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Senior Financial Accounting Analyst

Company: HMSA
Location: Honolulu
Posted on: June 11, 2024

Job Description:


  • Responsible to prepare and coordinate the accounting and reporting for requirements of the ACA:

  • Prepares Statutory Health Care Exhibit (SHCE) report for the Association.

  • Obtains information from various departments, documents processes and procedures, interprets and summarizes data, and completes report in accordance with Federal guidelines.
  • Applies systematic, logical analysis, independent discretion, and judgment to solve problems, research and collect relevant information, and take action to select best precedents, guidelines, or options.
  • Develops good relationships with other departments and F/A staff members to define the requirements and ensure timeliness of information.


  • Ensures that all ACA Fees (Insurer Fees, Risk Adjustments, Patient Centered Outcomes Research Institute and High-Cost Risk Pool) assessed by the Federal government are properly recorded, reported, and paid in a timely manner.

  • Ensures proper accruals are recorded and classified based on information developed by the Underwriting department.
  • Coordinates payment and submission of tax reports by the Tax Unit.
  • Research is conducted on any changes in rates and calculations as required by Federal regulations.


  • Ensures that all "Risk Adjustments" assessed by the Federal government.


  • Support the preparation of the Quarterly and Annual Statement Blanks.

  • Prepare the Quarterly and Annual Statutory Blank Statement of Cash Flows (SAP basis).
  • Prepare various Quarterly and Annual Statutory Blank Footnotes.
  • Prepare SAP summary schedules for the CFO.
  • Support the Senior Financial Reporting Analyst with the preparation of the Quarterly and Annual Statutory Blank.


  • Analyze transactions and balances in HMSA's general ledger and Financial Reporting.

  • Perform reconciliations of assigned general ledger accounts and follow-up on any identified problems.
  • Assist in the preparation and review of the monthly financial statements and Board of Director reports.
  • Perform research and document variances of any fluctuations in account balances between prior periods and budgets.
  • Identify and record appropriate journal entries to the General Ledger.
  • Ensure that amounts recorded are accurate and complete.
  • Prepare monthly Treasurer's report.
  • Perform bank reconciliations of assigned bank accounts.
  • Prepare Audit Workpaper requests


  • Analyze and record key nonclaims and operating expenses.

  • Request payment for various nonclaims and operating expense
  • Ensure that accruals of assigned vendors are properly recorded.
  • Ensure that payments of assigned vendors are properly requested.


  • Perform accounting and reporting for large contracts, such as the State EUTF program.

  • Ensure that transactions are recorded properly in the GL and are reconciled to information provided by the UND department.
  • Work with the UND and AMS departments to communicate any discrepancies or problems.
  • Monitor cash flow and ensure that the State is making timely payments to HMSA.


  • Lead the testing effort for upgrades and modifications to the general ledger system.

  • Interface with the IT department to analyze, plan, and test all software upgrades and related changes in reports.
  • Coordinate with other units and staff to ensure all changes are communicated, properly tested, and documented before implementation.


  • Performs all other miscellaneous responsibilities and duties as assigned or directed

    #LI-Hybrid

Keywords: HMSA, Honolulu , Senior Financial Accounting Analyst, Accounting, Auditing , Honolulu, Hawaii

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