Financial Advocate

Mercy Cedar Rapids; United States; Remote; USD 60,000 - 80,000; Full time

Job summary

A leading organization in Cedar Rapids seeks a financial support specialist to assist with patient-centered care by managing financial matters. The role involves reconciling accounts, analyzing variances, and ensuring compliance with internal controls. Candidates should possess strong problem-solving skills and an associate's degree in accounting or finance, along with a minimum of three years of relevant experience.

Qualifications

• Minimum 3 years of bookkeeping, banking, or accounting experience required.
• Knowledge of accounting principles and general ledger is required.
• Knowledge of Health Care Billing Systems preferred.

Responsibilities

• Pulls electronic remittance advices and manages daily cash reconciliation.
• Analyzes variances in reporting and provides training for clinic deposit processes.
• Ensures compliance with internal controls and develops written procedures.

Skills

Attention to detail

Problem-solving

Teamwork

Independent work

Microsoft Office

Education

Associate's degree in accounting, finance, or statistics

Job description

Work Shift

Day

Scheduled Weekly Hours

40

Summary

This position supports Mercy's philosophy of patient centered care by providing compassionate assistance to patients regarding financial matters associated with services provided by Mercy Medical Center and MSO clients.

Job Description

Job Duties

• Pulls the electronic remittance advices (ERAs) from multiple websites and files from multiple collection agency websites to be uploaded into the proper management systems upon validation of the electronic funds transfers.
• Provides the finance department's reconciliation of daily cash, checks, charge cards, payroll deductions, collection payments, and electronic fund transfers deposited into multiple bank accounts, to multiple practice management systems, and to general ledger accounts. A three-way audit provides accountability of the bank, systems, and GL.
• Analyzes and problem solves all variances in reporting and deposits. Works closely with clinics and the cash application team to resolve errors. Provides training and education for the clinic deposit processes.
• Calculates and performs bank transfers from MercyCare Service Corporation account and the single business office (SBO) account, to the appropriate corporate bank accounts.
• Manages adjustments for miscellaneous deposits for interest, bonuses, incentive payments, etc. and notifications to the finance department.
• Maintains manual reporting of receipts for inactive practice management systems.
• Maintains reports to validate all daily transactions for audit purposes.
• Processes NSF checks, applies adjustments, and reconciles to daily financials.
• Communicates deposit and ERA information with outside companies processing claims under Mercy Tax ID.
• Ensures compliance with internal controls and separation of duties.
• Identifies trends to allow for training and process improvement.
• Develops written procedures for all reconciliation processes.
• Supports corporate financial audits by preparing documentation and reporting as requested.
• Provides leadership and assistance with special management projects.
• Follows Mercy's safety guidelines, carries out job-specific safety duties and responsibilities, and promptly reports any unsafe conditions, situations, incidents and injuries.

Knowledge, Skills and Abilities

• Ability to work independently and with a team.
• Strong computer skills including Microsoft Office with extensive Excel background preferred.
• Meticulous attention to detail.
• Strong problem-solving skills to gather, analyze and develop solutions.
• Knowledge of Health Care Billing Systems preferred.
• Knowledge of accounting principles and general ledger are required.

Professional Experience

• Minimum 3 years bookkeeping, banking, reconciliation of accounts, or accounting experience required.

Education

• Associate's degree in accounting, finance, or statistics or 4 years practical work experience required.

Licensure, Certification, Registration

• Preferred but not required.

Pay Rate Type

Hourly

Mercy is an independent, community-based organization supporting the Cedar Rapids area for over 120 years.

Mercy is an equal-opportunity employer. We value diversity, equity, and inclusion and therefore evaluate qualified applicants without regard to race, color, ethnicity, ancestry, sex, sexual orientation, gender identity, marital status, civil union status, parental status, religion, national origin, age, disability, veteran status, and other legally protected characteristics.