Cash Management Specialist

Stony Brook University; New York (NY); On-site; USD 48,000 - 60,000; Full time

Job summary

An established industry player is seeking a Cash Management Specialist to provide operational support within their Cash Posting and Account Management Department. This role is pivotal in ensuring accurate cash posting, payment processing, and financial reporting. The ideal candidate will possess strong communication skills and a background in accounting or business, preferably within a healthcare setting. Join a dynamic team where your contributions will enhance financial operations and support the hospital's mission of excellence.

Benefits

Generous leave

Health plans

State pension

Location allowance

Qualifications

• Bachelor's degree required or equivalent experience in healthcare cash management.
• Excellent written and oral communication skills are essential.

Responsibilities

• Prepare daily cash deposit breakdown and cash reporting for the hospital.
• Investigate payment discrepancies and track payments posted to control accounts.

Skills

Cash Management

Communication Skills

Proficiency with Microsoft Office

Education

Bachelor's degree in Accounting, Business, or related field

Associate's degree in related field

2 years of healthcare revenue cycle experience

Tools

Spreadsheets

Job description

Job Description - Cash Management Specialist (2501828)

Cash Management Specialist

Position Summary

At Stony Brook Medicine, the Cash Management Specialist will provide operational support within the Hospital’s Cash Posting and Account Management Department. The position will support day-to-day business functions including, but not limited to: cash posting, payment processing, remittance follow-up and investigation, payment reconciliation, and financial reporting.

Duties of a Cash Management Specialist may include the following, but are not limited to:

1. Preparing and accurately completing the breakdown of daily cash deposit, revenue classification, and cash reporting for the hospital.
2. Preparing manual payment posting files for staff.
3. Investigating and following-up on payment discrepancies with the bank.
4. Accurately tracking and reconciling payments posted to control accounts.
5. Reviewing staff postings to ensure accuracy and timeliness.
6. Acting as liaison between Southampton and Eastern Long Island hospitals.
7. Identifying opportunities to convert manual posting into electronic remittances.
8. Identifying issues and patterns with payments from insurance companies and following up on missing EOBs.
9. Communicating with various levels of staff and management inside and outside of the organization.
10. Proficiency with the creation and manipulation of spreadsheets and data transformation.

Qualifications

Required:

• Candidates must possess a Bachelor's degree in Accounting, Business, Health Information Management or related field with a minimum of 6 months business experience, preferably in a healthcare setting;
  Or in lieu of a Bachelor's degree, an Associate's degree and at least 6 months of healthcare revenue cycle, or cash management and reconciliation experience;
  Or in lieu of an Associate's degree and 6 months of experience, a minimum of 2 years of healthcare revenue cycle, or cash management and reconciliation experience.
• Excellent written and oral communication skills.
• Proficiency with Microsoft Office.

Preferred:

• Experience with cash management including but not limited to balancing, reviewing, reconciliation, and understanding insurance EOBs.
• Knowledge of revenue cycle and/or business office procedures.
• Experience with processing refunds for patients and insurance.
• Experience in Insurance Verification.

Special Notes: Resume/CV should be included with the online application.

Posting Overview: This position will remain posted until filled or for a maximum of 90 days. An initial review of all applicants will occur two weeks from the posting date. Candidates are advised that for full consideration, applications must be received before the initial review date (within two weeks of the posting date).

If no candidate is selected during the initial review, additional applications will be considered until the position is filled or the posting closes. The posting will close once a finalist is identified, or after 90 days from the initial posting date.

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• Stony Brook Medicine is a smoke-free environment. Smoking is strictly prohibited anywhere on campus, including parking lots and outdoor areas.
• All hospital positions may be subject to shift and pass day changes as necessary.
• This position may require wearing respiratory protection, which may prohibit facial hair.
• This position may be designated as “essential,” requiring employees to remain at or report to work during emergencies to maintain hospital operations.

Pre-employment requirements:

• Pre-employment physical and medical clearance from Employee Health Services.
• Electronic reference check with at least three professional references.
• 4-panel drug screen.
• Regulatory pre-employment screenings.
• Proof of any required New York State licenses or certifications.

Failure to meet these requirements may delay employment start or revoke the offer.

*The department will cover any fees for examinations.

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Stony Brook University values diversity and inclusivity. All qualified applicants will receive consideration without regard to race, color, national origin, religion, sex, pregnancy, familial status, sexual orientation, gender identity or expression, age, disability, genetic information, veteran status, or other protected classes.

If you need a disability-related accommodation, please contact the University Office of Equity and Access at [phone].

In accordance with the Title II Crime Awareness and Security Act, a copy of our crime statistics can be viewed here.

Visit our WHY WORK HERE page to learn about the total rewards we offer.

Stony Brook University Hospital is committed to supporting healthier and more resilient communities locally and globally, aligning with our core values of excellence.

Anticipated Pay Range:

The starting salary is estimated at $48,709 - $59,376 per year, with an additional $3,400 for location allowance. For more details, please visit the provided link.

Your total compensation includes salary, generous leave, health plans, and a state pension.

Job Details

Job Number: 2501828

Official Job Title: TH Instructional Support Assistant

Job Field: Administrative & Professional (non-Clinical)

Primary Location: [Location]

Schedule: Full-time

Shift: Day Shift, 8:30 am - 5:00 pm, Pass Days: Sat, Sun

Posting Start Date: May 2, 2025

Posting End Date: [Date]

Salary: $48,709 - $59,376 / year

Salary Grade: SL1