At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues - caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.Company: Oak Street Health
Title: Associate, Technical Accounting and Reporting
Location: Chicago, IL/RemoteOak Street Health is a rapidly growing public company of primary care centers for adults on Medicare in medically underserved communities where there is little to no quality healthcare. Oak Street’s care is based on a unique model that is focused on value for its patients, not on volume of services. The company is accountable for its patients’ health, spending more than twice as long with its patients and taking on the risks and costs of their care. Oak Street Health has recently been acquired and is now a subsidiary of CVS Health. For more information, visit http://www.oakstreethealth.com.Role Description:
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This is an exciting time to join the growing Accounting team at Oak Street Health! This role is a new role available due to Company growth. The Technical Accounting and Reporting team, within Accounting, is responsible for managing and operationalizing Oak Street Health’s internal reporting and technical accounting conclusions. This individual will work directly with the Technical Accounting and Reporting Sr. Manager, as well as cross functionally with health plan finance, legal, FP&A and the corporate accounting team, as well as counterparts at our parent Company. A successful candidate for this role will be strong in technical accounting, financial reporting, and analytical skills. This role provides opportunities to collaborate across departments and utilize new technologies, as we strive to continually enhance and improve processes.
The ideal candidate is a self-motivated and curious individual that possesses a strong analytical mindset and a deep understanding of accounting principles, excellent analytical skills, and a proven ability to respond quickly in a changing environment. This role requires strong oral and written communication and organizational skills, attention to detail, and the desire to innovate and improve.Core Responsibilities:
- Perform technical accounting research and draft whitepapers for complex and unique transactions including labor capitalization, revenue recognition, stock compensation, impairment analyses and adoption of new accounting standards, among others
- Develop and maintain company accounting policies to ensure they are in accordance with US GAAP and are consistently followed throughout the organization.
- Review unique legal contracts to ensure appropriate technical accounting decisions are applied and documented.
- Support month-end close by preparing necessary journal entries, maintaining supporting documents, and providing internal reporting to management.
- Prepare high level reconciliations and other analyses to ensure complete and accurate accounting.
- Assist in the coordination and preparation of reporting to our parent Company and OSH management.
- Assist in the preparation of high-level reporting on a quarterly basis, such as a statement of cash flows, statement of equity, and analytics.
- Identify and deliver internal process improvements to continuously enhance the quality and efficiency of reporting process.
- Provide necessary support related to on-going audits including communicating with internal and external auditors.
- Collaborate on special Ad-Hoc projects.
- Working knowledge of technical accounting and ability to research, interpret, and operationalize relevant guidance to facilitate decision making and accurate reporting
- Excellent analytical, technical, and auditing skills including proficiency in U.S. GAAP rules and SOX 404 best practices
- Strong oral and written communication skills
- Time management, ability to multi-task and decisiveness are critical to success
- Ability to foster and maintain collaborative relationships with peers, business partners and other members of management
- Advanced Excel skills preferred
- Bachelor's degree in Accounting required
- 1-3 years of experience in Technical Accounting and/or Audit or Accounting Policy
- Public Accounting (Big 4 or Top 10 CPA firm) or Public company experience preferred
- CPA strongly preferred
Oak Street Health offers our coworkers the opportunity to be at the forefront of a revolution in healthcare, as well as:
- Collaborative and energetic culture
- Fast-paced and innovative environment
- Competitive benefits including paid vacation and sick time, generous 401K match with immediate vesting, and health benefits
40Time Type
Full timePay Range
The typical pay range for this role is:$43,888.00 - $93,574.00This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.Great benefits for great peopleWe take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:
- Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
- No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
- Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.