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Manager, Accounting

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

Company: Oak Street Health 

Title: Accounting Manager

Location: Chicago, IL/Remote 

Oak Street Health is a rapidly growing public company of primary care centers for adults on Medicare in medically-underserved communities where there is little to no quality healthcare. Oak Street’s care is based on a unique model that is focused on value for its patients, not on volume of services. The company is accountable for its patients’ health, spending more than twice as long with its patients and taking on the risks and costs of their care. Oak Street Health is now a subsidiary of CVS Health. For more information, visit http://www.oakstreethealth.com.

 

Role Description:

This is an exciting opportunity to join the growing Accounting team at Oak Street Health! The Accounting Manager role combines technical accounting expertise with a strategic focus on operational improvement. The ideal candidate is a self-motivated and curious individual that possesses strong analytical skills and a deep understanding of accounting principles, has a continuous improvement mindset focused on efficiency and accuracy, and a proven ability to respond quickly in a changing environment. This role requires strong oral and written communication and organizational skills, attention to detail, and the desire to innovate and improve. This position, in part, will support the monthly close process and preparation of financial reports as well as other day-to-day accounting related activities.

Key Responsibilities:

  • Maintain the general ledger, ensuring accuracy and compliance with GAAP

  • Support month-end close by reviewing journal entries and supporting documents, and providing internal reporting and analysis to management

  • Assist in quarterly and year-end reporting to Oak Street Health and CVS management

  • Review account reconciliations and other analyses to ensure complete and accurate accounting

  • Support Sarbanes-Oxley section 404 compliance on internal controls over financial reporting for key processes

  • Develop and implement accounting policies and procedures to enhance efficiency and accuracy

  • Supervise and mentor accounting staff, providing guidance and professional development opportunities

  • Collaborate with other departments to support overall business objectives, such as responding to inquiries from FP&A and providing requested documents to tax professionals and auditors

  • Perform other ad hoc accounting duties as assigned

Qualifications:

  • Bachelor's degree in Accounting, required; CPA certification preferred

  • Minimum of 5 years of progressive accounting experience

  • Strong knowledge of GAAP and financial reporting standards

  • Proficiency in accounting software (WorkDay Finance and SAP S4, preferred) and Microsoft Office Suite

  • Excellent analytical, organizational, and problem-solving skills

  • Effective written and oral communication and interpersonal skills

  • Past experience as a people manager strongly preferred

  • Public Accounting or Public Company (SOX 404) experience a plus 

  • Experience in the value-based care or SaaS industry a plus  

Why Oak Street?


Oak Street Health offers our coworkers the opportunity to be at the forefront of a revolution in healthcare, as well as:

  • Collaborative and energetic culture

  • Fast-paced and innovative environment

  • Competitive benefits including paid vacation and sick time, generous 401K match with immediate vesting, and health benefits

Oak Street Health is an equal opportunity employer. We embrace diversity and encourage all interested readers to apply to oakstreethealth.com/careers.

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$66,330.00 - $145,860.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls.  The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors.  This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. 
 

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

  • Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.

  • No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.

  • Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit https://jobs.cvshealth.com/us/en/benefits

We anticipate the application window for this opening will close on: 05/30/2025

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.

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Average salary estimate

$106095 / YEARLY (est.)
min
max
$66330K
$145860K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Manager, Accounting, CVS Health

Join the dynamic team at Oak Street Health as a Manager, Accounting based in Chicago, IL or remotely! At Oak Street Health, we’re passionate about transforming healthcare for adults on Medicare living in underserved communities. In this role, you’ll be at the forefront of our mission, using your technical accounting expertise to drive operational improvement while maintaining the integrity of our financial reporting. You’ll have the chance to support our monthly close processes and prepare financial reports while mentoring a team of dedicated accounting professionals. We’re looking for someone with a strong analytical skill set who thrives in a fast-paced, changing environment and is eager to implement innovative solutions to enhance our accounting procedures. Your work matters here; every day is an opportunity to make a meaningful impact on healthcare. With a collaborative culture and a commitment to investing in our employees, Oak Street Health is a place where you can grow and succeed. So, if you're a self-motivated individual with a CPA certification and a minimum of 5 years of progressive accounting experience, come join our journey to revolutionize healthcare and bring compassion to those who need it the most.

Frequently Asked Questions (FAQs) for Manager, Accounting Role at CVS Health
What are the key responsibilities of the Manager, Accounting at Oak Street Health?

As the Manager, Accounting at Oak Street Health, you will maintain the general ledger and ensure compliance with GAAP, support the month-end close process, and assist in quarterly and year-end financial reporting. Your role will involve reviewing account reconciliations, developing accounting policies, and supervising a team of accounting professionals. You'll collaborate with departments to enhance our overall business operations and be crucial in maintaining financial accuracy and efficiency.

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What qualifications are required for the Manager, Accounting position at Oak Street Health?

To apply for the Manager, Accounting role at Oak Street Health, you’ll need a Bachelor's degree in Accounting and a CPA certification is preferred. Candidates should have at least 5 years of progressive accounting experience and a solid understanding of GAAP and financial reporting standards. Familiarity with accounting software like WorkDay Finance and SAP S4, strong analytical skills, and effective communication abilities are essential for success in this position.

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How does Oak Street Health support the professional growth of their Accounting Manager?

At Oak Street Health, we are committed to the professional development of our Accounting Manager. In this role, you will have opportunities to mentor and guide accounting staff, participate in various training programs, and collaborate with other departments to broaden your knowledge and skills. Our supportive environment encourages innovation and improvement, helping you grow both personally and professionally.

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What is the work culture like at Oak Street Health for the Manager, Accounting?

Oak Street Health offers a collaborative and energetic work culture that focuses on innovation and teamwork. As a Manager, Accounting, you'll find yourself in a fast-paced environment where your contributions are valued. We believe that a strong team is essential for delivering compassionate healthcare, and we encourage our coworkers to share ideas, support one another, and strive for excellence together.

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What benefits do employees receive at Oak Street Health as a Manager, Accounting?

Employees at Oak Street Health enjoy a comprehensive and competitive benefits package. As a Manager, Accounting, you'll have access to affordable medical plan options, generous 401(k) matching, and an employee stock purchase plan. Additionally, Oak Street Health provides wellness programs, tuition assistance, paid time off, and flexible work schedules, ensuring that our team members have the necessary support for their physical, emotional, and financial well-being.

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Common Interview Questions for Manager, Accounting
Can you describe your experience with GAAP and how you ensure compliance in your accounting practices?

In my previous roles, I have consistently applied GAAP principles by establishing thorough accounting procedures and regular audits to ensure compliance. I stay updated with changes in regulations and make necessary adjustments to our practices. I believe in documenting processes meticulously to ensure that our financial statements remain precise and compliant.

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How do you approach the month-end close process, and what steps do you prioritize?

I approach the month-end close process with meticulous planning and organization. My priority is to ensure that all journal entries are completed and verified in a timely manner. I typically start by outlining a checklist of tasks, ensuring account reconciliations are finished early, and communicating effectively with team members to resolve discrepancies swiftly.

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Describe your management style and how you foster a positive team environment.

I adopt a collaborative management style that values open communication and mutual respect. I encourage my team to share their ideas and provide feedback regularly. Recognizing individual contributions and providing constructive feedback helps foster a positive environment, while regular team meetings create a sense of unity and purpose.

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What have been the biggest challenges you’ve faced in your accounting career, and how did you overcome them?

One challenge I faced was leading my team through an unexpected audit that required quick adaptation to new guidelines. I organized training sessions to enhance the team's understanding and coordinated with external auditors for smooth information sharing. This experience taught me the importance of preparation and communication in overcoming unexpected challenges.

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How do you stay updated on changes in accounting standards and regulations?

I prioritize continuous learning by attending accounting seminars, subscribing to relevant industry publications, and joining professional organizations. Engaging with peers in forums and staying updated about legislative changes allows me to adapt our practices proactively and maintain compliance.

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Can you explain your process for preparing financial reports?

My process begins with collecting all necessary financial data and ensuring its accuracy through thorough reconciliations. I then analyze trends and variances before structuring the report in an accessible format. I always double-check for compliance and clarity, aiming to provide actionable insights alongside the raw numbers.

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What tools and software are you proficient in that are relevant for this Accounting Manager position?

I am well-versed in several accounting software applications, including WorkDay Finance and SAP S4, alongside Microsoft Office Suite. I believe that leveraging technology enhances efficiency, so I consistently seek ways to utilize these tools for accurate data management and reporting.

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How do you ensure the accuracy of account reconciliations?

I ensure the accuracy of account reconciliations by implementing a structured review process, where discrepancies are identified and resolved promptly. Using technology to automate parts of the process aids efficiency, but I also take the time for manual reviews to ensure that no details are overlooked.

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What role do you think internal controls play in financial reporting?

Internal controls are critical to maintaining the integrity of financial reporting. They help mitigate risks of errors and fraud, ensuring that financial statements are credible. I emphasize developing robust controls and regularly reviewing them to adapt to any changes in the operational environment.

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Why do you want to work as an Accounting Manager at Oak Street Health?

I am drawn to the impactful mission of Oak Street Health and admire your commitment to transforming healthcare in underserved communities. I believe my values align with the company’s focus on quality care over volume, and I am eager to contribute my expertise in enhancing the financial operations to support your important mission.

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We help people with their health wherever and whenever they need us. And we do it with heart. Because our passion is our purpose: Bringing our heart to every moment of your health™.

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Full-time, hybrid
DATE POSTED
April 21, 2025

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