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Benefits Reconciliation Specialist

Remote:

Full Remote

Work from:

Philippines

Offer summary

Qualifications:

High school diploma or equivalent, Related bachelor's degree preferred.

Key responsabilities:

Review and audit insurance carrier invoices
Reconcile monthly benefit plans for accuracy

DOXA Talent

501 - 1000 Employees

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Job description

Role Summary

Our client, a national professional employer organization, is looking for a Benefits Reconciliation Specialist who will be responsible for multiple client-employer benefit/insurance accounts and administer and reconcile monthly invoices and deductions. This role will be an integral part of a best-in-class client service operation. This position's primary duties will also include managing internal communications between the benefits, payroll, and accounting departments. The successful candidate will demonstrate the ability to effectively identify, resolve, and explain billing discrepancies as they affect carriers and client-employers.

WORK SCHEDULE: 8:00 AM – 5:00 PM Mountain Standard Time (11:00 PM – 8:00 AM Philippine Standard Time), follows Philippine holidays

POSITION TYPE: Full Time

WORK ARRANGEMENT: Remote

Essential Functions

Review and audit insurance carrier invoices to be reconciled with client employer benefits plans and payroll deductions
Verify the calculation of monthly premium statements for all client benefit policies and work with accounting to ensure payments are made to carriers on behalf of client employers monthly
Monitor changes in client employer/employee deductions and premiums
Audit and investigate monthly billing discrepancies and serve as the contact between client employers and carriers to resolve issues
Input benefit deductions into the payroll software system
Reconcile all benefit plans monthly, ensuring 100% accuracy
Develop process improvements to improve the quality and effectiveness of deliverables
Maintain audit documentation according to established standards
Enhance department and organization by accepting ownership for re-engineering processes, accomplishing new and different requests, and exploring opportunities to add value
Perform such other duties, appropriate to the role, as may be required from time to time

Qualifications

High school diploma or equivalent; related bachelor’s degree is preferred
Familiarity with and understanding of the benefits of PEO operations is preferred
Preferred knowledge of employee benefits laws, including ERISA, Section 125, COBRA, and HIPAA
Thorough knowledge of the reconciliation and auditing principles and practices
Ability to understand, analyze, and explain benefit cost
Ability to identify the audit problems and take corrective action
Excellent data entry skills
Should be proficient in computers, especially in Microsoft Office and other related audit software with an ability to learn new computer system applications quickly and efficiently
Ability and skill to perform appropriate mathematical computations
Ability to maintain a high level of confidentiality
Good written and oral presentation skills