Director of HSA Operations

Director of Health Savings Account (HSA) Operations

Job Description:

Who we are: MotivHealth is a growing insurance company changing healthcare by focusing on HSA-based insurance plans that produce lower premiums, better benefits, and the ability for employees to build significant health savings. MotivHealth drives a unique approach to healthcare solutions by enabling their members to price their healthcare, understand their provider quality, and control their overall healthcare experience. Motivhealth drives change at the member and provider level by always placing the member first. As a company, MotivHealth is committed to changing healthcare, providing unmatched member experience, and lowering healthcare premiums.

The Director of HSA Operations is responsible for maintaining vendor relationships, managing HSA staff, and performing various accounting duties. We are looking for an individual with extensive HSA knowledge who is self-motivated and detail-oriented. 

Under direct supervision, the Director of Health Savings Account (HSA) Operations will:

• Develop and Maintain Debit Card Vendor Relationship
• Develop and Maintain HSA Investment Solution and Vendor
• Develop and Maintain HSA Cash Operations and Custodial Banking Relationships
• Develop and Maintain Customer Information Program (CIP) and Vendor
• Work with IT Engineers to Build and Improve employer and member portals for HSA account administration
• Manage, hire, train, mentor, and develop HSA Operations staff. 
• Preparing and approving daily bank ACH batches
• Operational reconciliation and monitoring of bank balances and activities
• Reviewing and approving vendor invoices
• Oversee HSA Administration activities to include:
• Member and Employer Contributions and Distributions
• Transfer/Rollover/Closures
• IRS Reporting of HSA Activities: 1099 SA, 5498 SA
• Employer and Member Inquiries
• Processing all HSA Administration general ledger entries, ensuring direct deposit completion accuracy and month-end reconciliations
• Reconciliation between accounting systems and ensure data integrity of all records
• Reporting of HSA Metrics
• Troubleshooting and Resolution of Issues
• Participate in forecasting and budgeting process

Education and Experience

• Required 4 years of relevant work experience.
• Preferred Bachelor’s Degree in Accounting, Business Management, or Finance 
• Preferred HSAe Certificate 

Knowledge, Skills, and Abilities

• Functional knowledge with State and Federal banking and HSA custodian laws
• Knowledge of General Accounting Practices and Statutory Accounting regulations
• Accounting systems experience
• Self-motivated, organized, detail-oriented and enjoys working independently while supporting and contributing to team goals

CONTACT:

• Kylee Hill - careers@motivhealth.com / 385-237-9515