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Associate Financial Analyst
Posted on 1/14/2023
Des Moines, IA, USA
Experience Level
Desired Skills
  • Bachelor's degree in accounting, finance, business or related field, or direct and equivalent work experience
  • 2+ years demonstrated experience in benefit processing, funding arrangements, enrollment, quality or billing operations, or in underwriting
  • High-level understanding and knowledge of accounting concepts, billing and payment policies and procedures, departmental HIPAA guidelines, data structure and systems
  • High-level understanding of different financial arrangements for fully insured, self-funded, controlled self-funded, minimum premium, and maximum liability groups. Full understanding of stop loss contract administration including outside stop loss arrangements
  • Solid experience in MS Office Suite, specifically Microsoft Excel experience (including formulas, pivot tables, etc.). Experience in pulling reports from Business Objects; developing queries in the system to extract data
  • Demonstrated ability to use critical thinking skills, manage multiple processes, work under pressure to meet timelines and accuracy guidelines or initiatives, and take ownership
  • Demonstrated strong interpersonal skills with the ability to build relationships of collaboration and trust
  • Ability to work with and actively protect confidential information and data
  • Demonstrated ability to identify issues or inconsistencies and recommend alternative solutions
  • Ability to guide and train others on rating concepts and processes
  • Wellmark experience with working knowledge of Facets
  • Need to have a natural propensity for quality and research. Ability to educate and influence/be diplomatic
  • Sitting in our Billing Operations space, the Associate Financial Analyst will be responsible for the process of managing corporate accounts receivable with emphasis on rate set-up and configuration in Wellmark's billing systems
  • You will provide high quality and timely analysis of rates and groups set-up for all market segments within Billing Operations along with billing and accounts receivable services for various market segments (including high profile groups)
  • You will be accountable for establishing complex employer group rates in the Facets system, coordinating workloads around rates, and other related actions as well as partnering with stakeholders to educate on rating process
  • Lastly, you will be responsible for representing the department on various initiatives with emphasis on rating configuration

1,001-5,000 employees

Mutual insurance provider
Company Overview
Wellmark’s mission is to provide a broad array of high quality, accessible, affordable, and cost competitive health insurance products and services. The company is committed to delivering affordable and sustainable healthcare options by collaborating with various health-care partners to ultimately deliver a greater quality of health and life to future generations.
  • Medical and prescription drug coverage
  • Dental coverage
  • Vision plan
  • Compensation: comprised of two components: base pay or annual salary, and potential pay from the Performance Incentive Program (PIP), awarded annually when financial and customer measures are successfully achieved.
  • Financial Benefits: competitive financial benefits through a generous 401(k) savings and investment plan.
  • Educational assistance
  • Pathways to Wellness incentives
  • Employee Assistance Program
  • Time off
Company Core Values
  • Use your strengths
  • Develop your story
  • Focus your health