SUMMARY
The Funding Specialist is responsible for related banking duties and procedures associated with procuring and processing funding for Self-Funded Claims, account reconciliation and check runs processing.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
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Process stop pays, print bank statements, transfer funds, process ACH payments, process Positive Pays, print check copies, etc. via online access to several banks
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Process Self-Funded claims funding and release check runs
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Maintain Checks Waiting for Funding Log and Check Run Log
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Process Prescription payments and issue direct pays
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Reconcile bank statements and email Self-Funded statements to client groups
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Research, resolve and respond to customer/group accounting problems and discrepancies in a timely, accurate and professional manner
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Process check tracers from customer service dept.
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Process, print and request funding for weekly, semi-monthly and monthly self-funded check runs
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Enter direct pays for Billing Fees and Percent of Savings checks
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Performs other duties and responsibilities as assigned by Management.
Knowledge, Skills, & Abilities:
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Functional understanding of the payment processing system, preferably Quick Books.
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PC proficiency with Word, Excel, Outlook and Access.
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Excellent verbal and written communication skills.
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Excellent attendance and punctuality.
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Very strong math, problem solving and analytical skill required.
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Must be able to follow directions, work with minimal supervision and interact with all departments and levels of management.
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Knowledge of Benefits Industry preferred.
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Must be able to maintain confidentiality.
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Ability to prioritize and multi-task.
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Professionalism and respect for co-workers at all times.
Supervisory Responsibilities:
This job has no supervisory responsibilities.
Education and/or Experience:
Associate's degree (A. A.) or equivalent from two-year college or technical school; and minimum one to three years related experience and/or training in a fast paced accounting environment, preferably within a banking environment; or equivalent combination of education and experience. |
