Escheatment Accountant

Cambia Health Solutions • Portland, OR

1d • Remote

About The Position

Every day, Cambia’s dedicated team of Escheatment Accountant is living our mission to make health care easier and lives better. As a member of the Payables team, our Escheatment Accountant maintains control over the disbursements of Company payments ensuring the safeguarding of Corporate funds – all in service of creating a person-focused health care experience. Do you have a passion for serving others and learning new things? Do you thrive as part of a collaborative, caring team? Then this role may be the perfect fit.

Requirements

• High school degree and 2 years of general accounting, accounts payable or disbursement accountant experience and completion of introductory college level accounting classes, or combination of education and experience.
• Experience using a variety of personal computer software applications to perform accounting functions.
• Experience should include Intermediate to Advanced Excel, Word, email and calendaring software, as well as payables ERP systems such as PeopleSoft, Oracle, Workday, et al.
• Knowledge of mathematics to make simple calculations; general office practices and procedures; and operating expense and cost allocation coding
• Process detailed data in an accurate manner
• Operate 10-Key by touch
• Apply mathematical principles
• Exercise sound judgment and discretion in confidential matters
• Identify and prioritize workload to meet deadlines with minimal supervision and demonstrated multi-tasking capability
• Communicate effectively, both orally and in writing, with all levels both internally and externally
• Provide excellent customer service both internally and externally
• Employees must have a wired internet connection that is not satellite or cellular and internet service with a minimum upload speed of 5Mb and a minimum download speed of 10 Mb.
• New hires will need access to a personal mobile device to set up Multi-Factor Authentication (MFA) upon joining the company.

Nice To Haves

• Experience with AI tools and technologies to enhance productivity and decision-making in professional settings highly desired

Responsibilities

• Researches state rules and regulations related to abandoned property due process, research requirements, documentation, filings, etc.
• Recommends process changes to management as needed to meet state-specific requirements.
• Analyzes outstanding check data for accuracy, makes appropriate corrections to ensure we reissue or escheat the accurate payments and ultimately protect corporate funds.
• Executes/Manages the issuance of due diligence letters, takes inquiries to same, and reissues checks as necessary, as required by each specific state regulation.
• Maintains detailed reports of claims payments per prescribed methodology to ensure correct financial information is available for use in submitting reports to governing bodies.
• Sends monthly stale dated letters to payees.
• Monitor and take calls from same and reissue checks as appropriate.
• Maintains check control logs and claims balancing information in accordance with departmental processes and protocols.
• Researches outstanding issues, places stop payment orders, and generates replacement payments as necessary.
• Applies payable best practices and generally acceptable practices and protocols to all payment requests reviewing submitted documentation for completeness, accuracy, and appropriate approvals.
• Prepares state filings inclusive of all required documentation and voucher check requests to meet state-specific filing and payment requirements and deadlines, including escheatment trending for management review prior to filing (includes three years of filings)
• Utilizes workflow or other technologies as appropriate to research outstanding issues and void, or void and reissue payments as appropriate.
• Update applicable systems to ensure other areas within the organization can effectively research and resolve outstanding questions from customers, members, business partners, etc.
• Utilizes imaging and data depository systems to respond to research inquiries and requests.
• Creates and maintains a record of voided checks and check tracers for informational retrieval and audit purposes.
• Adhere to MAR and SOC1 controls.
• In addition, complete quality assurance reviews in support of departmental controls
• Perform all reviews and audits as directed by department policy and procedures reporting findings as prescribed.
• Meets or exceeds all stated performance production metrics, both in quantity and quality of output.

Benefits

• Medical, dental and vision coverage for employees and their eligible family members, including mental health benefits.
• Annual employer contribution to a health savings account.
• Generous paid time off varying by role and tenure in addition to 10 company-paid holidays.
• Market-leading retirement plan including a company match on employee 401(k) contributions, with a potential discretionary contribution based on company performance (no vesting period).
• Up to 12 weeks of paid parental time off (eligibility requires 12 months of continuous service with Cambia immediately preceding leave).
• Award-winning wellness programs that reward you for participation.
• Employee Assistance Fund for those in need.
• Commute and parking benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED