Settlement Analyst Intern

Job Description

Settlement Analyst Intern | CareFirst BlueCross BlueShield

The Tone:
This is a year-round internship at CareFirst BlueCross BlueShield, available remotely in MD/DC/VA. CareFirst BlueCross BlueShield is an established healthcare organization. The role, situated in the Financial Accounting Department of Finance, is crucial for managing invoicing and accounts receivable activities for groups with special funding arrangements, specifically Administrative Services Only (ASO) accounts, with an anticipated start date of October 2026.

The TL;DR
• Role: Internship
• Type: Year-round (15-20 hours/week in Spring/Fall; 30-40 hours/week in Summer)
• Location: Remote, MD/DC/VA
• Pay: $19,760–$26,000 (annual rate; interns are paid hourly)
• Team: Financial Accounting Department of Finance
• Mission: Manage invoicing and accounts receivable activities for groups with special funding arrangements, specifically Administrative Services Only (ASO) accounts.
• Tech Stack: Microsoft Excel (Intermediate/Advanced Level)

What You’ll Actually Do
• Claim Settlements: Help prepare weekly, monthly, and annual claim settlements associated with special funding arrangements for assigned accounts, including submitting required reporting.
• Issue Resolution: Provide assistance to technical support staff and management in resolving issues that may impact timely client invoice/payment notification or client submission of funds.
• Financial Reporting Support: Assist with the preparation of the annual Employee Retirement Income Security Act (ERISA), Form 5500, Schedule C, and support the month-end accounting close through timely analysis of settlement activity.
• Cash Application & Entries: Accurately apply cash receipts to the appropriate client invoices, analyze respective balances, and complete journal entries to the general ledger for financial reporting.
• Customer Service & Projects: Provide customer service to internal and external customers by explaining invoice items and answering account balance questions, and participate in special projects for process improvements.

The Must-Haves
• Background: Working towards a Bachelor’s degree from an accredited college or university, specifically seeking degrees in Accounting or Finance, as a Junior or Senior student, with a cumulative GPA of 3.0 or above.
• Experience: No specific years required; however, experience in Accounting, billing, and/or bookkeeping is preferred.
• Skills: Ability to work independently and as part of a team, strong attention to detail, excellent analytical and problem-solving skills, and strong Microsoft Excel skills at an Intermediate/Advanced Level.
• Bonus: Experience in Accounting, billing, and/or bookkeeping.