Senior AP/AR Specialist

🔥 0 minutes ago

🌽 Illinois – Remote

🌽 Illinois – Remote

💵 $23 - $24 / hour

⏰ Full Time

🟠 Senior

📝 Accounts Payable

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Allied Benefit Systems

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 1980

⚕️ Healthcare Insurance

🤝 B2B

Healthcare Insurance • B2B

Allied Benefit Systems is a national healthcare solutions company that provides health plan administration, care and cost management, provider network services, and data analytics to employers, members, and benefits consultants. The company focuses on reducing healthcare costs, optimizing plan performance, and improving member experience through administrative services, analytics & insights, and customizable provider networks.

📋 Description

• Process and reconcile accounts receivable and accounts payable transactions, ensuring accuracy, completeness, and timely resolution of discrepancies. • Apply and reconcile cash receipts, client funding, vendor payments, and administrative fee transactions. • Monitor and reconcile financial activity across billing, funding, eligibility, and claims-related systems. • Research, investigate, and resolve complex payment, billing, and reconciliation issues. • Support premium billing, client funding, and financial transaction processes for multiple clients and employer groups. • Collaborate with Billing, Broker Operations, Account Services, and external partners to ensure accurate financial processing and account maintenance. • Maintain financial records and supporting documentation in accordance with internal controls, audit requirements, and compliance standards. • Analyze transaction data and prepare reports to support operational and financial decision-making. • Identify process inefficiencies, perform root cause analysis, and implement improvements to enhance accuracy and operational effectiveness. • Utilize financial systems and reporting tools, including Excel and emerging technologies, to streamline workflows and improve reporting capabilities. • Serve as a subject matter expert for AR/AP processes and provide guidance on financial transactions, reconciliations, and system-related issues. • Manage multiple priorities and deadlines while maintaining a high level of customer service and transaction accuracy.

🎯 Requirements

• Bachelor's degree in Accounting, Finance, Business Administration, or equivalent work experience required. • 2–4 years of experience in financial operations, such as accounting, banking, billing, or related functions, preferably within a BPO/TPA environment in the healthcare industry. • 2 years of experience working with and analyzing data is required. • Experience with fund flow management, including client funding, claims payments, administrative fees, and account reconciliations. • Experience supporting premium billing, claims funding, or other client-level financial operations. • Experience using financial, billing, or claims administration systems; Great Plains and/or QicLink experience preferred. • Advanced Microsoft Excel skills, including reconciliation, data validation, analysis, and reporting. • Strong analytical and problem-solving skills with the ability to identify and resolve discrepancies across multiple systems. • Experience supporting audits, financial controls, and compliance-related processes preferred. • Ability to leverage reporting and automation tools such as Power BI, Power Apps, AI-enabled tools, or similar technologies to improve operational efficiency. • Excellent organizational, communication, and time management skills. • Ability to work independently and effectively manage multiple priorities in a fast-paced environment.

🏖️ Benefits

• Medical, Dental, Vision, Life and Disability Insurance • Generous Paid Time Off • Tuition Reimbursement • EAP • Technology Stipend