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Edward Molinski profile image

Edward Molinski

Manager of FEP Accounting at Blue Cross and Blue Shield Association
Intro Book
Seasoned financial professional with 41 years of experience in accounting and management.
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Location
Silver Spring, Maryland, United States, US
Languages
  • German Professional working proficiency
  • English -
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Bio

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Edward Molinski is a seasoned financial professional with 41 years of experience in accounting, program integrity, and management. He holds a Bachelor of Business Administration degree from the University of Wisconsin Milwaukee and is a certified public accountant (CPA). Molinski has worked for the Blue Cross and Blue Shield Association and JI Case, overseeing accounting, inventory management, and credit and collections for various locations. As a manager at the Blue Cross and Blue Shield Association, he led on-site audits of Blue Cross and Blue Shield Plans in the US, recovering multi-millions based on FAR Regulations and GAAP. He also supervised the transition from legacy platforms to PeopleSoft, reconciling balances for 60 plans. Molinski has a strong background in financial reporting, auditing, and management, with expertise in program integrity and accounting.

Credentials

  • CPA
    -
    Aug, 1984
    - Apr, 2026

Experience

  • Blue Cross and Blue Shield Association
    • Washington D.C. Metro Area
    • Manager of FEP Accounting
      • Jan 1983 - Present
      • Washington D.C. Metro Area

      • On site audits of Blue Cross and Blue Shield Plans in US in Program Integrity Area. Recoveries approaching multi millions based on FAR Regulations and GAAP.• Functioned as lead Senior Accountant in FEP Financial Reporting for $34 billion FEP Program. Supervised transition from legacy platforms to PeopleSoft. Reconciled Plan Receivable balance for 60 Plans of $350 million to FEP Benefit Payable balance for transition to PeopleSoft.• Dealt closely with Office of Personnel Management and external auditors for clean fiscal and annual statements. Supervised all accounting transactions and Plan reporting with transition to PeopleSoft. Presented training modules at FEP Accounting and Audit Conferences.

  • JI Case
    • Business Manager
      • Apr 1974 - Jun 1981

      Supervised all accounting, inventory management and credit and collections for JI Case Construction Equipment stores in Sacramento, California and Denver, Colorado. All accounting deadlines were accomplished, and outstanding aged Receivables significantly reduced.

Education

  • 1971 - 1974
    University of Wisconsin Milwaukee
    Bachelor of Business Administration (BBA), Accounting
  • 1962 - 1966
    St. Francis DeSales High School
    General

Suggested Services

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Industry Focus. “Accounting and Auditing”

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