About Fallon Health
Founded in 1977, Fallon Health is a leading health care services organization that supports the diverse and changing needs of those we serve. In addition to offering innovative health insurance solutions and a variety of Medicaid and Medicare products, we excel in creating unique health care programs and services that provide coordinated, integrated care for seniors and individuals with complex health needs. Fallon has consistently ranked among the nation’s top health plans, and is accredited by the National Committee for Quality Assurance for its HMO, Medicare Advantage and Medicaid products. For more information, visit fallonhealth.org.
Brief Summary of Purpose:
The Financial Accounting and Reporting Principal (FARP) is a key strategic partner to management across the organization. The role requires demonstrated proficiency in the development, accumulation and evaluation of key elements necessary to properly report the financial position of the organization. The FARP is responsible to ensure the accuracy of the general ledger by creating, processing and/or recording complex transactions. They will work with senior members of the organization to gather all relevant data required as part of the premium, cost of benefit and SG&A build and to verify balance sheet account accuracy. The role requires a superior knowledge of accounting, reporting, financial modeling and analytics. The FARP will support corporate leadership and business segment senior management as Fallon Health continues to ensure the long term fiscal viability of its organization. In addition to preparing standard financial reports, the Principal will be required to prepare ad hoc management analysis or provider / vendor metric reports. The role requires the principal to research, understand, interpret and operationalize accounting concepts (revenue and expense recognition) and possess the ability to apply those concepts in matters specific to the health insurance industry. In order to ensure compliance with State and Federal statute, the FARP will oversee / prepare regulatory submissions and fully support the results upon audit. The Principal will be the primary liaison to both internal and external auditors and is responsible to ensure the timely and accurate completion of all Fallon Health audits. The FARP will develop policies and procedures that foster and maintain a strong control environment ensuring financial statements are free from material misstatement.
The Principal will employ specialized expertise in exercising their finance duties as they contribute to the execution and development of reporting and ensure the success of corporate strategic objectives. They will use creative means and their significant knowledge base to evaluate and solve complex problems, gather and analyze relevant data and exercise independent judgement in the development of appropriate recommendations and solutions. The Principal has significant latitude in planning and executing their workload and will operate independently within a broadly defined set of corporate policies and practices. It is expected that the Principal will provide guidance that could have substantial impact on the Organization and its resources, therefore, they will need to successfully interact with management and senior personnel on matters requiring coordination across organizational lines. The successful candidate will have extensive expertise and will be a key contributor on a high performing financial accounting and reporting team.
Bachelor’s degree in accounting or finance
MBA / CPA preferred but not required, relevant experience will be considered
Demonstrated proficiency in performing accounting, reporting, financial modeling, and analytic assignments