Bank Reconciliation Team Lead

Riverside Health System•Newport News, VA

7d•$20 - $26

About The Position

The Bank Reconciliation Team Lead is responsible for daily reconciliation of cash receipts, EOBs, electronic remittance advices, and deposits to the bank statement. The role monitors team productivity and provides coaching and training while researching and responding to routine and complex account inquiries. The position also processes electronic payments, supports payer enrollment and related updates, covers the department in the absence of management, identifies trends and recommends improvements, provides ad hoc reporting, and completes assigned work queues.

Requirements

High school diploma or GED.
5–6 years of medical billing or revenue cycle experience.
2 years of accounting or cash management experience.
CRCR certification from the Healthcare Financial Management Association (HFMA).
Complete Change Acceleration Process Training through Riverside Health System (RHS) within 1 year.

Nice To Haves

Bachelor’s degree in Business Administration, Finance, or a related field.

Responsibilities

Reconcile daily cash receipts, EOBs, electronic remittance advices, and deposits.
Reconcile the daily bank download and diagnose reconciliation issues.
Monitor team productivity and provide coaching and training on posting functions across systems.
Process and post electronic payments and batch payments for manual posting.
Handle deposit payments electronically.
Research and respond to routine and complex account inquiries, including monitoring and responding to inquiries from the RHSCASH email.
Handle payer enrollment in EFT/ERA/EDI and address changes, and obtain EOBs.
Cover the department in the absence of management.
Identify issues and trends, analyze them, and recommend resolutions or improvements.
Provide ad hoc reporting to diagnose reconciliation issues.
Complete assigned work queues.