Bank Reconciliation Specialist

Ventra is a leading business solutions provider for facility-based physicians practicing anesthesia emergency medicine hospital medicine pathology and radiology. Focused on Revenue Cycle Management Ventra partners with private practices hospitals health systems and ambulatory surgery centers to deliver transparent and data-driven solutions that solve the most complex revenue and reimbursement issues enabling clinicians to focus on providing outstanding care to their patients and communities.

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• 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.

• 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 theclients 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)

• High School Diploma or GED.
• At least one (1) year of experience reconciling bank account deposits.
• Knowledge of payor portals is preferred.

• Ability to read understand and apply state/federal laws regulations and policies.
• Ability to communicate with diverse personalities in a tactful mature and professional manner.
• Ability to remain flexible and work within a collaborative and fast paced environment.
• Basic use of computer telephone internet copier fax and scanner.
• Basic touch 10 key skills.
• Basic Math skills.
• Understand and comply with company policies and procedures.
• Strong oral written and interpersonal communication skills.
• Strong time management and organizational skills.
• Strong knowledge of Outlook Word Excel (pivot tables) and database software skills.

• Base Compensation will be based on various factors unique to each candidate including geographic location skill set experience qualifications and other job-related reasons.

• This position is also eligible for a discretionary incentive bonus in accordance with company policies.

Equal Employment Opportunity (Applicable only in the US)
Ventra Health is an equal opportunity employer committed to fostering a culturally diverse organization. We strive for inclusiveness and a workplace where mutual respect is paramount. We encourage applications from a diverse pool of candidates and all qualified applicants will receive consideration for employment without regard to race color ethnicity religion sex age national origin disability sexual orientation gender identity and expression or veteran status. We will provide reasonable accommodations to qualified individuals with disabilities as needed to assist them in performing essential job functions.

Recruitment Agencies
Ventra Health does not accept unsolicited agency resumes. Ventra Health is not responsible for any fees related to unsolicited resumes.

Solicitation of Payment
Ventra Health does not solicit payment from our applicants and candidates for consideration or placement.

Attention Candidates
Please be aware that there have been reports of individuals falsely claiming to represent Ventra Health or one of our affiliated entities Ventra Health Private Limited and Ventra Health Global scammers may attempt to conduct fake interviews solicit personal information and in some cases have sent fraudulent offer letters.
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