g. Table 4s) for the Medicaid Managed Care Operating Report (MMCOR),
• Lead MetroPlusHealth annual audits conducted twice yearly (fiscal year ending June 30 and calendar year ending December 31), coordinating with the accounting unit and cross-functional Finance teams to ensure all Provided by Client (PBC) items are prepared accurately and delivered to external auditors in a timely manner.
• Lead and submit responses to internal audit requests, including related to the Model Audit Rule (MAR) testing, in coordination with accounting to ensure timely, accuracy, and complete deliverables
• Coordinate with NYC Health + Hospitals Central Office and be responsible for the preparation of account analysis and reconciliation of Pension and Other Pension Expense Benefits related accounts for MetroPlusHealth, ensuring accuracy and compliance with applicable accounting standards
• Prepare, analyze, and reconcile monthly reimbursements for personnel services (PS) and other-than-personnel services (OTPS) associated with payroll and administrative expenses paid by NYC Health + Hospitals on behalf of MetroPlusHealth.
• Ensure current GAAP and Statutory accounting policies and procedures are followed
• Develop, maintain, and document accounting and operating policies and procedures for the accounting unit, including NAIC and NYS statutory accounting and reporting requirements, and GAAP for consolidation with NYC Health + Hospitals.
• Direct payments to third party administrators in coordination with Financial Operations.
• Coordinate with outside auditors for the separate NYC Health + Hospitals fiscal year GASB audit, including preparing fiscal year-based reports and analyses as required for NYC Health + Hospitals and auditors, and ensuring compliance with GASB accounting policies and procedures
• Monitor and maintain corporate compliance of all applicable Model Audit Rule requirements
• Assist in business recovery planning, as assigned.
• Participate in process reviews to identify operational and reporting efficiencies
• Coordinate integration of system changes impacting the Accounting's area.
• Provide financial statement reporting guidance, prepare accounting position papers for audit documentation, and manage special analyses, projects and other related duties as requested.
• Address ad hoc analyses as required or assigned by the Controller.

Required Education, Training & Professional Experience

• Bachelor's degree is required with 10 or more years of experience in the health insurance industry
• Experience with insurance statutory reporting and financial reporting processes.
• Strong technical accounting knowledge and ability to research complex accounting issues and prepare technical memorandums.
• Experience preparing financial statements, regulatory filings, and audited financial reports.
• Experience in writing corporate departmental policies and procedures
• Experience with PeopleSoft financial system
• Advanced proficiency in Microsoft Excel, Word, and other Office products

Licensure and/or Certification Required

• CPA license preferred but not required.

Professional Competencies

• Integrity and Trust
• Customer Focus
• Functional/Technical skills
• Excellent verbal, written and interpersonal skills

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