Post Date: 11/01/2019
Close Date: 11/30/2019
The Escheatment Accountant is responsible for executing the escheatment process for all applicable lines of business and maintain the disbursement systems to ensure regulatory compliance with all states.
At Cambia, our values are fundamental to achieving our Cause of transforming the health care industry. They guide our actions and bring diverse perspectives together to improve the health care journey better for those we serve. All eight values are equally important and linked to the others: Empathy, Hope, Courage, Trust, Commitment, Collaboration, Innovation, and Accountability. These values are not just words on paper - we live them every day.
• Researches state rules and regulations related to abandoned property due diligence, research requirements, documentation, filings, etc. Recommends process changes to management as needed to meet state-specific requirements.
• Analyzes outstanding check data for accuracy, makes appropriate corrections to ensure we reissue or escheat the accurate payments and ultimately protect corporate funds.
• Executes/Manages the issuance of due diligence letters, addresses inquiries, and reissues checks as necessary, as required by each specific state regulation. Maintains detailed reports of claims payments per prescribed methodology to ensure correct financial information is available for use in submitting reports to governing bodies.
• Sends monthly stale dated letters to payees. Monitor and take calls from payees and reissues checks as appropriate.
• Maintains check control logs and claims balancing information in accordance with departmental processes and protocols.
• Researches outstanding issues, places stop payment orders, and generates replacement payments as necessary. Applies payable best practices and generally acceptable practices and protocols to all payment requests reviewing submitted documentation for completeness, accuracy, and appropriate approvals.
• Prepares state filings inclusive of all required documentation and voucher check requests to meet state-specific filing and payment requirements and deadlines, including escheatment trending for management review prior to filing (includes three years of filings)
• Utilizes workflow or other technologies as appropriate to research outstanding issues and void, or void and reissue payments as appropriate. Update applicable systems to ensure other areas within the organization can effectively research and resolve outstanding questions from customers, members, business partners, etc.
• Utilizes imaging and data depository systems to respond to research inquiries and requests.
• Creates and maintains a record of voided checks and check tracers for informational retrieval and audit purposes.
• Adhere to MAR and SOC1 controls. In addition, complete quality assurance reviews in support of departmental controls
• Perform all reviews and audits as directed by department policy and procedures reporting findings as prescribed.
• Meets or exceeds all stated performance production metrics, both in quantity and quality of output.
• Escheatment Accountant will have an Associate’s degree in Accounting, Finance, or related field, or 2 or more years of relevant experience in lieu of degree. Prior escheatment experience preferred.
• Experience using a variety of personal computer software applications to perform accounting functions. Experience should include Intermediate to Advanced Excel, Word, email and calendaring software. Experience with payables ERP systems such as PeopleSoft, Oracle, Lawson, Workday et al. preferred.
• General office practices and procedures.
• Process detailed data in an accurate manner.
• Provide excellent customer service both internally and externally.
• Proven analytical skills.
• Communicate effectively, both orally and in writing, with all levels both internally and externally.
• Exercise sound judgment and discretion in confidential matters.
• Identify and prioritize workload to meet deadlines with minimal supervision and demonstrated multi-tasking capability.
• Apply mathematical principles.
• General understanding of unclaimed property.
At Cambia, we advocate for transforming the health care system. You aren’t satisfied with the status quo and neither are we. We're looking for individuals who are as passionate as we are about transforming the way people experience health care. We offer a competitive salary and a generous benefits package. We are an equal opportunity employer dedicated to workforce diversity and a drug and tobacco-free workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, age, sex, sexual orientation, gender identity, disability, protected veteran status or any other status protected by law. A drug screen and background check is required.
Cambia’s portfolio of companies spans health care information technology and software development; retail health care; health insurance plans that carry the Blue Cross and Blue Shield brands; pharmacy benefit management; life, disability, dental, vision and other lines of protection; alternative solutions to health care access; and free-standing health and wellness solutions.
We have nearly a century of experience in developing and providing health solutions to serve our members. We had our beginnings in the logging communities of the Pacific Northwest as innovators in helping workers afford health care. That pioneering spirit has kept us at the forefront as we build new avenues to improve access to and quality of health care for the future.