Accounts Receivable Specialist Job Description

Accounts Receivable Specialist Job Description

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Accounts receivable specialist provides accurate and timely issuance of Accounts Receivable (A/R) Reports and promptly escalates issues noted for immediate resolution.

Accounts Receivable Specialist Duties & Responsibilities

To write an effective accounts receivable specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included accounts receivable specialist job description templates that you can modify and use.

Sample responsibilities for this position include:

Guide/instruct and support agency personnel encompassing all aspects of insurance and non-Medicare claims processing
Back up for AP Specialist
Provided support to achieve operational metrics & measurements (like small/residual AR)
Handling returns and deductions
Accounts receivable aging
Work TODOs daily and follow-up as necessary until it is resolved
Review EOBs for accurate contract/non contracted payments
Review all insurance correspondence daily to arrive at appropriate claim resolutions
Prepare and send written appeals with appropriate documentation
Update the patient account record to identify actions taken on the account (communicate clearly and concisely in writing)

Accounts Receivable Specialist Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Accounts Receivable Specialist

List any licenses or certifications required by the position: CPC, CRCR, HFMA, ARS, NACM, MSS, ARM, GP

Education for Accounts Receivable Specialist

Typically a job would require a certain level of education.

Employers hiring for the accounts receivable specialist job most commonly would prefer for their future employee to have a relevant degree such as Associate and Bachelor's Degree in Accounting, Finance, Education, Associates, Business, High School Education, Business/Administration, Technical, General Education, Accountancy

Skills for Accounts Receivable Specialist

Desired skills for accounts receivable specialist include:

Excel
Healthcare collection procedures and microcomputer software/hardware
CPT and ICD-10 codes
Reimbursement of health care accounts
Revenue
A/R process
Medicaid
Medicare
EDI 835 formatting helpful but not essential

Desired experience for accounts receivable specialist includes:

Review the AR aging monthly to ensure compliance
Complete refund request letters and attach appropriate documentation
Process customer invoices/credit memos on a daily basis
Issue period customers' statement of account
Apply daily customer remittances against open receivables
Reconcile monthly cash collections to bank statements

Accounts Receivable Specialist Examples

1

Accounts Receivable Specialist Job Description

Job Description Example
Our company is looking to fill the role of accounts receivable specialist. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for accounts receivable specialist
  • Process customer returns for credit
  • Address all external customer inquiries in a timely and effective manner
  • Monitor outstanding receivables balances by brokers and prepare aging schedules for management
  • High volume processing of cash receipts
  • Handling and resolving queries and unallocated cash
  • Credit reviews and analysis, credit memo and manual invoice processing, filing/archiving and balance sheet reconciliations
  • Ensure the coordination of claim activities and designated agencies, and the timely reimbursement of receivables
  • Research, resolve, and prepare claims that have not passed the payer edits daily
  • Analyze each agency's outstanding monthly accounts receivable, and process claims to obtain zero balances
  • Clear payment variances, resolving differences, and initiating corrective action
Qualifications for accounts receivable specialist
  • Speaking a language is favourable
  • Works well in a team and alone
  • Ability to build good constructive relationships with internal and external customer
  • Knowledge of legislation and best practice governing credit control
  • Conscientious, completer/finisher
  • Confidence, enthusiasm and team oriented
2

Accounts Receivable Specialist Job Description

Job Description Example
Our growing company is hiring for an accounts receivable specialist. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for accounts receivable specialist
  • Review and communicate with agencies to educate them about expectations for clean claims
  • Communicate via telephone with a physician, insurance company and patients
  • Update invoice with current billing information to bill insurance carriers
  • Update invoice with additional information regarding secondary coverage
  • Print & understand Explanation of Benefit statements in order to bill patients
  • Print and appeal claims for denials
  • Read and understand departmental SOP's for working denials or correspondence
  • Understand denials from carriers to determine next best action according to SOP's
  • Call insurance companies to verify benefit levels and check status of claims
  • Utilize insurance company websites to check benefit coverage for patients
Qualifications for accounts receivable specialist
  • Possess strong analytical skills and computer skills
  • Minimum of two years medical claims processing experience
  • Identify funds, scan images to cases and move money within the system
  • Research inclusive of but not limited to, past due accounts and checks
  • Manual filing, matching paperwork to monthly statements, results and orders
  • Mailing out and processing monthly statements, invoices, results
3

Accounts Receivable Specialist Job Description

Job Description Example
Our company is looking to fill the role of accounts receivable specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for accounts receivable specialist
  • Communicating via phone calls and emails regarding collection on delinquent accounts
  • Input of reinsurance premiums, losses and other information to the general ledger
  • Regular correspondence with back-office staff of client companies regarding overdue balances, claim payments
  • Experienced in reconciling charge backs and deductions
  • Processes customer payments in ERP system
  • Assists customers with invoicing and payment inquiries
  • Researches customer activity in the ERP system, to include cash receipts, adjustments, GL account coding and posting of cash receipts
  • Tracks and resolves outstanding payment issues
  • Processes customer credit and debit memos
  • Provide weekly updates on AR to management
Qualifications for accounts receivable specialist
  • Alpha Numeric keying
  • Background in reinsurance, insurance, banking or other similar field is strongly preferred
  • Bilingual (Portuguese/English or Spanish/English) is a must
  • Strong organizational and communications (written and oral) are required being detail-oriented
  • Some college, Associates Degree in business, accounting, bookkeeping or mathematics, desirable
  • Research and resolve accounts receivable issues with both the customer and internal account management team
4

Accounts Receivable Specialist Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of accounts receivable specialist. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for accounts receivable specialist
  • Prepare and send out invoices for billing
  • Manage and enter all incoming bills
  • Assist in monthly close procedures
  • Assist in producing insightful financial analyses and reports on a regular and ad hoc basis
  • Tracking and resolving outstanding payments
  • Billing and Accounts Receivable activities
  • Work with Contracts Administrator on job and contract set-up
  • Work closely with Project Managers to meet deadlines for customer billings
  • Collections and customer follow-up
  • Banking transaction postings
Qualifications for accounts receivable specialist
  • Support the collection efforts and calls for the accounts receivable portfolio
  • Document the daily collections activity
  • Identify bad debt exposure
  • Minimum of 3 years of experience in AR
  • Bachelor's degree is a plus dependent on experience
  • Bright and flexible team player capable of working at a rapidly growing company in a fast-paced environment
5

Accounts Receivable Specialist Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of accounts receivable specialist. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for accounts receivable specialist
  • Reviews and approves invoices for payment
  • Provides monthly analysis of unbilled AR and aging reports
  • Manage service launch
  • Oversee cash receipts and reconcile payment discrepancies
  • Proper management of AR collection and direct interfacing with customers on collection matters and dispute resolution with professional
  • Interact with Sales team to resolve outstanding issues
  • Timely and accurately prepare monthly reporting of AR aging/cash receipts/AR Collection
  • Manage commission and rebates to agencies
  • Prepare tax compliance work such as stamp duty
  • Perform other related and tasks to be assigned
Qualifications for accounts receivable specialist
  • Daily operational tasks include making daily collection calls, preparing various reports
  • Several years Account Receivable and Cash Collection experience
  • Experience with ERP system, ideally Oracle
  • Detail-orientation and accurate work style
  • Positive and pro-active work attitude
  • Strong communicator, both Email and over the phone, and on all levels incl

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