Accounting Analyst – Government Plans

Job Description

Government Accounting & Reporting Analyst | HMSA

The Tone:
This is a full-time, exempt role at HMSA, requiring a hybrid work environment on Oahu. HMSA is a company focused on providing and managing health plans and programs, with a significant emphasis on government initiatives. This position is central to maintaining the financial integrity and operational efficiency of HMSA’s government-focused programs, ensuring accurate accounting, robust financial reporting, and compliance. The Analyst will play a critical role in supporting strategic decisions and fulfilling contractual obligations.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid – Honolulu, HI
• Pay: $59,000–$116,000 yearly
• Team: Finance & Accounting, reporting to Senior Analyst/Supervisor
• Mission: Ensure proper recording and reporting of financial transactions for the Association and government lines of business, supporting essential accounting, reporting, and audit initiatives.
• Tech Stack: Microsoft Office (Word, Outlook, Excel, PowerPoint), MicroStrategy, Database manipulation software

What You’ll Actually Do
• Financial Reporting & Analysis: Prepare and post journal entries and accruals for general ledger accounts, ensuring proper recording and reconciliation of financial transactions for the Association and government lines of business. Analyze financial data for accuracy, identify discrepancies, and report findings to management and impacted departments.
• Government Program Financials: Monitor enrollment, utilization, and costs of contracted providers and government health plans (e.g., Federal Programs, Medicare, Medicaid). Provide financial information to support contract negotiations, ensuring costs align with government health plan budgets.
• Payment & Billing Oversight: Monitor and reconcile all incoming payments (like capitation), premium billing, and collections according to contract terms. Initiate and track payments to vendors, hospitals, and government entities, and manage HMSA operating expenses.
• Audit & Compliance Support: Assist with internal and external audits by providing research and analysis, supporting government program accounting and provider contract administration. This includes maintaining schedules and ledgers, and identifying issues for escalation.
• Data Management & Process Improvement: Assume ownership of MicroStrategy and ad-hoc system reports, developing and running them to summarize general ledger transactions. Validate data quality and consistency, and assist in evaluating business processes to identify workflow improvement opportunities under the direction of Senior Analysts or supervisors.

The Must-Haves
• Background: Bachelor’s degree in a related field with knowledge of Generally Accepted Accounting Principles (GAAP).
• Experience: One year of related work experience, or an equivalent combination of education and related work experience.
• Skills: Demonstrated project management skills, financial analysis skills (including preparing financial analyses and cost-benefit studies), and accounting skills (properly recording financial transactions and preparing financial statements). Strong oral and written presentation skills for Executive staff. Advanced proficiency in Microsoft Office applications (Word, Outlook, Excel, and PowerPoint) and familiarity with database manipulation software.