Financial Transaction Specialist

14 hours ago


Nellore, Andhra Pradesh, India beBeeReconciliation Full time ₹ 8,00,000 - ₹ 12,00,000
Job Description\Helpers and Responsibilities:\pThe Reconciliation Specialist is accountable for gathering, posting, and reconciling payments received by the Revenue Team. This includes daily, weekly, and monthly reconciliation tasks.\pThe individual in this position independently resolves complex problems by integrating their in-depth knowledge of the reconciliation area with a solid understanding of industry standards and practices.\h2>Key Responsibilities:\uli>\ilisting style='none'=\\[li]Gathering, Posting, and Reconciling Payments:\\Reconciliation Specialist gathers, posts, and reconciles payments received from various sources.\\[li]Complex Problem Solving:\\Individual independently resolves complex problems by combining deep reconciliation area knowledge with a thorough understanding of industry standards and best practices.\\[li]Monitoring and Managing Incoming Payments:\\Reconciliation Specialist monitors and manages incoming payments to ensure timely processing and accurate reconciliation.\\[li]Retrieving and Posting Remittances:\\Individual retrieves and posts remittances from applicable payor websites when available or uses alternative methods as needed.\\[li]Reviewing Remittances:\\Reconciliation Specialist reviews remittances for applicable adjustments and transfers balances accordingly.\\[li]Responding to Questions:\\Individual responds to questions related to payment application and collaborates with onshore teams to resolve account variances.\\[li]Researching and Correcting Keying Errors:\\Reconciliation Specialist researches and corrects keying errors as needed.\\[li]Documenting Root Cause and Discrepancies:\\Individual documents root cause and discrepancies and generates reports based on department protocols.\\[li]Amending Systems:\\Reconciliation Specialist amends appropriate systems to reconcile payments accurately.\\[li]Identifying Trends:\\Individual identifies trends in improved internal processes and recommends enhancements.\\[li]Conforming to Guidelines and Regulations:\\Reconciliation Specialist ensures adherence to defined platform, client, payer, and/or internal standard operating procedures (SOPs) and applicable guidelines and regulations.\\[li]Ensuring Turnaround Times:\\Individual ensures all workflow items are completed within set turnaround times while maintaining quality expectations.\\[li]Reconciling Payments:\\Reconciliation Specialist reconciles payments to ensure the accounting system reflects accurate transactions.\\[li]Performing Daily Financial Transactions:\\Individual performs daily financial transactions, including verifying, calculating, and posting accounts receivable data.",

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