Business Analyst, Risk & Insurance

Overview

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

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.

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,…