Accountant II

Onsite/Hybrid in Chicago.

This position is responsible for the EFT/Claims/Checks/Refund balancing for the Commercial as well as Government Line of a Business. Review of daily claims offshore balancing processes utilizing Alteryx Automated System and follow-up on any variances with partner areas or vendor resources. Performing accounting and analysis at an advanced level, preparing journal entries and account reconciliations.
Responsible for researching & troubleshooting challenging questions and unusual cases, responding to complex or escalated questions or issues or volatile situations. Position is responsible for reporting reinsurance activity for the most reinsurance contracts with preparing YTD financial statements for the subsidiary companies, initiating wire transfer payments for both internal as well as external entities. Partnering with actuarial department to obtain support for the reinsurance entries & processing prior/current period adjustments based on the change in reinsurance contracts.
This position is also responsible for balancing and recording complex multi-billion dollar paid claims journal entries for all the lines of business in the Client divisional states. Support the internal as well as external audit inquiries including MAR, audit services as well as EY requests on a monthly, quarterly & annual basis. Provide support to the automation projects and provide inputs from accounting perspectives for the process improvements. Point of contact for various adhoc inquiries for claims & bank reconciliation team and other external areas.

JOB REQUIREMENTS:
*Bachelors in Accounting or Finance and at least 3 years' accounting experience; OR 6 years of accounting experience.
*Keen analytical skills and very detail-oriented.
*Ability to work independently and multi-task.
*Auditing accounts to ensure they are in balance, cash has been allocated and aging is current.
*Clear, concise written and oral communication with good grammar and word choice.
*Ability to read and interpret financial and membership reports.
*Intermediate to Advanced MS Word and Excel knowledge.
*Monthly preparation of account reconciliations and research of any variances that arise due to reconciling items.
*Audit coordination with Corporate Governance for MAR updates, Internal Audit, and E&Y for cash audits.
*Serve as point of contact for various projects that impact the Bank Reconciliation team and Ad hoc inquiries from Regulators where copies of checks are requested




PREFERRED JOB REQUIREMENTS:
*Degree in Accounting or Finance.
*Read and interpret financial and membership reports.
*Knowledge of Client structure, functions, refund procedures and responsibilities of Balancing, Analysis, Cash Receipts, Financial Reporting, etc.
*Experience with statutory accounting.
*Intermediate MS Word, Excel and Access and writing/interpreting MS SQL queries.
*Accounting project implementation experience including writing test cases and testing various scenarios.
*CPA/MBA or working towards CPA/MBA is preferred but not required.