Contribution Accountant

Job Description

Job Description

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

Essential Qualifications

Preferred Qualifications

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.

Powered by JazzHR

eIeiJJJ50j