Grades: 109/110
Talent Acquisition Business Partner: Jenna Walsh
Summary
The Treasury Coordinator is responsible for balancing and audit
of premium and claims expense to actual deposits and disbursements
made from/to providers, groups and subscribers from various systems
including the national Blue Card system. This position investigates
and works to resolve all operational issues identified during the
financial balancing activities and initiates necessary requests for
service to solve identified problems. In addition, the Treasury
Coordinator performs assigned basic financial analysis and/or
assists with testing activity related to the various reports and
related processes and will be responsible for preparing a variety
of reports used by Financial Reporting, Actuarial Services,
Measures and Controls, and Treasury Management.
Essential Responsibilities/Accountabilities
Level I:
- Balances daily incoming and outgoing payments for more complex
and/or evolving claims systems including but not limited to Blue
Card and iFacets.
- Collects and analyzes division data, which will be used to
identify and resolve system problems that result in discrepancies
in the financial balancing reports.
- Performs assigned basic financial analysis, reconciling,
balancing.
- Initiates and leads the research effort with IT and Claims when
a payment run or Date of Service file is out of balance. Follows
through to a conclusion and takes corrective action.
- Liaison between IT, Claims, Customer Service and Provider
Relations to ensure timely and accurate payments are made to
providers and subscribers in accordance with corporate
policies.
- Releases checks and corresponding documentation for
mailing.
- Releases the electronic payment file to the bank for processing
before predetermined cutoff times.
- Works with various banks to identify and coordinate to
resolution all transaction discrepancies, adjustments and bank
errors.
- Maintains daily balancing totals using access databases and
excel spreadsheets to verify month end file totals.
- Prepares monthly and annual 1099 balancing related to more
complex claims systems.
- Assists in the development of balancing requirements and
documenting procedures.
- Assists with the testing of balancing reports as a result of
claims processing system changes.
- Completes research associated with check administrative
problems within the department.
- Acts as a backup for the other members of the Treasury
department whenever necessary.
- Prepares and/or maintains appropriate high level documentation
of work.
- Consistently demonstrates high standards of integrity by
supporting the Lifetime Healthcare Companies' mission and values
and adhering to the Corporate Code of Conduct.
- Maintains high regard for member privacy in accordance with the
corporate privacy policies and procedures.
- Regular reliable attendance is expected and required.
- Performs other functions as assigned by management.
Level II:
In addition to Level I responsibilities:
- Performs assigned basic financial analysis, reconciling,
balancing
- Works with various banks to identify and coordinate resolution
or all transaction discrepancies, adjustments, and bank
errors.
- As a member of a requirements team, assists in the definition
of requirements for improving existing processes and/or developing
new processes supporting the operational activities of the Cash
Management Department.
- Performs testing of pre-defined sets of financial reports with
little direction.
- Prepares regular and periodic reports for the review and
guidance of management
- Identifies all transactions and records information on the
appropriate cash control database by using daily reports produced
by various bank software programs
- Analyzes trends regarding problematic issues and make
recommendations to management offering suggestions and input on
process improvement opportunities
- Performs assigned basic financial analysis for supervisory
review and makes recommendations based on the analysis
completed.
- Considered subject matter expert for numerous payment balancing
processes.
- Shares knowledge with newer department employees.
- Manages groups' grace days on appropriate systems
- Responsible for authenticating the integrity of all data housed
in Treasury Operations owned databases.
Minimum Qualifications
NOTE:
We include multiple levels of classification differentiated by
demonstrated knowledge, skills, and the ability to manage
increasingly independent and/or complex assignments, broader
responsibility, additional decision making, and in some cases,
becoming a resource to others. In addition to using this
differentiated approach to place new hires, it also provides
guideposts for employee development and promotional
opportunities.
Level I:
- Associates degree in Accounting or Business and a minimum of
four years of experience in finance or banking required. In lieu of
degree six years in finance or banking required.
- Bachelor's degree preferred.
- Basic MS Excel skills required.
- Strong knowledge of MS Word, Access, PowerPoint, and mail
databases required; Mainframe applications experience is
preferred.
- Basic Cognos skills required.
- Demonstrated experience participating in the 1099 adjustment
processes
- Familiarity with lower level requirements gathering
- Intermediate communication skills required.
- Must possess a high degree of professionalism and be able to
establish effective working relationships with all levels of the
corporation.
- Internal claims experience helpful.
Level II:
In addition to Level I qualifications:
- A minimum of five years of experience within Finance or
banking
- Ability to perform basic testing of pre-defined test sets for
complex claims systems.
Physical Requirements
The Lifetime Healthcare Companies aim to attract the best talent
from diverse socioeconomic, cultural and experiential backgrounds,
to diversify our workforce and best reflect the communities we
serve.
Our mission is to foster an environment where diversity and
inclusion are explicitly recognized as fundamental parts of our
organizational culture. We believe that diversity of thought and
background drives innovation which enables us to provide
leading-edge healthcare insurance and services. With that mission
in mind, we recruit the best candidates from all communities, to
diversify and strengthen our workforce.
OUR COMPANY CULTURE:
Employees are united by our Lifetime Way Values & Behaviors that
include compassion, pride, excellence, innovation and having fun!
We aim to be an employer of choice by valuing workforce diversity,
innovative thinking, employee development, and by offering
competitive compensation and benefits.
In support of the Americans with Disabilities Act, this job
description lists only those responsibilities and qualifications
deemed essential to the position.
Equal Opportunity Employer
