Financial Analyst I

Job Category: Accounting/Finance

Department: Accounting Services

Location:

Los Angeles, CA, US, 90017

Position Type: Full Time

Requisition ID: 9346

Salary Range: $67,186.00 (Min.) - $82,108.00 (Mid.) - $107,498.00 (Max.)

Established in 1997, L.A. Care Health Plan is an independent public agency created by the state of California to provide health coverage to low-income Los Angeles County residents. We are the nation’s largest publicly operated health plan. Serving more than 2 million members in five health plans, we make sure our members get the right care at the right place at the right time.

Mission: L.A. Care’s mission is to provide access to quality health care for Los Angeles County's vulnerable and low-income communities and residents and to support the safety net required to achieve that purpose.

As a condition of employment, L.A. Care requires a COVID-19 vaccine. This requirement includes our remote workforce. If you would like to request an exemption, L.A. Care has implemented a process to consider exemptions for documented medical conditions and sincerely held religious beliefs. L.A. Care will review all exemption requests prior to proceeding with the recruitment process.

Job Summary

The Financial Analyst will ensure the daily management of the Cash Pro System to confirm and monitor the daily deposits representing refund recoveries. This position will also ensure the Lock Boxes activity are reconciled to the provider refunds processed through the core systems SAP and QNXT. The Financial Analyst will ensure accurate and timely preparation of monthly activity reports, prepare Journal Entries, maintain General Ledger reconciliations and audit schedules. This position will also be responsible for submitting the monthly reinsurance reports and submit from the insurance carrier timely requests for reimbursement. They will track and monitor reimbursements, fulfill requests for information, resolve member inquiries through resolution, update 1095 data bases and prepare journal entries and provide information to the Shared Risk Senior Financial Analysts. They will prepare Ad Hoc reporting upon requests, participate in the completion of all assigned special projects and recommend process improvements to build efficiencies.

Duties

Ensure the daily management of the CASH Pro System to ensure the daily deposit are reconciled with the SAP/QNXT claims retractions by check run.

Ensure the Recovery Lock Box inbound reports are reconciled to deposits.

Prepare reinsurance carrier monthly reports and submissions for reimbursement. Fulfill requests for supporting data.

Prepare monthly financial activity reports accurately and timely.

Prepare monthly journal entries to record transactions in General Ledger.

Prepare ad hoc reporting upon request.

Maintain databases to support annual 1095 submissions.

Prepare and participate in the completion of all assigned special projects.

Recommend process improvements to build efficiencies.

Ensure all GL recons and audit schedules are accurate and timely.

Perform other duties as assigned.

Duties Continued

Education Required

Associate's Degree

In lieu of degree, equivalent education and/or experience may be considered.

Education Preferred

Bachelor's Degree

Experience

Required:
At least 4 years working in a Healthcare Finance setting.

Skills

Required:
Proficient in spreadsheets, databases, MS Office and financial software applications.

Outstanding presentation, reporting and communication (verbal and written) skills.

Licenses/Certifications Required

Licenses/Certifications Preferred

Required Training

Additional Information

Salary Range Disclaimer: The expected pay range is based on many factors such as geography, experience, education, and the market. The range is subject to change.

L.A. Care offers a wide range of benefits including

Paid Time Off (PTO)
Tuition Reimbursement
Retirement Plans
Medical, Dental and Vision
Wellness Program
Volunteer Time Off (VTO)

At L.A. Care, we value our team members’ safety. In order to keep our work locations safe, each employee is required to self-screen for symptoms prior to entering any L.A. Care location each day. L.A. Care and all of its staff are required to comply with all state and local masking orders. Therefore, when on-site at any L.A. Care location, it's expected that all employees wear a mask in areas where physical distancing cannot be managed.