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Senior Accountant

Company: Apollomed
Location: Alhambra
Posted on: January 16, 2022

Job Description:

THE COMPANY
Network Medical Management (NMM) is a Management Services Organization (MSO) comprised of healthcare professionals and financial experts, whose industry expertise enables clients to attain their financial goals and achieve organizational success. NMM provides comprehensive administrative support to Independent Physicians Associations (IPAs) and medical groups, pursuing both quality patient-care and profitability. As health care industry continues to evolve, NMM remains at the forefront, anticipating changes and their impacts to the client. NMM believes in a solid infrastructure and technology, which ensure the delivery of an integrated health care system with the highest efficiency and accuracy. SUMMARY The IPA senior accountant is responsible for applying generally accepted accounting principles in accordance with U.S. GAAP, perform procedures to analyze financial information, prepare accurate and timely financial statements for clients, and ensure appropriate internal control policies and procedures are adhered to. ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Oversees deposits of cash on time while keeping accurate accounting records.
  • Keeps the manager up to date on all relevant and appropriate matters as it pertains to his/her position.
  • Prepares monthly journal entries and maintains complete records of these transactions.
  • Reconciles bank statements and keeps an accurate running total of cash on hand.
  • Ensures monthly balance sheet account reconciliations are prepared timely and accurately.
  • Monitors timeliness and accuracy of capitation payments received from payors.
  • Ensures all payables are processed accurately and on time.
  • Maintains a tracking system of all clients monthly capitation revenue, shared/full risk revenue and incentive income.
  • Prepares and updates monthly IBNR calculation schedules.
  • Compile and analyze financial information to prepare financial statements including monthly and quarterly management reports in accordance to U.S. GAAP.
  • Oversees accurate and appropriate recording and analysis of revenues and expenses and ensure financial records are maintained in compliance with accepted policies and procedures;
  • Ensures accurate and timely monthly, quarterly and year end close processes making certain all financial reporting deadlines are met;
  • Assists in preparation and submission of quarterly and annual reports as required by Department of Managed Health Cares agreement.
  • Submits quarterly and annual financial reports to the health plans
  • Manages daily cash flow and determine excess cash for maximization of return;
  • Supports of budget and forecast activities; including fluxes preparation against actual results.
  • Monitors and supports taxation requirements for provision, as well as complete and issue Form 1099 filings;
  • Prepares for financial audit and coordinate the audit process including working with external auditors and health plans
  • Collects / analyzes financial information and develop and maintain financial databases;
  • Ensures compliance with relevant laws and regulations and integrity of financial data;
  • Assists with ad-hoc procedures and tasks as requested from management. EDUCATION and/or EXPERIENCE Bachelors Degree in Accounting or equivalent from an accredited university. Three plus years progressively responsible experience in accounting Knowledge and experience in the managed care space is preferred. Experience working in a public accounting firm is preferred. Strong quantitative and analytical skills and the ability to interpret financial data, including financial statements and key ratios. High proficiency in Microsoft Word and Excel; experience involving extensive work with complex spreadsheets. Team player who doesnt mind digging into the details. Understanding of US GAAP and experience researching technical accounting issues. Highly motivated individual who can work independently. Experience with SOX 404 is a plus. Knowledge of SAGE 100 accounting software is a plus. LANGUAGE SKILLS Ability to read and comprehend simple instructions, correspondence, contracts, and memos. Ability to effectively present information in one-on-one and/or small group situations to clients, and other employees of the organization. REASONING ABILITY Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished by written, oral, diagram, or schedule form.by Jobble

Keywords: Apollomed, Alhambra , Senior Accountant, Accounting, Auditing , Alhambra, California

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