Reconciliation Specialist

Description

The Cash Reconciliation Analyst will reconcile internal Client collection accounts against bank transactions/deposits.

Responsibilities include:

• Reconciling bank debits and credits against internal Brault systems.
• Identifying inconsistent records between the Client bank account and internal billing systems.
• Researching and communicating potential issues to the correct associates.

• Demonstrates highest standards of personal and professional integrity, adheres to company’s policies and procedures, and complies with applicable laws, government rules, and regulations.
• Prepares or reviews accounts payable and receivables transactions, including ACH’s and Wire transfers, to ensure compliance with established guidelines and a timely and accurate recording of such transactions.
• Manages journal entries for cash and electronic cash transactions.
• Research reconciling items and miscellaneous transactions with the bank and recommends corrective action to be taken.
• Assist Client Managers with the resolution of payment posting issues and other cash management requests.
• Account reconciliation duties, including researching and reconciling complex discrepancies and problems.
• Prepare daily, weekly, and/or monthly reports and reconciliations for Client Managers and department leaders.
• Prepare client reports to meet specified deadlines and facilitate month-end review of all data contained within internally developed reconciliation workflow tool.
• Collaborate with other team members for efficient problem solving and provide backup coverage when needed.
• Act as a resource to and collaborate with other internal departments to resolve accounting-related inquiries and issues.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, obligations, and activities may change at any time with or without notice.

• Ability to organize workload, manage multiple projects, and maintain confidentiality of all work information.
• Ability to reconcile bank statements and ledgers against internal systems.
• Ensures that monthly reconciliations are completed when due.
• Ensures that all reconciling items are investigated and resolved promptly. Supports additional analysis of account activity as requested.
• Able to work under pressure with frequent interruptions while maintaining and coordinating all aspects of the position.
• Experience working in a team environment and collaborating at all levels of the organization.
• Ability to manage bank and client relationships.
• The ability to work at a fast pace and maintain a high concentration level with accuracy.
• Keyboarding skills are required for this position.
• Ability to multi-task and be detail oriented.
• Intermediate skills in Microsoft Word, Excel, and Outlook are required.

Experience:

• Two or more years of account reconciliation and/or accounting experience related to Revenue Cycle Management (RCM) operations.
• Previous healthcare experience helpful but not necessary.
• Athena IDX, MedFM/AS400, or other RCM platforms are preferred but not required.
• Experience troubleshooting a variety of issues within a reconciliation.

Education:

• Bachelor’s degree in accounting or finance, or similar field preferred but not required.