What are the responsibilities and job description for the Insurance and Accounting Analyst position at Hasbro Children's?
Summary
Under general supervision of Property & Casualty Insurance Manager position requires an understanding of accounting and general understanding of property and casualty insurance and the ability to apply these skills to the complexities of an academic hospital and multi-state healthcare system. The analysts perform a variety of duties related to day-to-day business operations accounting and insurance analysis. Accounting activities include month-end closing general ledger reconciliations daily cash reconciliation budget variance analysis assist with audits and other general accounting support. Property & Casualty insurance activities include policy management system administration support self-insurance and commercial insurance programs working with internal and external customers to address insurance request and support and other insurance-related matters.
Responsibilities
Brown University Health employees are expected to successfully role model the organization�s values of Compassion Accountability Respect and Excellence as these guide our everyday actions with patients customers and one another.
Performs activities related to month-end and year-end closing which includes creating journal vouchers general ledger reconciliations balance sheet and intercompany reconciliations and generate financial statements. Reconcile and report physician net written premium and accounts receivables monthly to captive insurance broker and other internal customers. Ensures month-end closing process are synchronized with Corporate closing schedule and that related reports are developed in timely manner for manager�s review.
Monthly reconcile of captive insurance company�s bill and claims system. Coordinate weekly accounts payable feed to claim claims system and assist with resolving any exceptions that do not load into claims system.
Accounts payable duties include but are not limited to processing check requests coordinating with the Accounts Payable department to ensure invoices are processed and paid in a timely manner and supporting AP inquiries.
Performs activities related to billing and timely collection of physician practice contributions (accounts receivables). Billing is a function of physician record keeping therefore timely and accurate record keeping is necessary to ensure proper billing. Develop reports for manager�s review.
Responsible for the cash management of company�s checking account including monitor the bank account on a daily basis. Activity will be recorded and reconciled to the respective daily cash spreadsheet. A daily cash activity report will be completed to allow the Manager to assess the adequacy of the fund balance to meet daily operational and claims needs and to wire excess funds to maximize investment return.
The Analyst will assist in fiscal year ending audit of Brown University Health�s self-insurance captive called RISE the annual RISE Medicare Audit insurance audits and other audits as necessary.
Responsible for coordinating and ensuring the accuracy of the physician practice book-of-business. The book-of-business is the current and historical account of clinical providers covered under self-insurance program including Brown University Health employed providers as well independent non-employed affiliated providers. The Analyst will provide customer service and underwriting/insurance services to employed and non-employed providers and their respective practice groups. Service support may include for example downloading data from claims and policy management systems into excel and manipulating data to create a customized report.
Annually conduct Unrelated vs. Related Risk Analysis by collecting third-party volume statistic and applying Net Written Premium to determine percentage of unrelated risk for Manager review.
Semi-annual claim loss analysis for all insurance lines. Prepare loss ratio analysis for physician practices for Manager review.
Policy management administrator�s duties include updating and maintaining the underwriting system policy and procedures manuals coordinating and processing policy renewals; collaboration with Manager to coordinate test and implement form and report updates; assisting users with system access; collaboration with Loss Prevention team to apply provider incentive program; maintain policy and suffix lists; intermediary between the vendor and BUH IS application department; and collaboration with Manager to coordinate test and implement system upgrades.
Provide provider coverage details to claims analysts.
Provide insurance analysis and adhoc reports to support insurance renewals.
Work closely and collaboratively with Insurance Underwriting Coordinators and assist as necessary to meet deliverables.
Maintain quality assurance safety environmental and infection control in accordance with established system policies procedures and objectives.
Other Information
Perform other duties as required.
Basic Knowledge
Bachelor degree in business finance accounting or related field or the equivalent.
Requires knowledge of accounting practices and procedures personal computer operations and spreadsheet applications.
Knowledge of underwriting and insurance preferred.
Experience
At least two-year�s experience demonstrating familiarity with financial/accounting is required.
Experience In Underwriting And Insurance Is Preferred.
Such experience should demonstrate excellent organizational and detail management skills and ability to effectively communicate with a variety of customers including physicians.
Requires Excellent Spreadsheet Application Skills (excel Preferred).
WORK ENVIRONMENT AND PHYSICAL REQUIREMENTS:
Professional office environment.
Work on computer for extended periods of time with frequent telephone interruptions.
Brown University Health is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race color religion sex national origin age ethnicity sexual orientation ancestry genetics gender identity or expression disability protected veteran or marital status. Brown University Health is a VEVRAA Federal Contractor.
Location: Lifespan Risk Services USA:RI:Providence
Work Type: Full Time
Shift: Shift 1
Union: Non-Union
Under general supervision of Property & Casualty Insurance Manager position requires an understanding of accounting and general understanding of property and casualty insurance and the ability to apply these skills to the complexities of an academic hospital and multi-state healthcare system. The analysts perform a variety of duties related to day-to-day business operations accounting and insurance analysis. Accounting activities include month-end closing general ledger reconciliations daily cash reconciliation budget variance analysis assist with audits and other general accounting support. Property & Casualty insurance activities include policy management system administration support self-insurance and commercial insurance programs working with internal and external customers to address insurance request and support and other insurance-related matters.
Responsibilities
Brown University Health employees are expected to successfully role model the organization�s values of Compassion Accountability Respect and Excellence as these guide our everyday actions with patients customers and one another.
Performs activities related to month-end and year-end closing which includes creating journal vouchers general ledger reconciliations balance sheet and intercompany reconciliations and generate financial statements. Reconcile and report physician net written premium and accounts receivables monthly to captive insurance broker and other internal customers. Ensures month-end closing process are synchronized with Corporate closing schedule and that related reports are developed in timely manner for manager�s review.
Monthly reconcile of captive insurance company�s bill and claims system. Coordinate weekly accounts payable feed to claim claims system and assist with resolving any exceptions that do not load into claims system.
Accounts payable duties include but are not limited to processing check requests coordinating with the Accounts Payable department to ensure invoices are processed and paid in a timely manner and supporting AP inquiries.
Performs activities related to billing and timely collection of physician practice contributions (accounts receivables). Billing is a function of physician record keeping therefore timely and accurate record keeping is necessary to ensure proper billing. Develop reports for manager�s review.
Responsible for the cash management of company�s checking account including monitor the bank account on a daily basis. Activity will be recorded and reconciled to the respective daily cash spreadsheet. A daily cash activity report will be completed to allow the Manager to assess the adequacy of the fund balance to meet daily operational and claims needs and to wire excess funds to maximize investment return.
The Analyst will assist in fiscal year ending audit of Brown University Health�s self-insurance captive called RISE the annual RISE Medicare Audit insurance audits and other audits as necessary.
Responsible for coordinating and ensuring the accuracy of the physician practice book-of-business. The book-of-business is the current and historical account of clinical providers covered under self-insurance program including Brown University Health employed providers as well independent non-employed affiliated providers. The Analyst will provide customer service and underwriting/insurance services to employed and non-employed providers and their respective practice groups. Service support may include for example downloading data from claims and policy management systems into excel and manipulating data to create a customized report.
Annually conduct Unrelated vs. Related Risk Analysis by collecting third-party volume statistic and applying Net Written Premium to determine percentage of unrelated risk for Manager review.
Semi-annual claim loss analysis for all insurance lines. Prepare loss ratio analysis for physician practices for Manager review.
Policy management administrator�s duties include updating and maintaining the underwriting system policy and procedures manuals coordinating and processing policy renewals; collaboration with Manager to coordinate test and implement form and report updates; assisting users with system access; collaboration with Loss Prevention team to apply provider incentive program; maintain policy and suffix lists; intermediary between the vendor and BUH IS application department; and collaboration with Manager to coordinate test and implement system upgrades.
Provide provider coverage details to claims analysts.
Provide insurance analysis and adhoc reports to support insurance renewals.
Work closely and collaboratively with Insurance Underwriting Coordinators and assist as necessary to meet deliverables.
Maintain quality assurance safety environmental and infection control in accordance with established system policies procedures and objectives.
Other Information
Perform other duties as required.
Basic Knowledge
Bachelor degree in business finance accounting or related field or the equivalent.
Requires knowledge of accounting practices and procedures personal computer operations and spreadsheet applications.
Knowledge of underwriting and insurance preferred.
Experience
At least two-year�s experience demonstrating familiarity with financial/accounting is required.
Experience In Underwriting And Insurance Is Preferred.
Such experience should demonstrate excellent organizational and detail management skills and ability to effectively communicate with a variety of customers including physicians.
Requires Excellent Spreadsheet Application Skills (excel Preferred).
WORK ENVIRONMENT AND PHYSICAL REQUIREMENTS:
Professional office environment.
Work on computer for extended periods of time with frequent telephone interruptions.
Brown University Health is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race color religion sex national origin age ethnicity sexual orientation ancestry genetics gender identity or expression disability protected veteran or marital status. Brown University Health is a VEVRAA Federal Contractor.
Location: Lifespan Risk Services USA:RI:Providence
Work Type: Full Time
Shift: Shift 1
Union: Non-Union
