Settlement Analyst Internm - Fall Recruitment MD/DC/VA (Remote)

Resp & Qualifications

• 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.
• Aid in the preparation of the annual Employee Retirement Income Security Act (ERISA), Form 5500, Schedule C, and ensure timely account distribution.
• Support 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).

Qualifications

• An individual working towards a Bachelors degree from an accredited college or university.
• Junior or Senior students seeking degrees in Accounting or Finance with a cumulative GPA of 3.0 or above.
• Experience in Accounting, billing and/or bookkeeping preferred.

Required Abilities/Skills

• Ability to work independently and as part of a team.
• Reliable, hardworking, and strong work ethic.
• Attention to detail and excellent analytical and problem-solving skills.
• Excellent written and verbal communication skills.
• Interpersonal skills including building consensus and agreement and bringing issues to resolution.
• Strong organizational skills and ability to multi-task and reprioritize work, as necessary.
• Strong skills with Microsoft Excel (Intermediate/Advanced Level).

Salary Range

Salary Range: $19,760 - $26,000
Salary Range Disclaimer: The hire range posted is an annual rate. All intern positions will be paid hourly.

Equal Employment Opportunity

CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

Federal Disc/Physical Demand Note

The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.

Sponsorship in US

Must be eligible to work in the U.S. without Sponsorship.