Senior Accountant – Pharmacy

This is a fully remote position, open to applicants in California.

📋 Description

• Oversee financial transactions, reconciliations, and ensure regulatory compliance for Medicare Part D pharmacy accounting.

• Uphold accounting records and reconciliations with appropriate documentation in line with company policies, GAAP, and the chart of accounts.

• Prepare and record journal entries in the general ledger, submitting reconciled accounts for managerial review.

• Reconcile pharmacy claims data with PBM invoices, resolving billing discrepancies.

• Aid in the month-end close process for Medicare Part D, encompassing claims, rebates, DIR fees, discount programs, plan-to-plan payments, and CMS settlement estimates.

• Execute monthly and quarterly account reconciliations, investigate discrepancies, and document follow-up actions.

• Reconcile Medicare Part D risk-sharing arrangements using CMS reports along with internal financial records.

• Prepare and submit necessary Medicare Part D reports to CMS.

• Assist with quarterly and annual regulatory financial filings.

• Support external audits and examinations of regulatory financial conditions.

• Monitor changes in the Medicare Part D program and update accounting systems and processes accordingly.

• Review and refine accounting policies and procedures, recommending process enhancements.

• Collaborate with departments including Pharmacy, Actuary, IT, Data & Analytics, and Operations.

• Engage in special projects, ad hoc analyses, automation, and improvements in accounting processes.

⛳️ Requirements

• Bachelor's Degree in Accounting, Finance, or a related discipline.

• 4+ years of experience in Accounting, Finance, or a related sector.

• 2+ years of experience specifically in Medicare Part D, PBM, or managed care accounting.

• CPA designation is strongly preferred.

• Familiarity with Oracle Financials or comparable accounting ERP systems.

• Proficient in analyzing large, complex financial datasets to identify variances or discrepancies.

• Strong analytical abilities with the capacity to interpret intricate financial and operational data.

• Expertise in reconciliation methods, variance investigation, and root-cause analysis.

• Comprehensive understanding of financial statements, general ledger structures, and accounting ERP systems.

• Knowledge of Medicare Part D regulations, reporting obligations, and CMS payment methodologies.

• Ability to write and interpret SQL and Access queries for data extraction and transformation.

• Advanced skills in Excel, including pivot tables, formulas, and Power Query.

• Proficient with Microsoft Word, PowerPoint, Access, Outlook, and Teams.

• Exceptional written and verbal communication skills.

• Capability to work independently and collaboratively across departments.

• Ability to manage multiple tasks and adjust to changing priorities and timelines.

• Experience in a fast-paced, deadline-oriented environment.

• Background check is required.

🏝️ Benefits

• An annual employee bonus program.

• Comprehensive Wellness Program.

• Generous paid-time-off (PTO).

• Eleven paid holidays per year, plus one floating holiday and one birthday holiday.

• Excellent 401(k) Retirement Savings Plan with employer matching and contributions.

• Strong employee recognition program.

• Tuition reimbursement offered.

• Training, tools, and support provided to facilitate your work.

• Competitive compensation along with a comprehensive benefits package.

• Commitment to work-life balance.