City Of New York

Assistant Director

City Of New York • $100K — $120K *
New York, NY 10025In-Person
Healthcare
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree from an accredited institution or equivalent combination of education and experience.
  • Minimum one year of experience in fire, casualty, or surety insurance roles such as corporate manager or broker.
  • High school diploma or equivalent with five years of relevant experience as an alternative qualification.
  • Understanding of insurance industry practices and regulations.
  • Proficient in financial auditing and cash flow analysis.

Responsibilities

  • Oversee payment processes for health insurance premiums to all City carriers ensuring accuracy and timeliness.
  • Manage payments for various self-funded programs including Flexible Spending Accounts.
  • Maintain accurate member counts and oversee Trust and Agency accounts management.
  • Administer the eligibility system for City retirees concerning health insurance coverage.
  • Review and analyze Health Insurance Carrier expenditures to project funding needs for the fiscal year.

Benefits

  • Comprehensive health insurance coverage.
  • Retirement savings plan options.
  • Paid leave including holidays, sick days, and vacation.
  • Professional development and continuing education opportunities.
Full Job Description
Assistant Director of the Health Insurance Payments & Receivables Division of the Financial Management Unit The Health Insurance Payments & Receivables Division is responsible for making payments to all 11 City health plans within the Health Benefits Program. Total payments exceed $10.8 billion annually. In addition, this position is responsible for processing and reconciling Medicare Part B/IRMAA payments made to City retirees in the amount of approximately $650,000 annually and reconciling monthly banking statements, including Positive Pay Exceptions on a daily basis. The unit audits the financial accounts of the Health Benefits Program, which includes accounts receivable, cash disbursements and receipts. Furthermore, the Assistant Director reviews records of cash flow transactions and account balances, prepares monthly and quarterly cash budgets, performs bank reconciliations for checking accounts, and analyzes reconciliation reports for all other cash accounts from accounting systems. This position is also responsible for generating financial reports to the Executive Division, Comptroller's Office, and OMB. The Assistant Director is also responsible for overseeing 4 staff members, whose responsibilities include: -processing and payment of premiums to the City's health insurance carriers. Payments must be accurate and timely and require coordination with the City Comptroller and the FISA payroll system as well as with all participant City and City-covered agencies. -processing and payment of all expenditures for all self-funded programs, including the Management Benefits Fund, VDT, and the Flexible Spending Accounts, which includes DeCAP and the Health Care Flexible Spending Account. -maintenance of accurate membership counts by program and continual maintenance of Trust and Agency accounts and reserve accounts with the Office of the Comptroller. -administering an eligibility system for City vested retiree groups for purposes of providing these groups with City health insurance coverage. It is responsible for the administration of membership records and billing mechanisms to group members for collection of optional benefit premiums. -Reviewing Health Insurance Carrier spending using appropriate FMS Info Advantage reports to analyze balances remaining on encumbrances and projecting MBF needs for the fiscal year to determine if funding is adequate. INSURANCE ADVISOR - 40235 a. A baccalaureate degree from an accredited college or university plus one year of full-time paid experience within the last six years in fire, casualty or surety insurance as a corporate insurance manager, insurance agent, insurance underwriter or insurance broker; or b. High school graduation or evidence of having passed an examination for the high school equivalency diploma or the U.S. Armed Forces G.E.D. certificate with a score of at least 35 on each of the five tests and an overall score of at least 225 in the examination for the certificate; plus five years of satisfactory experience within the last six years as described in (a) above; or c. A satisfactory equivalent combination of education and experience. However, all candidates must be high school graduates with at least one year of experience in the last six years as described in (a) above.

About City Of New York

The City of New York is the most iconic and dynamic city on the planet. With a population of more than 8.4 million people, New York is not only the largest city in the United States — it is the academic, cultural, commercial, and financial capital of the world. City government is filled with opportunities for talented individuals seeking to improve their communities and make a meaningful difference in the lives of their fellow New Yorkers. Every day, the City’s more than 300,000 employees improve infrastructure, provide vital social services, build technology, protect health and safety, and so much more.

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Join the City of New York’s dynamic team to contribute to the community and enhance the city’s services across a broad spectrum of disciplines. The City of New York offers a unique opportunity to engage in meaningful work that impacts the lives of millions while navigating through a career filled with learning and growth. Transform the metropolitan landscape and enrich the lives of its residents with the best minds in public administration, urban planning, and community services. The City of New York stands at the forefront of urban management and innovation. Lead with a unique position in public service, at the intersection of technology, community needs, and sustainable development. Work alongside a diverse team of professionals dedicated to improving city operations and enhancing the quality of urban life. Collaborate with the largest network of public service experts in the nation, fostering leadership, diversity training, and professional development.

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