Cash Disbursement Analyst

Blue Cross Blue Shield of Michigan•Lansing, MI

About The Position

Responsible for initiating, printing, and distributing general disbursements across the enterprise; completing routine general ledger entries; researching and updating payee information; supporting daily cash management; and preparing daily disbursement reporting. Contacts include enterprise employees, claimants, policyholders, enterprise vendors, the Blue Cross Blue Shield cash management team, and bank liaisons. The role balances, validates, prints, and distributes disbursements; processes daily, monthly, and quarterly ACH transactions and wires; handles cash-position reporting; completes routine journal entries; researches checks and policy payments; supports unclaimed-property processes; responds to check-status and check-copy requests; performs ad hoc queries; tests check-printing software; and maintains data accuracy and confidentiality. Work is performed in an office setting with no unusual hazards.

Requirements

High school diploma or GED.
Minimum of an associate degree in accounting; relevant education and work experience combinations may be considered in lieu of credit hours.
At least three years of experience in accounts payable, general ledgers, and financial reporting systems, or equivalent work providing the necessary skills, knowledge, and abilities; alternatively, a bachelor's degree in accounting or finance and one year of relevant experience.
Ability to perform mathematical calculations and proofread documents for calculation accuracy.
Effective organizational skills and ability to prioritize work.
Effective oral and written communication skills.
Basic knowledge of general accounting and bookkeeping methods, including journal entries, general ledger accounts, and cost center structures.
Basic knowledge of word processing, database applications, and other desktop software.
Knowledge of spreadsheet applications.
Ability to enter alphanumeric data accurately and meet established deadlines.
Ability to use diplomacy, discretion, and appropriate judgment when addressing callers.

Responsibilities

Balance, validate, print, and distribute general disbursements for the enterprise.
Perform daily, monthly, and quarterly ACH transactions and wires, including inter-company payments, vendor payments, and employee expense reimbursements.
Determine the number of accounts payable checks issued for Accident Fund General and Accident Fund National disbursements and request amounts to be swept between companies.
Request and verify check stop-payment and void requests with banking institutions for refunds, accounts payable, dividends, commissions, and profit-sharing checks.
Create daily cash-position reports for management for each operating unit and maintain detailed enterprise cash-position spreadsheets.
Execute routine general ledger journal entries, including cash entries, loss payment entries, stops and voids, adjusting entries, and reclassifying entries for accounts payable disbursement checks.
Research enterprise checks and update daily check status in Web series.
Issue required correspondence to payees regarding unclaimed property and extract outstanding-check information from Web series for unclaimed-property reporting.
Update and check the status of outstanding checks in Tracker and assist with unclaimed-property inquiries from reporting states.
Respond to internal and external requests regarding check status and check copies.
Research policyholder payments in Waypoint and request policy payment checks from banking institutions for refund research.
Complete ad hoc queries of ancillary systems.
Test check-printing software and Web series when updates or changes are made.
Maintain and verify data accuracy in ancillary systems and maintain confidentiality of processed information.