An Accounts Receivable Specialist receives payments for goods and services, and records these transactions accordingly. This will include securing revenue by verifying and posting receipts, and resolving any discrepancies.
General Purpose: To provide financial, clerical and administrative services to ensure efficient, timely and accurate payment of accounts under his or her control.
Medical billing experience is a MUST, dental office experience is preferred.
Job Description Duties:
- Maintaining the billing system and unapplied payment report
- Generating and sending out invoices and account statements
- Performing account reconciliations
- Maintaining accounts receivable files and records
- Producing monthly financial and management reports
- Investigating and resolving any irregularities or enquiries/payment discrepancies
- Fee Negotiations with insurance companies
- Claim submissions
- Handle appeals with insurance companies
- Collection calls/ collection agency tracking and submissions\
- Attachment familiarity with insurances
- Assisting in general financial management and analysis
- Follow up on, collect and allocate payments
- Carry out billing, collection and reporting activities according to specific deadlines
- Monitor customer account details for non-payments, delayed payments, open balances and other irregularities
- Review AR aging to ensure compliance
- Follow established procedures for processing receipts, cash, etc.
- Process credit card payments, memos, adjustments and applications
- Help prepare bank deposits if needed
- Develop a recovery system and initiate collection effortsAssist with month-end closing
- Collect data and prepare monthly metrics
- Contact customers for payment on past due accounts
- New customer set up and account maintenance
- Respond to inquiries from customers, and research/resolve outstanding credit issues
- Monitor credit holds in Account Receivable
- Process release of lien requests
- Handle customer payments received in house and send to lock box when necessary
- Process tax-exempt certificates
- Work with salespeople on their accounts/collections
Education Required:
High school diploma or equivalent
*A bachelor’s degree is not technically required for an A/R role, but experience in accounting is*
If you have a degree, it should be in one of the following fields:
- Accounting
- Finance or Economics
- Business Studies or Administration
- Mathematics
Experience:
- Knowledge of accounts receivable
- Knowledge of office administration and procedures
- Knowledge of general bookkeeping procedures
- Knowledge of general accounting principals
- Knowledge of regulatory standards and compliance requirements
- 1-3 years accounts receivable and general accounting experience
Skills:
- An ability to prioritize and manage expectations
- An ability to work independently
- The ability to communicate articulately and efficiently with other people within the company
- Information management
- Problem analysis and problem solving skills
- Stress tolerance
- Sense of urgency
- Tenacious
- Customer service skills
- Detail-oriented, strong organizational skills
- Computer proficiency in Windows, Word, Excel, and PowerPoint
- Excellent telephone skills
- Team player – ability to share information within the department and company
Pay: $20.00 - $26.00 per hour