Senior Accountant

Published April 29th, 2025

Hybrid, must be local and work onsite 3 days each week (North Kingstown, RI) – $70k-$85k, PBM is no longer required 

DETAILED RESPONSIBILITIES

  • Execute daily financial transactions and procedures while ensuring compliance with Company policy and technical and regulatory body requirements. Stay current on the company’s technical accounting and finance approach and positions.  
  • Develops, coordinates, oversees, and reports the status of the monthly financial close cycle. Maintains and adjusts the cycle as necessary to meet or accelerate deadlines. 
  • Responsible for developing monthly and quarterly cash flow reporting and analysis, coordinating requirements, and having a visible role in meetings, ensuring clear communication of cash flow needs, opportunities, and risks.
  • Prepares timely, accurate, and complete financial close reporting, projections, analyses, and explanations for senior management and GST Finance as needed.
  • Responsible for overseeing new PBM client invoicing implementation process for Finance.    
  • Oversight of the accounting impacts. This includes reviewing and approving monthly journal entries, account reconciliations, and analysis of results for financial activity within PBM Accounting.
  • Oversees completion of all close cycle components and executes the more complex components (e.g., liability estimates, write-off recommendations, complex journal entries, etc.).
  • Reconciles drug manufacturer reimbursements to the employer group and manages the group-level reporting and payments.
  • Generates accrual reports and performs ad hoc analyses in response to client requests for CMS subsidy impacts on client benefit designs and performance. 
  • Oversees cash receipts and distributions and administers CMS overpayment processes. 
  • Monitors client performance related to CMS subsidies. Forecasts EGWP client subsidies as required.
  • Develops and maintains deep subject matter expertise related to Medicare Part D Payment processing, Medicare Part D benefit administration, and related financial functions. 
  • Support and manage requests from internal and external auditors as they complete the financial statement and internal control audits.
  • Reviews peers’ work, including journal entries, reconciliations, and economic and operational reports, for accuracy and completeness.
  • Evaluate and propose process improvement and efficiency opportunities.
  • Performs and/or ensures the completion of other operational duties, such as reviewing new contracts for PBM Finance deliverables and responsibilities.
  • Assess and improve internal controls and policies/procedures to address the current operating environment, including touch points with other departments and operating entities, and introduce best practices. 
  • Report and resolve internal and external stakeholder issues or inefficiencies. What does this mean?
  • Foster strong inter-departmental collaboration on projects, initiatives, and problem resolutions. 
  • Participate in industry and technical seminars/training; maintain and acquire additional certifications and skills; establish professional and personal networks; research best practices and knowledge share with others; participate in professional or industry societies.

EDUCATION AND EXPERIENCE

  • Experience in complex accounting
  • BS or MS degree in Accounting, Finance, or Audit
  • 5-7 years of accounting, auditing, or finance operations experience within the PBM/RX industry highly desired
  • At least 3 years of experience reviewing the work of others and mentoring/coaching or supervisory experience.
  • Relevant industry accounting experience (e.g., RX/PBM operations, insurance/group benefits, third party administration, revenue recognition, etc.) with a broad range of accounting and financial analysis exposure highly desired
  • The ideal candidate will have a strong accounting background with the ability to meet tight deadlines in a fast-paced environment.
  • Ability to work cross-functionally in a large organization, communicating effectively at all levels.
  • Rx or PBM (Pharmacy Benefit Management) experience a plus.

TECHNOLOGY SKILLS

  • Strong data analysis and related analytical tool skills (Access, Excel)
  • Experience with Great Plains or similar G/L packages
  • Ability and experience with system and data conversions
  • Ability to converse knowledgeably with IT personnel.
  • Advanced skills in Microsoft Office products with an emphasis on Excel, Word, and Power BI

COMPETENCIES

  • Ethics, integrity, high-quality service delivery
  • Entrepreneurial, self-sufficient, proactive with recommendations and actions
  • Internal and external customer service
  • Relationship-building, teamwork, mentoring, networking

#toponehire

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