Soma Capital Portfolio Jobs

Manager/Sr Manager of Accounting



Accounting & Finance
Austin, TX, USA
Posted on Wednesday, May 31, 2023

We are looking for a manager to senior manager level person that is looking to obtain accelerated learning and career growth in a dynamic environment. You will work closely with and report to the Director of Accounting/Controller to oversee aspects of accounting for our company including our health insurance company. An effective professional in this position will have a solid knowledge of accounting processes and principles including for health insurance companies. You must be a highly organized professional able to motivate a team and improve processes. The goal is to keep the accounting and financial processes of the company compliant with all regulatory standards and ensure accurate financial reporting and control.


  • Ensure proper general ledger accounting to ensure regulatory compliance including intercompany transactions and charges
  • Design processes and work with the rest of the accounting team to meet statutory accounting filing requirements  Liaise with the external statutory audit firm and complete the statutory audit
  • Manage the IBNR and other insurance related reserves and reinsurance matters, working closely with the risk management team
  • Complete medical loss ratio annual filing with CMS
  • Seek areas to improve efficiency by improving workflow, setting up automation or better use of the existing accounting system
  • Establish and maintain internal controls
  • Implement Policies and procedures in the health insurance entities
  • Work with AP and team to ensure proper identification and booking of medical expenses and fication of MLR, QIAs
  • Train staff on insurance company and TPA accounting  Other special projects and duties as assigned

Skills Required

  • Proficiency in collaboration and delegation of duties
  • Strong organizational, project management, and problem-solving skills
  • Must thrive in a fast-paced environment
  • 4 or more years of healthcare insurance accounting experience
  • Continuous improvement mindset
  • Strong interpersonal skills
  • VBA or similar health insurance software experience a plus
  • ERP System Admin Experience preferred
  • NetSuite experience a plus
  • Job is on site/hybrid in Monrovia, CA or Austin, TX
  • If remote, 10-30% of travel may be required to Monrovia and/or Austin
  • CPA preferred