Benefits Reconciliation Specialist
1 week ago
Job Summary:
The position of Benefits Reconciliation Specialist is responsible for ensuring that transactions posted in our billing system accurately reconcile with the amounts paid to our business partners and billed to clients. This role requires a high degree of accuracy, attention to detail, and strong analytical skills.
Key Responsibilities:
- Compare and reconcile benefits plan insurance carrier invoices to client billings
- Conduct detailed research when discrepancies between client billing vs invoice arise
- Work & follow up with the Benefit Administration team on reconciliations outstanding
- Support the Team Lead with all benefit reconciliation activities.
- Prepare carrier payment requests in Salesforce.
- Provide support to insurance carriers and maintain carrier information up to date.
- Self-monitor and audit work performed.
- Other special projects as assigned.
Requirements and Qualifications:
- Basic knowledge of general accounting principles.
- Strong Excel skills (including VLOOKUP and pivot tables) required.
- Benefits and payroll administration experience a plus.
- FSA, HSA and COBRA experience preferred.
- Excellent communication and follow-up skills.
- Detail-oriented, highly organized, with a strong commitment to customer service.
- Ability to work independently and exercise professional judgment to complete assigned tasks.
- Estimated salary: $60,000 - $80,000 per year.
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