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 SummaryThis 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.
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 - $86,000.00Exact compensation may vary based on skills, experience, and location.
Skills Required
- Degree in business and 2 years of accounting experience, or 6 years of accounting experience
- Strong analytical skills and attention to detail
- Ability to work independently and multitask
- Experience auditing accounts, allocating cash, and reviewing aging
- Clear, concise written and oral communication skills
- Ability to read and interpret financial and membership reports
- Intermediate to advanced Microsoft Word and Excel knowledge
- Experience preparing account reconciliations and researching variances
- Experience coordinating audits and supporting internal, external, and regulatory inquiries
- Accounting or finance degree
- Knowledge of HCSC structure, functions, refund procedures, balancing, analysis, cash receipts, and financial reporting
- Experience with statutory accounting
- Intermediate Microsoft Word, Excel, Access, and SQL query skills
- Accounting project implementation experience, including writing test cases and testing scenarios
- CPA or MBA, or progress toward a CPA or MBA
Health Care Service Corporation Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Health Care Service Corporation and has not been reviewed or approved by Health Care Service Corporation.
-
Retirement Support — A pension plan alongside a matching 401(k) is offered, an uncommon combination in the private sector. This combination is described as a standout element that helps retain employees.
-
Healthcare Strength — Healthcare options are broad, with multiple medical, dental, and vision choices, wellness incentives, and access to resources like on-site fitness centers and an EAP. These offerings add meaningful value beyond base pay.
-
Parental & Family Support — Paid parental leave (up to six weeks at full pay after one year), adoption assistance, and mothers’ rooms are available. These supports reinforce family needs alongside work commitments.
Health Care Service Corporation Insights
What We Do
Imagine Something New, Something Different. Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), is the largest customer-owned health insurer in the nation and the fourth largest overall. Operating through our Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma and Texas (as well as a variety of affiliates and subsidiaries,) we are expanding access to high-quality, cost-effective health care. We are equipping members with information and tools so they can make the best health care decisions for themselves and their families. HCSC is continuously recognized as an employer committed to community, diversity and inclusion, training and development. HCSC is committed to pioneering the health care space in ways as effective as they are creative. If you are passionate about the impact you want to have through your work, with a desire to apply innovative thinking to new and emerging challenges, we encourage you to learn more about HCSC. Learn about what we stand for, how we work and the difference we’re making in the lives of our 15 million members. Join HCSC and discover what new ways of thinking can mean for you, your community, our customers and our organization. Divisions of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association.
