[Remote] Banking Operations Analyst

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