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Job Details

UnitedHealth Group

Associate Accountant - Hyderabad, TG




Hyderabad, Telangana, India

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Come make an impact on the communities we serve as we help advance health equity on a global scale. Here, you will find talented peers, comprehensive benefits, a culture guided by diversity and inclusion, career growth opportunities and your life's best work.(sm)

Positions in this function maintain general ledger accounts and related activities for the production of financial statements and reports. Performs account reconciliations and analyses, prepares journal entries and reviews accounting classifications, in accordance with generally-accepted accounting principles. Analyzes and prepares financial statements, including balance sheets and statements of financial position. Involved in the monthly/quarterly 'close' process.

Job Components:

  • Manage and review the monthly financial reconciliations related to Reinsurance and Claims accounts
  • Maintain the accuracy of the GL string with the valid Business unit and Operating unit
  • Reclass Journal entries based on the requirement
  • Recommend accounting entries to the general ledger and set up of accruals/ reserves based on the monthly reconciliations
  • Prepare the invoices to be send for reinsurance accounts
  • Solves moderately complex problems and/or conducts moderately complex analyses

Primary Responsibilities:

  • Maintain general ledger accounts and related activities for the production of financial statements and reports
  • Reconcile, analyze and review general ledger accounts in preparation for month end close
  • Prepare journal entries and reviews accounting classifications, in accordance with generally-accepted accounting principles
  • Prepare documentation in Support of external and internal audits
  • Perform ad hoc reporting and analysis and investigate issues providing explanations and interpretation
  • Analyze and Prepare financial statements, including Balance sheets and statements of financial position
  • Assist with or Lead the month end quarterly end close process for assigned businesses or groups
  • Performs work in a self-directed manner and works with less structured, more complex issues
  • 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:

  • Bachelor's degree in Accounting or Post graduation in accounting / Finance or its equivalent
  • Bachelors/ Masters in Commerce
  • Minimum of 2 - 3+ years of experience in Accounting
  • Working knowledge on basic and advanced Excel skills
  • Good understanding of General Ledger and chart field attributes
  • Strong Accounting Background, Understanding of US GAAP revenue recognition principles
  • Ability to develop and establish financial polices and procedures
  • Ability to analyze financial data and to prepare accurate reports
  • Ability to communicate effectively both written and verbally
  • Not afraid to ask questions, chase folks and ensure tasks are being completed on time
  • Good Interpersonal skills and Analytical skills

Preferred Qualifications:

  • Prior Healthcare experience in Finance and Accounting
  • Prior work experience on GL

Shift Timing:

  • Regular Shift (11.00 am - 08.30pm IST) and during month end close (5.45pm - 3.15 am IST)

Careers with Optum. Our objective is to make health care simpler and more effective for everyone. With our hands at work across all aspects of health, you can play a role in creating a healthier world, one insight, one connection and one person at a time. We bring together some of the greatest minds and ideas to take health care to its fullest potential, promoting health equity and accessibility. Work with diverse, engaged and high-performing teams to help solve important challenges.