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Sr. Cash Posting Manager

Posted: August 01, 2024
Salary:US$70000 - US$90000.00 per year
Location:Bellaire
Job type: Permanent
Discipline:Revenue Cycle
Reference:232037_1722552126
Work Location:On-site

Job description

Overview:

Supervise and lead the cash application team, providing guidance, training, and performance evaluations. Foster a positive and productive work environment, encouraging teamwork and continuous improvement.

Job Duties:

  • Set clear goals and performance expectations for a team.
  • Manage the daily cash application process, ensuring accurate and timely posting of payments, including checks, wire transfer, ACH payments, and credit card transactions.
  • Oversee the reconciliation of payment discrepancies and ensure proper handling of unapplied cash.
  • Ensure that all payments are posted in compliance with company policies and procedures.
  • Identify and implement process improvements to enhance efficiency and accuracy in cash application operations.
  • Identify needs for technology and automation to streamline processes and reduce manual intervention.
  • Prepare and review daily, weekly, and monthly reports on cash application performance, highlighting key metrics and trends.
  • Conduct regular audits to ensure accuracy and compliance with financial controls.
  • Provide insights and recommendations to senior management based on data analysis.
  • Maintain strong internal controls to safeguard company assets and ensure compliance with accounting principles and regulatory requirements.
  • Ensure adherence to company policies and procedures related to cash application and accounts receivable.
  • Address issues with EOB retrieval for unapplied cash, set-up ERA/EFT to minmize paper remittances/payments.

Required Qualifications:

  • Bachelor's Degree
  • 10 years Cash Application experience
  • 4 years Managerial Experience
  • Must be willing to be in office 5 days a week

Preferred Qualifications:

  • Extensive Accounts Receivable background
  • Auditing experience

Soft Skills:

  • Team player
  • Organized
  • Excellent communication