Senior Accountant (Statutory)

Clover is reinventing health insurance by working to keep people healthier.

We value diversity — Clover Health's mission is to improve every life. Clover Health operates as a next-generation Medicare Advantage insurer, which leverages Clover’s flagship software platform, the Clover Assistant, to provide America’s seniors with highly affordable, “obvious” healthcare plans. By empowering physicians with data-driven, personalized insights at the point of care through the Clover Assistant platform, Clover strives to improve clinical decision-making and outcomes.

The Accounting team is responsible for accurately reporting the financial results of Clover Health and overall business activities. The team coordinates and directs all financial transactions in the accounting system as well as, supports company wide goals and initiatives relative to the financial needs of all departments. The accounting department assures that all transactions adhere to company policies and procedures, generally accepted accounting principles, and relevant authoritative guidance.

We are looking for a highly motivated and committed individual to join our team as a Senior Statutory Accountant. In this role, you will spearhead the preparation and analysis of statutory financial statements for our two Medicare Advantage Plans. The ideal candidate brings expertise in statutory accounting principles (SAP), sharp analytical skills, and a collaborative approach to working across departments. This position offers an opportunity to play a crucial role in our financial reporting and compliance efforts within the dynamic healthcare industry.

As a Senior Accountant, you will:

• Independently prepare the quarterly and annual statutory financial statements and review package in accordance with regulatory guidelines.
• Ensure adherence to Statutory Accounting Principles (SAP) and regulatory standards, including NAIC requirements.
• Assist with complex calculations related to Medicare Advantage plans such as Risked Based Capital (RBC), Medical Loss Ratio (MLR), Quality Improvement Expenses (QI), and Claims Adjustment Expenses (CAE).
• Coordinate with external auditors to facilitate the annual audit of statutory financial statements.
• Analyze financial data and prepare variance explanations and financial reports for management review.
• Collaborate effectively with various Clover departments such as actuarial, FP&A (Financial Planning & Analysis), treasury, compliance, and legal to ensure accurate and timely reporting.
• Stay updated on regulatory changes and industry developments affecting statutory accounting and reporting

Success in the role looks like:

• Demonstrate understanding of the statutory accounting principles (SAP) and NAIC requirements through practical application in initial tasks.
• Establish effective communication channels with key departments (actuarial, treasury, compliance, and legal) and external auditors.
• Identify and address any immediate issues or gaps in the financial reporting process, demonstrating proactive problem-solving skills.
• Consistently deliver accurate quarterly and annual statutory financial statements, adhering to regulatory guidelines and SAP.
• Provide insightful variance explanations and financial reports that aid management in decision-making.
• Contribute to strategic planning by providing accurate financial insights and analysis that support business objectives and decision-making

You should get in touch if:

• You have 5+ years of relevant accounting or finance experience, preferably in the insurance industry.
• You have 2+ years of experience in SAP Statutory health plan accounting, preferably Medicare Advantage
• You have a Bachelor's Degree in Accounting, Master’s Degree preferred. 
• You are proficient in financial management software (e.g., Intacct) and have advanced skills in Microsoft Office and Google Suite

Benefits Overview: 

• Financial Well-Being: Our commitment to attracting and retaining top talent begins with a competitive base salary and equity opportunities. Additionally, we offer a performance-based bonus program, 401k matching, and regular compensation reviews to recognize and reward exceptional contributions.
• Physical Well-Being: We prioritize the health and well-being of our employees and their families by providing comprehensive medical, dental, and vision coverage. Your health matters to us, and we invest in ensuring you have access to quality healthcare.
• Mental Well-Being: We understand the importance of mental health in fostering productivity and maintaining work-life balance. To support this, we offer initiatives such as No-Meeting Fridays, monthly company holidays, access to mental health resources, and a generous flexible time-off policy. Additionally, we embrace a remote-first culture that supports collaboration and flexibility, allowing our team members to thrive from any location. 
• Professional Development: Developing internal talent is a priority for Clover. We offer learning programs, mentorship, professional development funding, and regular performance feedback and reviews.

Additional Perks:

• Employee Stock Purchase Plan (ESPP) offering discounted equity opportunities
• Reimbursement for office setup expenses
• Monthly cell phone & internet stipend

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Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records. We are an E-Verify company.

For California, Colorado, New Jersey, New York, or Washington residents, a reasonable estimate of the base salary range for this role can be found below. For candidates residing in other geographic areas, the range will be adjusted based on location. Final pay is based on several factors including but not limited to internal equity, market data, and the applicant’s education, work experience, certifications, etc.

Colorado/Washington Pay Range

$72,000 - $123,000 USD

California/New Jersey/New York Pay Range

$72,000 - $135,000 USD

About Clover: We are reinventing health insurance by combining the power of data with human empathy to keep our members healthier. We believe the healthcare system is broken, so we've created custom software and analytics to empower our clinical staff to intervene and provide personalized care to the people who need it most.

We always put our members first, and our success as a team is measured by the quality of life of the people we serve. Those who work at Clover are passionate and mission-driven individuals with diverse areas of expertise, working together to solve the most complicated problem in the world: healthcare.

From Clover’s inception, Diversity & Inclusion have always been key to our success. We are an Equal Opportunity Employer and our employees are people with different strengths, experiences and backgrounds, who share a passion for improving people's lives. Diversity not only includes race and gender identity, but also age, disability status, veteran status, sexual orientation, religion and many other parts of one’s identity. All of our employee’s points of view are key to our success, and inclusion is everyone's responsibility.