Manager II, AP/AR

Position Summary

This position is directly involved in the daily operations of the Customer Cash Receipts Unit within the Treasury Operations department. This position requires the ability to manage a high volume, fast-paced area, and the ability to work within tight time constraints. This is a mobile position, and you will be required to go into the Hingham office two days a week.

Key Accountabilities

• Aid in managing the Customer Cash Receipts unit to ensure that all premium, ASC and miscellaneous receipts in excess of $14 billion annually, are deposited and recorded in a timely manner. This includes constant communication with banks and internal customers.
• Balance and reconcile the stop loss receipts to ensure they are applied timely and accurately as part of the month-end Oracle close.
• Review and respond to emails related to the stop loss cash application processing.
• Balance and reconcile the monthly CMS, HCR, and Federal exchange files to ensure cash receipts are processed timely and accurately.
• Participate in HCR and Federal Exchange workgroups as a subject matter expert.
• Act as bank liaison; reporting service issues and resolving any depository or lockbox variances.
• Balance the daily ASC and RTMS cash receipts, prepare and record the corresponding monthly journal entries.
• Interact with Corporate Accounting and Audit and Controls to ensure that the integrity of the work is performed in accordance with generally accepted accounting standards.
• Represent the Cash Receipts Unit on cross-functional teams including internal areas such as Customer Financial Management & Accounting.
• Participate in monthly meetings with Director and Associate Director of CFM and Associate Director of Accounting Monitor inventory, manage resources, document trends, and shift staffing levels as necessary.
• Manage projects simultaneously along with day-to-day operations. Act as subject matter expert for Frontier.
• Execute quick decisions related to critical processing issues within tight time frames, assemble all available facts and make sound judgment in the absence of detailed instructions.
• Manage a fast-paced high-volume operational area which consists of 7 Associates. Display an effective, productive management style by providing proper direction and ensuring accountability for results. Foster an atmosphere of collaborative teamwork within the department. Promote and foster diversity and inclusion.

Qualifications

• Strong understanding and working knowledge of multiple systems and platforms including but not limited to, TPS, RTMS, Oracle Financials, and Frontier.
• Requires extensive knowledge of CMS, HCR, and Federal exchange processes.
• Demonstrated strong interpersonal skills and ability to work effectively in a fast-paced, collaborative environment.
• Effective planning and facilitation of meetings and workgroups.
• Strong communication skills.
• High degree of initiative; team player.
• Results-oriented; willing to do whatever is necessary to get the job done.
• High degree of professionalism; ability to effectively interact with all levels of an organization.
• Strong PC skills (Word, Excel, PowerPoint, and Access).

Education/Relevant Experience

• BA/BS degree preferred.
• Accounting or Cash Management background preferred.
• Minimum Education Requirements: High school degree or equivalent required unless otherwise noted above.

Location

Hingham

Time Type

Full time

Pay

$101,610.00 - $124,190.00

Benefits

• Paid time off
• Medical/dental/vision insurance
• 401(k)
• Suite of well-being benefits

Note

No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

WHY Blue Cross Blue Shield of MA?

We understand that the confidence gap and imposter syndrome can prevent amazing candidates coming our way, so please don’t hesitate to apply. We’d love to hear from you. You might be just what we need for this role or possibly another one at Blue Cross Blue Shield of MA. The more voices we have represented and amplified in our business, the more we will all thrive, contribute, and be brilliant. We encourage you to bring us your true colors, your perspectives, and your experiences. It’s in our differences that we will remain relentless in our pursuit to transform healthcare for ALL.

Company Culture

We are committed to investing in your development and providing the necessary resources to enable your success. Learn how we are dedicated to creating an inclusive and rewarding workplace that promotes excellence and provides opportunities for employees to forge their unique career path by visiting our Company Culture page.

Work/Life Balance

If this sounds like something you’d like to be a part of, we’d love to hear from you. You can also join our Talent Community to stay “in the know” on all things Blue. At Blue Cross Blue Shield of Massachusetts, we believe in wellness and that work/life balance is a key part of associate wellbeing. For more information on how we work and support that work/life balance visit our "How We Work" Page.