Health Benefits Accountant or Senior
The Health Benefits Accountant is responsible for performing financial accounting work for TRS’s Health division. The incumbent will track and maintain health care related financial activities, provide data and reports on health care finances, calculate and submit accounting entries and reconciliations. This position will proactively work with the Health Finance team, Health staff, and agency employees.
The Senior Health Benefits Accountant is responsible for overseeing and producing healthcare benefits financial and accounting work. The incumbent will be responsible for developing and monitoring health care related financial reports, prepare, review, and analyze various financial or benefit payment related reports, and perform complex accounting entries and reconciliations. This position proactively works with the Health Benefits Accounting team, Health staff, and agency employees.
This a primarily remote position that will occasionally require the selected applicant to report to the TRS offices, located in Austin, TX, based on business needs. All applicants must reside in the state of Texas upon employment and continue to reside in Texas throughout employment with TRS.
Position posted at two levels (Health Benefits Accountant and Senior Health Benefits Accountant). Selected applicant will be offered the position level that most closely matches their education and experience.
Salary Range
Health Benefits Accountant: $73,790 – $92,237 Annually
Senior Health Benefits Accountant: $89286 – $111,608 Annually
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WHAT YOU WILL DO:
Health Care Related Financial Activities
• Reviews TRS Care and TRS ActiveCare invoices for accuracy and compliance and routes for approvals.
• Tracks and reports payments to all health care vendors.
• Maintains clear lines of communication with external vendors and the internal TRS payables team.
• Monitors funds due from vendors to ensure that money is collected in a timely manner.
• Calculates and prepares IRS tax forms for the Affordable Care Act.
• Provides data for the Comprehensive Annual Financial Report.
• Maintains and develops procedures for vendor payments to comply with agency policies.
Accounting Entries and Reconciliations
• Calculates and submits month and year-end accrual entries to TRS’s General Accounting group.
• Reconciles internal Health records to revenue and expense accounts in the general ledger.
• Submits correcting accounting entries when necessary.
• Participates on accounting related agency committees and special projects as assigned.
• Prepares monthly reconciliations on claim payment accuracy. (Senior)
• Prepares quarterly reconciliations on prescription drug rebate revenue accuracy. (Senior)
Data Query and Analysis (Senior)
• Designs and executes SQL queries in the Health Data Warehouse to extract data to be analyzed and reconciled.
• Analyzes current and historical Health financial reports to identify trends among key metrics and recommend actions.
• Develops process improvements to streamline report writing for efficiency.
• Explains variances in key metrics to make informed recommendations.
• Prepares and analyzes budgets comparing planned budget against the actual results.
Financial Statements and Reporting (Senior)
• Develops and prepares regular and special financial analyses, schedules, and related financial reports for budgetary and administrative use, to ensure complete and accurate financial planning and reporting.
• Coordinates the Annual Comprehensive Annual Financial Report (ACFR) preparation and audit.
• Coordinates with staff and external vendors to identify cost-saving measures and increase revenue.
• Coordinates and tracks healthcare claims and administrative fee invoices for payment.
• Researches and compiles ad hoc financial accounting reports and/or analysis.
• Performs related work as assigned.
WHAT YOU WILL BRING:
Required Education
• Bachelor’s degree from an accredited college or university in accounting, finance or a closely related field.
• High school diploma or equivalent and additional full-time experience in accounting, financial statement preparation, financial analysis, or related experience requiring compilation, reconciliation, and/or analysis of detailed financial information or similarly related experience may be substituted on an equivalent year-for-year basis.
• A master’s degree or doctoral degree in a directly related field may be substituted on an equivalent year-for-year basis.
Required Experience
• Four (4) years of full-time directly related, progressively responsible experience in accounting, financial statement preparation, financial analysis, or related experience requiring compilation, reconciliation, and/or analysis of detailed financial information.
• Six (6) years of full-time directly related, progressively responsible experience in accounting, financial statement preparation, financial analysis, or related experience requiring compilation, reconciliation, analysis of detailed financial information or similarly related experience. (Senior)
Preferred Qualifications
• Recent experience in accounting, business finance, auditing, or actuarial services.
• Advanced degree in accounting, finance, or closely related field. (Senior)
• CPA or working towards passing CPA examination. (Senior)