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Remittance Officer Jobs (NOW HIRING)

Highlands Oncology Group

Payment Poster

Springdale, AR · On-site

$16 - $20/hr

Verify accuracy of insurance downloaded on patient accounts when reviewing RAs (remittance advice ... Perform all related duties as required by Revenue Cycle Manager(s), Business Office Director, CFO, ...

American Food & Vending

Controller

Liverpool, NY

$165K - $200K/yr

Ensure accurate calculation, collection, and remittance of Federal Income Tax and State Sales & Use ... Support the CFO and executive team in strategic growth initiatives and expansion efforts.

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Remittance Officer information

What are Remittance Officers?

Remittance Officers are financial professionals responsible for processing and managing money transfers, especially those sent internationally or domestically by individuals or businesses. Their main duties include verifying transaction details, ensuring compliance with financial regulations, and providing customer support for remittance services. They play a crucial role in preventing fraud and ensuring funds are transferred securely and efficiently. Remittance Officers often work in banks, money transfer agencies, and financial institutions.

What are the typical daily responsibilities of a Remittance Officer?

As a Remittance Officer, your daily duties will often include processing inbound and outbound remittance transactions, verifying customer documentation for compliance, resolving transaction discrepancies, and ensuring all transactions adhere to regulatory requirements. You will also interact regularly with customers, financial institutions, and internal compliance teams to facilitate smooth fund transfers. Attention to detail, strong communication skills, and the ability to work efficiently under tight deadlines are essential for success in this role.

What is the difference between Remittance Officer vs Payment Processor?

AspectRemittance OfficerPayment Processor
CredentialsTypically requires banking or financial certificationsOften requires payment industry certifications or technical skills
Work EnvironmentBanking or financial institutions handling international/local remittancesFinancial technology companies, banks, or payment service providers
Employer & IndustryFinancial institutions, banks, remittance companiesFintech firms, banks, online payment platforms
Search & Comparison IntentUnderstanding roles in remittance servicesComparing payment processing roles

The main difference is that a Remittance Officer primarily manages international or domestic money transfers within banks or remittance companies, focusing on compliance and customer service. A Payment Processor handles the technical and operational aspects of processing electronic payments, often working with online platforms or fintech companies. Both roles require financial knowledge but differ in their focus and work environment.

What are the key skills and qualifications needed to thrive as a Remittance Officer, and why are they important?

To thrive as a Remittance Officer, you need a solid understanding of financial transactions, compliance regulations, and basic accounting principles, often supported by a degree in finance or a related field. Familiarity with remittance processing software, anti-money laundering (AML) systems, and banking platforms is typically required. Attention to detail, integrity, and strong communication skills help ensure accuracy and build trust with clients and regulatory bodies. These skills are essential for safeguarding financial transactions, ensuring regulatory compliance, and maintaining the organization's reputation.
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Remittance Officer jobs near you

Commercial Revenue Cycle Manager

Freedom Behavioral

Lake Charles, LA • On-site

Full-time

Posted 12 days ago

Job description

Salary: 40,000- 45,000 depends on experience

The role of the Revenue Cycle Manager is to bill Inpatient claims after discharge and follow the claims through the entire process of collections. This employee ensures the Revenue Cycle Management functions and processes are running smoothly on a day to day basis from Admission to Discharge, to account balance fulfillment and deposits. One must have the ability to follow defined processes on a daily basis and have extensive knowledge of insurance eligibility and verification. This employee bills for multiple hospitals at a time and must maintain immaculate organizational and time management skills to ensure accuracy and efficiency. The RCM reports directly to the Chief Executive Officer. Responsibilities include, but are not limited to:

  • Transmit claims upon discharge in a timely manner.
  • Follow claims through processing tracking and making calls as directed.
  • Adjust and correct claims as needed.
  • Submit Write off accounts upon eligibility.
  • Submit Refunds Requests as they become due.
  • Answer questions and assist the Hospital RCMs as needed.
  • Store electronic remittance advices where designated.
  • Attend meetings as scheduled.
  • Maintain a working knowledge of federal and state regulations and reimbursement policies.