Blue Cross and Blue Shield of Louisiana Cash Operations Analyst in Baton Rouge, Louisiana
We take great strides to ensure our employees have the resources to live well, be healthy, continue learning, develop skills, grow professionally and serve our local communities. We invite you to apply for a career with Blue Cross.
Please note that effective Jan. 4, 2022, Blue Cross and Blue Shield of Louisiana will require any employee who enters any of our offices or who interacts in person with anyone for company business purposes to be fully vaccinated for COVID‑19, unless legally entitled to a reasonable accommodation related to religious or medical exemptions. Please note this is subject to change at any point in time to ensure compliance with company policy or government mandates.
Residency in or relocation to Louisiana is preferred for all positions.
Responsible for the daily management of cash in all bank and investment accounts, including the forecasting of cash flows.
NATURE AND SCOPE
This role does not manage people
This role reports to this job: MANAGER, CASH OPERATIONS
Necessary Contacts: In order to effectively fulfill this position the incumbent must be in contact with:All finance personnel, district offices, financial institutions, BBS group representatives, customer service, FEP, CMS, IT, Marketing, Brokers, Agents, Reinsurance companies, SNL vendors, Underwriting, Legal, Benefits Administration, Enrollment & Billing and other governmental agencies.
Bachelor's Degree in accounting or finance required
Four years of related experience can be used in lieu of a Bachelor’s degree.
- 3 years of cash management and/or banking experience is required
Skills and Abilities
Strong mathematical and analytical skills are required.
Must have working knowledge of relative software and office equipment and technical knowledge of the particular work being handled by the assigned work unit.
Must have good communication skills.
Licenses and Certifications
- None Required
ACCOUNTABILITIES AND ESSENTIAL FUNCTIONS
Prepares daily cash position report which tracks all deposits and disbursements, including claims, for all bank accounts in order to provide status of bank account activity and balance information to upper management. Tracks investment activity as well as line of credit activity to provide status to upper management.
Initiates all banking activity, including electronic activity, for cash receipts and disbursements and notifies appropriate finance staff to ensure funds can be timely posted, reconciled, and recorded.Approves certain transactions within the banking platform.
Maintains banking relationship with key customer service banking personnel to meet our internal and external needs.
Research requests from internal and external customers and complete ad hoc projects as needed.
Transfers bank balances between bank accounts and banking institutions when certain cash balances are met per departmental guidelines.
Serves as administrator for online banking platforms. Assists employees and BCBSLA TPA's who use the platforms with log ins and adjusting/granting user access as needed.
Prepares and maintains daily cash deposit reconciliation reports used for monthly general ledger reporting.
Completes daily FEP drawdowns and monitors FEP cash accounts to ensure we maintain appropriate cash balances necessary to cover all FEP checks written against the accounts. If needed, transfers cash from BCBSLA main operating account and makes necessary adjustments to drawdowns to recoup any borrowed funds owed to the company in case there is a problem with the Office of Personnel Management's (OPM) financial system.
Performs bank reconciliation between our company's PeopleSoft account and the bank's statement. Imports the bank statement from the banking system; runs queries in PeopleSoft to identify pending and reconciling items that need to be addressed. Reconciles ACHs.
Responsible for gathering reports and backup for internal and external audit requests.
Additional Accountabilities and Essential Functions
The Physical Demands described here are representative of those that must be met by an employee to successfully perform the Accountabilities and Essential Functions of the job. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential functions
Perform other job-related duties as assigned, within your scope of responsibilities.
Job duties are performed in a normal and clean office environment with normal noise levels.
Work is predominately done while standing or sitting.
The ability to comprehend, document, calculate, visualize, and analyze are required.
An Equal Opportunity Employer
All BCBSLA EMPLOYEES please apply through Workday Careers.
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Please be sure to monitor your email frequently for communications you may receive during the recruiting process. Due to the high volume of applications we receive, only those most qualified will be contacted. To monitor the status of your application, please visit the "My Applications" section in the Candidate Home section of your Workday account.
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In support of our mission to improve the health and lives of Louisianians, Blue Cross encourages the good health of its employees and visitors. We want to ensure that our employees have a work environment that will optimize personal health and well-being. Due to the acknowledged hazards from exposure to environmental tobacco smoke, and in order to promote good health, our company properties are smoke and tobacco free.
Blue Cross and Blue Shield of Louisiana performs background and pre-employment drug screening after an offer has been extended and prior to hire for all positions. As part of this process records may be verified and information checked with agencies including but not limited to the Social Security Administration, criminal courts, federal, state, and county repositories of criminal records, Department of Motor Vehicles and credit bureaus. Pursuant with sec 1033 of the Violent Crime Control and Law Enforcement Act of 1994, individuals who have been convicted of a felony crime involving dishonesty or breach of trust are prohibited from working in the insurance industry unless they obtain written consent from their state insurance commissioner.
Additionally, Blue Cross and Blue Shield of Louisiana is a Drug Free Workplace. A pre-employment drug screen will be required and any offer is contingent upon satisfactory drug testing results.
JOB CATEGORY: Finance