Cash Application Specialist

Job Type: Full Time

Location: Skokie/Hybrid/Remote

Company Name: Life Line Ambulance Illinois

Company Slogan: Driven By Care

At Life Line Ambulance Illinois, we are committed to delivering exceptional patient care and setting the standard for quality ambulance services. As a crucial member of our finance team, we are seeking a highly organized and detail-oriented Cash Application Specialist to join our dynamic and growing organization. As a Cash Application Specialist, you will play a pivotal role in ensuring the financial integrity of our organization by accurately processing payments, reconciling accounts, and resolving discrepancies in a timely and efficient manner.

• Payment Processing:
  Post payments received via Electronic Funds Transfers (EFT), lockbox files, insurance Explanation of Benefits (EOB), and manual checks or credit cards into the billing system.
• Reconciliation:
  Balance daily cash batches to remittance advices and reconcile posted checks against actual bank deposits.
• Adjustments & Denials:
  Process contractual adjustments, write-offs, and insurance denials in accordance with company policies and federal/state regulations.
• Discrepancy Resolution:
  Identify and resolve over payments, underpayments, and unidentified receipts. This includes researching misapplied payments and contacting payers to resolve application issues.

• Experience:
  
  2+ years in Cash Application or Accounts Receivable with a track record of meeting closing KPIs.
• Accounting Logic: A strong understanding of how cash applications impact the broader financial statement and the importance of a timely close process.
• Software
  
  Skills:
  
  Proficiency in Microsoft Office (Word, Excel) and strong typing skills.
• Education:
  
  High school diploma or equivalent required

• Time Management:
  Proven ability to manage high transaction volumes while meeting rigid daily, weekly, and monthly deadlines.
• Professionalism: A positive attitude with a high degree of accountability, flexibility, and the initiative to master new tasks.
• Analytical Thinking:
  Ability to recognize A/R trends, multi-task, and solve complex billing problems independently.

• Hourly salary range: $20 - $23
• Health, Dental, Vision Insurance
• 401k Match