Blue Cross and Blue Shield Association logo

Director, Corporate Accounting and Financial Reporting

Blue Cross and Blue Shield Association
  • Philadelphia, PA
    3 days ago

    Job Description

    Bring your drive for excellence, teamwork, and customer commitment to Independence. Join us as we renew and reimagine the future of health care. Together, we will fulfill our mission to enhance the health and well-being of the people and communities we serve.

    Reporting to the Chief Accounting Officer, the Director, Corporate Accounting and Financial Reporting is a senior leader within the Corporate Accounting function responsible for overseeing accounting operations, financial reporting, close governance, and related compliance activities for Independence Health Group (IHG) and its subsidiaries. This role provides strategic leadership to ensure timely, accurate, and well-controlled financial results in accordance with GAAP, Statutory Accounting Principles, regulatory requirements, and internal policies.

    The Director partners closely with the Chief Accounting Officer, Finance leadership, operational business areas, external auditors, and regulators to strengthen accounting processes, support enterprise reporting needs, and drive continuous improvement across the Corporate Accounting function. This position provides leadership, direction, and escalation support to managers and staff, with accountability for the quality, consistency, controls, and effectiveness of team deliverables.

    Specific Duties

    • Provide strategic leadership and oversight of corporate accounting operations and financial reporting activities, including month-end, quarter-end, and year-end close governance, reporting readiness, issue resolution, and timely delivery of accurate financial information.
    • Oversee assigned accounting and financial reporting areas across IHG and its subsidiaries, ensuring the integrity of financial statement balances, accounting judgments, account ownership, reconciliation quality, reporting outcomes, and supporting analyses.
    • Maintain oversight of GAAP, Statutory, NAIC, regulatory, and internal reporting requirements, ensuring processes support compliance, consistency, and audit readiness across applicable legal entities and reporting areas.
    • Serve as a senior escalation point for complex accounting, reporting, operational, and control matters. Proactively identify risks and elevate significant issues with recommended action plans.
    • Lead, coach, and develop accounting managers and staff. Establish performance expectations, manage priorities, support cross-training and succession planning, and foster a culture of accountability, collaboration, continuous improvement, and professional growth.
    • Partner with the Chief Accounting Officer and senior Finance leaders to assess financial results, identify key drivers and risks, evaluate reporting implications, and prepare materials for executive discussions, audits, regulatory matters, and significant accounting conclusions.
    • Coordinate activities with external auditors and regulatory examiners, including audit planning, issue escalation, management responses, and resolution of audit and compliance matters.
    • Support regulatory and compliance reporting requirements, including statutory financial statements, supplemental filings, Medical Loss Ratio (MLR) reporting, risk-based capital reporting, and responses to regulatory inquiries and examinations.
    • Collaborate with Accounting, FP&A, Actuarial, Tax, Treasury, Legal, Regulatory, Claims, Billing, and operational teams to assess business activities, evaluate accounting impacts, and align operational processes with financial reporting requirements.
    • Drive continuous improvement in close processes, accounting policies, reporting procedures, internal controls, reconciliation oversight, and documentation standards to improve quality, consistency, transparency, and scalability.
    • Support the development, maintenance, and consistent application of accounting policies, procedures, and position papers.
    • Lead special projects, process improvements, system implementations, organizational changes, and automation initiatives that impact accounting operations and financial reporting.
    • Promote the responsible use of data, analytics, automation, and AI-enabled tools to improve efficiency, strengthen controls, reduce manual effort, and enhance financial reporting insights.

    Knowledge, Skills, and Abilities

    • Proven executive leadership and people management skills, including the ability to lead through managers, develop talent, set strategic direction, and drive accountability across multiple teams.
    • Deep knowledge of GAAP, Statutory Accounting Principles, NAIC guidance, regulatory reporting requirements, internal controls, and financial close governance within a complex organization.
    • Ability to evaluate complex accounting conclusions, reporting implications, financial statement presentation matters, and enterprise-wide accounting impacts.
    • Strong business partnership skills with the ability to connect operational activities to accounting outcomes and communicate financial impacts to executive leadership and non-accounting stakeholders.
    • Experience overseeing financial close, accounting operations, reporting, audits, regulatory filings, and compliance activities in a deadline-driven environment.
    • Strong communication and executive presence, with the ability to influence stakeholders, lead issue resolution, present recommendations, and communicate effectively with auditors, regulators, senior leadership, and cross-functional partners.
    • Demonstrated ability to lead through change, manage competing priorities, assess risk, and make sound business decisions using professional judgment and a strong control mindset.
    • Experience with ERP systems and financial data tools, including PeopleSoft and related reporting or reconciliation platforms.
    • Strong analytical and problem-solving skills, including the ability to identify trends, assess root causes, evaluate financial risks, and recommend practical solutions.
    • Continuous improvement mindset with experience leading process, control, documentation, automation, and technology-enabled enhancements across accounting and finance functions.
    • Advanced proficiency with Microsoft Excel and financial reporting tools. Experience with ERP systems, reconciliation platforms, workflow tools, data visualization solutions, Microsoft Copilot, and other AI-enabled technologies is preferred.

    Education and Experience

    • Bachelor's degree in Accounting required.
    • CPA required.
    • Twelve or more years of progressively responsible experience in accounting, financial reporting, audit, or a related finance function required.
    • Prior experience managing managers and leading accounting teams required.
    • Experience in health insurance, regulated industries, Big Four or national public accounting firms, statutory reporting, complex consolidations, complex legal entity environments, or executive and audit committee reporting support preferred.

    Independence has implemented a "Hybrid" model which consists of Associates working in the office 3 days a week (Tuesday, Wednesday & Thursday) and remotely 2 days a week (Monday & Friday). This role is designated as a role that fits into the "Hybrid" model. While associates may work remotely on our designated remote days, the work must be performed in the Tri-State Area of Delaware, New Jersey, or Pennsylvania.

    IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.

    Must have an Android or iOS device which is compatible with the free Microsoft Authenticator app.

    Numbers & Facts

    LocationPhiladelphia, PA
    IndustryInsurance
    Company Size2,000 to 2,499 employees
    Websitehttps://www.bcbs.com/about-us/careers

    About Company

    At the Blue Cross and Blue Shield Association (BCBSA), we provide business strategy, technical support and consulting expertise to 36 Blue Cross and Blue Shield companies across the nation, employing more than 1,000 of the best strategic thinkers in the industry. We are a Brand manager that sets quality control standards for the 36 independent companies that use the Blue Cross and Blue Shield Brands, and we serve as a trade association that represents these Blue companies. It is through our involvement that the Blues companies share a united vision and strategy while also benefiting from the local strength of all member companies.

    Skills

    • Accountingunmatched
    • Accounting Closeunmatched
    • Accounting Policiesunmatched
    • Accounting Standards and Regulationsunmatched
    • Actuarial Skillsunmatched
    • Analysis Skillsunmatched
    • Artificial Intelligence (AI)unmatched
    • Automationunmatched
    • Billingunmatched
    • Business Analysisunmatched
    • Business Skillsunmatched
    • Coachingunmatched
    • Communication Skillsunmatched
    • Continuous Improvementunmatched
    • Cross-Functionalunmatched
    • Data Analysisunmatched
    • Data Visualization Toolsunmatched
    • Document Managementunmatched
    • Documentation Standardsunmatched
    • ERP (Enterprise Resource Planning)unmatched
    • External Auditunmatched
    • Financeunmatched
    • Financial Analysisunmatched
    • Financial Auditunmatched
    • Financial Controlunmatched
    • Financial Managementunmatched
    • Financial Operationsunmatched
    • Financial Planning and Analysis (FP&A)unmatched
    • Financial Reportingunmatched
    • Financial Riskunmatched
    • Financial Statementsunmatched
    • Generally Accepted Accounting Principles (GAAP)unmatched
    • Health Insuranceunmatched
    • Healthcareunmatched
    • Leadershipunmatched
    • Legalunmatched
    • Legal Reportsunmatched
    • Maintain Complianceunmatched
    • Microsoft Excelunmatched
    • Microsoft Product Familyunmatched
    • Operational Auditunmatched
    • Operational Controlunmatched
    • Operations Processesunmatched
    • People Managementunmatched
    • Peoplesoft PeopleToolsunmatched
    • Position Papersunmatched
    • Problem Solving Skillsunmatched
    • Process Improvementunmatched
    • Public Accountingunmatched
    • Quality Managementunmatched
    • Reconciliationunmatched
    • Regulationsunmatched
    • Regulatory Complianceunmatched
    • Regulatory Reportsunmatched
    • Regulatory Requirementsunmatched
    • Regulatory Submissionsunmatched
    • Riskunmatched
    • Risk Analysisunmatched
    • Root Cause Analysisunmatched
    • Strategic Planningunmatched
    • Succession Planningunmatched
    • Talent Managementunmatched
    • Team Lead/Managerunmatched
    • Team Playerunmatched
    • Time Managementunmatched
    • Treasuryunmatched
    • Trend Analysisunmatched

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