Note: The job is a remote job and is open to candidates in USA. Acentra Health provides technology, services, and clinical expertise to support better health outcomes, particularly for public-sector healthcare programs. The Banking Operations Analyst manages cash flow, payment processing, bank account activity, reconciliations, financial reporting, internal controls, compliance, and coordination with banks, vendors, and client fiscal offices.
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
- The list of responsibilities is not intended to be all-inclusive and may be expanded to include other education- and experience-related duties that management may deem necessary from time to time
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
- For non-clinical roles, or when not required by the contract specifically, the Company acknowledges that practical, hands-on experience can provide skills and competencies equivalent to formal education. As such, in cases where a Bachelor's degree may be required, the Company will accept a minimum of six (6) years of directly relevant professional experience in lieu of a degree
- In instances where the candidate has an Associate's degree, the Company will accept a minimum of three (3) years of directly relevant professional experience in lieu of the Bachelor's degree
- 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