Summary of Position
As a Cash Application Specialist, you will play a pivotal role in our Billing Department, focusing on the accurate and timely posting and application of a high volume of transactions. Your primary responsibilities will include validating accounts receivable, reconciling remittances, and ensuring alignment with daily bank deposits. The Cash Application Specialist is a key contributor in our growing, fast-paced, and dynamic organization. We are seeking a highly motivated problem-solver with exceptional attention to detail, who can collaborate effectively across the organization.
Duties and Responsibilities Cash Application:
- Post and apply a high volume of customer transactions accurately and in a timely manner.
- Validate accounts receivable to ensure accuracy and completeness.
Accounts Receivables:
- Transmit claims to clearinghouse.
- Review claims and rejections to ensure our payors receive and process claims.
- Follow up on claim recoupments by reaching out to the payor.
- Delivery ticket confirmation
Reconciliation:
- Reconcile remittances received from insurances.
- Perform daily reconciliation of bank deposits.
Communication and Collaboration:
- Collaborate with internal teams to investigate and resolve discrepancies in customer and Insurance payments.
- Communicate effectively with internal departments to address any payment-related issues.
Documentation:
- Maintain organized records of all applied transactions and reconciliations.
- Generate reports as needed to support internal and external audits.
Key Competencies
- Problem-solving: Ability to identify and resolve discrepancies.
- Collaboration: Work effectively with cross-functional teams.
- Time Management: Prioritize tasks and manage time efficiently.
- Results-driven: Motivated to achieve and maintain high levels of accuracy and efficiency.
Work Environment
- Work is performed in an office setting.
Physical Demands
- Able to sit and stand for extended periods of time.
- Use of phone, computer, and office equipment.
Knowledge, Skills, and Abilities Required
- Must be able to manage a high volume of transactions and meet strict deadlines.
- Precise data entry skills and strong attention to detail to ensure accuracy of cash application.
- General knowledge of bank deposits and account reconciliation.
- Strong organization and time management skills.
- Must possess problem-solving skills, critical thinking skills and the ability to effectively read, write and articulate ideas.
- Technical proficiency and ability to learn company systems and processes.
- Adheres to the company’s values and ethical expectations.
Preferred
- Minimum of 1-3 years of experience in Accounts Receivable and Cash Application.
- Familiarity with Microsoft 365 products and proficiency with Excel.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.
Job Type: Full-time
Pay: $18.00 - $22.00 per hour
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Work Location: In person
