Benefits Analyst II Invoicing Specialist
Benefits Analyst II Invoicing Specialist
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$ 52275 - 101475
1 Vacancy
Job Description
Position Overview:
GEICO is seeking a Benefits Analyst II Invoicing Specialist to join our People Group. This role will be responsible for reviewing and coordinating approvals for invoices related to Geicos Health and Wellness (H&W) vendor partners and contracts. This role requires a keen eye for detail strong analytical skills and a thorough understanding of contracts invoicing and billing procedures. In addition you will assist the team and peer groups with special projects to support companywide strategic initiatives.
Job Responsibilities:
Invoicing Process and Payment Management (Daytoday functions)
- Review and verify invoices for accuracy completeness and compliance with contract terms.
- Process invoices accurately and efficiently ensuring all billed items are supported by appropriate documentation and approvals.
- Collaborate with managers other team members to process invoices and billing in a timely manner
- Reconcile vendor statements and promptly address inquiries regarding payments outstanding balances and discrepancies. Communicate with vendor contacts as necessary.
- Maintain accurate records of all reviewed invoices and related documentation.
- Assist in the preparation of reports and summaries for management review.
- Collaborate with the finance and accounting teams to ensure timely processing of payments.
- Review supplier data change requests to ensure accuracy and completeness of documentation
- Assist with monthend and yearend closing processes.
- Other duties as assigned
Vendor & Compliance Management (Daytoday functions)
- Maintain accurate vendor records including tax information and banking details ensuring compliance with internal and external contract processes.
- Work closely with procurement accounting and treasury teams to resolve vendor concerns and invoice discrepancies
- Ensure compliance with financial regulations internal controls and company policies.
- Assist in internal and external audits by providing accurate AP records and documentation.
Automated Accounts Payable Functions (Process improvement functions)
- Document Management: Implement and maintain an electronic document storage system for secure and efficient retrieval of AP records. Develop and implement automation solutions to streamline invoice processing and payment workflows.
- Digital Approval Workflow: Manage automated invoice approval workflows ensuring invoices are routed to the correct approvers based on predefined rules to accelerate processing.
- Monthly Reconciliation Report: Prepare a comprehensive and accurate monthly invoicing reconciliation report for team use achieving 100 accuracy and delivering it within the first week of each month.
- Timely Invoicing: Process monthly invoices for assigned accounts with precision reconciling campaign statistics and adhering to clientspecific instructions.
Minimum Requirements:
- Experience: Minimum of 4 years of experience in invoice review and processing. Demonstrated experience in financial analysis financial management and financial reporting support at a large employer. Strong understanding of contracts billing procedures and compliance requirements. Experience with benefits administration benefits strategy and benefits design is a plus.
- Education: Graduation from an accredited college or university with a Bachelors Degree in Accounting Finance Business Administration Management or a related field.
- Skills: Strong analytical skills to manage large data volumes understand and produce trends with commentary. Advanced skill in Microsoft Office Suite (Excel PowerPoint etc.. Excellent communication skills and ability to articulate complex issues concisely ability to multitasking and prioritizing. Strong track record of meeting challenging deadlines ability to work independently and as part of a team.
LOCATION:
Hybrid 3 days/week onsite
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Annual Salary
$52275.00 $101475.00The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include but are not limited to the scope and responsibilities of the role the selected candidates work experience education and training the work location as well as market and business considerations.
Benefits:
As an Associate youll enjoy our Total Rewards Program* to help secure your financial future and preserve your health and wellbeing including:
- Premier Medical Dental and Vision Insurance with no waiting period**
- Paid Vacation Sick and Parental Leave
- 401(k) Plan
- Tuition Assistance
- Paid Training and Licensures
*Benefits may be different by location. Benefit eligibility requirements vary and may include length of service.
**Coverage begins on the date of hire. Must enroll in New Hire Benefits within 30 days of the date of hire for coverage to take effect.
The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race color religious creed national origin ancestry age gender pregnancy sexual orientation gender identity marital status familial status disability or genetic information in compliance with applicable federal state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.
GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.
Required Experience:
IC
Employment Type
Full-Time
