Senior Accountant

About HPI

At HPI, we are a forward-thinking, national third-party administrator (TPA) specializing in self-funded health plan solutions. With over 44 years of industry expertise, our entrepreneurial spirit, flexible approach, and personalized service have empowered us to serve clients of all sizes across diverse industries. We deliver innovative strategies that maximize the value of every healthcare dollar.

The self-funded health plan landscape is constantly evolving. At HPI, our partners benefit from having a TPA with the expertise, resources, and creativity to deliver customized plan solutions that help them win and retain more business. We excel at driving costs down and managing risk, while enhancing our clients’ employees’ health insurance experience. Our goal is to help members clearly understand their health plan and provide responsive service, enabling them to fully utilize their benefits and achieve greater health.

Our commitment extends beyond our clients to our own employees. We foster a supportive and inclusive work environment where innovation thrives. By investing in our team’s growth and well-being, we ensure they are equipped to provide exceptional service. 

Summary: The Senior Accountant is responsible for managing the monthly accrual and review process for expenses. This position will assure all invoices not received by month end are included in the monthly financials. For the month end financial close process this position will analyze the financial results as compared to budget and prior month results and prepare reports showing variance analysis. This role will also be the primary back up for the Accounts Payable and Payroll process for HPI and is the primary processor of Accounts Payable and Payroll for Medcost.

Duties and Responsibilities (other duties may be assigned):

• Prepare and review financial statements (balance sheet, income statement, cash flow statement) to ensure accuracy and compliance with accounting standards.
• Analyze financial data to identify trends, variances, and opportunities for improvement.
• Coordinate month-end and year-end closing processes, ensuring timely and accurate reporting.
• Maintain and reconcile general ledger accounts, verifying entries and resolving discrepancies.
• Oversee journal entries, including accruals, adjustments, and corrections.
• Monitor and ensure proper documentation for all transactions
• Implement and monitor internal controls to safeguard assets and ensure integrity of financial information.
• Ensure compliance with regulatory requirements (e.g., GAAP, IFRS, tax laws).
• Support internal and external audits, preparing schedules and responding to auditor inquiries
• Identify opportunities to streamline accounting processes and enhance efficiency.
• Ensure timely reconciliation of accounts payable and receivable.
• Provide backup and oversight for the payroll process.

Minimum Education Requirements: 

• Associate’s or Bachelor’s degree in Healthcare Administration, Finance, or Business related discipline preferred.

Minimum Experience Requirements:

• 10+ years of experience in Finance department at a third-party administrator of health plans
• 5+ years of experience in payroll processing
• Strong organizational skills with the ability to manage multiple priorities
• Exceptional attention to detail and accuracy 
• Proven ability to meet deadlines in a fast-paced environment
• Effective verbal and written communication skills; experienced in collaborating with internal teams, vendors, and customers to resolve inquiries
• Skilled at working cross-functionally to identify and resolve business process challenges
• Excellent knowledge of MS office and familiarity with relevant computer software (e.g. SAP)

Preferred Experience Requirements:

• ACA, ACCA or CIMA is a plus 

Computer Skills:

• Proficient in Microsoft Office, including Word, Excel, Outlook and PowerPoint.

Reasonable Accommodation:

Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the duties and responsibilities of the position.

Working Environment/Physical Demands:

The work environment characteristics and physical demands described here are representative of those an employee may encounter while performing the duties of this job. 

The noise level in the work environment is moderate. The employee may occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus. While performing the duties of this job, the employee is regularly required to sit, walk, speak, or hear. The employee is frequently required to use hands or feel or handle items as well as reach with hands and arms. The employee is occasionally required to stand.

DisclaimerThe above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of employees assigned to this position.

Health Plans Inc. is an EEO – M/F/D/V employer