Cash Application Analyst

Immediate need for a talented Cash Application Analyst. This is a 03 Months Contract opportunity with long-term potential and is located in Philadelphia, PA (Hybrid). Please review the job description below and contact me ASAP if you are interested.

Job ID:26-08020

Pay Range: $20 - $22/hour.  Employee benefits include, but are not limited to, health insurance (medical, dental, vision), 401(k) plan, and paid sick leave (depending on work location).
 
Key Responsibilities:

• Using established procedures to correctly identify and input premium & non-premium payments into the corresponding systems
• Perform required cross-checks to ensure quality and integrity of data entered.
• Ensure proper MAR and internal controls are utilized for all tasks completed
• Utilize various systems to research payments received in-house or presented via bank imaging tools.
• Collaborate with internal business partners such as Accounting, Billing, and AR to ensure payments are allocated and/or reconciled appropriately
• Build relationships with external business partners to include bank vendors in research and resolution of payment issues
• Understand the time constraints and deadlines associated with payment research and application to ensure all Service Level Agreements (SLAs) are met
• Complete batching and prepping of incoming mail in alignment with internal controls
• Ensure timely research and application of payments generated on daily exception report in alignment with peak and off-peak periods (i.e. Open Enrollment)
• Complete daily reconciliation of premium receipts and resolve variances as required
• Insight into the types of payment adjustments, their use, and customer impact
• Understanding of how daily deliverables impact internal and external business partners as well as the overall customer experience
• Research and complete inquiries in accordance with internal SLAs
• Suggest, develop, and implement process improvements
• Awareness of expected outcomes of daily deliverables and proactive resolution of exceptions
• Perform other tasks as business needs require
• Will participate in projects as needed

Key Requirements and Technology Experience:

• Skills-Bachelor’s Degree or equivalent with up to 3 years relevant work experience
• Ability to effectively manage competing priorities
• Ability to actively engage with team members in completion of daily tasks, problem resolution, and strategic planning
• Ability to analyze data and draw logical conclusions as to root cause
• Must be able to function in a fast-paced environment, with a strong emphasis to details
• Excellent written and verbal communication skills
• Proficient with Microsoft Excel, Word, and Outlook
• Treasury experience in Healthcare / Insurance Industry preferred
• Having knowledge of Web based applications and PeopleSoft experience a preferred

Our client is a leading Healthcare Industry and we are currently interviewing to fill this and other similar contract positions. If you are interested in this position, please apply online for immediate consideration.
 
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