Payment Processing Analyst

Premera Blue Cross

Payment Processing Analyst responsible for payment receipt processing and financial transaction management at Premera. Collaborating with various departments for compliance and efficiency improvements.

Posted 7/9/2026full-timeMountlake Terrace • Washington • 🇺🇸 United StatesMid-LevelSenior💰 $47,400 - $71,100 per yearWebsite

About the role

Key responsibilities & impact

Accurately record all payment processing transactions.
Analyze and interpret accounting data to ensure appropriate coding and recording of transactions.
Process financial transactions to include PBC splits and transfers.
Use bank portals and company systems and processes for decisioning and allocation of payments.
Execute direct debit transactions from group accounts, to include FEP/OPM drawdowns, as directed.
Partner with various departments throughout the Premera Group companies on questions and issues related to payment processing and overpayment (refund) transactions.
Identify and address opportunities for process improvements and efficiency gains.
Use finance best practices to design, develop, and implement policies and procedures.
Build and maintain databases regarding member mailings and communications.
Perform work in compliance with federal and state regulations.
Backup Senior Analyst as needed.
Perform other duties as assigned.

Requirements

What you’ll need

An associate’s degree in business or accounting or 2 years of relevant experience. (Required)
Three (3) years of production accounting or payment processing experience. (Required)
Proficiency with Excel, Word, and other Microsoft applications. (Required)
In addition to a standard background check, this position requires a credit check.
Experience in Workday or similar application. (Preferred)
Experience in payment receipts applications. (Preferred)

Benefits

Comp & perks

Medical, vision, and dental coverage with low employee premiums.
Voluntary benefit offerings, including pet insurance for paw parents.
Life and disability insurance.
Retirement programs, including a 401K employer match and a pension plan that is vested after 3 years of service.
Wellness incentives with a wide range of mental well-being resources for you and your dependents, including counseling services, stress management programs, and mindfulness programs.
Generous paid time off to reenergize.
Tuition assistance for both undergraduate and graduate degrees.
Employee recognition program to celebrate anniversaries, team accomplishments, and more.
On-campus model provides flexibility to create your own routine with access to on-site resources, networking opportunities, and team engagement.
Free convenient on-site parking.
Subsidized on-campus cafes make lunchtime connections with colleagues fun and affordable.
Participate in engaging on-site activities such as health and wellness events, coffee connects, disaster preparedness fairs, and more.
Complementary fitness & well-being center offers both in-person and virtual workouts and nutritional counseling.

ATS Keywords

✓ Tailor your resume

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

Accounting Data AnalysisTransaction RecordingFinancial Transaction ProcessingPBC Splits ProcessingDirect Debit TransactionsProcess ImprovementPolicy DevelopmentDatabase Management

Soft Skills

Interdepartmental CollaborationProblem Solving

Certifications

Associate's Degree In BusinessAssociate's Degree In Accounting