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Financial Analyst I

Company: Impresiv Health
Location: Santa Barbara
Posted on: January 21, 2023

Job Description:

Job Description

Title: Finance Analyst I

Duration: Direct Placement

Description: This position is responsible for assisting in the preparation of various financial reports for State agencies; creating journal entries for financial statements; assisting in annual audits; research projects as needed; processing bi-weekly payroll; processing claims distributions; reconciling bank statements; assisting Financial Analytics Manager in maintaining and coordinating currently established recovery programs; assisting in the identification and development of new programs; and providing information to the community pertaining to recoveries as needed through education/presentations.

What You Will Do:

  • Assisting in the preparation of quarterly and annually Financial Reports and submit to Department of Managed Health Care (DMHC) and Department of Health Services (DHCS)
  • Prepare journal entries for monthly financial statements
  • Prepare, review and process bi-weekly payroll and maintain payroll benefits records
  • Reconcile General Ledger accounts by analyzing data to ensure correct classification of GL accounts
  • Perform reconciliation of daily and monthly Cash Management
  • Participate in annual internal financial audit
  • Perform reconciliation of monthly SBHK bank accounts
  • Coordinate accounts payable transactions and maintain recoupment records, following established protocols
  • Prepare electronic spreadsheets as assigned
  • Annual 1099 preparation and reporting
  • Annual W2 preparation and reporting
  • Prepare and report annual Sales & Use Tax state report
  • Prepare semi-annual escheatment state reports
  • Analyze and prepare monthly bank transmittal for high volume account reconcilement
  • Maintain check stock supply
  • Assist in the research and development of new recovery projects
  • Working of newly developed recovery programs
  • Perform adjustments and recoupments to claims as necessary
  • Examine or identify source/area of recovery and measure the extent of potential loss and estimated recoveries; report result of preliminary findings to Recoveries Manager; take necessary recovery action and/or corrective action as instructed by Recoveries Manager; perform necessary adjustments/recoupments to claims as needed due to findings (ARF's, FLIP's, Reports) and report finding for corrective action to the corresponding parties.
  • Maintain Payment Integrity analysis and review process in conjunction with PI vendor
  • Prepare and present education to the community regarding recovery programs
  • Train and assist team members on new/ongoing recovery program assignments
  • Other duties as assigned

    You Will Be Successful If:

    • Knowledge of generally accepted accounting principles
    • Extensive knowledge of audit procedures
    • Strong organizational skills
    • Detail oriented
    • Think independently and communicate effectively
    • Maintain confidentiality
    • Knowledge of prepaid health care field
    • Knowledge of health insurance programs; Medi-Cal and Medicare
    • Knowledge of Medi-Cal regulations
    • Knowledge of COBRA and HIPAA laws
    • Knowledge of claims procedures, third party recoveries and coordination of benefit policies
    • Experience in reporting, record keeping and bookkeeping

      What You Will Bring:

      • Associates Degree in business administration and/or Accounting
      • 3-5 years of experience in a financial setting
      • 3+ years of experience in healthcare, managed care preferred

        About Impresiv Health:

        Impresiv Health is a healthcare consulting partner specializing in clinical & operations management, enterprise project management, professional services, and software consulting services. We help our clients increase operational efficiency by delivering innovative solutions to solve their most complex business challenges.

        Our approach is and has always been simple. First, think and act like the customers who need us, and most importantly, deliver what larger organizations cannot do provide tangible results that add immediate About Impresiv Healthvalue, at a rate that cannot be beaten. Your success matters, and we know it.

        That's Impresiv!

Keywords: Impresiv Health, Santa Barbara , Financial Analyst I, Professions , Santa Barbara, California

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