Bank Reconciliation Specialist

Job Description

Bank Reconciliation Specialist | Ventra Health

The Tone:
This is a full-time role at Ventra Health, a leading business solutions provider for facility-based physicians practicing anesthesia, emergency medicine, hospital medicine, pathology, and radiology. Ventra Health focuses on Revenue Cycle Management, partnering with healthcare entities to deliver transparent solutions that address complex revenue and reimbursement issues. This role is crucial for ensuring accurate and timely payment processing, which directly supports healthcare providers across the country in focusing on outstanding patient care. The specialist’s work is foundational to the financial operations that enable Ventra Health’s mission.

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

• Team: Reports to a supervisor within the payment posting process team.
• Mission: To perform the initial steps of the payment posting process, ensuring all deposits and remits are accurately reconciled and processed in a timely manner.
• Tech Stack: Outlook, Word, Excel (pivot tables), database software, bank portals, document management system, internet.

What You’ll Actually Do
• Reconciliations: Create monthly bank reconciliations for individual clients and place prior day deposits onto the monthly reconciliation log daily.
• Data Management: Log into bank portals daily to download and save bank statements, Lockbox, and Correspondence files, then rename and upload them.
• Reporting & Monitoring: Input new daily deposit totals for dashboard reporting and update post logs to align with bank statements.
• Variance Resolution: Investigate and resolve posting variances found in bank statements and coordinate with relevant teams to resolve reconciliation log variances.
• Payment Tracking: Perform daily checks to identify remits not posted within three days, monitor daily ERA checks, and provide insurance and check details for ERA setups as needed.

The Must-Haves
• Background: Entry-Level. High School Diploma or GED required, with a core understanding of bank account reconciliation processes.
• Experience: At least one (1) year of experience reconciling bank account deposits.
• Skills: Strong knowledge of Outlook, Word, Excel (including pivot tables), and database software; basic 10-key and math skills; strong time management, organizational, and communication skills.
• Bonus: Knowledge of payor portals is preferred.