Note: The job is a remote job and is open to candidates in USA. CareFirst BlueCross BlueShield is a health insurance company, and they are seeking a Settlements Analyst Intern to support their Financial Accounting Department. The intern will be responsible for invoicing and accounts receivable activities, preparing claim settlements, and providing customer service related to client invoices.
Responsibilities
- Help prepare (weekly/monthly/annual) claim settlements associated with special funding arrangements for assigned accounts, including submission of required reporting
- Provide assistance to technical support staff and management in the resolution of issues that may impact timely client invoice/payment notification and/or client submission of funds to fulfill funding arrangements
- Assist with preparation of the annual Employee Retirement Income Security Act (ERISA), Form 5500, Schedule C, and ensure timely account distribution
- Provide support to the month-end accounting close through the accurate and timely analysis of settlement activity
- Accurately apply cash receipts to the appropriate client invoices and analyze the respective balances
- Complete journal entries to the general ledger for financial reporting
- Provide customer service to internal and external customers including explaining all invoice items and answering questions about account balances
- Participate in special projects aimed at process improvements and/or enhancement of existing business practices including those internal to the Settlements department, and those that may impact other departments (e.g. Finance, Underwriting)
Skills
- Working towards a Bachelors degree from an accredited college or university
- Junior or Senior students seeking degrees in Accounting or Finance
- Cumulative GPA of 3.0 or above
- Ability to work independently and as part of a team
- Must be reliable, hardworking and have a strong work ethic
- Attention to detail and excellent analytical and problem-solving skills
- Excellent written and verbal communication skills
- Interpersonal skills including the ability to build consensus and agreement and bring issues to resolution
- Excellent organizational skills and ability to multi-task and reprioritize work, as necessary
- Must have strong skills with Microsoft Excel (Intermediate/Advanced Level)
- Experience in Accounting, billing and/or bookkeeping
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