Finance Banking Specialist

Job Description

Finance Banking Specialist | Imagine360

The Tone:
This is a full-time role at Imagine360, located remotely. Imagine360 operates as a third-party payer for self-funded health and welfare plans, showcasing a strong commitment to driving transformative change in the healthcare industry. The company continuously disrupts the market with effective solutions that deliver tangible results, aiming to improve the health and well-being of individuals and organizations through customizable service options. This position is central to the Finance team, responsible for meticulously compiling, calculating, reconciling, and posting financial data. The work directly contributes to maintaining accurate client records and producing essential financial reports for Imagine360 clients, supporting successful team outcomes and achieving quality and production metrics.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Remote, United States

• Team: Assists the Finance team
• Mission: Compiles, calculates, reconciles, and posts financial data to maintain client records and produce financial reports.
• Tech Stack: Excel

What You’ll Actually Do
• Payment Processing: Prepare physical checks for deposit based on provided task instructions, accurately closing tasks upon completion. Issue checks or prepare ACH transactions specifically for claims reimbursement payments, and subsequently post all received check deposits and outgoing payments.
• Banking Resolution: Verify, monitor, and actively resolve various funding and banking items, including processing refunds, voided checks, and reissued checks to ensure financial accuracy. Additionally, monitor accounts receivable balances and address any over/short payment discrepancies.
• Financial Reconciliations: Complete comprehensive premium and claims reconciliations accurately and timely, producing related reports for clients. Collect detailed banking transaction information, verify its accuracy, and coordinate the posting of corresponding record-keeping entries.
• Record Keeping & Reporting: Compile information and verify for accuracy client ledgers and other crucial financial reporting documents. Maintain internal control systems diligently, such as the check log and banking account ledger, adhering strictly to department policies and procedures.
• Quality Improvement: Perform reviews and/or audits of other employees’ work to ensure that quality standards and procedural measures are consistently met. Actively participate in staff and cross-departmental meetings, serving on committees or work groups to assist in improving overall quality and customer satisfaction within financial processes.

The Must-Haves
• Background: High School Diploma. Core domain knowledge in compiling, calculating, reconciling, and posting financial data.
• Experience: 2+ years related work experience. Prior bank reconciliation experience is strongly preferred, including Business Banking, Treasury Management, or Funds movement processes.
• Skills: Ability to reconcile funding accounts and transactions, working knowledge of Excel, basic bookkeeping knowledge, proficient in 10-key and typing skills, strong attention to detail.
• Bonus: Ability to follow-up on assigned work and obtain proper review, ability to gather and analyze information for problem resolution, proficient communication and interpersonal skills, positive attitude and above average customer service skills, ability to meet deadlines and interact professionally.