Accounts Payable Specialist- Stop Loss- Nashville TN- Hybrid

Job Description

Job Description

About Lucent Health

Lucent Health combines top-tier claims management with a compassionate, human-focused, data-driven care management solution. This approach helps self-insured employers provide care management that enables health plan participants to make smarter, cost-saving healthcare decisions. Continuous data analytics offer ongoing insights, ensuring participants receive the right care, at the right cost, at the right time. Join us as we build a company that aims to be a better health benefits partner for self-insured employers.

Company Culture

We believe that the success of Lucent Health relies on having employees who are honest, ethical and hardworking. These values are the foundation of Lucent Health.

Honest

• Transparent Communication: be open and clear in all interactions without withholding crucial information
• Integrity: ensure accuracy in reporting, work outputs and any tasks assigned
• Truthfulness: provide honest feedback and report any issues or challenges as they arise
• Trustworthiness: build andmaintaintrust by consistentlydemonstratingreliable behavior

Ethical

• Fair Decision Making: ensure all actions and decisions respect company policies and values
• Accountability: own up to mistakes and take responsibility for rectifying them
• Respect: treat colleagues, clients and partners with fairness and dignity
• Confidentiality: safeguard sensitive information and avoid conflicts of interest

Hardworking

• Consistency: meet or exceed deadlines,maintaininghighproductivitylevels
• Proactiveness: take initiative to tackle challenges without waiting to be asked
• Willingness: voluntarily offer toassistinadditionalprojects or tasks when needed
• Adaptability: work efficiently under pressure or in changing environments

Summary:

This role is a cross-functional role that will serve the Corporate Finance team in a variety of accounting and operating activities. This role will work closely with the Financial Operations Lead and Financial Operations – Receipts team to ensure processes and procedures are followed by the team. This role will require basic accounts payable knowledge, a strong work ethic, and attention to detail. This position will report to the Financial Operations Lead.

Responsibilities:

• Receive and post stop loss reimbursement checks received
• Deposit reimbursements received andnotifythe applicable stop loss department
• Update the bank reconciliation for the applicable group(s) receiving reimbursements
• Identifypayments to providers that are reimbursed and notify check run to release the payments
• Determineif any excess funds from the reimbursement should be refunded to the group ormaintainedin the group’s claims account
• Account Reconciliations
• Processes checks, ACH payments, and wires
• Facilitates ACH Transition Process of shifting vendors to ACH Payments to reduce Check Payments
• Ensures missing vendor tax documents are obtained and validated
• Assist in automation and process improvement

Qualifications :

• Accounts payable experience.
• Ability to analyze and interpret financial data.
• Attention to detail and quality.
• Strong organization and time management skills; effectively handle multiple projects.
• Excellent communication and problem-solving skills.
• Aptitude for working independently and within a team in a collaborative environment.
• NetSuite experience is a plus, but not needed, strong Excel skills (Pivot tables, basic formula writing,etc).

Equal Employment Opportunity Policy Statement

Lucent Health is an Equal Opportunity Employer that does not discriminate based on actual or perceived race, color, creed, religion, alienage or national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth and related medical conditions), gender identity, gender expression, transgender status, sexual orientation, marital status, military service and veteran status.