Reconciliation Specialist II

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Reconciliation Specialist II

Apply remote type Fully Remote locations Mercy Medical Center time type Full time posted on Posted 2 Days Ago job requisition id JR102376

Work Shift

Day

Scheduled Weekly Hours

40

Summary

This position supports Mercy's philosophy of patient centered care by performing reconciliation of daily journals, bank deposits, and general ledgers associated with Mercy Medical Center, Mercy Clinics, MercyCare Clinics, and MSO clients so that allocation of funds can be done accurately and timely. Requires strong problem-solving skills to gather, analyze and develop solutions to errors that impact the general ledgers for multiple organizations.

Job Description

Job Duties

• Pulls the electronic remittance advices (ERAs) from multiple websites and files from multiple collection agency websites to be uploaded into the proper management systems upon validation of the electronic funds transfers.
• Provides the finance department's reconciliation of daily cash, checks, charge cards, payroll deductions, collection payments, and electronic fund transfers deposited into multiple bank accounts, to multiple practice management systems, and to general ledger accounts. A three-way audit provides accountability of the bank, systems, and GL.
• Analyzes and problem solves all variances in reporting and deposits. Works closely with clinics and the cash application team to resolve errors. Provides training and education for the clinic deposit processes.
• Calculates and performs bank transfers from MercyCare Service Corporation account and the single business office (SBO) account, to the appropriate corporate bank accounts.
• Manages adjustments for miscellaneous deposits for interest, bonuses, incentive payments, etc. and notifications to the finance department.
• Maintains manual reporting of receipts for inactive practice management systems.
• Maintains reports to validate all daily transactions for audit purposes.
• Processes NSF checks, applies adjustments, and reconciles to daily financials.
• Communicates deposit and ERA information with outside companies processing claims under Mercy Tax ID.
• Ensures compliance with internal controls and separation of duties.
• Identifies trends to allow for training and process improvement.
• Develops written procedures for all reconciliation processes.
• Supports corporate financial audits by preparing documentation and reporting as requested.
• Provides leadership and assistance with special management projects.
• Follows Mercy's safety guidelines, carries out job-specific safety duties and responsibilities, and promptly reports any unsafe conditions, situations, incidents and injuries.

Knowledge, Skills and Abilities

• Ability to work independently and with a team.
• Strong computer skills including Microsoft Office with extensive Excel background preferred.
• Meticulous attention to detail.
• Strong problem-solving skills to gather, analyze and develop solutions.
• Knowledge of Health Care Billing Systems preferred.
• Knowledge of accounting principles and general ledger are required.

Professional Experience

• Minimum 3 years bookkeeping, banking, reconciliation of accounts, or accounting experience required.

Education

• Associate's degree in accounting, finance, or statistics or 4 years practical work experience required.

Licensure, Certification, Registration

• Preferred but not required.

Pay Rate Type

Hourly

Mercy is an independent, community-based organization supporting the Cedar Rapids area for over 120 years.

Mercy is an equal-opportunity employer. We value diversity, equity, and inclusion and therefore evaluate qualified applicants without regard to race, color, ethnicity, ancestry, sex, sexual orientation, gender identity, marital status, civil union status, parental status, religion, national origin, age, disability, veteran status, and other legally protected characteristics.