Horizon Blue Cross Blue Shield of New Jersey · 7 hours ago
Senior Accountant
Newark, NJ
Full-time
Onsite
Mid, Senior Level
$50K/yr - $67K/yrHorizon Blue Cross Blue Shield of New Jersey is seeking a Senior Accountant responsible for the billing of Minimum Premium and Cost Plus groups, including all accounting tasks associated with payments and General Ledger maintenance. The role involves timely preparation of invoices, maintaining accurate accounting ledgers, and ensuring compliance with collection procedures.
Health Care
Responsibilities
Responsible for timely preparation, analysis, completion and mailing of Minimum Premium and Self Insured invoices, including compilation of claims and traditional bills with contract counts on a daily, weekly and monthly basis
Maintains accurate accounting sub ledgers for the tracking of advance deposits, receivables, contingent receivables, claims, retention, broker commission, interest charges, high level pooling charges and related billing accounts
Implements Plan collection procedures including the preparation of delinquent notices; arranges group suspensions and/or termination's for non-payment to expedite premium payment or correct invalid transactions which caused the delinquency
Applies all payments and prepares schedules tracking receivables, advance deposits and contract settlements. Assists in the preparation of routine and non-routine journal entries, reallocations, and other adjustment transactions for financial month end close. These activities may be needed in the sub-ledger, the general ledger, or both
Identify and resolves discrepancies and errors associated with the proper billings, receipts and disbursements
Answers phone inquiries and questions regarding Minimum Premium and Cost Plus billings while maintaining strong relations with the external clientele
Ensure timely payments are made by the groups and make the appropriate contacts to assure prompt payments including enforcement of the Plan collection policy on delinquent accounts
Maintain sub schedules per group to reflect monthly account balances
Prepare reconciliation's, analysis and various reports in order to show the status of the accounts
Balance all related accounts to the General Ledger, and recommend improvements to the current system
When required, determines need for development of specialized accounting procedures consistent with general acceptable accounting principles
Visit accounts to explain the billings and resolve problems
Assist in ensuring good harmony in relation to workload and accountabilities in order to meet deadlines and department/division objectives
Perform Special projects as required by management
Qualification
Required
Requires a four (4) year college degree, preferably in a finance related major. Degree must include 15 hours of accounting
Familiarity with G.A.A.P. required
Requires knowledge of accounting analysis
Requires advanced knowledge of personal computers and related software.(Excel, Word, prefers Access)
Requires knowledge of mainframe applications
Requires strong analytical skills
Requires technical skills to be used to create cost accounting schedules to be used by external clients as well as financial reporting
Requires strong communication and presentation skills
Requires the ability to research and resolve problems through interaction with companywide personnel
The employer may require an employee to pass a test(s) as part of determining whether the applicant meets the minimum qualifications for the job
Preferred
Prefers knowledge of rating and underwriting concepts and terminology
PeopleSoft general ledger module would be a plus
Benefits
Comprehensive health benefits (Medical/Dental/Vision)
Retirement Plans
Generous PTO
Incentive Plans
Wellness Programs
Paid Volunteer Time Off
Tuition Reimbursement
Company
Horizon Blue Cross Blue Shield of New Jersey
Horizon Blue Cross Blue Shield of New Jersey is a company that provides health insurance products.
Founded in 1932
5001-10000 employees
Funding
Current Stage
Late StageLeadership Team
Gary St. Hilaire
President & Chief Executive Officer
Recent News
2026-01-06
2025-12-29
2025-12-25
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