Benefits Financial Consultant

Kentucky Personnel Cabinet • Frankfort, KY

2d • Hybrid

About The Position

The Personnel Cabinet offers a great opportunity to work with and serve state agencies, employees, and citizens across the Commonwealth. The Personnel Cabinet’s mission is to provide leadership and guidance to attract, develop, motivate, and retain a talented, diverse workforce that provides outstanding service to state agencies and citizens of the Commonwealth; foster an understanding of and adherence to legal requirements; and create a positive and inclusive work environment that supports the holistic well-being of all employees.

The Department of Employee Insurance (DEI) administers a $1.8 billion, self-funded, health insurance program along with optional life, dental and vision insurances, and flexible spending accounts for nearly 300,000 public employees and their dependents.

The Financial Management Branch (FMB) is responsible for the financial activities of DEI, including processing accounts receivable and payable and deposits while maintaining internal financial controls including segregation of duties that meets the standards of the general accepted accounting principles (GAAP) as well as maintain the level of service needed to accurately reconcile financial activity and produce financial statements for health, flexible spending accounts, life, dental, and vision insurance funding accounts.

Requirements

• Graduate of a college or university with a bachelor's degree.
• Four years of experience in human resource (HR) administration, the administration of employee benefit programs or similar employee assistance programs, life or health insurance administration or sales, the reconciliation of financial or benefit accounts or financial transactions, statistical analysis, accounting, auditing, planning, bookkeeping, banking, business administration, public administration or a related field.
• Master's degree will substitute for the required experience on a year-for-year basis.
• Additional experience in the above areas will substitute for the required education on a year-for-year basis.
• Current certification as a Certified Medical Office Manager (CMOM), Certified Accounts Payable Professional (CAPP). Certified Credit and Risk Analyst (CCRA), Accounts Receivable Specialist (ARS), or Accounts Receivable Manager (ARM) will substitute for up to two years of the required experience.

Nice To Haves

• Advanced skills with standard reporting and analytic Microsoft Office products such as Excel and Access
• Experience with eMARS
• Experience with health insurance, optional insurance, FSA/HRA enrollment and financial administration
• Experience working with KHRIS, Insurance and/or Billing and Collections systems
• Exceptional attention to detail and accuracy
• Excellent communication skills, both written and verbal
• Works well as part of a team

Responsibilities

• Monitors, records, and prepares reports on complex financial data for the reconciliation of specialized benefit accounts regarding health insurance and flexible spending accounts and other benefit programs administered by the Kentucky Personnel Cabinet.
• Develops and maintains benefits financial schedules for management, auditors, legislators, and internal departmental staff.
• Assists in the Annual Financial Audit and Financial Closing Package for DEI.
• Prepares various eMARS documents including but not limited to cash receipts, manual disbursements, journal vouchers, and Purchased/Referred Care (PRC) documents.

Benefits

• A 37.50-hour work week
• Paid time off (sick and vacation) and paid holidays
• Training and career development opportunities
• A variety of affordable health, dental and vision insurance options, as well as flexible spending accounts
• Life insurance
• Retirement
• Optional deferred compensation program (pre-tax and post-tax options - 401K, 457b and IRA)
• Wellness incentive programs
• Employee discounts on electronics, health & wellness, retail, travel, events, entertainment, services and education

What This Job Offers

• Job Type: Full-time
• Career Level: Executive