THE MISSION OF THE MEMIC GROUP IS TO MAKE WORKERS'

The Mission of The MEMIC Group is to make workers' comp work better with compassion, trusted partnerships, and relentless commitment to workforce safety. The secret to the success and longevity of great organizations is their shared vision and strong values. At MEMIC our values are to be conscientious, to be an expert, to be a partner, to be curious and to be transparent.

Under the direction of the Manager, Financial Operations, the Financial Claims Specialist will
work as a liaison between members of the corporate Finance team, IT, Claims, as well as
external business partners to ensure financial and non-financial transactions are posted correctly
in the Claims CXP system to complete daily and monthly reconciliations and journal entries as
needed. Additionally, this role will work with the financial operations team regarding unclaimed
property and 1099 processing.

Principal Duties and Responsibilities
1. **Daily reconciliation for financial transactions posted by the feed, webhook and claims staff.
    Promptly notify Claims and IT of discrepancies. Coding of transactions for daily cash
    processing.
2. **Monthly claims cash reconciliation support. Review discrepancies from the analysis of the
    direct loss and expense report to multiple internal and external financial reports. Notify
    Claims of discrepancies found during analysis and track to make sure corrections are resolved
    timely.
3. **Track monthly refunds checks and verify transactions posted as expected. Process journal
    entry to appropriate GL accounts.
4. **Work with Financial Accounting team regarding claim questions and discrepancies with the
   Direct Loss and Expense journal entry.
5. **Monthly 1099 claim analysis and upload to external system. Partner with claims on tin
   mismatches and resolution.
6. **Work with claims to proactively return unclaimed property to payees.
7. **Liaison with Claims and external claim vendors regarding financial transactions that don’t
   post as expected to CXP. Notify internal and external partners of negative financial trending
   discovered during daily processes or monthly analysis, such as TPA feed or One Inc Webhook
   or other issues.
8. **Provides input for all new claims initiatives that have a financial impact. Work with claims
   to develop new or updated processes based on current information. Tests and validates
   reports as system is updated. Acts as direct liaison with Claim Product Team, IT department
   or Business Analyst for process improvement of existing procedures, reporting or data needs
   as they relate to these core areas of responsibility.

Minimum Knowledge, Skills, and Abilities

1. Bachelor’s Degree with a minimum of 2 years’ insurance experience or equivalent work and 
   education experience required. Finance or Claims experience strongly preferred.
2. Ability to work well in tight timeframes and deadlines.
3. Intermediate to advanced data utilization skills to access and gather data, including a basic 
   understanding of what the data represents.
4. Advanced problem solving and decision-making skills.
5. Advanced skill/competency level demonstrates advanced knowledge and ability; can apply the 
   competency in new or complex situations.
6. Proficient in Microsoft Excel, Word, PowerPoint, Access is must.
7. Proficient in PowerBI or willingness to learn within the first 6-8 months.

Working Conditions

1. Normal office environment with minimal exposure to excessive noise and temperature
   variations.
2. Willingness to travel among company sites as needed.
3. Will be required to stand and/or sit for extended periods.
4. Will be required to work with a Video Display Terminal.
5. May be required to do occasional reaching and bending.
6. May be required to occasionally exert physical effort (lifting/carrying) using appropriate
   equipment if needed.
7. Full-time is required.

   Reporting Relationship
   Manager, Financial Operations
  **Denotes Essential Functions

Our comprehensive benefits package includes all traditional offerings such as:

• Health Insurance options, Dental Insurance options and Vision Insurance
• Employee Life Insurance/AD&D and Dependent Life Insurance options
• Short-term & Long-term Disability
• Health Savings Account with potential employer match
• Flexible Medical and Dependent Care Account
• Accident Insurance
• Critical Illness Insurance
• Employee Assistance Program
• Legal/Identify Theft Insurance options
• Long Term Care Insurance
• Pet Insurance
• 401 (k) Retirement Plan with match up to 5%, plus profit sharing & discretionary contributions (subject to vesting)
• 5 weeks of Paid Time Off (PTO)
• 10 paid holidays

We also offer other benefits to help foster a healthy, balance lifestyle such as:

• Flextime schedules
• Paid Parental Leave
• Student loan paydown and refinancing assistance
• Educational assistance for job related courses, seminars, certifications or degrees
• One paid day every year to volunteer for your non-profit of choice
• On-site fitness center (Maine & Virginia) or fitness reimbursement
• Subsidized parking
• Sit-Stand desks & daily stretch breaks

MEMIC is committed to a policy of nondiscrimination and equal opportunity for all employees and qualified applicants without regard to race, color, religious creed, national origin, ancestry, age, disability, genetics, gender identity, veteran's status, sexual orientation, or any other characteristic protected by law. MEMIC is an equal opportunity employer encouraging diversity in the workplace.