Financial Transaction Specialist
6 days ago
The Financial Transaction Specialist will be responsible for performing various accounting functions within a multi-company organization. This role involves aspects of the accounts receivable cycle, including the posting of cash receipts and the daily reconciliation of the balance sheet.
Key Responsibilities:
- Post all cash receipts in TIMS, Microsoft Navision, and TOMS software for Durable Medical Equipment, Pharmacy, and Patient Services.
- Scan EOBs per patient into TOMS and track unidentified payments/checks.
- Communicate with insurance companies to resolve payment issues and forward checks to the collections department when necessary.
- Determine settlements and cash received for individual portfolios.
- Post write-offs, credit adjustments, return inventory, refund requests, and billing corrections for all portfolios.
- Reconcile cash, including electronic transfers of payment.
- Identify and process standard account balance write-offs.
- Maintain electronic filing systems associated with cash application.
- Research and post stopped payments.
- Run daily Transaction Report and reconcile to cash deposit.
- Balance the Daily Reconciliation Sheet.
- Update Unreconciled/Reconciled Cash Reports and Refund Report.
Requirements:
- 5+ years of related Cash Applications experience.
- Proficiency with TIMS software.
- Preferred experience in AR roles in small to medium-sized, fast-paced environments.
- Background in the medical industry is a plus.
- Proficient in MS Office programs, including Word, Excel, and other standard software.
- Ability to perform mathematical calculations with accuracy.
Qualifications:
- High School Diploma/GED required; Associate's degree preferred.
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