Manager Cost Accounting

Hybrid role (3 days/week in office) at our Portland, Medford, Fargo, Burlington, Vancouver, Renton, Boise, Lewiston, Spokane or Salt Lake City offices. Candidates must reside within commutable distance of that location.

About the Role

Join our Cause to create a person-focused and economically sustainable health care system. As a member of the Cost Accounting team, our Cost Accounting Manager leads the operation, direction, design, and interpretation of complex cost allocation methodologies for Cambia and its affiliated companies. Provides analytical support related to product pricing, forecasting, and operating cost efficiencies to key internal LOB customers. Ensures compliance with applicable federal, state, and BlueCross BlueShield Association (BCBSA) regulatory requirements—all in service of creating a person-focused health care experience.

Responsibilities

• Leads the creation, analysis, and reporting of financial data necessary for effective and efficient pricing and monitoring of major lines of business and products.
• Provides analysis of allocation results that business partners can interpret and use for key operating decisions and business unit performance evaluation.
• Provides input into the development and revision of department cost allocation policies, procedures, and systems to ensure compliance with all applicable corporate and regulatory policies.
• Directs the timely and accurate preparation of regulatory reports, analysis, forecasts, and operating plans.
• Provides staff training and maximizes efficient and effective uses of cost allocation resources.
• Directs the preparation and review of statistical drivers, periodic journal entries, departmental reviews, and setup.
• Provides a critical review of operating expense allocations, reports, analysis, and projections to ensure a no-surprise environment.
• Works directly with outside auditors, consultants, regulators, and customers on financial, reimbursement, and accounting issues.
• Motivates staff to perform duties; provides both formal and informal training that promotes staff development.
• Instills a process improvement mindset into day-to-day activities within the larger team.
• Leads and works within the cost organization to identify and analyze current processes and provide recommendations for improvement based on statistical data.
• Drives change activities through the department to improve Cost Accounting’s ability to meet current and future customer demands, including shorter turn times for month-end close, budget, and forecast.
• Leads, plans, supports, and coordinates efforts to develop and implement periodic conversions or consolidations of financial systems and applications.
• Serves as a subject matter expert in cost allocations, proactively consulting with internal and external customers on resolving issues and educating on cost allocation policies and methodology.

Requirements

• Bachelor’s degree in accounting or related field.
• 8+ years of experience in Cost Accounting in health care insurance, or equivalent combination of education and experience.
• CPA preferred.

Skills

• Demonstrated knowledge and application of Generally Accepted Accounting Principles (GAAP), Cost Accounting Standards (CAS), Federal Acquisition Regulations (FAR), and Federal Employee Health Benefit Acquisition Regulations (FEHBAR).
• Proven leadership skills with progressively increasing management experience and responsibilities.
• Ability to think analytically, apply analytical techniques, and provide in-depth analysis and recommendations using critical thinking and sound judgment.
• Proficiency with complex PC and mainframe software and systems.
• Demonstrated ability to work with all levels of staff and management both as a self-starter and in a team environment.
• Ability to plan, organize, and lead the work of others while developing department goals and objectives consistent with corporate vision and strategies.
• Demonstrated ability to manage, lead, and develop teams of analysts or SMEs with varying levels of expertise and experience.
• Strong analytical skills, ability to analyze complex situations, learn quickly, and synthesize corresponding solutions, options, and action plans.
• Ability to be persistent, disciplined, objective, independent, results-driven, and willing to discuss issues openly and professionally with strong communication skills.
• Strategic thinking with an understanding of cost allocations and potential alternatives in select strategic scenarios.
• Proven track record of conducting complex analysis, creating and articulating technical business cases, including budgetary impacts and short- and long-term business impacts.
• Proven ability to identify, diagnose, influence, and implement process improvement ideas that enhance effectiveness.
• Experience with AI tools and technologies to enhance productivity and decision-making in professional settings is highly desired.

Work Environment

Work primarily performed in an office environment. Travel may be required, locally or out of state. May be required to work outside normal hours.

Pay

• Oregon, Washington, Utah, and Idaho: The expected hiring range is $111,400.00 – $150,700.00, the full salary range is $104,000.00 – $171,000.00, and the bonus target is 15%.
• North Dakota: The expected hiring range is $114,251.05 – $154,574.95, the full salary range is $101,444.00 – $167,383.00, and the bonus target is 15%.

Benefits

• Medical, dental, and vision coverage for employees and their eligible family members, including mental health benefits.
• Annual employer contribution to a health savings account.
• Generous paid time off varying by role and tenure, in addition to 10 company-paid holidays.
• Market-leading retirement plan including a company match on employee 401(k) contributions, with a potential discretionary contribution based on company performance (no vesting period).
• Up to 12 weeks of paid parental leave (eligibility requires 12 months of continuous service with Cambia immediately preceding leave).
• Award-winning wellness programs that reward participation.
• Employee Assistance Fund for those in need.
• Commute and parking benefits.

About Cambia

Working at Cambia means being part of a purpose-driven, award-winning culture built on trust and innovation anchored in our 100+ year history. Our caring and supportive colleagues are some of the best and brightest in the industry, innovating together toward sustainable, person-focused health care. Benefits include:

• Working alongside diverse teams building cutting-edge solutions to transform health care.
• Earning a competitive salary and enjoying generous benefits while doing work that changes lives.
• Growing your career with a company committed to helping you succeed.
• Giving back to your community by participating in Cambia-supported outreach programs.
• Connecting with colleagues who share similar interests and backgrounds through employee resource groups.

We offer work-from-home options for most roles, requiring a wired internet connection (not satellite or cellular) with a minimum upload speed of 5Mb and download speed of 10Mb. New hires will need access to a personal mobile device to set up Multi-Factor Authentication (MFA) for system access.