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 :

Working Conditions :

Compensation range : 55K-65K annually

Requirements

Qualifications :

Benefits

Medical, Dental, Vision, PTO / SICK, 401K