Reconciliation Expert

1 week ago

Surat, Gujarat, India beBeeReconciliation Full time ₹ 7,92,000 - ₹ 10,99,500

Job Summary

We are seeking an experienced Reconciliation Specialist to join our team. The successful candidate will be responsible for gathering, posting, and reconciling payments received by the Revenue Team.

The ideal candidate will have a good understanding of insurance accounting, strong analytical skills, and the ability to work independently in a fast-paced environment.

Main Responsibilities

  • Gather, post, and reconcile payments received by the Revenue Team
  • Monitor and manage incoming payments
  • Retrieve and post remittances from applicable payor websites when remittance is not available from clearinghouse
  • Review remittances for applicable adjustments and transfer balance to secondary or patient responsibility when appropriate
  • Respond to questions related to payment application and work closely with onshore team to resolve any account variances
  • Research and correct keying errors as needed
  • Document root cause and discrepancies and generate reports based on department protocols
  • Document results of research and amend appropriate systems as required to reconcile payments
  • Identify trends in improved internal processes, systems, etc. as needed
  • Conform to defined platform, client, payer, and/or internal standard operating procedures (SOPs) and/or other applicable guidelines and regulations in completing job duties
  • Ensure all workflow items are completed within set turn-around-time within quality expectations
  • Reconcile payments to ensure accounting system reflects correct transactions
  • Perform daily financial transactions such as verifying, calculating, and posting accounts receivable data

Requirements

  • Bachelor's degree in Accounting or relevant field
  • 3-7 years of experience in reconciliation and financial analysis
  • Strong knowledge of technical accounting and insurance accounting principles
  • Good understanding of industry standards and practices
  • Excellent analytical and problem-solving skills
  • Ability to work independently and as part of a team
  • Effective verbal and written communication skills
  • Highly proficient in Microsoft Office applications, especially Excel
  • High level of competency in reconciliation and financial analysis

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