Voya Financial

Billing Specialist

Voya Financial

full-time

Posted on:

Location: 🇺🇸 United States

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Salary

💰 $42,690 - $53,360 per year

Job Level

Junior

About the role

  • Provides processing and case management for billing groups including billing and premium journalizing functions on Employee Benefits Group, Voluntary and Stop Loss clients.
  • Specializing in Self-Administered and/or Detail billing method(s).
  • Manages assigned accounts to meet suspense entry and collections standards.
  • Partners closely with Sr. Billing Specialist to identify and resolve billing issues.
  • Role assigned to process group payments (Group, Voluntary, LTD/STD and Compass cases with data file support in place).
  • Required to reconcile or audit assigned groups to determine any payment variances.
  • Working closely with Senior Billing Specialist regarding reconciliation issues and premium activity.
  • Monitors assigned accounts to ensure that accounts are billing correctly, and that premium received is applied in a timely manner: process and verify that clients are paying correct rates and/or premium processing refunds
  • Research discrepancies and notifies clients of any outstanding dues and credits
  • Advanced Excel skills including combining of files, pivot tables, and trend analysis.
  • Performs research and analysis of reconciliation variances to accounts and takes appropriate action to resolve variances.
  • Prepares spreadsheets and statements for internal and external customers as requested.
  • Provide detailed financial support to all functional areas relative to premium reconciliation.
  • Audit accounts as requested by internal or external customers, or as indicated by account activity.
  • Review monthly financial, suspense, collections, commissions, and variance reports taking necessary action for correction.
  • May participate in an annual audit of premiums paid.
  • Manages missed deductions for customers.
  • Provides Training and mentoring to team members.
  • Other duties as assigned.

Requirements

  • High School Diploma or GED
  • 1 to 3 years relevant work experience in Billing, Accounting or Benefits Administration.
  • Ability to utilize critical thinking to problem-solve complex billing issues.
  • Detailed understanding of the billing and premium reconciliation process.
  • Strong Excel skills – ability to create pivot tables.
  • Excellent verbal and written communication abilities
  • Ability to learn and adapt to changing technology.
  • Strong mathematical, analytical and writing skills.
  • Excellent time management and organizational, follow-up and follow through skills.
  • Demonstrated drive for superior service both internally and externally.
  • Ability to balance numerous priorities and deadlines while maintaining professionalism.
  • Ability to work independently and as art of an internal and external team.
  • Preferred: Bachelor’s degree
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