Salary Range:  $88,854.00 (Min.) - $115,509.00 (Mid.) - $142,166.00 (Max.)

 

Established in 1997, L.A. Care Health Plan is an independent public agency created by the state of California to provide health coverage to low-income Los Angeles County residents. We are the nation’s largest publicly operated health plan. Serving more than 2 million members, we make sure our members get the right care at the right place at the right time.

Mission: L.A. Care’s mission is to provide access to quality health care for Los Angeles County's vulnerable and low-income communities and residents and to support the safety net required to achieve that purpose.
 

Job Summary

 The Cash Analyst III is responsible for the financial functions analysis, cash systems management and bank transactions. The duties of this position include; financial reports, banking services, intraday monitoring of bank balances and disbursements, month-end reconciliations, unclaimed property reporting, insurance renewal applications, audit requests, special projects as assigned, journal entry preparation and general ledger account analysis. Provide finance support and troubleshoot issues for internal and external customers. This position serves as a liaison between banks and key stakeholders. Acts as a Subject Matter Expert, serves as a resource and mentor for other staff.

Duties

Applies subject expertise in evaluating business operations and processes. Identify areas where technical solutions would improve business performance. Consult across business operations, providing mentorship, and contributing specialized knowledge. Ensure that the facts and details are correct so that the project’s/program's deliverable meets the needs of the department, organization and legislation's policies, standards, and best practices. Provide training, recommend process improvements, and mentor junior level staff, department interns, etc. as needed.

Monitors daily bank balance and alert manager and team when large deposits and disbursements post to our bank account. Expedite the transfer of funds to/from the Custody account to maximize interest earnings on the funds.

Maintains the cash flow forecast, including communications to involved parties.

Reviews and performs decision of positive pay exceptions by the deadline. Review and resolve check issues made the check-issuing department.

Executes wire transfer and Automated Clearing House Network (ACH) payments using various banking portals and applications. Reviews and compares the wire request form to the supporting document for accuracy.  Ensures payee-banking information is valid. If there are changes to the banking information, verbally confirms details and follow with an email with the Payee’s banker.

Administers online banking access and maintains user entitlements in real time. Coordinates the development and implementation of new banking and merchant services and products.  Researches missing checks and respond to payment and deposit status inquiries. Creates custom banking reports and statements for interdepartmental users, establishes individualized alerts, and emails notification for the business users. Researches banking product for higher interest earning.

Troubleshoots banking and cash management issues, such as missing FTP transmission files and duplicate files sent. Responds to unauthorized ACH claims filed by commercial members and submit fraudulent claims for vendors and providers. Responds to Merchant Service vendor inquires.  Researches and provides proper general ledger coding of misdirected checks. Reconciles daily bank transactions.

Prepares Unclaimed Property Report Cycles: Prepares Unclaimed Property list, Perform Holder Due Diligence, Submit Holder Notice Report, and Respond to Owner Claims resulting from SCO Notices and Submit Holder Remit Report and Remittance.

Duties Continued

Generates unclaimed property files via SAP automatic Check Escheatment process.  Prepare Accounts Payable, Claims, and Payroll bank accounts unclaimed property files manually.  Uploads the unclaimed Property files to the escheatment vendor for the due diligence and Holder Notice cycles. Prepares Purchase Order on SciQuest in order for A/P to pay escheatment vendor invoices.

Participates in the annual Insurance Renewal Applications. Coordinate with Business units to gather supporting documentation prior to due date. Fills out the applications with the information provided by the department. Forwards the applications to management for review and signatures.

Participates in special projects like audit and bank related requests, 1099 reporting, etc. Participates in SAP testing and implementations.

Performs other duties as assigned.

Education Required Bachelor's Degree in AccountingIn lieu of degree, equivalent education and/or experience may be considered.Education Preferred Master's DegreeExperience

Required:

At least 4 years of experience in financial analysis including related treasury experience in a corporate setting.

Skills

Required:

Excellent written and verbal communication skills.

Strong organizational, analytical and problem-solving skills.

Ability to solve problems involving several options in various situations.

Proficiency in Microsoft Office Suites. Strong proficiency with Microsoft Excel.

Knowledge of cash management principles, bank products, and services.

Highly organized and detail oriented.

Strong interpersonal skills.

Ability to handle multiple projects with minimal supervision and to meet deadlines.

Licenses/Certifications Required Licenses/Certifications Preferred Certified Public Accountant (CPA)Required Training Physical Requirements LightAdditional Information

Salary Range Disclaimer: The expected pay range is based on many factors such as geography, experience, education, and the market.  The range is subject to change.

 

L.A. Care offers a wide range of benefits including

Paid Time Off (PTO) Tuition Reimbursement Retirement Plans Medical, Dental and Vision Wellness Program Volunteer Time Off (VTO)