Benefits Financial Analyst

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7/30/2026 (8:00 PM EDT)

2603813

Benefits Financial Analyst

Pay Grade 15

Salary

$3,960.94 - $5,941.50 Monthly

Employment Type

EXECUTIVE BRANCH | FULL TIME | ELIGIBLE FOR OVERTIME PAY | 18A | 37.5 HR/WK

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Hiring Agency

Personnel Cabinet | Department of Employee Insurance

Location

501 High St, 2nd Floor

Frankfort, KY 40601 USA

Description

The agency may authorize the selected candidate to telecommute. The agency may terminate or modify the telecommuting arrangement at any time.

The Personnel Cabinet offers the great opportunity to work with and serve state agencies, employees, and citizens across the Commonwealth of Kentucky. The Personnel Cabinet’s mission is to provide leadership and guidance to attract, develop, motivate, and retain a talented, diverse workforce; foster an understanding of and adherence to regulatory requirements; and create a positive, supportive work environment that values all employees. The Department of Employee Insurance (DEI) administers an approximate $1.8 billion, self-funded, health insurance program along with optional life, dental, and vision insurances, and flexible spending accounts for nearly 300,000 public employees and their dependents.

The Benefits Financial Analyst position will reside within the Premium Billing Branch. The Premium Billing Branch (PBB) is within DEI and is responsible for the administration of premium billing and reconciliation of benefit plans administered by the Personnel Cabinet. Responsible benefit plans include health and optional insurances, flexible spending accounts, health reimbursement accounts, and administrative fees for agencies that participate with DEI and the Kentucky Employees Health Plan including state agencies, boards of education, health departments, retirement systems, and governmental quasi agencies.

Primary Responsibilities May Include, But Are Not Limited To

• Conducts specialized reconciliation of premium billing for health insurance, optional insurance, flexible spending accounts, and administrative fees, as well as monitoring of agency and member accounts.
• Responds to and researches specialized inquiries from state agencies, insurance vendors, and public employees regarding benefit programs.
• Generates and analyzes out of balance reports for health insurance, optional insurance, flexible spending accounts, and administrative fees.
• Generates and analyzes 30/60-day arrears correspondence based off account status in the Kentucky Human Resource Information System (KHRIS) and distribute to agency billing contacts and employees.
• Performs a variety of specialized billing adjustments and functions in KHRIS.
• Processes incoming mail and deposits of premium payments.
  
  

Preferred Skills And Abilities

• Advanced skills with standard reporting and analytic Microsoft Office products such as Excel and Access.
• Experience in banking or financial reconciliation.
• Experience with health insurance, optional insurances, FSA and HRA enrollment, and financial administration.
• Experience working with KHRIS, insurance, or billing and collections systems.
• Exceptional attention to detail and accuracy.
• Excellent communication skills, both written and verbal.
• Works well as part of a team.
  
  

Reasons To Work For Us Include

• A 37.50-hour work week
• Paid time off (sick and vacation) and paid holidays
• Training and career development opportunities
• A variety of affordable health, dental, and vision insurance options, as well as flexible spending accounts
• Life insurance
• Retirement
• Optional deferred compensation program (pre- and post-tax options - 401K, 457b and IRA)
• Wellness incentive programs
• Employee discounts on electronics, health, wellness, retail, travel, events, entertainment, and services
  
  

If you are interested in a challenging yet rewarding career where you can expand your financial and business analytic skills, we would love to review your application for the Benefits Financial Analyst with the Department of Employee Insurance.

Minimum Requirements

EDUCATION: Graduate of a college or university with a bachelor's degree.

EXPERIENCE, TRAINING, OR SKILLS: Three years of experience in human resource (HR) administration, the administration of employee benefit programs or similar employee assistance programs, life or health insurance administration or sales, the reconciliation of financial or benefit accounts or financial transactions, statistical analysis, accounting, auditing, planning, bookkeeping, banking, business administration, public administration or a related field.

Substitute EDUCATION for EXPERIENCE: Master's degree will substitute for the required experience on a year-for-year basis.

Substitute EXPERIENCE for EDUCATION: Additional experience in the above areas will substitute for the required education on a year-for-year basis. Current certification as a Certified Medical Office Manager (CMOM), Certified Accounts Payable Professional (CAPP). Certified Credit and Risk Analyst (CCRA), Accounts Receivable Specialist (ARS), or Accounts Receivable Manager (ARM) will substitute for up to two years of the required experience.

SPECIAL REQUIREMENTS (AGE, LICENSURE, REGULATION, ETC.): NONE

Working Conditions

Work is typically performed in an office setting.

Probationary Period

This job has an initial and promotional probationary period of 6 months, except as provided in KRS 18A.111.

If you have questions about this advertisement, please contact Beth Gebhart at Beth.Gebhart@ky.gov .

An Equal Opportunity Employer M/F/D