Financial Payment Administrator

Job Description Job Title : Financial Payment Administrator Status: Full-time, Salaried Overview: The Financial Payment Administrator will play a crucial role in managing and overseeing the financial aspects of stoploss insurance for small employer groups. This position involves billing clients for administrative fees and claims, managing bank accounts, conducting weekly check runs, and ensuring sufficient funds are available. The ideal candidate will possess a strong accounting, finance, or banking background with excellent attention to detail and communication skills. Key Responsibilities: Bank Account Management: Conduct weekly check runs for clients and upload them to Aither Alley for broker and client review. Review bank accounts to ensure sufficient funds are available for check runs. Notify the manager and stoploss carrier if there are insufficient funds in any account. Claims Management: Identify and escalate high-cost claims to the stoploss carrier. Submit escalated claims to the stoploss carrier for review and approval. Coordinate with account managers to finalize and release check runs. Reporting and Reconciliation: Reconcile bank accounts and generate financial reports. Identify trends and discrepancies in financial data. Ensure all financial transactions are accurately recorded and reported. Communication: Maintain clear and effective communication with internal teams, brokers, and carriers. Provide timely updates on financial status and claim processes. Respond to inquiries and resolve issues related to billing and claims. Qualifications: Education and Experience: Bachelor's degree in Accounting, Finance, Banking. Previous experience in accounting, finance, or banking is required. Skills and Competencies: Strong analytical and problem-solving skills. Excellent attention to detail and accuracy in financial transactions. Proficiency in Microsoft Excel and financial management software. Effective written and verbal communication skills. Ability to identify and manage high-cost claims. Experience with bank account reconciliation and financial reporting. Personal Attributes: Highly organized with strong time-management skills. Ability to work independently and as part of a team. Proactive in identifying issues and implementing solutions. Committed to maintaining confidentiality and integrity in financial management. Working Conditions: This is a full-time, salaried position. Work is conducted in an office environment or hybrid. Occasional extended hours may be required to meet project deadlines. Compensation range: 55K-65K annually Requirements Qualifications: Education and Experience: Bachelor's degree in Accounting, Finance, Banking. Previous experience in accounting, finance, or banking is required. Skills and Competencies: Strong analytical and problem-solving skills. Excellent attention to detail and accuracy in financial transactions. Proficiency in Microsoft Excel and financial management software. Effective written and verbal communication skills. Ability to identify and manage high-cost claims. Experience with bank account reconciliation and financial reporting. Personal Attributes: Highly organized with strong time-management skills. Ability to work independently and as part of a team. Proactive in identifying issues and implementing solutions. Committed to maintaining confidentiality and integrity in financial management. Benefits Medical, Dental, Vision, PTO/SICK, 401K

Created: 2024-10-29