Overview

- 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 workplace, delivering superior service to providers across the country.

Responsibilities

- 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 the client's 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)

Qualifications

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

📌 Bank Reconciliation Specialist (Chennai)
🏢 Ventra Health
📍 Chennai