POSITION TITLE: Finance Analyst - Bank Accounting
Business Unit: Maxicare Healthcare Corporation
Level: Rank and File
Reporting Line: Supervisor
Position Accountability Statement
The Finance Analyst – Bank Accounting is held accountable for safeguarding Maxicare Healthcare Corporation's cash portfolio and ensuring total accuracy and transaction integrity across all corporate bank accounts. Serving as the primary gatekeeper for cash balances and ledger activity, this position conducts high-volume bank reconciliations, maintains daily cash roll-forwards, verifies Treasury inputs against actual bank activity, and posts required journal entries to guarantee full audit readiness, balance sheet precision, and strict adherence to internal controls and financial reporting standards (PFRS/IFRS).
Job Description
This role is responsible for cash integrity, transaction verification, and financial gatekeeping. This analyst ensures all movements through the bank accounts are accurately accounted for by verifying Treasury inputs against bank activity, maintaining the daily cash roll forward, and serving as the primary auditor for the ledger's cash balances.
STANDARD RESPONSIBILITY STATEMENTS
- High-Volume Bank Reconciliations
- Perform daily and monthly bank reconciliations for multiple corporate, premium collection, and claims disbursement accounts.
- Investigate and resolve outstanding reconciling items in a timely manner to maintain ledger accuracy.
- Cash Flow Oversight & Discrepancy Escalation
- Monitor daily cash inflows (member premiums) and outflows (provider check/EFT disbursements) based on inputs provided by the Treasury team.
- Review Treasury transactions against bank activity, identifying misalignments or variances and proactively raising issues to the Treasury team for resolution.
- Transaction Recording
- Post journal entries for bank fees, interest income, corporate credit card transactions, and foreign exchange variances.
- Ensure all bank-related transactions are accurately coded and posted to the General Ledger within month-end deadlines.
- Audit & Compliance
- Prepare daily cash roll forward reports for management based on reconciled bank balances, tracking opening balances, daily movements, and closing positions.
- Prepare comprehensive bank reconciliation reports and supporting documentation for internal and statutory auditors.
EDUCATIONAL REQUIREMENT
- Bachelor's degree in Accountancy
- CPA designation is an advantage but not required
SKILLS REQUIREMENT – EXECUTIVES AND MANAGERS (sample)
- Strong knowledge of accounting principles and financial reporting standards (e.g., PFRS/IFRS).
- Proficient in Microsoft Excel; knowledge of Oracle Cloud ERP is an advantage.
- Experience in the insurance or financial services industry is an advantage
