Bank Reconciliation Specialist
Ventra · Chennai · onsite · Posted 65d ago
Undisclosed1–5 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
Overview
- The Bank Reconciliation Specialist is responsible for performing the initial steps in the payment posting process. Daily assignments are provided by the supervisor, and the specialist must develop a plan to complete assigned worklists by the end of each day. The Bank Reconciliation Specialist must comply with applicable billing standards and operate effectively in a team-oriented environment, delivering superior service to providers across the country.
Responsibilities
- Create monthly reconciliations for individual clients. (Monthly)
- Log into bank portals to download bank statements using Month-to-Date filtering and save them to the designated client folder for the current month. (Daily)
- Download Lockbox and Correspondence files. (Daily)
- Rename Lockbox and Correspondence files according to standard file naming conventions and upload them to the document management system. (Daily)
- Input new daily deposit totals from the previous business day for dashboard reporting. (Daily)
- Place prior day deposits on the client's monthly reconciliation log. (Daily)
- Update post logs daily for current and prior month reconciliations to ensure alignment with the bank statements. (Daily)
- Research and upload any missing remits for posting. (Daily)
- Investigate and resolve posting variances found in the bank statement. (Daily/Weekly)
- Perform daily checks to identify any remits not posted within 3 days and coordinate with the posting team for timely completion. (Daily/Weekly)
- Investigate and coordinate with relevant teams to resolve any variances identified in the reconciliation logs. (Weekly/Monthly)
- Monitor daily ERA checks to ensure they are posting automatically; notify the supervisor if any ERAs are not being received. (Daily/Weekly)
- Provide insurance and check details for ERA setups when necessary. (Weekly/Monthly)
- Review and compare reported deposits against Bank Statement totals to verify that all data is accurate, reconciled, and up-to-date. (Weekly)
- Identify Ventra and Non-Ventra payments.
- Ensure all daily, weekly, and monthly tasks are completed accurately and do not require rework or cross-checking. (Daily/Weekly/Monthly)
Qualifications
- High School Diploma or GED.
- At least one (1) year of experience reconciling bank account deposits.
- Knowledge of payor portals is preferred.
Sourced from naukri
Skills
Customer ServiceAccounts PayableCashier ActivitiesGold LoanBillingDepositsRTGSFund TransferInvestigationPaymentsBank ReconciliationoperationsAccountingreportingbanking operationsreconciliationfinanceBranch ManagementBranch OperationsCash HandlingCash
About Ventra Health
Ventra
Healthcare
3k+
employees
2021
5 years old
Chennai, India
India
₹4.9L PA avg
Avg at Ventra Health
About
Revenue cycle management and advisory services for facility-based physicians
Industries
Healthcare
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