Cash Reconciliation Specialist

Mack Building Co. • Allentown, PA

8d

About The Position

Reconciles monies received from the bank lock box, insurance carriers checks, patient payments, and vendors payments assigning the monies to the appropriate GL account. Completes all daily and monthly activities needed to report cash receipts to Finance by the designated deadline.

Requirements

• High School Diploma/GED
• 2 years reconciliation experience in a healthcare organization or
• 5 years experience in healthcare Finance (Accounts Payable, Accounts Receivable)
• Ability to think logically and apply mathematical concepts.
• Knowledge of generally accepted accounting procedures and principles.
• Mathematical competency to understand debits, credits, adjustments, and reconciliation.
• Proficiency in Microsoft Office applications (Excel, Word, PowerPoint, Outlook).
• Strong analytical, problem-solving, and organizational skills.
• Successful completion of DOE within 3 months of hire.

Nice To Haves

• Associate's Degree Healthcare Administration, Finance or Business

Responsibilities

• Maintains logs for multiple financial institutions of all payment batches, researches any unidentified payments, and takes the appropriate steps for resolution.
• Documents all monies received through lock box payments, paper checks received in the mail, EFT payments made directly to the bank, and credit card payments for daily reconciliation.
• Researches and resolves all reconciliation issues; provides suggestions for resolution and work flow changes to improve efficiency.
• Researches and locates missing explanation of benefits (EOB) or missing payments to ensure that the Accounts Receivable is current.
• Researches any questions regarding bank wires, checks, journal entries, and credit card payments.
• Researches the appropriate distribution and GL routing for non patient payments.
• Conducts GL transfer of funds deposited into the incorrect account.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED