Accountant II

Luminare Health Benefits Inc.; Chicago (IL); On-site; USD 48,000 - 86,000; Full time

Job summary

Health Care Service Corporation in Chicago seeks a seasoned accounting professional to balance EFT/claims/payments across Commercial and Government lines. You will review offshore processes, prepare journal entries, and reconcile accounts while supporting audits and financial reporting.

Collaboration with actuarial, regulators, and EY is required. The role emphasizes analytical thinking, accuracy, and ability to work independently on complex cases, with opportunities for process improvement and

Qualifications

• Degree in business and 2 years accounting experience, or 6 years accounting experience.
• Keen analytical skills and very detail-oriented.
• Ability to work independently and multi-task.
• Auditing accounts to ensure they are in balance, cash has been allocated and aging is current.
• Clear, concise written and oral communication with good grammar and word choice.
• Ability to read and interpret financial and membership reports.
• Intermediate to Advanced MS Word and Excel knowledge.
• Monthly preparation of account reconciliations and research of variances.
• Audit coordination with Corporate Governance for MAR updates, Internal Audit, and EY for cash audits.

Responsibilities

• Balance EFT/Claims/Checks/Refunds for Commercial and Government Lines.
• Prepare journal entries and account reconciliations.
• Research and resolve complex questions and unusual cases.
• Report reinsurance activity and prepare YTD statements for subsidiaries.
• Process wire transfers for internal and external entities.
• Collaborate with actuarial for reinsurance entries and adjustments.
• Balance multi-billion dollar paid claims journal entries across lines of business.
• Support audits and respond to MAR, External/ EY requests.
• Assist automation projects from an accounting perspective.

Skills

Analytical skills

Detail-oriented

Independent work

Financial reporting

MS Word

MS Excel

Communication

Education

Accounting degree

CPA/MBA preferred

Tools

MS Word

Excel

Access

SQL

Job description

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.

Join HCSC and be part of a purpose-driven company that will invest in your professional development.

Job Summary

This position is responsible for the EFT/Claims/Checks/Refund balancing for the Commercial as well as Government Line of a Business. Review of daily claims offshore balancing processes utilizing Alteryx Automated System and follow-up on any variances with partner areas or vendor resources. Performing accounting and analysis at an advanced level, preparing journal entries and account reconciliations. Responsible for researching & troubleshooting challenging questions and unusual cases, responding to complex or escalated questions or issues or volatile situations. Position is responsible for reporting reinsurance activity for the most reinsurance contracts with preparing YTD financial statements for the subsidiary companies, initiating wire transfer payments for both internal as well as external entities. Partnering with actuarial department to obtain support for the reinsurance entries & processing prior/current period adjustments based on the change in reinsurance contracts. This position is also responsible for balancing and recording complex multi-billion dollar paid claims journal entries for all the lines of business in the HCSC divisional states. Support the internal as well as external audit inquiries including MAR, audit services as well as EY requests on a monthly, quarterly & annual basis. Provide support to the automation projects and provide inputs from accounting perspectives for the process improvements. Point of contact for various adhoc inquiries for claims & bank reconciliation team and other external areas.

• Degree in business and 2 years accounting experience, or 6 years accounting experience.
• Keen analytical skills and very detail-oriented.
• Ability to work independently and multi-task.
• Auditing accounts to ensure they are in balance, cash has been allocated and aging is current.
• Clear, concise written and oral communication with good grammar and word choice.
• Ability to read and interpret financial and membership reports.
• Intermediate to Advanced MS Word and Excel knowledge.
• Monthly preparation of account reconciliations and research of any variances that arise due to reconciling items.
• Audit coordination with Corporate Governance for MAR updates, Internal Audit, and E&Y for cash audits.
• Serve as point of contact for various projects that impact the Bank
• Reconciliation team and Ad hoc inquiries from Regulators where copies of checks are requested

PREFERRED JOB REQUIREMENTS:

• Degree in Accounting or Finance.
• Read and interpret financial and membership reports.
• Knowledge of HCSC structure, functions, refund procedures and responsibilities of Balancing, Analysis, Cash Receipts, Financial Reporting, etc.
• Experience with statutory accounting.
• Intermediate MS Word, Excel and Access and writing/interpreting MS SQL queries.
• Accounting project implementation experience including writing test cases and testing various scenarios.
• CPA/MBA or working toward CPA/MBA is preferred but not required.

Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!

Pay Transparency Statement:

At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees. Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards .

The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan.

Flex employees are expected to be in the office a minimum of three days a week. Management will have discretion to modify an employee's weekly schedule for exigent circumstances.

HCSC Employment Statement:

We are an Equal Opportunity Employment employer dedicated to providing a welcoming environment where the unique differences of our employees are respected and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics. We are a drug-free and smoke-free workplace. Employment may be contingent upon successful completion of drug screening in accordance with applicable law.

Base Pay Range

$47,500.00 - $86,000.00

Exact compensation may vary based on skills, experience, and location.