Payment Processing Analyst

Premera Blue Cross•Mountlake Terrace, WA

1d•$51,000 - $76,500•Hybrid

About The Position

Our purpose, to improve customers’ lives by making healthcare work better, is far from ordinary. And so are our employees. Working at Premera means you have the opportunity to drive real change by transforming healthcare. Premera is committed to being a workplace where people feel empowered to grow, innovate, and lead with purpose. By investing in our employees and fostering a culture of collaboration and continuous development, we’re able to better serve our customers. It’s this commitment that has earned us recognition as one of the best companies to work for. Learn more about our recent awards and recognitions as a greatest workplace. Learn how Premera supports our members, customers and the communities that we serve through our Healthsource blog: https://healthsource.premera.com/. This is a Hybrid Position located out of our Mountlake Terrace, WA or Spokane, WA campus, with eight days required onsite per month!!! The Payment Processing Analyst is responsible for various financial processes which include, but are not limited to, payment receipt processing and application, policy compliance and timeliness in the day-to-day administration of Payment Processing functions. The Payment Processing Analyst ensures the accurate accounting of payment and provider overpayment transactions received by Premera, both on-site and in bank lockboxes. This role requires frequent cross-functional interaction within Premera, its subsidiaries, and affiliates as well as with external vendors supporting remittance processing. The Payment Processing Analyst role requires professionalism, sound judgment, and excellent communication and consulting skills, and exhibits a commitment to excellence, initiative, innovation, adaptability, and teamwork.

Requirements

An associate’s degree in business or accounting or 2 years of relevant experience (Required)
Three (3) years of production accounting or payment processing experience (Required)
Proficiency with Excel, Word and other Microsoft applications (Required)
Experience in Workday or similar application
In addition to a standard background check, this position requires a credit check

Responsibilities

Accurately record all payment processing transactions
Analyze and interpret accounting data to ensure appropriate coding and recording of transactions
Process financial transactions to include PBC splits and transfers,
Use bank portals and company systems and processes for decisioning and allocation of payments.
Execute direct debit transactions from group accounts, to include FEP/OPM drawdowns, as directed.
Partner with various departments throughout the Premera Group companies on questions and issues related to payment processing and overpayment (refund) transactions
Identify and address opportunities for process improvements and efficiency gains.
Use finance best practices to design, develop, and implement policies and procedures
Build and maintain databases regarding member mailings and communications.
Perform work in compliance with federal and state regulations.
Backup Senior Analyst as needed.
Perform other duties as assigned.

Benefits

Medical, vision, and dental coverage with low employee premiums.
Voluntary benefit offerings, including pet insurance for paw parents.
Life and disability insurance.
Retirement programs, including a 401K employer match and, believe it or not, a pension plan that is vested after 3 years of service.
Wellness incentives with a wide range of mental well-being resources for you and your dependents, including counseling services, stress management programs, and mindfulness programs, just to name a few.
Generous paid time off to reenergize.
Looking for continuing education? We have tuition assistance for both undergraduate and graduate degrees.
Employee recognition program to celebrate anniversaries, team accomplishments, and more.
For our hybrid employees, our on-campus model provides flexibility to create your own routine with access to on-site resources, networking opportunities, and team engagement.
Commuter perks make your trip to work less impactful on the environment and your wallet.
Free convenient on-site parking.
Subsidized on-campus cafes make lunchtime connections with colleagues fun and affordable.
Participate in engaging on-site activities such as health and wellness events, coffee connects, disaster preparedness fairs and more.
Our complementary fitness & well-being center offers both in-person and virtual workouts and nutritional counseling.
Need a brain break? Challenge someone to a game of shuffleboard or ping pong while on campus.