Entry-Level Financial Assistant

ROCS Grad Staffing

Fairfax, VA

Expired: over a month ago Applications are no longer accepted.

Vision , Medical , Dental , Paid Time Off , Retirement
Full-Time

Job Description

For over 40 years we have been a leading authority in providing comprehensive insurance products, risk management services, integrated benefits administration and relevant technology solutions. Our experience over the last four decades has solidified us as one of the nation’s largest independent insurance brokerage firms, specializing in senior housing and long- term care facilities.

Responsibilities of Entry-Level Financial Assistant :

Administrative cost analysis and audit support

Performs detailed analysis of administrative costs allocated to the benefit programs including trending, evaluating allowability, and maximizing reimbursement.
Develops and maintains rules and reports within the cost allocation system to make reporting adjustments for internal and external reporting.
Supports multiple annual audits of the external auditors and Sales.

Monthly close

Provides guidance to team members and reviews monthly close journal entries and reconciliations to ensure monthly activity is accurately recorded to the general ledger within internal deadlines.
Reviews the monthly results for gain/loss results and actual vs budget administrative cost results for presentation to Leadership.

External reporting and audited financial statements

Leads process for coordinating the timely and accurate preparation, review and submission of the financials, which include health benefits and administrative costs charged for reimbursement.
Reviews reconciliations between the cost allocation system and cost submissions.
Assists with preparation of executive summaries and representation letters presented to Carrier and Broker partners.

Budget and forecasts

Leads process to timely develop annual administrative cost budget for department.
Coordinates with business areas throughout to identify and quantify factors impacting the budget.
Prepares budget materials to be presented to Leadership.
Coordinates timely quarterly cost submissions including projections for the contract year.

Process improvements and compliance

Challenge existing processes to identify and implement process improvements to improve efficiency and accuracy while maintaining a quality control environment and compliance regulations.
Maximize utility of resources to improve workflow including benefit financial reporting.
Implement new regulations and interpret existing regulations as they apply to specific business transactions.

Qualifications for Entry-Level Financial Assistant:

Completed Bachelor’s degree
1+ years of demonstrated experience
Strong analytical skills
Excellent communication skills (both written and verbal)
Strong PC and financial systems skills
Strong problem-solving skills
Ability to work independently and as a team member, and ability to train team members.
Must be able to effectively work in a fast-paced environment with frequently changing priorities, deadlines, and workloads that can be variable for long periods of time.
Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence.
Must be able to effectively communicate and provide positive customer service to every internal and external customer, including customers who may be demanding or otherwise challenging.

Benefits: