Cash Reconciliation -- F&A Operations

The Reconciliation Senior Associate independently solves complex problems. The individual integrates in-depth recon area knowledge with a solid understanding of industry standards and practices.\nProfile Description\n\nGood understanding of insurance accounting, good accounting background and reporting understanding, understanding of reconciliation, open items, resolution of open items.\nMonitors and manages incoming payments.\nRetrieves and posts remittances from applicable payor websites when the remittance is not available from clearinghouse.\nReviews remittances for applicable adjustments, and transfers balance to secondary or patient responsibility when appropriate.\nResponds to questions related to payment application and works closely with onshore Team to resolve any account variances.\nResearches and corrects keying errors as needed.\nDocumenting the root cause and discrepancies and generating the reports based on department protocols.\nDocumenting the results of research and amends appropriate systems as required to reconcile payments.\nIdentifying trends in improved internal processes, systems, etc. as needed.\nConforming to the defined platform, client, payer, and/or internal standard operating procedures (sops) and/or other applicable guidelines and regulations in completing job duties.\nEnsuring all workflow items are completed within the set turn-around-time within quality expectations.\nReconciling payments to ensure the accounting system reflects the correct transactions\nPerforming daily financial transactions such as verifying, calculating and posting accounts receivable data\nDesired Experience and Skillset\n\nAny relevant accounting college degree with 3-7 years of experience.\nGood Knowledge on technical accounting.\nGood understanding of insurance accounting, understanding on basic too complex to technical accounting, good understanding and working experience on reconciliation processes.\nShould have accounting expertise, good knowledge of accounting standards and regulations, considerable knowledge of internal and external account audits,\nWorking knowledge of spreadsheet applications and software applications and advanced financial statement preparation skills.\nDetail oriented with strong mathematical and organizational skills\nAbility to report as the right level according to requirement (Headline, Summary, Detail).\nEffective verbal and written communications skills\nHighly proficient in the use of common business applications such as Excel, Word, Access, Outlook, Teams\nHigh level of competency with Reconciliation