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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
An entry level analyst role with responsibilities in working with Treasury management and operational duties, reconciliation of the MEBS COBRA bank account, and provide support activities for the Treasury Analyst II and other internal Clients. The duties of this position involve monthly and recurring duties but require precision and accuracy. While there is an expectation of working independently there will be additional supervision given to this role to help complete tasks and develop skills. This is a multi-incumbent position.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Performs monthly reconciliations and cash ledger creation for COBRA Client accounts. Works closely with internal COBRA partners to resolve outstanding reconciliation issues.
2. Responsible for the day-to-day cash operational aspects for the MEBS organization. This includes daily investments, reviewing/approving/auditing daily ACH transactions for multiple bank platforms, reporting incoming wire transactions to internal partners, reporting of participant and Client returns, daily review of bank accounts for any unusual activity, preparation of audit documents, and review and approval of manual checks.
3. Works closely with internal partners (claims/Systems – SYSOPs/MEBS Flex Treasury/Payment processors) to resolve transactional reconciliation issues or outstanding bank reconciliation issues.
4. Works closely with internal partners (Systems – SYSOPs/Treasury Analysts/Claims/ Client Management team/Call Center) and provides direction to various groups on action needed to clear daily cash issues such as nonsufficient funds (NSF) items or NACHA files.
5. Responsible for returned checks and assisting with the MEBS Escheatment Process which includes review of returned checks sent to Participants and Clients, researching and obtaining updated addresses, and coordinating with internal groups to get addresses updated in the various systems.
6. Responsible for the check deposit process which includes the deposit of the check and adhering to established Truist deposit guidelines.
7. Ensures compliance with SOC I, Type 2 procedures.
8. Provides review of Peer’s work.
9. Supports MEBS overall revenue and retention goals.
10. Other responsibilities as assigned.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. High school diploma
2. Demonstrate strong organizational skills
3. Strong communication and interpersonal skills (written and verbal)
4. Able to utilize Office Suite applications (Word, Excel (Intermediate level), PowerPoint, Outlook) and Adobe
Preferred Qualifications:
1. Basic cash management experience or previous experience requiring strong organizational skills
General Description of Available Benefits for Eligible Employees of TIH:
All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of TIH Insurance Holdings, LP (TIH) offering the position. TIH offers medical, dental, vision, life insurance, disability, accidental death and dismemberment and tax-preferred savings accounts, along with other voluntary benefits. All regularly scheduled teammates (not temporary or contingent workers), regardless of the number of scheduled hours, can contribute to a 401(k) savings plan and you become eligible for Company matching contributions after one year of service and attainment of age 21. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on TIH’s generous benefit plans, please visit our Benefits site. Eligible employees may have the opportunity to participate in a deferred compensation plan and/or have an ownership interest in TIH in the form of profits interest or capital interest. As you advance through the hiring process, you will learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
This position is part of TIH.
Truist Financial Corporation has completed the sale of Truist Insurance Holdings (TIH). As a result, TIH is a separate company from Truist Bank as of May 6, 2024. Refer to the news release for details.
TIH Insurance Holdings, LP (TIH) supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. TIH is a Drug Free Workplace.
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