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Payment Receipts Analyst
ITECH Solutions New Haven, CT
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$75k-93k (estimate)
Full Time 1 Week Ago
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ITECH Solutions is Hiring a Payment Receipts Analyst Near New Haven, CT

Payment Receipts Analyst

*needs general ledger experience
*needs to be local - will come on site in the begining

Overview


The Payment Receipts Analyst is detail-oriented and financially savvy analyst who can help us optimize and improve our processes. In this role, you will be responsible for completing mission-critical finance activities, including reconciling bank accounts, researching and resolving outstanding clearing account balances, process anomalies, and analyzing daily/weekly/monthly reports to identify issues to be resolved. If you enjoy problem solving, work well independently in a fast-paced and deadline-oriented environment, and have a robust understanding of accounting principles, this role may be for you! *** is in the midst of a multi-year effort to transform and modernize our operations. This role will be critical to redefining how our Payment Receipts process's function. We will rely on you to identify ways to streamline both your daily tasks and those of others in the department. This is an exciting opportunity to join us as we reinvent the way work is processed in Payment Receipts. You'll be on the front lines as we challenge the status quo, and your work will have a significant impact on the way our members and clients interact with the ***. If you're ambitious, creative, and are up for a challenge, we'd love to hear from you.

Core Responsibilities


Financial reconciliation and analysis
  • Downloading and reviewing daily, weekly, and monthly system-generated reports to identify problematic transactions and policies that need to be addressed. Depending on the problem, either complete necessary resolution or assign to processing staff to complete.
  • Complete scheduled balancing of bank and clearing accounts. Identify and research discrepancies between policy accounting system and bank records. Work with staff in Payment Receipts and other departments to correct.
  • Research and resolve complex or unusual payments and transactions escalated by processing staff or identified by reports and audits. Such as Manual Credit Card and Online Payments
  • Perform various financial control tasks including verifying bank deposit and payment batch totals. Distribute bank deposit confirmations to other business units.
  • Completing rejected and returned financial transactions from the bank Improvement identification and departmental collaboration
  • Identify ways to streamline and automate the routine tasks being done in the department. Test and implement these ideas, collaborating with IT and others as necessary.
  • Identify and share payment and adjustment trends with management team to assist in departmental planning.
  • Participate in team huddles and staff meetings, identifying pain points and inefficiencies, and suggesting ways to improve.
  • Assist management team in testing IT system fixes and workflow or process changes.
  • Be able to serve as a back up to the departments supervisors, developing an understanding of key tasks in the department.
  • Prepare enhancement requirements, act as a liaison for process automation, and oversee implementation
  • Create test plans and perform testing for future enhancements including AWD upgrades
  • Develop training materials and procedures for all job functionalities of the department
  • Assist in cross-training and training efforts

Skills Qualifications

  • Insurance industry experience preferred
  • Process improvement (Lean, Six Sigma) knowledge preferred
  • Strong analytical and problem-solving skills
  • Ability to take initiative and work independently
  • Comfortable working in a fast-paced work environment with multiple and competing deadlines
  • Strong written and verbal communication skills

Education

Physical Demands


Must be able to remain in a stationary position for a majority of the workday.

For more information please contact Vijay Karney at or

Since 1995, iTech Solutions Inc., has been providing IT Consulting and Direct Hire Services to the Insurance, Financial, Communications, Manufacturing and Government sectors with local offices in Connecticut, Minnesota, Colorado, Massachusetts, Tennessee, North Carolina, and New Jersey / Pennsylvania area.

Our recruiting strategy is simple, if you want to find qualified IT professionals then use IT professionals to find them. So at iTech Solutions, our personnel are all career IT professionals with a wide range of IT experience. We can honestly say our staff understands the technologies, the complexities of finding and selecting the appropriate personnel and the pressures of running successful IT projects.

Employer will not sponsor applicants for any employment visas, at hiring or in the future, including but not limited to H-1B visas. Corp-to-Corp or subcontract personnel will not be considered for this position.

Job Summary

JOB TYPE

Full Time

SALARY

$75k-93k (estimate)

POST DATE

06/22/2024

EXPIRATION DATE

07/10/2024

WEBSITE

itechsolutions.com

HEADQUARTERS

HERNDON, VA

SIZE

100 - 200

FOUNDED

1995

TYPE

Private

CEO

MADHUKER PENTA

REVENUE

$10M - $50M

INDUSTRY

Business Services

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About ITECH Solutions

iTech providesstaffing and recruitment services for IT, healthcare, retail, pharmaceutical, and financial industries.

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