The Cigna Group
Website:
thecignagroup.com
Job details:
Position Summary
The position reports to the Account Reconciliation Lead and supports management of The Cigna Group’s Balance Sheet Account Reconciliation Program. The function is responsible for managing and administering Oracle account reconciliation tools (ARCS/ARM) that include over 8,000 international and domestic GAAP and Statutory account reconciliations, educating and working closely with global accounting teams to ensure Balance Sheet Reconciliations (BSR) are completed, and monitoring compliance with the Account Reconciliation Policy. Key activities include providing guidance to the accounting areas, maintenance and creation of BSR mapping structures for new/existing accounting strings and entities, account reconciliation training, analysis and reporting to Senior Management, project support and other quality initiatives. Candidate should have background as an Auditor or within Accounting/Finance.
Job Description & Responsibilities
Key quarterly close responsibilities include but are not limited to the following:
- Generate new period reconciliations – ensure all key information such as due dates, reconcilers, etc. are stamped into the new period completely and accurately.
- Distribute reports containing unassigned general ledger (GL) strings to accounting teams and map to respective account reconciliations, ensuring appropriate GL balance is populated.
- Fulfill ad hoc requests from various accounting teams to adjust GL mapping, manage access requests, etc.
- Perform various system integrity checks to confirm all GL activity is reconciled.
- Monitor BSR status at period end and keep teams on track of deadlines.
- Review exposures submitted on reconciled accounts and prepare files for presentation to management.
Off-period Activities Include
- Project Consulting – Plan and collaborate with stakeholders to build new system organization, structure recommendations, and mapping tables for efficient operations. Test system functionality, update training materials, and deliver training sessions to support Go-Live activities.
- Risk Assessment – Conduct and monitor BSR risk assessment program to ensure appropriate risk level, impacting account reconciliation, timing and format. Drive efficiency through appropriate risk management of BSRs.
- Quality Reviews – Facilitate BSR peer review process (audits of completed account reconciliations to policy). Responsible for selection process, communicating assignments, educating peer reviewers, meeting with reconcilers to conduct reviews, track, summarize and report results.
- Acquisition and divestitures – Support the onboarding of new entities through planning, mapping, training, go-live and post-implementation support. Support divestures through re-structuring exercises and provide post-divestiture support in accordance with the Transaction Services Agreement.
- Continuous Improvement – Identify areas for process improvement, including identifying and implementing automations, improving Excel functionality, and assisting with organization, tracking, and reporting.
Background And Experience Required
- Bachelor’s degree in Accounting and/or Finance required
- Preferred years of experience: 13-16 years
- Audit, accounting or financial reporting experience strongly preferred
- Knowledgeable of Generally Accepted Accounting Principles (GAAP). Chartered Accountant (CA) or Certified Public Accountant (CPA) preferred, but not required
- Expertise with Microsoft Suite (e.g., Excel, Word, PowerPoint) required
- Knowledgeable of internal controls and Sarbanes Oxley
- Familiar with Oracle or other large general ledger suites
- Experience working with Account Reconciliation and/or SOX Compliance tools ideal
Competencies / Skills
- Strong interpersonal skills with the ability to work with, coordinate, and manage the activities of multiple groups across the organization
- Self-starter with attention to detail and ability to think critically
- Comfortable operating in a quick paced environment with tight due dates
- Ability to deal with ambiguity and exhibit flexibility
- Experience in problem solving and managing multiple priorities
- Good oral and written communication abilities
- Ability to learn new systems and software tools
About Evernorth Health Services
Evernorth Health Services, a division of The Cigna Group, creates pharmacy, care and benefit solutions to improve health and increase vitality. We relentlessly innovate to make the prediction, prevention and treatment of illness and disease more accessible to millions of people. Join us in driving growth and improving lives.
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