1+ months

Senior Analyst, Payment

Etters, PA 17319

Job Description

SUMMARY

The primary purpose of this position is to develop and maintain a system of reporting and analysis that measures and monitors the Company's cash receipts of Third Party Insurance claims (70% of the Company's revenue).  This will improve the Company's cash collections and accounts receivable aging, thereby reducing the company's bad debt expense and increase cash flow.

 The incumbent is also required to perform all tasks in observance of Rite Aids brand and strategy and adhere to our core values and service attributes. 

ESSENTIAL DUTIES AND RESPONSIBILITIES

The associate is responsible for the functions below, in addition to other duties as assigned:

  •  Establish and oversee all Third Party payments and accounts receivable reporting and analysis necessary to detect payment issues; specifically:  a) payer latency, nonpayments and short pays, b) Identification of Third Party System payment process issues
  •  Manage key reporting and analysis activities which support the company's overall strategic goal of reducing the company's expenses; specifically bad debt expense. This will include monitoring of accounts receivable aging reports, days sales outstanding, and the Company's bad debt waterfall schedules
  •  Create and distribute weekly tracking reports to senior management that include key strategic metrics on cash collection and payment application efforts related to the Company's outstanding accounts receivables
  •  Identify, recommend and justify process improvements and system enhancements to increase efficiencies and reduce expenses
  • Assist with departmental projects and other administrative duties as assigned

Experience / Requirements

  • 5 years of experience in Accounting, Claims Processing, Receivables required
  • Or equivalent education in lieu of experience

Education

  • Bachelors Degree in Arts/Sciences (BA/BS) Business required

Categories

Posted: 2019-07-11 Expires: 2019-09-22

Rite Aid is committed to bringing in individuals who support our personal approach to serving customers.

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Senior Analyst, Payment

Rite Aid
Etters, PA 17319

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