Financial Reconciliation Professional

3 days ago

Tiruchi, Tamil Nadu, India beBeeAccountant Full time ₹ 55,00,000 - ₹ 85,00,000
Job Overview

We are seeking a highly skilled Reconciliation Specialist to join our team. In this role, you will be responsible for independently solving complex problems, integrating in-depth reconciliation area knowledge with a solid understanding of industry standards and practices.

Responsibilities include gathering, posting, and reconciling payments received by the Revenue Team, including daily, weekly, and monthly reconciliation. The ideal candidate must have a good understanding of insurance accounting, a strong accounting background, and reporting understanding, as well as expertise in reconciliation, open items, and resolution of open items.

  • Key Responsibilities:
  • Monitor and manage incoming payments.
  • Retrieve and post remittances from applicable payor websites when the 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 the root cause and discrepancies and generate reports based on department protocols.
  • Document the 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 the accounting system reflects correct transactions.
  • Perform daily financial transactions such as verifying, calculating, and posting accounts receivable data.

Required Skills:
Any relevant accounting college degree with 3-7 years of experience.
Good knowledge on technical accounting.
Good understanding of insurance accounting and reconciliation processes.
Accounting expertise, good knowledge of accounting standards and regulations, considerable knowledge of internal and external account audits.
Working knowledge of spreadsheet applications and software applications and advanced financial statement preparation skills.
Detail-oriented with strong mathematical and organizational skills.
Ability to report at the right level according to requirement (Headline, Summary, Detail).
Effective verbal and written communications skills.
Highly proficient in the use of common business applications such as Excel, Word, Access, Outlook, Teams.
High level of competency with Reconciliation.

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