Financial Specialist III

Billing & Finance Irvine, California Remote, United States


Description

Part of the Western Growers Family of Companies, Western Growers Assurance Trust (WGAT) was founded in 1957 to provide a solution to a need in the agricultural community — a need for employer-sponsored health benefit plans not previously available from commercial health insurance carriers. WGAT is now the largest provider of health benefits for the agriculture industry. The sponsoring organization of WGAT is Western Growers Association, created in 1926 to support the business interests of employers in the agriculture industry. WGAT’s headquarters is located in Irvine, California.

WGAT’s mission is to deliver value to agriculture-based employer groups by offering robust health plans that meet the needs of a diverse workforce. By working at WGAT, you will join a dedicated team of employees who truly care about offering quality health benefits and excellent customer service to plan participants. If you want to start making a difference working in the health care industry, then apply to WGAT today!

Compensation: $51,853 - $72,409 with a rich benefits package that includes profit-sharing. 


 

JOB DESCRIPTION SUMMARY

This position reports to the Senior Supervisor, Administration, and is responsible for processing financial transactions in the Health Care Processing System (HCPS) and related systems for group and individual billing, Automated Clearing House (ACH) processing, and Cash receipt processing. They also maintain and balance group and individual Accounts Receivables including delinquency processing and terminations, manage receipt of group administration fees, and process vendor payments. Additionally, they are responsible for invoicing for Third Party Administrator (TPA) claims processing and managing receipt and application of claims funding. Lastly, they mentor and support the development of the Financial Specialist level I and II in conjunction with the Team Lead.

Qualifications

  • BA/BS degree in accounting, finance or business-related field preferred plus six years’ experience working in a related field or equivalent combination of education and experience preferred.
  • Highly skilled at establishing priorities, multi-tasking, working in high paced environment and meeting deadlines.
  • Ability to work independently with minimal supervision and in a team environment.  
  • Advanced knowledge of end-user office software i.e. calendaring, word-processing, spreadsheet and email and the ability to develop a strong proficiency working with a proprietary Health Care system.
  • Excellent written and oral communication skills, to include modern business communications, formatting of professional letters, reports and phone etiquette.
  • Customer service oriented.
  • Ability to analyze and resolve technical problems and/or client inquiries as they arise.
  • Advanced knowledge of generally accepted Health Care Eligibility and Billing procedures as well as Health Insurance Portability and Accountability Act (HIPAA), Consolidated Omnibus Budget Reconciliation Act (COBRA), Cal-COBRA, Multiple Employer Welfare Arrangement (MEWA) and Employee Retirement Income Security Act (ERISA) regulations.
  • Knowledge of health insurance industry and standard health care eligibility provisions.
  • Ability to work overtime as needed.

Duties And Responsibilities

Account Management & Maintenance
  • Maintain/manage all Pinnacle Claims Management, Inc. (PCMI) contribution/premium reimbursements, COBRA/Retiree reimbursements, and vendor pass thru payments for PCMI.
  • Manage complex account reconciliations, special assignments, and build ad hoc reports.  
  • Verify and authorize the release of PCMI vendor payment within 4 business days of account funding.
  • Manage the process of funding and releasing self-funded claims payments.
  • Prepare and complete Schedule “A” and Tax Form 5500.
  • Analyze and resolve technical problems and/or client inquiries as they arise
  • Month End Financials Complete and deliver month-end financials to Accounting by the established deadline.
  • Manage and maintain Bank of America lockbox, credit card and ACH/Wire programs.
  • Manage and maintain retiree invoicing and receivable management program(s).
  • Maintain FSA (Flexible Spending Account) program.  
Transaction Processing
  • Process and verify the necessary corrections on manual adjustments posted to group ledger on HealthCare Processing System for PCMI, Western Growers Assurance Trust (WGAT) and individual accounts (COBRA).
  • Verify and authorize refund for terminations and overpayments on all accounts.
  • Apply cash to appropriate ledgers and research /correct application issues.
  • Provide back-up resource for invoice generation, daily cash application and other staff financial duties.
  • Process related written and verbal account inquiries to its conclusion in a timely manner to include research on as needed basis.
  • Cross train on Eligibility processing and handling as necessary.
Customer Service
  • Act as liaison to other departments for resolution of issues that may arise.
  • Interface effectively with internal departments and external vendors, brokers or other business contacts to coordinate interrelated activities and to resolve eligibility and/or billing issues as they arise.
  • Provide timely and effective customer service to clients for requests, inquiries or issues concerning enrollment and/or billing items on their account.
  • Consistently meet processing cycle time standards and production due dates.
  • Mentor Financial Specialists I and II. 
  • Serves as a representative of PCMI displaying professionalism, knowledge, customer service and discretion in all interactions with other members of PCMI community and their customers. 

Other
  • Utilize all capabilities to satisfy one mission — to enhance the competitiveness and profitability of our members. Do everything possible to help members succeed by being curious and striving to understand what others are trying to achieve, planning and executing work in a helpful and collaborative manner, being willing to adjust efforts to ensure that work and attitude are helpful to others, being self-accountable, creating positive impact, and being diligent in delivering results.
  • All other duties as assigned.

Physical Demands/Work Environment

The physical demands and work environment described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand, walk and sit. The employee is frequently required to use hands to finger, handle, or feel objects, tools, or controls and reach with hands and arms. The noise level in the work environment is usually moderate.
#LI-Remote