Cash Reconciliation Coordinator

Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand - with heart at its center - our purpose sends a personal message that how we deliver our services is just as important as what we deliver.

Our Heart At Work Behaviors support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

Position Summary
The responsibilities of the Cash Reconciliation Coordinator are to perform support functions for the cash applications department.

These responsibilities include but are not limited to

• Coordinating work among small groups of team members, working with colleagues in various areas of the organization to ensure funds are assigned to the proper GL account and taking the proper steps to transfer funds
• Ensuring the AR deposit management systems balance with the deposits received through the bank and GL transfers
• Tracking information for items that cannot yet be posted.
• Ensure remittance advices are obtained and provided to cash posters for posting, pull remits from various websites and match the documentation with payments received, and contact payors when expected information is not available or is not in the correct format.
• Review and respond to cash research requests, take the necessary steps to ensure payments are posted accurately and make any corrections when necessary.
• Provide requested reporting to management/AR teams to assist in identifying unapplied cash and posted cash.
• Assist colleagues with understanding appropriate cash applications procedures.
• Cash Reconciliation and Deposit Management. Reviewing 835/Electronic Remittance
• Advice and ensuring deposits are matched with the corresponding ERA.
• Submitting and researching Electronic Funds Transfers (EFT)/Electronic Remittance Advice (ERA) processes.
• 835 File Matching.

Required Qualifications

• 1+ year(s) of payer experience preferred (calling payers, contacting payers, or setting up payers)
• Must have Healthcare Specialty Pharmacy, Pharmacy, Healthcare Accounting, or Banking industry experience.

Preferred Qualifications

• Cash Reconciliation and Deposit Management experience
• Processing credit card and electronic check transactions
• Experience with EFTs and ERAs
• Experience with Availity
• Attention to detail and multitasking.

Education

• Verifiable High School Diploma or GED is required.

Pay Range

The typical pay range for this role is:

$17.00 - $27.90

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.

In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Companys 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off ("PTO") or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.

For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits

CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated.

You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.

CVS Health is committed to recruiting, hiring, developing, advancing, and retaining individuals with disabilities. As such, we strive to provide equal access to the benefits and privileges of employment, including the provision of a reasonable accommodation to perform essential job functions. CVS Health can provide a request for a reasonable accommodation, including a qualified interpreter, written information in other formats, translation or other services through ColleagueRelations@CVSHealth.com If you have a speech or hearing disability, please call 7-1-1 to utilize Telecommunications Relay Services (TRS). We will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.

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