Accounts Receivable Manager
MotivHealth Insurance Company•South Jordan, UT
•Hybrid
About The Position
MotivHealth is focused on making healthcare more affordable by helping members access high-quality care at lower costs. The Accounts Receivable Manager supports this mission by providing leadership of the Company's accounts receivable function and ensuring premium and other receivables are accurately recorded, collected, reconciled, and reported.
Requirements
- Bachelor's degree in Accounting, Finance, Business Administration, or a related field preferred.
- 5+ years of progressive accounts receivable, accounting, or related financial experience.
- 2+ years of supervisory or management experience preferred.
- Strong understanding of billing, collections, cash application, reconciliations, adjustments, and general ledger accounting.
- Strong Microsoft Excel skills and the ability to analyze and reconcile large amounts of financial data.
- Strong analytical, problem-solving, organizational, written, and verbal communication skills.
- Demonstrated ability to lead and develop employees, manage competing priorities, and meet critical deadlines.
Nice To Haves
- Experience in the health insurance, healthcare, or employee benefits industry.
- Experience with insurance premium billing and group account reconciliation.
- Experience supporting Statutory and/or GAAP financial reporting, audits, and internal control processes.
- Experience implementing process improvements, automation, or accounting system enhancements.
- Experience in NetSuite.
Responsibilities
- Manage day-to-day accounts receivable operations, including premium receivables, billing, cash application, collections, reconciliations, and account maintenance.
- Lead, train, and develop accounts receivable team members by establishing priorities, reviewing work, providing feedback, and monitoring performance.
- Oversee the accurate and timely recording of premium payments and other cash receipts.
- Monitor outstanding premium and other receivable balances and ensure appropriate and timely collection efforts.
- Coordinate with internal teams to resolve discrepancies involving premium billing, enrollment, payments, terminations, adjustments, and group accounts.
- Review and resolve unapplied cash, credit balances, account discrepancies, and other reconciling items in a timely manner.
- Perform and review monthly accounts receivable reconciliations between subsidiary systems, payment activity, bank activity, and the general ledger.
- Support monthly, quarterly, and annual financial close processes by ensuring accounts receivable balances are complete, accurate, and properly supported.
- Establish, document, and maintain effective accounts receivable policies, procedures, and internal controls.
- Identify opportunities to improve and automate billing, cash application, reconciliation, collection, and reporting processes.
- Support external financial statement audits, regulatory examinations, and other reviews by preparing schedules, reconciliations, and supporting documentation.
- Collaborate across departments to improve processes affecting premium billing, collections, enrollment, and group accounts.
- Participate in Accounting initiatives and perform other duties and special projects as assigned.
Benefits
- Affordable health, vision, and dental insurance for you and your family
- Company contributes up to $2,300 to Health Savings Account annually
- Wellness program that contributes additional money towards your HSA
- Automatic 3% contribution into retirement plan
- Career development and growth opportunities
- Flexible time off policy with 10 paid holidays
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What This Job Offers
Job Type
Full-time
Career Level
Manager
