General Position Description:
The Accounts Receivable Lead is tasked with leading and managing the accounts receivable function. Duties include General Ledger Coding, ensuring timely receipt of payments, monitoring and maintaining A/R aging reports, and follow-up on open balances. The Accounts Receivable Lead will work closely with Accounting and Medical Billing staff.
Essential Duties and Responsibilities (With or Without Accommodation):
Monitor workload and productivity of Accounts Receivable team
Perform Accounts Receivable reconciliations from Customer level to General Ledger
Review and maintain all Receivable Customers in MS Dynamics sales module
Review and approve invoices before submittal to funding sources
Maintain procedures for posting revenue
Review revenue postings for accuracy and adjust as needed.
Process receivable payments.
Review, approve and prepare adjusting entries including Debit memos, credit memos and journal entries.
Review accounts receivables aging report on a weekly basis, and reconcile to the month-end General Ledger
Prepare a weekly A/R status report for management
Project incoming cash from Receivables on a weekly basis
Reconcile past due Sales/Receivables invoices (procedure & follow up)
Monitor resubmission of denied/rejected billings, including medical claims
Collections duties as required
Research revenue transactions from financial statements for Management
Manage lockbox procedure for deposits and review/approve all batches of deposits, cash receipts and payments (EFT, ACH, Checks, and cash)
Works closely with Medical Billing to ensure funds are received timely
Review files and financial data in preparation for annual audit.
Recommend Accounts Receivable process improvements
Complete special projects and other duties as assigned
Knowledge, Skills & Abilities (With or Without Accommodation):
Detailed knowledge of the Revenue cycle, from billing through payment and posting to the General Ledger
Adherence to, Generally Accepted Accounting Principles (US GAAP)
Mandatory HIPAA compliance due to highly confidential client information
Experience with medical billing procedures
Experience with non-profit invoicing preferred
Demonstrated experience with accounting software such as MS Dynamics, QuickBooks, Peachtree. Experience using Great Plains/Dynamics preferred
Demonstrated experience with Electronic Health Record software.
Competency in Microsoft Office applications including Word, Excel and Outlook.
Organized, detail orientated, accurate and timely in all work assignments
Strong verbal and written communication skills
Maintaining positive business relationships with internal and external clients
Possess a high degree of initiative, sound judgment and sensitivity in maintaining confidential materials and discretion
Excellent problem solving skills
Other general requirements:
Clean criminal background check and must qualify for a Class A Fingerprint card
Qualified EBF employees must have held their current position with EBF for a least twelve (12) consecutive months and, have a satisfactory performance record and have no disciplinary actions during the last twelve (12) consecutive months