About The Role The Contribution Accountant provides financial accounting for assigned Client(s) and Trust Fund(s) in accordance with company policies, regulatory requirements, and plan guidelines.
Primary Responsibilities
Record Payment Collections from Employers, Self Payments, Cobra Payments, etc.
Create Cash Receipts Journal entries daily
Reconcile Internal invoices to Employer contribution payments
Create Self Pay Invoices, reconcile payments to invoices
Delinquency monitoring, communication (emails and letters) and reporting
Process disability payments
Under/overpayments management. Employer reconciliation of payment in bank acct
Employer Statements of Account
Support Audits of Employer files
Maintain and monitor the collection of the Collective Bargaining Agreements (CBA), track the rates and issue related communications.
Work across teams within the company and with our client.
Build and maintain strong relationships with Employers to facilitate resolution of all matters
Additional responsibilities, as required
Accurately input member enrollment forms, address changes, and dependent data into the eligibility system.
Enter employer-reported work hours into eligibility and contribution tracking systems.
Assist in the mail return process by reviewing returned mail, obtaining updated address information, and keying changes into the system.
Identify and flag discrepancies in forms or files for review by senior staff or auditors.
File and scan enrollment documents, employer reports, and related materials as needed.
Respond to basic internal inquiries regarding processed items or documentation status.
Essential Qualifications
3+ years of experience in accounting, be a fast learner with strong attention to detail, be well organized and able to work with little supervision
Basic bookkeeping knowledge required.
Familiarity with automated accounting systems preferred
Intermediate knowledge of MS Excel;
Strong communication skills and Detail oriented;
Experience with working with upper management and client to resolve issues
Ability to follow departmental and company procedures;
Ability to meet strict deadlines and work under pressure;
Excellent attendance record; and
Proven skills regarding contributing to a positive work environment
Comply with HIPAA and internal standards when handling confidential member and employer data.
Has minimum necessary access to Protected Health Information (PHI) and Personally Identifiable Information (PII) by Job Description/Role.
Preferred Qualifications
Experience in a third-party administrator.
Familiarity with accounting software.
At MagnaCare LLC, our people are committed to the improvement of how healthcare is accessed and delivered. When you join our team, you’ll become part of a diverse and welcoming culture focused on encouragement, respect, and increasing diversity, inclusion, and a sense of belonging at every level. Here, you’ll be encouraged to bring your authentic self to work with all your unique abilities.
For more than 30 years, MagnaCare LLC has been a trusted partner in delivering flexible, customized solutions for self-insured organizations. As a national third-party administrator (TPA), we combine proprietary technology, network expertise, and a deep understanding of labor to help our clients achieve their goals while supporting the people they serve.
Our focus on labor means we work closely with funds, Taft-Hartley Trusts, and other self-insured groups to deliver tailored solutions that go beyond the basics. From health plan administration and eligibility management to contribution accounting, we provide the tools and support organizations need to succeed. With specialized offerings such as flexible network administration, direct contracting, in-house medical and care management, and workers’ compensation programs, we create benefit plans that address unique needs with precision.
