General Ledger (GL)/Balance Sheet Accounting Manager
Healthplanone

HealthPlanOne's mission is to help people find the right health insurance at the right price, so they live healthier lives. We are committed to making the shopping process simpler. Our mission has never been more important than it is today.

The General Ledger (GL) / Balance Sheet Accounting Manager is responsible for overseeing the company's general ledger and balance sheet accounting processes. This role ensures the accuracy and integrity of the company's financial records, ensures compliance with accounting standards, and leads a team of accountants. The GL/Balance Sheet Accounting Manager will oversee month-end and year-end close processes, prepare financial reports, and ensure that balance sheet accounts are properly reconciled. A key objective for this role is to help achieve a 3-day close by driving efficiency and collaboration across teams. The ideal candidate will have a strong understanding of GAAP, extensive experience with general ledger functions, and the ability to work cross-functionally to ensure timely and accurate financial reporting.

Key Responsibilities

General Ledger Management:

• Oversee the preparation and maintenance of the company's general ledger.
• Ensure accurate posting of journal entries, including the proper allocation of costs, revenue, and other financial transactions.
• Review and approve all journal entries prepared by team members, ensuring compliance with accounting principles and company policies.
• Ensure proper classification and timely recognition of financial transactions in accordance with GAAP.

• Manage and oversee the balance sheet reconciliation process, ensuring that all balance sheet accounts are reconciled monthly and in compliance with company policies.
• Monitor, review, and resolve discrepancies in balance sheet accounts.
• Ensure that appropriate documentation and support are available for all balance sheet accounts.
• Provide detailed analysis of the balance sheet for management, highlighting any areas of concern or unusual transactions.
• Review and ensure the timely and accurate accrual of expenses, including any adjustments to prior period accruals.
• Work with cross-functional teams to gather necessary data for accruals and prepaid transactions.

• Lead the monthly, quarterly, and year-end close processes for general ledger and balance sheet accounts, ensuring deadlines are met and financial statements are accurate.
• Help drive the transition to a 3-day close by optimizing processes, improving efficiency, and identifying areas for automation or improvement.
• Prepare and review monthly and quarterly financial reports, including profit and loss statements, balance sheets, and cash flow statements.
• Ensure timely and accurate submission of financial reports to senior management.
• Work with the accounting team to ensure proper accounting for any adjustments, accruals, or deferrals during the close process.

• Ensure compliance with internal controls and accounting policies related to the general ledger and balance sheet accounts.
• Lead the development and implementation of processes and procedures to ensure efficient and accurate month-end and year-end close activities.
• Conduct periodic reviews of general ledger and balance sheet reconciliations to ensure compliance with company policies and external regulations.
• Stay updated on changes in accounting standards and ensure adherence to relevant GAAP guidelines.
• Collaborate with our tax advisors to ensure that all requisite regulatory/tax filings are completed on a timely basis for all state and local agencies where the Company conducts business (i.e. Sales & Use, Property Taxes etc.).

• Manage, mentor, and develop a team of GL accountants, ensuring high levels of performance, collaboration, and professional growth.
• Oversee the daily activities of the GL accounting team, ensuring deadlines are met and quality standards are maintained.
• Conduct performance reviews, provide feedback, and offer training to improve team performance and knowledge.

• Collaborate with other departments, including Finance, Operations, and Tax, to ensure accurate reporting and proper treatment of financial transactions.
• Provide guidance and support to other teams in relation to accounting issues and general ledger entries.
• Work with teams across the business to streamline and improve processes, helping to achieve the 3-day close goal.

• Assist in the preparation of schedules for external audits.
• Work with auditors to ensure timely and accurate completion of audits and that all required supporting documentation is provided.
• Provide necessary documentation and support for external reporting requirements, including tax filings and regulatory submissions.

• Participate in special projects as assigned, including system improvements, process automation, and efficiency initiatives.
• Support leadership with financial analysis and reporting for strategic decision-making.

• Bachelor's degree in Accounting, Finance, or a related field required.
• CPA or equivalent professional certification.

• Minimum 6 years of experience in general ledger accounting or balance sheet management, with at least 2 years in a managerial role.
• Extensive knowledge of GAAP, accounting principles, and internal control frameworks.
• Experience in managing month-end and year-end close processes, financial reporting, and balance sheet reconciliations.
• Proven track record of driving improvements to achieve a faster close (3-day close experience is a plus).
• Experience with accounting software (e.g., NetSuite, SAP, Oracle) and Microsoft Excel.

• Strong knowledge of general ledger accounting, balance sheet management, and financial reporting.
• Proven ability to optimize accounting processes and improve the speed and efficiency of the close process.
• Proficiency in accounting software and advanced Excel skills (pivot tables, v-lookups, etc.).
• Excellent organizational, analytical, and problem-solving skills.
• High attention to detail and accuracy in financial reporting and reconciliations.
• Ability to prioritize and manage multiple tasks in a fast-paced environment.
• Strong leadership and team management skills with the ability to motivate and mentor staff.
• Excellent communication skills, with the ability to collaborate with cross-functional teams and present financial information clearly to non-financial stakeholders.