The Hartford · 15 hours ago

Billing Specialist- Group Benefit Ops

United States - Remote

Full-time

Remote

Entry Level

$47K/yr - $71K/yr

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Responsibilities

Validate and review premium payments received daily to verify that the customer is paying the appropriate premium against expected premium and historical trends of payments received from the customer.

Request payment support from the customer to reconcile payments within required turnaround times.

Comparison of critical data elements to ensure that the data and premium received is within tolerance levels of the billed premium amount for the current month compared to prior month, and then month over month trending is within historical trends.

Reconcile data elements to ensure accurate calculation of premium is being paid by the customer and balances with the payment received.

Any variances are researched and resolved with the customer and internal sources in a timely manner.

Any issues that cannot be resolved must be escalated to management in a timely manner.

Manage, analyze, and translate customer provided information into data to be entered into our systems.

Record and review premium data entered within our systems and apply the payment to accurately reflect and record our accounts receivable balances and funds in suspense within the timeframe allotted.

Review support provided by the customer for any member changes that need to be reflected on a future bill for the customer.

Monitor and resolve aging accounts receivable balances and suspense balances on a daily, weekly, monthly basis to meet monthly metrics.

Send and track manual notices to customers with aging accounts receivable balances as required.

Contact and provide due date to customer to remit payment and supporting documentation.

Process refunds back to customers within allotted timeframe.

Validate that all group insurance products are being paid and reported by the customer.

Recommend necessary action steps for delinquent accounts based on the customer’s circumstances.

Review invoices generated after the reconciliation billing period to determine if other non-reconciled billing period generated invoices require changes to accurately reflect correct financial accounts receivable balances.

Analyze validity of invoices after cancellation.

Assist internal resources to validate and update rates and billing structure in our systems.

Track account changes that impact the customer’s bill to ensure that they are done in a timely manner.

Respond to customer internal/external requests within the allotted turnaround time (metrics).

Provide paid vs billed summary statements to internal/external customers.

Understand regulatory environment and rules related to collection of accounts receivable and processing of the payments.

Qualification

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ExcelAccounts ReceivableGroup Insurance ProcessingInsurance/Finance IndustryAccounting Degree