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Funding Specialist

Remote:

Full Remote

Contract:

Full time

Experience:

Junior (1-2 years)

Work from:

United States

Offer summary

Qualifications:

Bachelor’s degree or equivalent experience preferred, 1-2 years’ experience in a financial based role, Intermediate level experience with MS Office Suite, Functional knowledge of MS Excel formulas required, Prior experience in healthcare preferred.

Key responsabilities:

Prepare and submit funding requests
Facilitate payment transactions for providers and vendors
Monitor and record financial transactions and approvals
Communicate funding information to clients
Handle appeals for reimbursement denials

Allied Benefit Systems, LLC Unicorn https://www.alliedbenefit.com/

501 - 1000 Employees

See more Allied Benefit Systems, LLC offers

Job description

FUNDING SPECIALIST

Position Summary

The Funding Specialist is responsible for preparing and submitting funding request to clients for claims incurred by covered members of the group health plan. In addition, they help to facilitate the payment transactions either in the form of an electronic payment or paper check. These payments are for both provider and vendor payments. Other responsibilities include monitoring and recording financial transactions and approvals from clients, releasing appropriate payments to providers, as well as fulfilling other administrative functions as needed within the department.

Essential Functions

Communicate with other Allied departments to resolve claim and funding issues.
Appeal the denials or reduction of reimbursements by the stop loss carrier.
Communicate appropriately funding information and requirements to clients
Assemble weekly or daily funding request information for clients
Handle releasing payments to providers or taking action on certain payments
Record bank transactions
Process claims payments for various vendor fees
Deposit checks received in the Funding Department
Other duties as assigned

EDUCATION

Bachelor’s degree or equivalent experience preferred

Experience And Skills

1-2 years’ experience in a financial based role
Intermediate level experience with MS Office Suite (Excel, Word, Outlook, PowerPoint).
Functional knowledge and prior experience using of MS Excel formulas required.
MS Access background preferred.
Prior experience in healthcare preferred.
Excellent verbal and written communication skills.
Excellent organizational skills and attention to detail.
Excellent time management skills with a proven ability to meet deadlines.
Strong analytical and problem-solving skills.
Ability to multitask and handle varying assignments.
Ability to prioritize tasks and to delegate them when appropriate.
Ability to function well in a high-paced and at times stressful environment.

POSITION COMPETENCIES

Communication
Customer Focus
Accountability
Functional/Technical Job Skills

PHYSICAL DEMANDS

This is an office environment requiring extended sitting and computer work.

WORK ENVIRONMENT

Remote

The company has reviewed this job description to ensure that essential functions and basic duties have been included. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate.