Billing Specialist

Posted 8 Hours Ago
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Hiring Remotely in Pennsylvania, USA
Remote
Mid level
Financial Services
The Role
Responsible for accurate monthly invoicing, invoice audits, fee reconciliation, payment processing, termination billing, refunds, plan receivables, and internal conversions. The role reviews service agreements, resolves billing inquiries, maintains billing documentation for Sarbanes-Oxley compliance, updates billing systems, and supports confidential data handling and special projects.
Summary Generated by Built In

This position is primarily responsible for the timely and accurate monthly invoicing of all plans and the processing of termination plans.

Essential Duties and Responsibilities:

• Perform monthly audits of all asset and non-asset based invoices for accuracy and completeness.

• Reconcile fees for asset and non-asset based plans to those fees listed in the service agreements.

• Prepare fee processing requests based on service and compensation agreement terms.

• Handle special invoice and manual invoice requests.

• Prepare and review partner level invoice (s), if applicable.

• Reconcile any payments received by check and process to lockbox.

• Review service agreements for final invoicing of recordkeeping, miscellaneous and termination fees.

• Process internal conversions.

• Prepare monthly wire and quarterly plan receivable reconciliations, if applicable.

• Reconcile final payments prior to plan liquidations.

• Request termination refunds.

• Address & resolve internal and external (i.e. Alliance Partner) billing and Finance inquiries, including invoice and report requests.

• Assist with updating address/phone changes, update billing systems as needed.

• Create and maintain documents/procedures as needed to meet Sarbanes - Oxley requirements.

• Perform other duties and special projects as assigned by management.

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.

Minimum Requirements:

·         Bachelor’s degree in accounting/finance or equivalent combination of training and experience preferred.

·         3-5 years experience with PC’s and MS Office software applications

·         Experience with AS400 is preferred but not required.

·         Detail oriented with strong organizational and time management skills.

·         Strong written and verbal communication skills

·         Strong interpersonal skills with internal and external clients

·         Ability to handle multiple priorities and meet deadlines

·         Ability to work independently as well as with a team in a fast-paced environment.

·         Basic understanding of auditing concepts, account reconciliation skills and math skills.

·         Proven problem solving skills, along with an ability to quickly comprehend and analyze data.

• Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.

• The I-Client philosophy and the Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.

Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.

Skills Required

  • Bachelor's degree in accounting or finance, or equivalent combination of training and experience
  • 3-5 years of experience with PCs and Microsoft Office software applications
  • Experience with AS400
  • Detail-oriented with strong organizational and time management skills
  • Strong written and verbal communication skills
  • Strong interpersonal skills with internal and external clients
  • Ability to handle multiple priorities and meet deadlines
  • Ability to work independently and as part of a team in a fast-paced environment
  • Basic understanding of auditing concepts, account reconciliation, and mathematics
  • Proven problem-solving skills and ability to quickly comprehend and analyze data
  • Ability to protect, secure, and properly handle confidential data

Ascensus Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Ascensus and has not been reviewed or approved by Ascensus.

  • Flexible Benefits — Flexible and remote options are positioned as a meaningful part of the overall rewards experience and can help offset base-pay concerns for some roles.
  • Healthcare Strength — Healthcare coverage is presented as broad and modern, including medical, dental, vision, mental-health resources, and navigation support programs.
  • Parental & Family Support — Family-oriented benefits stand out through paid parental leave and practical supports like breast-milk shipping for traveling, breastfeeding employees.

Ascensus Insights

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The Company
HQ: Dresher, PA
4,629 Employees
Year Founded: 1980

What We Do

Ascensus helps millions of people save for what matters—retirement, education, and healthcare. We’re also one of the savings plan industry’s leading providers of outsourced services. Our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.

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