CareFirst Careers

Senior Financial Reporting Accountant (Hybrid)

Resp & Qualifications

The Senior Financial Reporting Accountant is responsible for the company's audited year-end GAAP and STAT statements along with the quarterly/annual regulatory filings, technical accounting research, preparing monthly financial statements, BSBSA reporting, investment accounting, quarterly finance committee board packages and quarterly disclosure committee packages. This role is part of the corporate accounting and reporting team and is responsible for maintaining corporate financial records and processing related data. Additionally, the Senior Financial Reporting Accountant will help with various projects for the Finance division such as business improvement initiatives, carve-out financial statement preparation and analysis, and acquisition integration.


  • Perform the monthly consolidation process, prepare monthly financial statements including balance sheet, P&L and cash flow statements, prepare and compile the quarterly finance committee package and supporting schedules. Prepare and peer reviewing various income statements, graphs, etc. on a product and market segment basis used in the internal financial statement distributions.
  • Prepare and peer review Statutory accounting adjustments to convert GAAP ledger to a statutory basis including preparing supporting documentation, analytical review to ascertain required statutory adjustments, and rolling forward statutory equity. Prepare and peer reviewing the primary statutory statements (i.e., balance sheet, P&L) for CareFirsts larger affiliates and review the smaller affiliates statutory statements.  Utilize knowledge statutory accounting principles (SSAPs) to ensure financial results are presented accurately. Assist in implementation of any new regulatory pronouncements.
  • Prepare and peer review monthly GAAP investment accounting entries and the supporting account reconciliations for large affiliates investment accounts.  Entries include posting all cash transactions, bond/stock acquisitions and dispositions and the associated gains/losses, investment income, and bond amortization. Prepare journal entries for quarterly mark to market, convertibles and other-than-temporarily impaired investments. Prepare various ad hoc analysis and reports in support of analyzing Schedule D and investment reporting requirements. On a quarterly basis, responsible for preparing and peer reviewing all STAT investment accounting journal entries. Responsible for preparing and peer reviewing the year-end investment notes.
  • Prepare and peer review various exhibits, schedules and supplemental schedules of the annual and quarterly statutory financial statements (insurance blanks) including the investment schedules (Schedules BA, D, DA and E, etc.) and supplemental health care exhibits. Responsible for the preparation and submission of regulatory supplemental schedules to the state insurance departments. Prepare and peer review the annual risk-based capital (RBC) filing to NAIC and all reporting submissions to BCBSA (Mid-year RBC, Early Look, QFR, Liquidity, PSA, etc.).
  • Prepare and peer review annual GAAP & STAT Notes to financial statements. Responsible for preparing pension/401k plans financial statements and notes to financial statements. Assist in researching moderately complex accounting issues. Attend quarterly Disclosure Committee meetings and coordinate with the documentation of questionnaire. Ensure that material financial information is disclosed. Prepare the disclosure committee package. Prepares financial statements to support the year-end audit and audited statements.  Ensures the consolidation and elimination process is accurate by performing a quarterly equity roll forward.  Prepare balance sheets analysis package for audit committee.
  • Provides support to less experienced financial reporting staff on how to prepare analyses and component reports which support the company's financial statements.


Position does not have direct reports but is expected to assist in guiding and mentoring less experienced staff. May lead a team of matrixed resources.


Education Level: Bachelor's Degree in Accounting, Finance or related field OR in lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience.

Licenses/Certifications Preferred:

  • Certified Public Accountant (CPA) 

Experience: 5 years public accounting or corporate financial experience and CPA eligible.

Knowledge, Skills and Abilities (KSAs)

  • This position requires strong analytical skills, excellent communication skills (both written and verbal).
  • Strong PC and financial systems, strong problem-solving skills.
  • Ability to work independently and as a team member.
  • Ability to train team members.
  • Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence. Must be able to effectively communicate and provide positive customer service to every internal and external customer, including customers who may be demanding or otherwise challenging.


Salary Range: $69,984 - $138,996


Salary Range Disclaimer

The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilites of the position, the candidate's work experience, education/training, internal peer equity, and market and business consideration. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case's facts and circumstances, including but not limited to experience, internal equity, and location. In addition to your compensation, CareFirst offers a comprehensive benefits package, various incentive programs/plans, and 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements).


Financial Accounting

Equal Employment Opportunity

CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer.  It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

Where To Apply

Please visit our website to apply:

Federal Disc/Physical Demand

Note:  The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.


The associate is primarily seated while performing the duties of the position.  Occasional walking or standing is required.  The hands are regularly used to write, type, key and handle or feel small controls and objects.  The associate must frequently talk and hear.  Weights up to 25 pounds are occasionally lifted.

Sponsorship in US

Must be eligible to work in the U.S. without Sponsorship


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