Director of Accounting (Self-Funded/Level-Funded Health Plan Experience) at Vaco, LLC
Jacksonville, FL 32246
About the Job
If you’re an experienced Accounting Leader and you want to partner with the best, apply today!
Our client is seeking a fully remote Director of Accounting who has a strong background with self-funded and/or level-funded health plans in the health insurance industry. The Director will be responsible for overseeing all financial operations, ensuring accuracy and compliance, and providing strategic financial insights to support the company's growth and stability.
Responsibilities:
- Financial Strategy and Planning: Develop and implement comprehensive financial strategies and plans that align with the company's short- and long-term goals. Collaborate with the executive team to establish financial objectives, budgets, and forecasts.
- Financial Reporting and Compliance: Oversee the preparation of accurate and timely financial reports, ensuring compliance with generally accepted accounting principles (GAAP), and relevant laws and policies.
- Compliance and Governance: Ensure compliance with all relevant laws, regulations, and industry standards, including ACA, ERISA, and HIPAA.
- Fund Management: Oversee the management of funds allocated for healthcare claims, ensuring adequate reserves are maintained.
- Financial Analysis and Risk Management: Conduct in-depth financial analyses, identify potential risks and opportunities, and provide actionable insights to support strategic decision-making. Implement effective risk management strategies to mitigate financial and operational risks.
- Capital Management: Manage capital allocation, cash flow, and investment decisions to optimize financial performance and ensure the company's long-term financial sustainability.
- Healthcare Reimbursement and Payer Relations: Develop and maintain effective relationships with payers (insurance companies, government agencies, etc.) to optimize reimbursement rates and ensure timely payments for healthcare services.
- Internal Controls and Audits: Establish and maintain robust internal control systems to ensure the accuracy and integrity of financial data. Collaborate with external auditors and regulatory bodies to ensure compliance and address any identified issues.
- Leadership and Team Development: Provide strategic leadership to the finance team, fostering a culture of excellence, accountability, and continuous improvement. Recruit, develop, and retain top finance talent.
- Board and Executive Collaboration: Serve as a trusted advisor to the Board of Directors and the executive team, providing financial insights and recommendations to support strategic decision-making processes.
- Bachelor’s degree in Finance, Accounting, Business Administration, or a related field; Master’s degree or CPA preferred.
- Minimum of 10 years of experience in financial management, with at least 5 years in a senior leadership role within the health insurance industry, preferably with level-funded or self-funded plans.
- Strong knowledge of health insurance financial structures, regulations, and compliance requirements.
- Proven track record of strategic financial planning and risk management.
- Excellent analytical, problem-solving, and decision-making skills.
- Exceptional communication and interpersonal skills.
- Proficiency in financial management software and tools.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.