Accountant II

HCSC; Chicago (IL); On-site; USD 48,000 - 86,000; Full time

Job summary

This role focuses on balancing EFT, Claims, Checks, and Refunds for both Commercial and Government lines within HCSC. Daily offshore balancing is reviewed with Alteryx-derived processes, followed by posting journal entries and performing detailed account reconciliations to ensure accuracy.

The candidate will research complex questions, support reinsurance entries, coordinate with actuarial and vendor resources, and assist with audits and process improvements.

Qualifications

• Degree in business and 2 years accounting experience, or 6 years accounting experience.
• Strong analytical skills and detail orientation.
• Ability to work independently and multi-task.
• Auditing accounts to ensure they are in balance and aging is current.
• Clear, concise written and oral communication.
• Ability to read and interpret financial and membership reports.
• Proficiency in MS Word and Excel.
• Monthly preparation of reconciliations and researching variances.
• Audit coordination with governance for MAR/ EY cash audits.
• Point of contact for various projects impacting Bank/Reconcilers.

Responsibilities

• Balance EFT/Claims/Checks/Refund for Commercial and Government lines.
• Review offshore balancing processes and follow up on variances.
• Prepare journal entries and account reconciliations.
• Research and troubleshoot complex questions and issues.
• Report reinsurance activity and prepare year-to-date statements.
• Coordinate wire transfers and support automation projects.
• Support internal/external audits and respond to inquiries.
• Serve as point of contact for reconciliation projects and regulatory inquiries.

Skills

Analytical skills

Independent worker

Multitasking

Auditing

Written & verbal communication

Interpreting reports

MS Word

MS Excel

MS Access

SQL queries

Reconciliations

Education

Degree in Accounting or Finance

Degree in business

Tools

MS Word

MS Excel

MS Access

SQL queries

Job description

Flex

IL - Chicago

Full time

R0056013

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 towards CPA/MBA is preferred but not required.

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.

For more than 80 years, HCSC has been dedicated to expanding access to high-quality, cost-effective health care and equipping our members with information and tools to make the best health care decisions for themselves and their families. As an industry leader, HCSC also has been helping to make the health care system work better for all Americans. To remain a leader, we offer compelling careers that encourage resourcefulness, strategic thought and empower you to make a difference in the lives of our members and their communities.

Today, with the industry at an important crossroad, HCSC is reimagining health care and looking for original thinkers who aren’t afraid to make innovative contributions. We are an Equal Opportunity Employment employer dedicated to workforce diversity and a drug-free and smoke-free workplace. Learn more about HCSC, our commitment to our members and the opportunity you’ll have to improve health care delivery in an open, collaborative environment.

HCSC is committed to diversity in the workplace and to providing equal opportunity to employees and applicants.

If you are an individual with a disability or a disabled veteran and need an accommodation or assistance in either using the Careers website or completing the application process, you can call us at 1-866-977-7378 to request reasonable accommodations.