STAND 8 provides end to end IT solutions to enterprise partners across the United States with offices in Los Angeles, New York, New Jersey, Atlanta and more, including internationally in Mexico, India and Japan.
The Payment Receipts Analyst is a detail-oriented and financially adept professional who can help us enhance and refine our processes. In this role, you will handle essential finance activities, including reconciling bank accounts, investigating and resolving outstanding clearing account balances, addressing process anomalies, and analyzing daily, weekly, and monthly reports to identify issues that need resolution. If you enjoy problem-solving, excel at working independently in a fast-paced and deadline-driven environment, and possess a strong grasp of accounting principles, this position may be ideal for you! This role will be pivotal in transforming how our Payment Receipts processes operate. We will count on you to find ways to streamline both your daily tasks and those of your colleagues in the department. This is an exciting opportunity to join us as we revolutionize the way work is processed in Payment Receipts. You'll be at the forefront as we challenge existing practices, and your efforts will significantly impact how our members and clients engage with us. If you're ambitious, creative, and ready for a challenge, we'd love to hear from you.
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 backup to the department's 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

Requirements

• 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

Additional DetailsThe base range for this contract position is $20 - $23/per hour, depending on experience.
Our pay ranges are determined by role, level, and location. The range displayed on each job posting reflects the minimum and maximum target for new hires of this position across all US locations. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.
Benefits

• Medical coverage and Health Savings Account (HSA) through Anthem
• Dental/Vision/Various Ancillary coverages through Unum
• 401(k) retirement savings plan
• Company-paid Employee Assistance Program (EAP)
• Discount programs through ADP WorkforceNow

About UsSTAND 8 provides end-to-end IT solutions to enterprise partners across the United States and globally with offices in Los Angeles, Atlanta, New York, Mexico, Japan, India, and more. STAND 8 focuses on the “bleeding edge” of technology and leverages automation, process, marketing, and over fifteen years of success and growth to provide a world-class experience for our customers, partners, and employees.
Our mission is to impact the world positively by creating success through PEOPLE, PROCESS, and TECHNOLOGY.
Check out more at www.stand8.io; and reach out today to explore opportunities to grow together!