Financial Transactions Specialist

6 days ago


Dindigul, Tamil Nadu, India beBeeExpert Full time ₹ 80,00,000 - ₹ 1,20,00,000
Job Description

The Reconciliation Specialist is responsible for gathering, posting, and reconciling payments that are received by Revenue Team, including daily and weekly and monthly reconciliation. The individual integrates in-depth recon area knowledge with a solid understanding of industry standards and practices.

Key Responsibilities:

  • Good understanding of insurance accounting, good accounting background and reporting understanding, understanding of reconciliation, open items, resolution of open items.
  • Monitors and manages incoming payments.
  • Retrieves and posts remittances from applicable payor websites when the remittance is not available from clearinghouse.
  • Reviews remittances for applicable adjustments, and transfers balance to secondary or patient responsibility when appropriate.
  • Responds to questions related to payment application and works closely with onshore Team to resolve any account variances.
  • Researches and corrects keying errors as needed.
  • Documenting the root cause and discrepancies and generating the reports based on department protocols.
  • Documenting the results of research and amends appropriate systems as required to reconcile payments.
  • Identifying trends in improved internal processes, systems, etc. as needed.
Required Skills and Qualifications

Any relevant accounting college degree with 3-7 years of experience.

Good Knowledge on technical accounting.

Detail oriented with strong mathematical and organizational skills

Effective verbal and written communications skills

Highly proficient in the use of common business applications such as Excel, Word, Access, Outlook, Teams

Benefits

Ensuring all workflow items are completed within the set turn-around-time within quality expectations.

Reconciling payments to ensure the accounting system reflects the correct transactions

Performing daily financial transactions such as verifying, calculating and posting accounts receivable data

Others

High level of competency with Reconciliation



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