Regulatory Assistant Controller

About the position

At UnitedHealthcare, we're simplifying the health care experience, creating healthier communities and removing barriers to quality care. The work you do here impacts the lives of millions of people for the better. Come build the health care system of tomorrow, making it more responsive, affordable and equitable. Ready to make a difference? Join us to start Caring. Connecting. Growing together. This is a senior leader role within the UHC Controllership team supporting statutory accounting and financial control processes with direct reporting to the UHC Regulatory Controller. The role is highly visible internally with key relationships across UHC, Corporate Governance, Treasury, Tax, Internal Audit, Legal Compliance and Regulatory Affairs and Optum Finance. The role has external importance through interactions with our primary external audit firms, state insurance regulators and the National Association of Insurance Commissioners (NAIC). The role leads UHC's Regulatory Accounting and Reporting team with an overall focus on ensuring the execution of internal controls and processes to ensure timely and highly accurate external financial reporting and compliance with laws and regulations. Our Regulatory Accounting and Reporting team executes the preparation and filing of quarterly, annual and supplemental financial statement filings and audited financial statements covering more than 90 regulated entities. Beyond external financial reporting the team provides external and internal audit support, regulatory claims and actuarial support, intercompany transaction oversight, regulated entity financial planning and analysis, statutory capital planning support, reconciliation and assessment processing, and external audit coordination.

Responsibilities

• Directs the execution of statutory close, preparation, and filing processes for accurate quarterly, annual and supplemental financial filings and audited financial statements with state departments of insurance and the NAIC
• Demonstrates comprehensive understanding of GAAP, statutory accounting principles, and state-specific regulations, providing interpretation to guide recording and reporting of business transactions
• Resolves complex financial accounting and reporting issues to conform to applicable requirements, partnering with UHG corporate policy team for technical research and documentation
• Builds solid relationships with other Finance functions (eg, Tax, Treasury, Internal Audit), understanding implications of significant financial transactions
• Exhibits a solid understanding of the industry, business strategies, organizational structures, and develops solid ties to upper management as a trusted partner
• Understands complex internal control structures subject to the Sarbanes-Oxley Act and the Model Audit Rule, leveraging statutory accounting principles and company policies for making informed recommendations
• Translates accounting rules and reporting needs into effective accounting processes, system designs, and new product setup
• Leads a large, diverse team across multiple locations, fostering a collaborative and inclusive environment to achieve organizational goals and drive high performance
• Sets specific and measurable goals for the accounting and reporting team, providing clear and concise communications to engage and inspire staff, driving employee engagement and team development initiatives for individual and broader Controllership Team
• Guides the selection, coaching, development, and performance management of the accounting and reporting team
• Oversees a team responsible for managing all phases of external audits, ensuring compliance, accuracy, and timely completion of audit processes
• Works closely with independent auditors to facilitate effective communication and collaboration throughout the audit lifecycle
• Guides department-specific project teams to support recurring functional processes and implement innovative solutions to streamline operations
• Represents the organization in financial discussions with regulators, auditors, analysts, and other external parties
• Demonstrates commitment to continuous process improvement by identifying inefficiencies, implementing innovative solutions, and driving transformative changes
• Key business partner in UHC Finance Early Career Program and Talent Development programs

Requirements

• Bachelor's degree in accounting or related field
• 10+ years of experience as a top performer with accounting close processes, internal controls, business analytics, financial analysis and professional staff management
• Extensive experience in handling complex financial issues that may have division or company-wide scope
• Solid understanding of GAAP and statutory accounting principles and reporting
• Solid Microsoft Office skills
• Solid working knowledge of financial systems, statements and reports
• Demonstrated ability to guide, lead and oversee a large and diverse team while providing clear and accurate information regarding tasks, assignments, policies, etc
• Demonstrated ability to lead change and challenge the status quo
• Demonstrated excellent communication skills; uses appropriate communication vehicles; understand audience and uses the best method of conveying a message
• Demonstrated financial internal control skills and knowledge
• Proven influence, conflict management and negotiation skills

Nice-to-haves

• MBA and/or CPA
• Industry and/or public accounting experience

Benefits

• Comprehensive benefits package
• Incentive and recognition programs
• Equity stock purchase
• 401k contribution