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Acentra Health · 1 month ago

Banking Operations Analyst

United States

Full-time

Remote

Senior Level

$89K/yr - $112K/yr

5+ years exp

Acentra Health is dedicated to empowering better health outcomes through innovative technology and services. They are seeking a Banking Operations Analyst to ensure the integrity and efficiency of financial operations by managing cash flow and payment processing while maintaining compliance with financial regulations.

Health Care

Responsibilities

Monitor and manage program bank accounts, balances, and transaction activity

Ensure adequate funding for all provider payments, capitation runs, and refunds

Initiate or approve ACH, EFT, wire transfers, and other disbursements including automated transfers

Work closely with the client’s treasury or accounting teams to coordinate fund draws

Oversee automated and manual payment cycles

Ensure payments to providers are accurate, timely, and in compliance with federal/state rules

Resolve payment failures or returned transactions

Manage stop-payments, reissues, voids, and stale-dated checks

Perform or oversee daily, weekly, and monthly bank account reconciliations

Reconcile payment files, EFT batches, and claim payment reports

Identify and resolve reconciliation discrepancies promptly

Produce financial reports required by the funding agency, internal audit, or external auditors

Maintain internal controls related to: Segregation of duties, Authorization checkpoints, Fraud detection, System access for financial modules

Prepare or support compliance with: State and Federal financial guidelines as applicable, Audit requirements (internal, external, SOC, etc.)

Serve as the primary contact with: Banks (EFT/ACH issues, file format changes, account setup), Client fiscal offices (funding approvals, reporting), Payment processors / clearinghouses

Coordinate testing and implementation of banking file formats, e.g., NACHA, BAI2, CTX

Read, understand, and adhere to all corporate policies including policies related to HIPAA and its Privacy and Security Rules

Qualification

Treasury operationsCash managementPayment processingBank reconciliationsFinancial reportingACH/EFT processingFinancial complianceBanking file formatsAdvanced ExcelAnalytical skillsInternal controls knowledgeAudit processes knowledgeHealthcare experienceGovernment programs experienceSOC audit knowledgeCTPCPA certificationProblem-solving skillsAttention to detail