Senior Accountant – Medicare Advantage

Description Verda Healthcare, Inc. is a Medicare Advantage Prescriptions Drug Plan (MAPD) organization committed to the idea that healthcare should be easily and equitably accessed by all, currently available in Texas and Arizona. Our mission is to ensure that underserved communities have access to health and wellness services, and receive the support needed to live a healthy life that is free of worry and full of joy. We are looking for a Senior Accountant – Medicare Advantage to join our growing company with many internal opportunities. Are you ready to join a company that is changing the face of health care across the nation? Verda Healthcare health plan is looking for people like you who value excellence, integrity, care and innovation. As an employee, you’ll join a team dedicated to improving the lives of our Medicare members. Our vision incorporates value-based health care that works. We value diversity. Align your career goals with Verda Healthcare, Inc. and we will support you all the way. Position Overview The Senior Accountant – Medicare Advantage is responsible for managing complex payment operations in a regulated health plan environment. This role will help with key accounting functions including external audit support, monthly close, and financial reporting. The ideal candidate will have strong experience in healthcare, a deep understanding of GAAP and a passion for driving process improvements and inefficiencies. The position owns payment data accuracy, reconciliations, and assists with monthly close activities while ensuring compliance with CMS regulations, internal controls, audit standards, and the end-to-end 1099 process. This position reports to the Controller. Responsibilities Provider Payments & Capitation Process and oversee monthly capitation payments to delegated IPAs, ensuring accuracy, timeliness, and contractual compliance Calculate, validate, and record capitation deductions (cap deducts), including adjustments related to claims runout, retro eligibility, recoveries, and reconciliation true-ups Manage claims-related provider payments, including retro adjustments, incentive payments, refunds, settlements, and other non-standard provider disbursements Partner closely with Claims, Provider Finance, Network Operations, and Actuarial to ensure provider payment and capitation-related data integrity Research and resolve provider payment, capitation, and cap deduct discrepancies Broker, Agency & Agent Commissions Process and reconcile broker, agency, and agent commission payments tied to Medicare Advantage enrollments Validate commission data accuracy across enrollment, commission, and financial systems Maintain broker/agent master data, payment setup, and tax documentation Support internal, external, and regulatory audits related to commission payments Oversee Accounts Payable Operations & Data Ownership Supervision of Processing high-volume, complex AP transactions for Medicare Advantage administrative and operational vendors Prepare weekly check run for Finance approval and processing Review invoices and other related documents to resolve exceptions prior to posting invoices for payments Performs selected account reconciliations to ensure accuracy and resolve any discrepancies Own the accuracy and completeness of provider, IPA, broker, and vendor payment data across AP and upstream systems Ensure proper invoice coding, approvals, accruals, and documentation in compliance with CMS regulations and internal control standards Investigates and escalates issues associated with invoices and communicates as appropriate Maintain audit-ready support for CMS audits, internal audits, and financial audits Tax Reporting & Compliance Oversee the end-to-end 1099 process, including vendor and provider classification, annual data validation, reconciliation, issuance, and correction filings Serve as the primary point of contact for 1099 questions from vendors, providers, brokers, and internal stakeholders Reconciliations & Close Support Lead and support monthly, quarterly, and year-end close process, ensuring accuracy and timeliness. Perform account reconciliations, including investigation and resolution of reconciling items related to provider payments, capitation, commissions, and vendor disbursements Process Improvement & Leadership Support the initiatives to improve AP, capitation, provider payment, and commission processes for greater efficiency, accuracy, and control Support system implementations, upgrades, and automation initiatives related to AP and payment operations Collaborate cross-functionally with departments including Operations and Finance to support business initiatives and improvements. Participate in special projects, ERP system enhancements, automation initiatives, and reporting improvements. Provide support to corporate and subsidiary accounting teams on a variety of financial activities. Preferred Qualifications Familiarity with a health plan or managed care organization Experience with Medicare Advantage capitation models, delegated IPA payments, and cap deducts Hands-on experience with claims-related provider payments and broker/agent commission processing Understanding of CMS regulations, Medicare Advantage compliance and audit requirements Verda cares deeply about the future, growth, and well-being of its employees. Join our team today! Job Type: Full-time employment Location: Huntington Beach, CA Compensation Range: 75,000 - 85,000 Actual compensation offered will be determined based on experience, qualifications, skills, internal equity (if available), and geographic location. This position may also be eligible for performance-based incentive compensation and benefits. Benefits 401(k)Paid time off (vacation, holiday, sick leave)Health insurance Dental InsuranceVision insurance Life insurance Schedule Full-time onsite (100% in-office)Hours of operations: 9am – 6pmStandard business hours Monday to Friday/weekends as neededOccasional travel may be required for meetings and training sessions. Ability To Commute/relocate Reliably commute or planning to relocate before starting work (Required) PHYSICAL DEMANDS Regularly sit/walk at a workstation in an office or cubicle setting. Must occasionally lift and/or move up to 25-50 pounds. Other duties may be assigned in support of departmental goals. Requirements Bachelor’s degree in accounting, finance, or related field required5+ years of progressive accounting and financial reporting experience with a solid understanding of GAAPExperience with multiple entities and consolidation, with an understanding of expense allocation preferredWorking experience to the 1099 reporting processAbility to communicate clearly and professionally with vendors and internal teamsDetail-oriented with a focus on accuracy and complianceWell-organized and able to manage multiple priorities under deadlinesProficiency with ERP systems (QBO) and AP/workflow toolsAdvanced Excel skills (pivot tables, XLOOKUP/VLOOKUP, reconciliation and data analysis)