A bachelor's degree in Finance, Accounting, or another quantitative field is required.
One to three years of Treasury or Finance operations experience is required.
One to three years of financial analysis and/or forecasting experience is required.
Knowledge and understanding of cash management operations and banking products and services are required.
Advanced Microsoft Excel and Access skills are required.
Candidates must be able to meet the role's physical requirements, including standing for up to six hours a day; sitting in a sedentary position for up to six to eight consecutive hours; lifting, pushing, or pulling up to 50 pounds; bending or squatting; safely using stairs and walking to access work areas; demonstrating agility and fine motor skills to operate equipment and perform tasks such as typing; reading and accurately typing or writing documentation; listening attentively and documenting information accurately; speaking clearly so customers understand; and demonstrating decision-making, reasoning, and analytical ability.
Responsibilities
Perform day-to-day Treasury functions as directed by the Manager, including cash deposits.
Work with the Accounting team on bank reconciliations and the month-end close process.
Assist in implementing a bank reconciliation automation process through Workday.
Review financial transaction details from past, present, and forecasted operations and identify opportunities for development and improvement.
Assist the Manager with administering all bank accounts, including completing paperwork and collecting signatures.
Follow up with the Manager on banking exceptions and cash-related discrepancies in a timely and efficient manner.
Assist the Manager with tracking and monitoring cash inflows, outflows, and balances for every account across all entities; identify potential fraud, waste, and abuse and work with stakeholders to mitigate risks and resolve issues.
Implement and operationalize workflows for new and changed provider banking information, adhering to the organization's electronic funds transfer policy and procedures, including secondary verification for each new or changed setup.
Implement and operationalize the Provider Stop Payment Policy and Procedures, working with Finance areas and the Provider Relations team to ensure transactions are addressed and resolved.
Maintain and update provider payment data in Care Compass and work with PPi to ensure its accuracy.
Maintain and update the stop payment tracker and work with the Provider Relations team to resolve each transaction.
Assist the Manager in overseeing PPi updates to provider payment information to ensure policies and procedures are followed.
Ensure adherence to organizational policies and procedures to prevent fraud, waste, and abuse.
Perform monthly RAMP credit card analysis and work with Procurement and Accounts Payable to ensure expenses are coded appropriately.
Generate monthly investment holdings and investment holdings performance analyses for all CenterLight entities.
Assist the Manager in preparing weekly cashflow reporting for all entities, including allocation of funds between entities.
Respond to internal and external auditor inquiries in a timely manner and provide supporting documentation as needed.
Maintain the integrity of cashflow information and comply with generally accepted accounting principles and applicable New York State Department of Health and Centers for Medicare & Medicaid Services financial reporting standards.
Manage the annual Treasury budget and forecast future expenses.
Approve all Treasury-related vendor expenses.
Create the Treasury portion of the Finance Department budget by forecasting Treasury expenses during the budget review process.
Manage costs by analyzing variances between forecasted and actual expenses.
Perform ad hoc analysis and other duties as assigned.
Desired Qualifications
One to three years of Managed Care (Medicaid and Medicare) Finance experience is preferred.
Experience with SQL, SAS, or data analytics is strongly preferred.
Experience with Workday or Oracle Financial is strongly preferred.
JOB PURPOSE:
The Treasury and Provider Payment Analyst will perform day-to-day cashflow operations including update/change to provider payment information, assist with cashflow forecasting and banking reconciliations and reporting for all CenterLight entities. The position will assist Manager in ensuring the adherence to DOH and CMS guidelines and to prevent fraud, waste, and abuse (FWA).
JOB RESPONSIBILITIES:
Treasury responsibilities:
Perform day-to-day Treasury function as directed by Manager, including cash deposits.
Work closely with Accounting team in bank reconciliations and month-end close process.
Assist in the implementation of bank reconciliation automation process through Workday.
Review financial transaction details from past, present, and forecasted operations; identify development opportunities and improvements that can be made.
Assist Manager in the administration of all bank accounts, including completing paperwork and collecting signatures.
Assist Manager with following-up on banking exceptions and various cash related discrepancies timely and efficiently.
Assist Manager with tracking and monitoring cash in/out and balances for every account across all entities. Identify potential FWA (fraud, waste and abuse) and work with key stakeholders to mitigate risks and resolve issues.
Provider payment information integrity to prevent potential fraud, waste, and abuse (FWA):
Implement and operationalize workflow for new provider banking information as well as change to provider banking information by strictly adhering to the organization’s EFT Policy and Procedures, including confirming secondary verification for any new and change set-up.
Implement and operationalize the Provider Stop Payment Policy and Procedures, working with other Finance areas and Provider Relations team in making sure all transactions are addressed and resolved.
Maintain and update provider payment data in Care Compass and working with PPi to ensure its accuracy.
Maintain and update stop payment tracker and working with provider relations team to resolve each transactions.
Assist manager in overseeing PPi update to provider payment information to ensure that policy and procedures are followed.
Ensure the adherence of organization’s policy and procedures to prevent FWA (fraud, waste and abuse).
Reporting and analysis:
Perform monthly RAMP credit card analysis and work with Procurement and AP team to ensure all expenses are coded appropriately.
Generate monthly CenterLight investment holdings and CenterLight investment holdings performance analysis for all entities.
Assist Manager in preparing weekly cashflow reporting for all entities, including allocation of funds between entities.
Assist with responding to internal and external auditor inquiries timely and provide supporting documentation as needed.
Ensure the integrity of cashflow information and comply with generally accepted accounting principles (GAAP) and/or statutory (NYS DOH and CMS) financial reporting standards.
Manages the Treasury annual budget and forecasts future expenses.
Approve all Treasury-related vendor expenses.
Create the Treasury portion of the Finance Department Budget during the budget review process by forecasting Treasury Expenses
Manage costs by analyzing variances between forecasted and actual expenses.
Perform ad-hoc analysis and/ or other duties as assigned.
Schedule: 8:30AM – 5:30PM
Weekly Hours: 40
QUALIFICATIONS:
Education: Bachelor’s Degree in Finance, Accounting, or other quantitative field.
Experience:
1-3 years of Treasury/Finance operations experience is required.
1-3 years of Managed Care (Medicaid and Medicare) Finance experience is preferred.
1-3 years of financial analysis and/or forecasting experience is required.
Cash management operations, technical knowledge and understanding of banking products and services.
Advanced MS Excel and Access skills.
Experience with SQL, SAS or data analytics is strongly preferred.
Experience with Workday or Oracle Financial is strongly preferred.
Highly organized with an attention to details. The ability to adapt to and lead change in a business environment is also critical.
Excellent oral and written communications, interpersonal, research analysis, and problem-solving skills.
Ability to take initiative and work independently in identifying and meeting business needs.
Physical Requirements
Individuals must be able to sustain specific physical requirements essential to the job. This includes, but is not limited to:
Standing – duration of up to 6 hours a day
Sitting/Stationary positions – sedentary position for a duration of up to 6-8 hours a day for consecutive hours/periods.
Lifting/Push/Pull – up to 50 pounds of equipment, baggage, supplies, and other items used in the job scope using OSHA guidelines, etc.
Bending/Squatting – have to be able to safely bend or squat to perform the essential functions under the scope of the job.
Stairs/Steps/Walking/Climbing – must be able to maneuver stairs safely, climb up/down and walk to access work areas.
Agility/Fine Motor Skills - Must demonstrate agility and fine motor skills to operate and activate equipment, devices, instruments, and tools to complete essential job functions (i.e., typing, use of supplies, equipment, etc.)
Sight/Visual Requirements – must be able to read documentation, papers, orders, signs, etc., and accurately type/write documentation, etc.
Audio Hearing and Motor Skills (language) Requirements – must be able to listen attentively and document information from patients, community members, co-workers, clients, providers, etc., and intake information through audio processing with accuracy. In addition, one must be able to speak comfortably and clearly with language and motor skills for customers to understand an individual.
Cognitive Ability – Must be able to demonstrate good decision-making, reasonableness, cognitive ability, rational processing, and analysis to satisfy essential functions of the job.
Disclaimer:Responsibilities and tasks outlined in this job description are not exhaustive and may change as determined by the needs of the company.
We are an affirmative action and equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, height, weight, or genetic information. We are committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities.
Salary Range (Min-Max):
$66,300.00 - $72,000.00
Every application is reviewed by our recruitment team. We do not use AI to make hiring decisions or automatically reject applicants. All employment decisions are based on job-related qualifications and applicable employment laws.