Banking Operations Analyst

Overview

A growing organization in the healthcare sector is seeking a Banking Operations Analyst to manage and oversee financial operations related to a health services program. This role is essential for ensuring accurate and timely provider payments, maintaining internal controls, and complying with state and federal financial regulations.

Responsibilities

• Monitor and manage program bank accounts, balances, and transaction activity daily.
• Ensure sufficient funding for provider payments, capitation runs, and refunds.
• Initiate or approve ACH, EFT, wire transfers, and other disbursements including automated transfers.
• Collaborate with client treasury or accounting teams to coordinate fund draws.
• Oversee automated and manual payment cycles, ensuring accuracy and compliance.
• Resolve payment failures, returned transactions, stop-payments, reissues, voids, and stale-dated checks.
• Perform or supervise daily, weekly, and monthly bank account reconciliations.
• Reconcile payment files, EFT batches, and claim payment reports, addressing discrepancies promptly.
• Produce financial reports required by funding agencies, internal audits, or external auditors.
• Maintain internal controls related to segregation of duties, authorization checkpoints, fraud detection, and system access for financial modules.
• Support compliance with state and federal financial guidelines and audit requirements (internal, external, SOC, etc.).
• Serve as primary contact for banks, client fiscal offices, payment processors, and clearinghouses.
• Coordinate testing and implementation of banking file formats such as NACHA, BAI2, and CTX.
• Adhere to corporate policies including those related to HIPAA Privacy and Security Rules.

Note: Responsibilities may be expanded as needed.

Required Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field (contractually required).
• Minimum 5 years of experience in treasury operations, cash management, or payment processing.
• Strong expertise 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 with 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.

Preferred Qualifications

• 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.

Compensation & Benefits

• Salary range: USD $89,440.00 - USD $111,800.00 per year.
• Compensation placement depends on experience and skill level.
• Benefits include comprehensive health plans, paid time off, retirement savings, corporate wellness programs, educational assistance, corporate discounts, and more.

Additional Information

• The organization is an Equal Opportunity Employer and considers all qualified applicants without regard to race, color, religion, sex, sexual orientation, national origin, disability, veteran status, or other protected statuses.
• For non-clinical roles or when not contractually required, a minimum of six years of directly relevant professional experience may substitute for a Bachelor’s degree; an Associate’s degree plus three years of relevant experience may also be accepted.

Location

• Not specified.