Financial Operations Analyst | BGC, Taguig

Role Overview

Ensure accurate and seamless financial transactions, fund management, and regulatory compliance by executing structured financial processes, maintaining data integrity, and continuously monitoring account activities.

Key Responsibilities

• Maintain and update client banking information and link bank accounts to the appropriate plans.
• Process client check deposits and wire transfers.
• Review overdue funding transactions and resolve funding discrepancies.

• Update payroll deductions and contributions, and submit them for payroll processing.
• Allocate funds to the appropriate payroll deductions.
• Review, correct, and reconcile participant payroll transactions.
• Process participant payments and apply financial adjustments, including investment losses and waived fees.

• Prepare monthly financial reports to support government compliance requirements.
• Generate payroll and funding reports for internal and client use.
• Perform audits as needed and investigate financial discrepancies, negative balances, and unprocessed transactions.

• Process HSA distributions, rollovers, and HRA funding notices.
• Manage participant fund adjustments, disbursements, and appeals.
• Correct participant enrollment records resulting from processing errors, plan transfers, or rehires.

• Process client refund requests following the required approval process.
• Handle returned or bounced checks.
• Review and resolve negative account balances through appropriate refunds or account adjustments.

• Validate, create, modify, or cancel funding notices as needed to ensure accuracy and prevent duplicate or unnecessary transactions.
• ACH Banking Information Maintenance
• Maintain the monthly ACH Notification of Change (NOC) spreadsheet.
• Update or remove outdated banking information to ensure regulatory compliance and accurate payment processing.