Accounts Receivable Specialist Job Description
Job summary 1
The purpose of the Accounts Receivable Specialist is to ensure that all customer accounts are kept current and paid within payment terms. Under general supervision, the clerk will organize a recovery system and initiate collection efforts of all delinquent customer accounts. The position consists of various financial, clerical, and administrative duties including, but not limited to preparing initial and follow-up letters, collection calls to clients, data entry, and resolving routine problems. This position interacts regularly with both external and internal customers.
Duties & Responsibilities 1
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Requirements & Skills 1
Job summary 2
We are seeking an Accounts Receivable Specialist to utilize Epic to review and satisfy billing edits, charge information, private or government insurance benefits, and other related information from multiple billing and documentation servers (for multiple hospitals, clinics, and insurance companies) while resolving account balances and removing barriers to cash flow. Ensure appropriate use of adjustment codes and activity codes to allow for appropriate workflow and trending. Proactively identify opportunities to improve business results and/or to alert business units of trends, anomalies or health plan rules and decisions, etc. that need attention. Escalate unresolved issues appropriately, and quickly and recommend solutions to minimize future problems. Must be able to meet primary productivity and performance standards. Make appropriate decisions on account activity consistent with approved authority levels.
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Job summary 3
The Accounts Receivable Specialist oversees all daily A/R functions. This role requires someone who can build trustful relationships that will guarantee timely payments. The Accounts Receivable Specialist should possess outstanding communication and negotiation skills, as well as knowledge of laws and policies for debt collections. This position will report to the Accounts Receivable Manager.
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Job summary 4
An Accounts Receivable Specialist possesses and applies thorough knowledge of collections and the ability to apply that knowledge to all aspects of patient accounts including insurance, billing, and collection processes. They Identify problem accounts and review accounts for discrepancies and potential issues. The Accounts Receivable Specialist will also contact insurance companies to resolve claims not paid promptly, identify coding or billing issues from EOB and work to correct errors with the audit team or client. The Accounts Receivable Specialist is responsible for researching and resolving claim-related issues to receive maximum profitability for clients. Also reviews the claims to make sure that payer-specific billing requirements are met, follows up on billing, and determines and updates accounts as necessary.
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Job summary 5
Are you looking to work for an organization with an inspiring mission? Are you team-oriented, motivated, and enjoy working with numbers? If yes, this might be an ideal position for you. We are searching for an Accounts Receivable Specialist to join our growing Finance team. This is a full-time, hourly, non-exempt position. The successful candidates will enjoy working in a team environment within a dynamic organization, enjoy resolving challenges, data input, and wearing many hats. This position requires knowledge of working with other departments and families to ensure accurate billing of fees/services. As this position involves extensive interpersonal contact within and outside the organization it requires a strong attitude of professionalism and team building.
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Requirements & Skills 5
Job summary 6
The Accounts Receivable Specialist will work with assigned customer accounts to promote and maintain accuracy in all Accounts Receivable operations, including overseeing and processing incoming payments, and ensuring incoming revenue is secured properly through accurate verification and posting of receipts. The Accounts Receivable Specialist will also be responsible for ad hoc duties and projects assigned by the Director of Accounting.
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Job summary 7
The Accounts Receivable Specialist position is a key role that maintains strong client and internal colleague relations through the timely and accurate management of the Company’s billing and invoicing functions.
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Job summary 8
Accounts Receivable Specialist will be responsible for tracking accounts receivable for a growing construction company and resolving outstanding payment issues.
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Requirements & Skills 8
Job summary 9
The Accounts Receivable Specialist computes, classifies, and records numerical data to keep financial records complete. Performs any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings about business transactions recorded by other workers.
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Job summary 10
The Accounts Receivable Specialist will facilitate contract implementation and revenue pull-through activities, both proactive and reactive, with internal and external parties. This position will ensure the public and private payer reimbursement and that billing and payment processes are efficient, timely, and in compliance with corporate goals, contracts, and/or regulations.
Duties & Responsibilities 10
Requirements & Skills 10
Frequently asked questions
What are the duties of accounts receivable specialist?
An accounts receivable specialist is responsible for managing the financial transactions of a company, specifically the money owed to the company by its customers. Their primary role is to ensure that invoices are accurate, payments are received promptly, and customer accounts are reconciled.
The duties of an accounts receivable specialist may include:
Creating and issuing invoices to customers
Reconciling customer accounts and resolving discrepancies
Monitoring customer payments and following up on late payments
Maintaining accurate and up-to-date financial records
Processing customer refunds or credits
Providing customer service and responding to inquiries about invoices or account balances
Working with other departments, such as sales or customer service, to resolve customer account issues.
What skills are needed for an accounts receivable specialist?
To be a successful accounts receivable specialist, one should possess the following skills:
Strong attention to detail and accuracy in financial record-keeping and analysis
Excellent communication and interpersonal skills
Knowledge of accounting principles and practices
Proficiency in using accounting software and tools
Ability to work independently and manage multiple priorities and deadlines
Strong problem-solving and analytical skills
Customer service orientation and ability to work well with others.
In summary, an accounts receivable specialist is responsible for managing financial transactions related to the money owed to a company by its customers. They need to possess strong attention to detail, communication, and analytical skills, as well as knowledge of accounting principles and proficiency in using accounting software and tools. They also need to be able to work independently and manage multiple priorities and deadlines, have a customer service orientation, and be able to collaborate effectively with other departments.
