Benefits Analyst II – Invoicing Specialist

Position Overview

GEICO is seeking a Benefits Analyst II – Invoicing Specialist to join our People Group. This role will be responsible for reviewing and coordinating approvals for invoices related to Geico’s Health and Wellness (H&W) vendor partners and contracts. This role requires a keen eye for detail, strong analytical skills, and a thorough understanding of contracts, invoicing and billing procedures. In addition, you will assist the team and peer groups with special projects to support company-wide strategic initiatives.

Job Responsibilities

Invoicing Process and Payment Management (Day-to-day functions)

• Review and verify invoices for accuracy, completeness, and compliance with contract terms.
• Process invoices accurately and efficiently ensuring all billed items are supported by appropriate documentation and approvals.
• Collaborate with managers other team members to process invoices and billing in a timely manner
• Reconcile vendor statements and promptly address inquiries regarding payments, outstanding balances, and discrepancies. Communicate with vendor contacts as necessary.
• Maintain accurate records of all reviewed invoices and related documentation.
• Assist in the preparation of reports and summaries for management review.
• Collaborate with the finance and accounting teams to ensure timely processing of payments.
• Review supplier data change requests to ensure accuracy and completeness of documentation
• Assist with month-end and year-end closing processes.
• Other duties as assigned
  
  

Vendor & Compliance Management (Day-to-day Functions)

• Maintain accurate vendor records, including tax information and banking details, ensuring compliance with internal and external contract processes.
• Work closely with procurement, accounting and treasury teams to resolve vendor concerns and invoice discrepancies
• Ensure compliance with financial regulations, internal controls, and company policies.
• Assist in internal and external audits by providing accurate AP records and documentation.
  
  

Automated Accounts Payable Functions (Process Improvement Functions)

• Document Management: Implement and maintain an electronic document storage system for secure and efficient retrieval of AP records. Develop and implement automation solutions to streamline invoice processing and payment workflows.
• Digital Approval Workflow: Manage automated invoice approval workflows, ensuring invoices are routed to the correct approvers based on predefined rules to accelerate processing.
• Monthly Reconciliation Report: Prepare a comprehensive and accurate monthly invoicing reconciliation report for team use, achieving 100% accuracy and delivering it within the first week of each month.
• Timely Invoicing: Process monthly invoices for assigned accounts with precision, reconciling campaign statistics and adhering to client-specific instructions.
  
  

Minimum Requirements

• Experience: Minimum of 4 years of experience in invoice review and processing. Demonstrated experience in financial analysis, financial management, and financial reporting support at a large employer. Strong understanding of contracts, billing procedures, and compliance requirements. Experience with benefits administration, benefits strategy and benefits design is a plus.
• Education: Graduation from an accredited college or university with a Bachelor’s Degree in Accounting, Finance, Business Administration, Management, or a related field.
• Skills: Strong analytical skills to manage large data volumes, understand and produce trends with commentary. Advanced skill in Microsoft Office Suite (Excel, PowerPoint, etc.). Excellent communication skills and ability to articulate complex issues concisely, ability to multi-tasking and prioritizing. Strong track record of meeting challenging deadlines, ability to work independently and as part of a team.
  
  

LOCATION:

Hybrid – 3 days/week onsite

Annual Salary

$52,275.00 - $101,475.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

The GEICO Pledge

Great Company: At GEICO, we help our customers through life’s twists and turns. Our mission is to protect people when they need it most and we’re constantly evolving to stay ahead of their needs.

We’re an iconic brand that thrives on innovation, exceeding our customers’ expectations and enabling our collective success. From day one, you’ll take on exciting challenges that help you grow and collaborate with dynamic teams who want to make a positive impact on people’s lives.

Great Careers: We offer a career where you can learn, grow, and thrive through personalized development programs, created with your career – and your potential – in mind. You’ll have access to industry leading training, certification assistance, career mentorship and coaching with supportive leaders at all levels.

Great Culture: We foster an inclusive culture of shared success, rooted in integrity, a bias for action and a winning mindset. Grounded by our core values, we have an an established culture of caring, inclusion, and belonging, that values different perspectives. Our teams are led by dynamic, multi-faceted teams led by supportive leaders, driven by performance excellence and unified under a shared purpose.

As part of our culture, we also offer employee engagement and recognition programs that reward the positive impact our work makes on the lives of our customers.

Great Rewards: We offer compensation and benefits built to enhance your physical well-being, mental and emotional health and financial future.

• Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your family’s overall well-being.
• Financial benefits including market-competitive compensation; a 401K savings plan vested from day one that offers a 6% match; performance and recognition-based incentives; and tuition assistance.
• Access to additional benefits like mental healthcare as well as fertility and adoption assistance.
• In office and remote opportunities, as well as our signature GEICO Flex program, offering the ability to work remotely for up to four weeks per year.
  
  

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.