Associate Financial Analyst - Noida, UP

Combine two of the fastest-growing fields on the planet with a culture of performance, collaboration and opportunity and this is what you get. Leading edge technology in an industry that's improving the lives of millions. Here, innovation isn't about another gadget, it's about making health care data available wherever and whenever people need it, safely and reliably. There's no room for error. Join us and start doing your life's best work.(sm)

Within our Accounting and Reporting group, teams are responsible for the preparation and analysis of financial statements, including balance sheets, income statements, changes in capital and surplus, and statements of cash flow, pursuant to Statutory Accounting Principles (SAP), which are based on Generally Accepted Accounting Principles (GAAP). Teams independently prepare multiple, complex quarterly and annual statutory filings, supplemental filings related to Health Care Reform, other state supplemental filings. We also prepare and record journal entries in accordance with SAP and Medical Loss Ratio (MLR) requirements.

Primary Responsibilities:

• Develops, performs, and manages analyses of business/financial metrics and performance measures


• Assist in preparing quarterly results executive summary for presentation to CEO and CFO of the legal entities


• Perform ad-hoc analysis and research non-standard research related to legal entities issues


• To prepare journal entries based on statutory accounting principles prescribed by the US Insurance regulators (NAIC & states)


• Prepare various component of a financial statement i.e. balance sheet, income statement, cash flow and notes to accounts


• Perform control check like referencing, formatting and footing/cross footing of financial statement


• Perform GAAP and statutory ledger analytics and provide drivers / commentary on material variances


• Prepare revenue, claims and investment schedules along with support workpapers that are required by NAIC


• Provide support for external audits and queries by state department of insurance


• Participate in working groups initiative and support in drafting statutory accounting memos and guidance


• Comply with the terms and conditions of the employment contract, company policies and procedures, and any and all directives (such as, but not limited to, transfer and/or re-assignment to different work locations, change in teams and/or work shifts, policies in regards to flexibility of work benefits and/or work environment, alternative work arrangements, and other decisions that may arise due to the changing business environment). The Company may adopt, vary or rescind these policies and directives in its absolute discretion and without any limitation (implied or otherwise) on its ability to do so

Required Qualifications:

• B.com from A category colleges/M.com/CA Inter


• Ability to assess and interpret customer needs and requirements


• Ability to handle multiple tasks and adaptable to changes


• Strong communication skills both written and oral


• Self- starter with excellent time and project management skills


• Strong initiative and desire to work in team environment


• Presentable and confident

Preferred Qualifications:

• Proficiency with Microsoft Excel, Word and PowerPoint

Shift: UK shift (3.30 PM IST to 12 AM IST). Peak filing season (Jan - May) would involve stretch.

Careers with Optum. Here's the idea. We built an entire organization around one giant objective; make the health system work better for everyone. So when it comes to how we use the world's large accumulation of health-related information, or guide health and lifestyle choices or manage pharmacy benefits for millions, our first goal is to leap beyond the status quo and uncover new ways to serve. Optum, part of the UnitedHealth Group family of businesses, brings together some of the greatest minds and most advanced ideas on where health care has to go in order to reach its fullest potential. For you, that means working on high performance teams against sophisticated challenges that matter. Optum, incredible ideas in one incredible company and a singular opportunity to do your life's best work.(sm)