JOB DESCRIPTION

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by diversity and inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health equity on a global scale. Join us to start Caring. Connecting. Growing together. 

Positions in this function prepare and maintain records of accounts receivable, including receipts, claims and overdue invoices. Applies all incoming cash receipts and wire payments to the appropriate general ledger accounts. Computes interest charges, processes refunds and related items. Performs periodic and month-end balancing and reporting activities.

Primary Responsibilities:

• Apply Cash – apply incoming cash receipts and wire payment to appropriate clients
• Reconcile Cash – Balance cash received (bank deposits and/or treasury website) against cash applied (Accounting Tools)
• Cash Reporting – Maintain aggregate listing of cash applied
• Pull reports and export into an Excel spreadsheet, utilizing pivot tables for these reports. 
• Perform Accounts Receivable Reporting (large client A/R listing and account management reporting)
• Seek assistance from onshore billing partners to resolve billing issues
• Maintain Database to track rebate cash receipts and applications to invoices
• Review cash and applies payments and adjustments to open invoices
• Accounting/comparison in ERP to record both billing and payments
• Manual Cash and adjustment entries are manually entered into the Oracle A/R module and transferred to GL module
• Maintain billing system that generates rebate invoices to pharma’s and allocates payments to clients
• Mirrors the cash and adjustments applied in Card to Oracle
• Perform comparison of Card and Oracle as there can be updates in Card
• Payments and adjustments are recorded on the monthly Oracle aging reports
• The “coded” aging report allows us to compare to Card and apply majority of payments to Oracle
• Work currently performed on first week of each month with exclusion of WD1
• Supervises work of junior team-members
• Builds and improves existing operational processes, documentation and presentation of processes
• May have direct reports
• Comply with the terms and conditions of the employment contract, company policies and procedures, and any and all directives (such as, but not limited to, transfer and/or re-assignment to different work locations, change in teams and/or work shifts, policies in regards to flexibility of work benefits and/or work environment, alternative work arrangements, and other decisions that may arise due to the changing business environment). The Company may adopt, vary or rescind these policies and directives in its absolute discretion and without any limitation (implied or otherwise) on its ability to do so

Core Competencies: 

• Attention to detail, analytically minded
• Self-driven and team player
• Focus on Customers
• Good Interpersonal skills
• Fair understanding of revenue flow and cash flow
• Excellent communication and documentation skills
• Ability to supervise and quality check work of others

Required Qualifications:

• Commerce degree (B.com/M.com), Accounting, Finance, or related field preferred
• 4-5 years experience in business, involving cash application, customer AR reconciliations, customer billing or other applicable write off experience
• Intermediate (or higher) level of Microsoft Excel proficiency, including creating pivot tables for reporting purposes and completing V-lookups
• Open for evening shifts -: 15:30 to 01:00 (late night shift 17:45 to 03:30 during closing period)

Preferred Qualifications:

• Oracle Financial experience
• Accounting background
• Opportunity for a go-getter who is looking to grow within the organization
• Project Management Skills

At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone–of every race, gender, sexuality, age, location and income–deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes — an enterprise priority reflected in our mission.

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