Staff Accountant

Blue Cross Blue Shield Association
vision insurance, 401(k)
United States, Illinois, Chicago
Jan 28, 2025
The hiring range for this role is: 78,638.00 - 110,285.00 This is the lowest to highest salary we, in good faith, believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the hiring range and this hiring range may also be modified in the future. A candidate's position within the hiring range may be based on several factors including, but not limited to, specific competencies, relevant education, qualifications, certifications, relevant experience, skills, seniority, performance, shift, travel requirements, and business or organizational needs.This job is also eligible for annual bonus incentive pay. We offer a comprehensive package of benefits including paid time off, 11 holidays, medical/dental/vision insurance, generous 401(k) matching, lifestyle spending account and many other benefits to eligible employees. Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law. Primarily responsible for ensuring the accuracy of financial records, managing month-end processes, transactional tasks such as journal entries and payment processing, and preparing reports in compliance with accounting standards. The Staff Accountant is also responsible for conducting reconciliations, analyzing variances, and implementing process improvements. Collaboration with other departments and providing ad hoc financial analysis are key aspects of the role. Primary Job Functions Month-End Close: Lead or assist in the month-end close process, including preparing journal entries, reconciling accounts, and analyzing variances. Financial Reporting: Prepare financial statements and reports, such as balance sheets, income statements, and cash flow statements, in accordance with accounting principles and regulatory requirements. Account Reconciliations: Perform regular reconciliations of balance sheet accounts to ensure accuracy and completeness of financial data. Variance Analysis: Analyze variances between actual and budgeted figures, investigating discrepancies and providing explanations as needed. Internal Controls: Implement and maintain internal control procedures to safeguard company assets and ensure compliance with accounting standards and regulations. Support Audits: Assist in external and internal audits by providing necessary documentation, explanations, and support to auditors. Process Improvement: Identify opportunities for process improvements in accounting procedures and systems to enhance efficiency and accuracy. Interdepartmental Collaboration: Collaborate with other departments, such as accounts payable, accounts receivable, and finance, to ensure accurate and timely financial information exchange. Ad Hoc Analysis: Perform ad hoc financial analysis and projects as requested by management to support decision-making and business initiatives. Education, Experience and Certifications Education: Required: Bachelor's degree in Accounting or equivalent experience Experience: Required: 3 or more years of experience working with financial record-keeping and financial statements License/Certification: Preferred: CPA Certification Knowledge, Skills, and Abilities Accounting Principles and Best Practices: A solid understanding of accounting principles, including Generally Accepted Accounting Principles (GAAP). General Ledger Management: The ability to manage general ledger accounts, ensuring accurate recording of financial transactions. This involves reconciling accounts, posting journal entries, and maintaining organized documentation. Analytical Skills: Strong analytical skills to interpret financial data, identify trends, and make informed decisions. Experience with Accounting Software: Familiarity with accounting tools and software (Workday preferable but not required). Internal Controls: Understanding internal controls in order to for safeguard financial assets, prevent fraud, and ensure compliance. Financial Responsibilities Revenue responsibility: No Budget responsibility: No People management: No Role designation: Hybrid Work environment: Work is generally performed in an office or remote setting. Physical demands: Sedentary work (exerting up to 10 lbs. of force occasionally and involving sitting most of the time with occasional standing and walking). #hybrid