Business Analyst, Risk & Insurance

Description

Business Analyst, Risk & Insurance

US--Remote

Requisition :
Position Category: Accounting/Finance
Job Type: Unclassified Administrative
Position Type: Regular Full-Time
Posting Department: Risk Management
Posting Salary Range: $93,392 - $149,157 per year, with offer based on experience, education and internal equity
Posting FTE: 1.00
Posting

Schedule:

Monday - Friday
Posting

Hours:

8:00am - 4:30pm
HR Mission: Central Services
Drug Testable: No
Linked In Job Code: LI-JG1

Department Overview

The mission of Risk Management is to provide a comprehensive risk management program that contributes to health, safety and protection of patients, employees, faculty, students and visitors, while also protecting the OHSU's physical and financial resources. OHSU uses a combination of self-insurance and commercial insurance to fund risk of loss. Risk manages over 30 lines of insurance as well as a captive insurance company.

Claims are managed internally by experienced claims managers.

Function/Duties of Position

Payment Processing

• Confirm insurance premium payments are sent in a timely manner to avoid lapses in OHSU coverage.
• Works with claims managers and captive management on timely claims related payments via check and wire.
• Initiate and oversee wire payment requests.
• Coordinate with Facilities and other departments on Journal Entry processing for Property claim reimbursement.

Records Maintenance

• Maintains meticulous records of all department and captive insurance program financial transactions, performs bank reconciliations, and assists outside auditors with scheduled audits.
• Responsible for initiating weekly transfer with captive insurance manager for payments, including any adjustments; creating monthly reimbursement report accounting for all captive insurance company expenses; prepare annual reports for actuarial review.

Financial Support

• Prepares accurate and timely financial reports for VP/Chief Risk Officer, captive manager, OHSU departments and auditors.
• Responsible for financial interactions/activities with INSCO, CFS and Risk Management staff as outlined in payment process/procedure.
• Routine finance and accounting functions including journal entries, general ledger reconciliation and payment of invoices.
• At the direction of VP/Chief Risk Officer, communicate and obtain payment authority levels from Central Finance Services for Risk Management staff.
• Update documentation of staff payment and reserve authority levels.
• Prepares incoming checks for deposit and identifies account string that should be credited.

Budget Assistance

• Analyze three separate insurance focused Risk Management budgets and assist VP/Chief Risk Officer with budget forecasting.
• Monthly review of department budget to ensure expenditures are allocated to correct budget and line item.
• Work with Central Financial Services as needed to reconcile budget.
• Review budgetary and other financial reports for accuracy.
• Present financial reports to VP/Chief Risk Officer monthly and communicate required updates/changes with Central Finance Services and department as required.

Claims Preparation

• Work with Associate Directors to track and prepare Bordereau reports of claims to send to excess carriers.
• Manage weekly loss advice notices to insurance carriers and track acknowledgments.
• Assist with preparing documentation of claims costs for reimbursement.

Other duties as assigned.

Required Qualifications

• Bachelor's degree in accounting, Finance, Business, Insurance or 5 years of equivalent experience in insurance business operations.
• Experience working in an office environment performing fiscal assistance/accounting related tasks.
• Knowledge of administrative processes related to insurance/administrative/legal needs such as document management, ability to handle confidential information, ability to meet important deadlines.
• Familiar with risk/legal/insurance issues.
• Requires hard working team player; excellent interpersonal and organization skills; ability to work independently with minimal supervision; excellent professional judgement; ability to maintain confidentiality of sensitive information; excellent work ethic.
• Ability to multi-task, organize, and prioritize workload.
• High level knowledge of Excel (manipulate data, create graphs, pivot tables), Word, PowerPoint.

Preferred Qualifications

• Experience in property/casualty insurance, healthcare, higher education or government agency.
• Work with self-insurance or captive insurance programs.
• Familiar with operations of a mature self-insurance or captive insurance program.
• Familiarity with claims database or similar.
• Familiarity with sending out notices to insurance carriers and tracking acknowledgements.
• Insurance industry specific designation such as CPCU (Chartered Property Casualty Underwriter) or AIAF (Associate in Insurance Accounting and Finance).

Additional Details

Position is fully remote but will be required to work a set schedule Monday - Friday. Regular office hours are 8:00am - 4:30pm PT.

Benefits

• Healthcare for full-time employees covered 100% and…