Senior Coordinator, Cash Application Reconciliation Specialist

CVS Health • Monroeville, PA

2d • $19 - $35

About The Position

At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care. As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues - caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day. Position Summary Responsible for overseeing and executing the cash reconciliation process within the organization, with expanded responsibilities that include forward balance reconciliation, provider-level adjustment research, and proactive communication with payers and clients. This is a role requiring strong analytical skills, exceptional communication abilities, and a self-starter mindset. The ideal candidate will ensure accurate cash management, resolve discrepancies, and implement efficient processes to enhance overall financial integrity.

Requirements

• Strong problem-solving and decision-making skills.
• Ability to work independently and manage multiple priorities.
• Working knowledge of Specialty Healthcare industry practices.
• Specialty Healthcare industry knowledge
• At least 1 year of cash reconciliation experience

Nice To Haves

• Excellent analytical and communication skills.
• Bachelor Degree preferred

Responsibilities

• Maintain daily cash reconciliation processes, ensuring all transactions are accurately recorded and discrepancies are promptly resolved.
• Perform manual payment posting and reconciliation.
• Conduct forward balance reconciliation to identify and resolve outstanding balances.
• Research and analyze provider-level adjustments (PLBs) to ensure accurate application and reporting.
• Communicate effectively with payers and clients to resolve issues, clarify discrepancies, and maintain strong relationships.
• Collaborate across departments to streamline workflows and improve reconciliation processes.
• Identify process improvement opportunities and assist in implementing best practices.

Benefits

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan .
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 5,001-10,000 employees