Our client is looking for entry level candidates for a "Cash Application Analyst position" that sits within accounting. This is with a very stable industry (health insurance) and offers superb benefits. This is a true contract to hire opportunity, and candidates convert after the 90 days period. Located in a prime location right downtown.
·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