We are looking for an experienced Senior Financial Analyst to join our Finance team! Are you organized, detailed-orientated, and comfortable communicating effectively across all levels of the organization? Do you work under pressure and changing priorities? Do you thrive in working closely with a team and independently? If so, we are looking for you!

ABOUT BETA HEALTHCARE GROUP:

BETA Healthcare Group (BETA) is the largest professional liability insurer of hospitals on the west coast, providing coverage to more than 250 hospitals and healthcare facilities and provides workers' compensation coverage for over 70,000 healthcare workers in California. BETA also has a long-established and growing commitment to physicians, providing medical professional liability coverage to nearly 7,600 physicians and more than 50 medical groups. Beyond primary liability and workers’ compensation coverage, BETA provides an entire suite of alternative risk and insurance services, including excess healthcare professional liability coverage, excess workers’ compensation coverage, third-party claims administration services, risk management consulting services and claims management consulting services. Whether with hospitals, medical groups, clinics or hospices, BETA has earned a reputation for financial strength, rate stability, quality service and breadth of coverage that is unparalleled in the industry. For 2023-2024 renewal, we achieved 98% member retention.

ABOUT THIS ROLE:

In this role your focus will be ensuring accurate financial reporting for BETA. You will be responsible for analyzing financial data, regulatory filings, and compliance with both GASB and GAAP and statutory reporting requirements. This is an exempt position, paid semi-monthly. This position allows telecommuting from home up to three days a week, but you must be a commutable distance to either our Alamo or Glendale, CA office.

IN THIS ROLE YOU WILL:

GAAP & SAP Financial Reporting:

Assist in the preparation of financial statements in accordance with Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (SAP)
Analyze financial data to identify trends, variances, and areas for improvement in statutory reporting processes
Perform reconciliations and analyses to ensure accuracy and completeness of financial statements
Stay updated on changes in GAAP & SAP accounting standards and ensure compliance with new regulations
Assist in the implementation of new accounting standards and policies
Coordinate with internal departments and external auditors to gather necessary information for financial reporting

General Reporting:

Assist in the preparation of reporting materials for board of directors, AM Best, and reinsurance meetings
Prepare other reporting materials as requested by the CFO

Financial Analysis:

Conduct financial analysis to support decision-making and strategic planning
Assist in the preparation of financial reports, forecasts, and budgets
Identify key performance indicators and trends to assess the financial health of the organization

Process Improvement:

Identify opportunities to streamline and improve reporting processes
Implement best practices to enhance efficiency and accuracy in financial reporting
Participate in cross-functional teams to drive continuous improvement initiatives

Ability to travel to other BETA offices and business partners as requested
Other duties as required
· Note the amount listed is the base pay range; additional compensation may be available for this position.

REQUIREMENTS:

Bachelor’s degree in accounting, finance, or related field required
CPA (Certified Public Accountant) or progress towards CPA to be completed within 18 months of hire required
Minimum 5 of years’ experience, inclusive of financial statement reporting and analysis required
Previous experience in public accounting preferable leading audit engagements
Strong understanding of GASB, GAAP and SAP
Previous experience in SAP and GAAP reporting, preferably in medical liability industry or other professional liability lines of business strongly preferred
Strong understanding of insurance operations, loss reserves, reinsurance contracts, and investment accounting.
Basic understanding of accounting for retirement plans a plus
Proficiency in financial analysis, including ratio analysis, variance analysis, and financial modeling
Excellent attention to detail, strong analytical skills, and organizational skills
Ability to work effectively in a fast-paced environment and meet deadlines
Strong communication skills, both written and verbal
Proficiency in Microsoft Excel and other financial software applications

Hiring base salary range: $110,000-160,000/annually depending on experience

Check out our benefits page for more information and complete your application www.betahg.com/careers

BETA Healthcare Group

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Senior Financial Analyst