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. Maximizes efficient and effective uses of cost allocation resources. Ensures compliance with applicable federal, state, and BlueCross BlueShield Association (BCBSA) regulatory requirements—all in service of creating a person-focused health care experience.

Qualifications

What You Bring to Cambia:

• Bachelor's degree in accounting or related field and 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 and abilities as demonstrated by 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.
• Above average ability working 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.
• Demonstrated analytical skills, ability to analyze complex situations, learn quickly, and synthesize corresponding solutions, options, and action plans.
• Ability to be persistent, disciplined, objective, and independent; results-driven; willing to discuss issues openly and professionally; strong communication skills.
• Ability to think strategically and understand the position of cost allocations and potential alternatives in select strategic scenarios, with demonstrated ability in prior experiences.
• 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 improve effectiveness and preserve our ability to meet the needs of customers.
• Experience with AI tools and technologies to enhance productivity and decision-making in professional settings highly desired.

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 that all financial and accounting practices are complementary to and in compliance with all applicable corporate and regulatory policies and procedures.
• 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 and consultants, regulators, and customers on an assortment of financial, reimbursement, and accounting issues.
• Motivates staff to perform duties; provides both formal and informal training that promotes staff development.
• Accountable for instilling the process improvement mindset into day-to-day activities within the larger team.
• Accountable for leading and working within the cost organization to identify and analyze current organizational processes and provide recommendations to management for process improvement based on statistical data and order of magnitude to both department and organization.
• Drives change activities through the entire department that improves Cost Accounting’s ability to meet the current and future demands of our customers, including but not limited to shorter turn time on month-end close/budget/forecast, enhanced/simplified business reporting, benchmarking with other health plans, etc.
• Leads, plans, supports, and coordinates the work efforts to develop and implement periodic conversions and/or consolidations of financial systems and applications, including any redesign of process methodologies and interfaces with ancillary systems.
• Is clearly viewed by our customers as a subject matter expert in all areas of Cost Allocations and proactively consults with both internal and external customers and other areas of the company in resolving issues, in process improvement activities, and in educating on cost allocation policies and methodology.

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 time off (eligibility requires 12 months of continuous service with Cambia immediately preceding leave).
• Award-winning wellness programs that reward you for participation.
• Employee Assistance Fund for those in need.
• Commute and parking benefits.

We are happy to offer work-from-home options for most of our roles. To take advantage of this flexible option, we require employees to have a wired internet connection that is not satellite or cellular and internet service with a minimum upload speed of 5Mb and a minimum download speed of 10 Mb. As part of our security requirements, new hires will need access to a personal mobile device to set up Multi-Factor Authentication (MFA) upon joining the company.