Financial Transaction Specialist

1 week ago

Erode, Tamil Nadu, India beBeeReconciliation Full time ₹ 8,00,000 - ₹ 12,00,000
Reconciliation Senior Associate Role

The Reconciliation Senior Associate is responsible for managing and processing payments, ensuring accuracy and efficiency in financial transactions.

This role involves reviewing and posting remittances, researching and correcting keying errors, and generating reports based on department protocols.

Key responsibilities include:

  • Monitor and manage incoming payments to ensure timely reconciliation
  • Retrieve and post remittances from applicable payor websites when not available from clearinghouse
  • Review remittances for applicable adjustments and transfer balances to secondary or patient responsibility as needed
  • Respond to questions related to payment application and work closely with onshore teams to resolve account variances
  • Research and correct keying errors as needed
  • Document root causes and discrepancies and generate reports based on department protocols
  • Document research results 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:

  • Relevant accounting college degree with 3-7 years of experience
  • Good knowledge on technical accounting
  • Good understanding of insurance accounting, basic to complex technical accounting, and working experience on 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 common business applications such as Excel, Word, Access, Outlook, Teams
  • High level of competency with Reconciliation

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