Claims Trust Accounting Coordinator

People Corporation•Toronto, ON

11d•CA$43,000 - CA$48,000

About The Position

The Claims Trust Accounting Coordinator is responsible to support the Trust Accounting function as it relates to ASO and carrier claims functions including but not limited to: Daily claims EFT processes, Monthly claims payment reconciliations and billing for ASO and carrier funding, Health Care Spending Account / Cost Plus Trust Accounting processes and daily reconciliation of cleared / returned items on claims bank accounts.

Requirements

Formal education in accounting at the undergraduate level or an equivalent level of knowledge gained through work experience directly in accounting.
Experience in insurance, group benefits and/or third party administration preferred.
Proficiency in MS Office applications including; Word, Excel, and Outlook
Advanced Excel skills and ability to work with large amounts of data and existing spreadsheets and tracking documents
Commitment to meeting objectives and required timelines
Adaptable; actively embraces and manages change
Strong analytical skills

Responsibilities

Generate daily EFT payment reports for review/approval from Adjudicare for all relevant business lines
Where necessary, daily funding of claims payment bank accounts for issued cheque and EFT payments.
Monthly reconciliation and billing of ASO and carriers for claims issued from Adjudicare for all relevant business lines.
Daily reconciliation of cleared payments through the claims payment bank accounts to identify inaccurate, duplicate, fraudulent and returned payments.
Coordination with Claims team to verify payment status in claims bank accounts for stop payment requests / void claims payments in Adjudicare.
Provide information to Trust Accounting Analysts to assist with monthly bank reconciliations for claims bank accounts.
Periodic analysis for unclaimed property (uncashed cheques, returned EFT items that have not been resent to members, etc) in accordance with provincial legislative or carrier requirements.
Management of stop loss payments of carriers and application to BASO reports / refund to plan sponsors as directed.
Administer Trust Accounting processes for Health Care Spending Accounts (HCSA) and Cost Plus groups.
Prepare SAGE entries, ad-hoc reports and reconciliations as required.
Work with other Trust Accounting team members on cross functional tasks and projects as required.