Note: The job is a remote job and is open to candidates in USA. Acentra Health is dedicated to empowering better health outcomes through innovative technology and services. They are seeking a Banking Operations Analyst to manage financial operations, ensuring timely provider payments and compliance with financial regulations. The role involves overseeing cash flow, payment processing, and serving as a liaison with financial institutions and vendors.
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
Skills
- Bachelor's degree in Finance, Accounting, Business Administration, or related field (contractually required)
- 5+ years of experience in treasury operations, cash management, or payment processing
- Strong background in bank reconciliations, ACH/EFT processing, and financial reporting
- Experience working with banks, payment processors, and clearinghouses
- Familiarity with state and federal financial compliance requirements
- Proficiency in banking file formats (e.g., NACHA, BAI2, CTX)
- Advanced Excel skills and experience with financial systems or ERP platforms
- Knowledge of internal controls and audit processes
- Strong analytical and problem-solving skills
- Excellent attention to detail and accuracy
- Certified Treasury Professional (CTP) or CPA designation
- Experience in healthcare or government-funded programs
- Knowledge of SOC audit requirements and financial compliance frameworks
Benefits
- Comprehensive health plans
- Paid time off
- Retirement savings
- Corporate wellness
- Educational assistance
- Corporate discounts
Company Overview
Acentra Health is a provider of clinical services and technological solutions to government healthcare organizations. It was founded in 1994, and is headquartered in Mclean, Virginia, USA, with a workforce of 1001-5000 employees. Its website is https://acentra.com/.