Job Description

Salary

$3,345.00 - $6,566.00 Monthly

Location

Baton Rouge, LA

Job Type

Classified

Job Number

PCF-ACCT1-213970-LL

Department

Patients' Compensation Fund Oversight Board

Division

Patient's Compensation Fund

Opening Date

10/17/2025

Closing Date

10/22/2025 11:59 PM Central

About this Job

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About the Patient's Compensation Fund

The Patient's Compensation Fund (PCF) was created in 1975 to provide an affordable and guaranteed medical malpractice coverage system for the private healthcare providers in the state. The Patient's Compensation Fund is self-funded state entity, operating independently of the main state budget, and governed by the PCF Oversight Board. The Patient's Compensation Fund provides protection for the healthcare system, keeping costs down, and providing a guaranteed pool of funds to pay those citizens injured from medical malpractice of private care providers.



We are a small agency invested to retain a skilled, productive, engaged, diverse team that we support through training and development, building connections, and supporting a harmonious work life while delivering quality services to the citizens of Louisiana.

About this Position

The incumbent in this position will provide professional-level accounting services to the Patient's Compensation Fund and the Oversight Board. The incumbent processes all future medical claim payments, revenue transactions, account payables, and reconciliation of claims payments from PCF internal computer applications. The incumbent additionally prepares agency maintenance agreements. Incumbent uses effective and professional communication while collaborating with all levels of staff, contractors, vendors to drive the vision and purpose of this agency.

An ideal candidate will possess the following competencies:

Demonstrating Accountability:

The ability to accept ownership for your actions, behaviors, performance, and decisions.

Making Accurate Judgements:

The ability to form an opinion objectively and decisively based on relevant information and in accordance with established standards.

Thinking Critically:

The ability to objectively question, analyze, interpret, and evaluate information to form a conclusion.

Minimum Qualifications

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Three years of experience in accounting, auditing, financial operations, payroll, or banking; OR



Six years of full-time experience in any field plus twenty-four semester hours in accounting; OR



A bachelor's degree with twenty-four semester hours in accounting; OR



A bachelor's degree in accounting, finance, business administration, management, economics, or statistics; OR



An advanced degree in accounting, finance, business administration, management, economics, quantitative methods, or statistics; OR



Possession of a Certified Public Accountant (CPA) license.



EXPERIENCE SUBSTITUTION:

Every 30 semester hours earned from an accredited college or university will be credited as one year of experience towards the six years of full-time work experience in any field. The maximum substitution allowed is 120 semester hours which substitutes for a maximum of four years of experience in any field.

Job Specification

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The official job specifications for this role, as defined by the State Civil Service, can be found here.

Job Duties and Other Information

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Job Duties:


Accurately process 300-500 future medical claim payments each month. Conducts thorough review of assigned financial disbursements to ensure accuracy, verify calculations, confirms transaction completeness and legitimacy, validates proper LPCF authorizations and coding, and ensures compliance with all applicable state regulations. Determines completion of accurate posting and final processing of payments. Serves as liaison between accounting and claims staff members to verify payment authorizations and address any errors-reports discrepancies to the supervisor.


Receives rejection notifications from Corvel (designated with zero), that require further information to fee schedule. Interprets necessary information required prior to forwarding a cover letter, EOR, and invoice to the appropriate provider. Maintains detailed and confidential accounting records in accordance with internal and state audit standards and retention policies. Ensures timely data entry into the agency's systems, providing accurate reporting for internal staff, auditors, and the Board. Assist with monthly, quarterly, and year-end closeout processes as they relate to claim payments, CBA transactions, and payables when needed. Prepares journal entries and supporting documentation as required for internal management, auditors, and oversight bodies. Participates in audits, reviews, and internal control assessments. Serves as backup to the accounting staff responsible for the reconciliation of investment activity and records all necessary transactions and journal entries to report interest, dividends, sales, gains and losses, and other costs in the PCF internal accounting system.



Prepares required financial statements and fiscal reports which include the compilation and analysis of data for monthly, quarterly, and annual reports.



Communicates with public and private accountants; state, federal, and independent auditors; banks, brokerage firms; program or management personnel; and vendors for the purpose of providing information and technical assistance needed to resolve problems.



Maintains cash management records, including funds drawn and received, funds disbursed by sources, deposits of refunds, and classifies revenue as to sources of funding and expenditures as to their nature.



Prepares, monitors, reconciles, audits, and forecasts revenues, expenditures, and budgets.



Participates in the development of new accounting techniques in the design and implementation of accounting subsystems, compilation of manuals for accounting and computer application, and preparing managerial reports.



Position-Specific Information:

Appointment Type:

Full time, Classified. Probational or promotional.

Work Schedule:

Monday - Friday, overtime as needed.

Compensation:

Depends on the qualifications of the selected candidate. Position qualifies for premium pay.


Louisiana is a State As a Model Employer (SAME) that supports the recruitment, hiring, and retention of individuals with disabilities.


This position participates in a Career Progression Group (CPG) and may be filled as an Accountant 1 or Accountant 2 level which will be determined by the qualifications of the candidate selected. This position provides the opportunity to advance within this job series.
Please click on the links below to learn more about each job level:


Accountant 1: https://apps01.civilservice.louisiana.gov/onestopjobinfo/DisplayJobSpec.aspx?JobCode=160180


Accountant 2: https://apps01.civilservice.louisiana.gov/onestopjobinfo/DisplayJobSpec.aspx?JobCode=139350

HOW TO APPLY:

No Civil Service test score is required to be considered for this vacancy.


Applicants are responsible for checking the status of their application to determine where they are in the recruitment process. Further status message information is located under the Information section of the Current Job Opportunities page.


Please identify

ALL

work experience with each employer on your job application! Please submit a complete job history. Resumes WILL NOT be accepted in lieu of completed education and experience sections on your application. Applications may be rejected if incomplete.


For further information about this vacancy contact:


Lauri Lee


Patient's Compensation Fund/ Human Resources


PO Box 3718


Baton Rouge, LA 70821


225-342-5200

All prospective new hires will be subject to employment eligibility verification via the federal government's E-Verify system.

As an Equal Opportunity Employer, PCF is committed to a diverse and inclusive workplace prohibiting discrimination based on any non-merit factor.

PCF is a State as a Model Employer (SAME) agency that supports improved employment opportunities for individuals with disabilities.



Louisiana State Government represents a wide variety of career options and offers an outstanding opportunity to make a difference through public service. With an array of career opportunities in every major metropolitan center and in many rural areas, state employment provides an outstanding option to begin or continue your career.



As a state employee, you will earn competitive pay, choose from a variety of benefits, and have access to a great professional development program:

Insurance Coverage

More information can be found at https://info.groupbenefits.org/

Parental Leave

- Up to six weeks paid parental leave

More information can be found at https://www.civilservice.louisiana.gov/Parental-Leave/Default.aspx

Holidays and Leave

- State employees receive the following paid holidays each year:New Year's Day Martin Luther King, Jr. Day, Mardi Gras, Good Friday, Memorial Day, Independence Day, Labor Day, Veteran's Day, Thanksgiving Day and Christmas Day. Additional holidays may be proclaimed by the Governor


State employees earn sick and annual leave which can be accumulated and saved for future use. Your accrual rate increases as your years of service increase.

Retirement

- State of Louisiana employees are eligible to participate in various retirement systems (based on the type of appointment and agency for which an employee works). These retirement systems provide retirement allowances and other benefits for state officers and employees and their beneficiaries. State retirement systems may include (but are not limited to): Louisiana State Employees Retirement System (www.lasersonline.org). LASERS has provided this video to give you more detailed information about their system*
Teacher's Retirement System of Louisiana (www.trsl.org), * Louisiana School Employees Retirement System (www.lsers.net), among others