Senior Funding Analyst

Allied Benefit Systems, Inc.; Illinois; Remote; USD 48,000 - 60,000; Full time

Job summary

Allied Benefit Systems is seeking a Senior Funding Analyst to oversee the ASO Funding team's daily workflows. The role involves auditing financial data, training staff, and ensuring quality KPIs are achieved, while also assisting with process improvements. Candidates should possess a Bachelor's degree and significant experience in Financial Operations.

Benefits

Medical, Dental, Vision Insurance

Generous Paid Time Off

Tuition Reimbursement

Technology Stipend

Qualifications

• 3+ years of Financial Operations experience required.
• 1-2 years funding or medical stop loss experience preferred.
• Goal-oriented, self-motivated problem solver.

Responsibilities

• Organizes and delegates tasks to the ASO Funding team.
• Audits and reconciles data between financial systems using Excel.
• Provides training to team members and ensures quality KPIs are met.

Skills

Financial Operations

Problem Solving

Attention to Detail

Communication

Team Management

Education

Bachelor's degree in Accounting, Finance or Business Administration

Tools

Excel

Microsoft Access

Job description

Job Details

Job Location: Allied Benefit Systems - CHICAGO, IL

Position Type: Full Time

Salary Range: $48000.00 - $60000.00 Salary

Job Category: Accounting & Finance

Description

POSITION SUMMARY

Senior,Funding Analyst organizes, delegates, and problem solves day to day workflows of the ASO Funding team. Major responsibilities include training staff on departmental processes, researching and responding to advanced internal and external inquiries regarding claim funding and recommending and implementing process improvements. When necessary, this position supports members of the team in completing recurring tasks to ensure quality and turn around time KPIs of the department are being met.

ESSENTIAL FUNCTIONS

• Audit and reconcile data between financial systems using Excel and other tools.
• Work closely with the ASO Funding Manager to create and execute a training plan with team members
• Understands current systems infrastructure to assist team members and modify existing processes and systems in order to meet evolving needs.
• Ownership of completing manual and complex stop loss calculations and audits
• Posting financial transactions in accounting system.
• Identifying, tracking, and resolving any discrepancies.
• Performing weekly and monthly claim fund report reconciliations.
• Advancing departmental goals by assisting with special projects and other duties.
• Creating and maintaining guides and in-house process documentation.
• Independently problem-solving funding and stop loss issues
• Other duties as assigned.

EDUCATION

• Bachelor's degree in accounting, Finance, Business Administration, or equivalent work experience required.

EXPERIENCE AND SKILLS

• 3+ years of Financial Operations experience in Accounting, Banking, or Billing required.
• 1-2 years funding or medical stop loss experience
• Health Insurance Industry knowledge preferred
• Intermediate or Advanced skill in Excel required
• Microsoft Access experience is a plus
• Prior claims processing experience is a plus
• Must be a goal-oriented and a self-motivated problem solver who maintains the utmost attention to financial details.
  

POSITION COMPETENCIES

• Job Knowledge
• Time Management
• Accountability
• Communication
• Initiative
• Customer Focus

PHYSICAL DEMANDS

• This is a standard desk role – long periods of sitting and working on a computer are required.

WORK ENVIRONMENT

• Remote

The company has reviewed this job description to ensure that essential functions and basic duties have been included. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate.

Compensation is not limited to base salary. Allied values our Total Rewards, and offers a competitive Benefit Package including, but not limited to, Medical, Dental, Vision, Life & Disability Insurance, Generous Paid Time Off, Tuition Reimbursement, EAP, and a Technology Stipend.

Allied reserves the right to amend, change, alter, and revise, pay ranges and benefits offerings at any time. All applicants acknowledge that by applying to the position you understand that the specific pay range is contingent upon meeting the qualification and requirements of the role, and for the successful completion of the interview selection and process. It is at the Company's discretion to determine what pay is provided to a candidate within the range associated with the role.

Qualifications