Accountant II - Recovery Maintenance

Health Care Service Corporation•Chicago, IL

35d•$41,700 - $92,800•Hybrid

About The Position

This position is responsible in accordance with departmental policies for researching, reconciling, and resolving claim overpayment and recovery-related account balances. This role supports the recovery process by performing financial analysis, account adjustments, reconciliations, and payment processing activities while ensuring accuracy, compliance, and outstanding customer service. The position partners with internal departments, providers, and external customers to investigate and resolve complex financial issues and contributes to reporting, process improvement, and operational excellence. This position is hybrid 3 days a week in the office, 2 days a week remote.

Requirements

Degree in business and 2 years accounting experience, or 6 years accounting experience.
Analytical skills.
Clear, concise written and oral communication with good grammar and word choice.
Read and interpret financial and membership reports.
Knowledge of National and state health insurance portability laws.
Knowledge of HCSCs refund procedures.
Knowledge of HCSC structure, functions, and responsibilities of Marketing, Underwriting, Cash Receipts, Financial Reporting, etc.
Membership system experience.
Blue Star billing system experience.
MS Word and Excel

Nice To Haves

Degree in Accounting.
Knowledge of FSS Database, IMNU, BlueChip, Claims GUI, Financial Payment Database, and banking systems.
Knowledge of HCSC refund procedures and related recovery processes.
Understanding of organizational financial operations, including Cash Receipts and Financial Reporting functions.
Strong analytical skills with a track record of identifying and resolving complex financial discrepancies.

Responsibilities

Research, analyze, and resolve claim overpayment inventory discrepancies in accordance with departmental policies and procedures.
Perform account reconciliations and financial analysis to identify and resolve outstanding balances, payment discrepancies, and recovery-related issues by collaborating with internal business partners and external stakeholders.
Review and process manual account adjustments, corrections, and recovery transactions as appropriate.
Respond to provider, customer, and internal inquiries through phone, email, and written correspondence in a timely, accurate, and professional manner.
Process, track, and balance returned checks, stop payments, recoupment cash transactions, advance payments, and settlement checks.
Generate and distribute monthly, quarterly, and semi-annual reports for management and external customers.
Utilize financial and claims systems to conduct research, validate transactions, and support issue resolution.
Monitor and coordinate assigned activities performed by offshore staff to ensure quality, accuracy, and adherence to established procedures.
Document processes, procedures, findings, and resolutions to support operational consistency and compliance requirements.
Identify process improvement opportunities and recommend solutions to increase efficiency and accuracy.
Support special projects, audits, account reviews, reconciliations, and ad hoc financial analyses as assigned.