UMC Health System
Cash Reconciliation Specialist page is loaded## Cash Reconciliation Specialistlocations:
Business and Technology Centertime type:
Full timeposted on:
Posted Yesterdayjob requisition id:
R16357We’ve learned that what is best for patients is also best for employees. Learn more about why we are one of the Best Companies to Work for in Texas.Job Summary
The Cash Reconciliation Specialist plays a vital role in maintaining accurate financial records and ensuring the integrity of payment processing within UMC.
Reports to: Financal Controller
Job Specific Responsibilities
Daily assignments may include but are not limited to:
• Daily Cash Reconciliation: Monitor, verify, and reconcile payments received from various sources, including patients, insurance companies, and third-party payers, to ensure accuracy in financial reporting.
• Bank Deposits & Account Management: Prepare, verify, and process daily deposits across multiple accounts while maintaining proper documentation of transactions.
• Discrepancy Resolution: Investigate inconsistencies or errors in financial transactions, collaborating with internal teams to promptly resolve discrepancies and ensure accounting accuracy.
• Payment Processing: Handle electronic and manual payment processing, including checks, credit cards, and automated billing, while ensuring compliance with financial regulations.
• Financial Reporting & Documentation: Maintain up-to-date records of cash transactions, revenue journal entries, and financial reports to support audits and ensure transparency.
• Training & Staff Support: Provide guidance and training to clinic and retail staff regarding best practices for cash handling, reconciliation procedures, and compliance requirements.
• Compliance & Security: Ensure adherence to financial policies, internal controls, and industry regulations related to cash management, safeguarding sensitive payment information from fraud or misuse.
• Collaboration & Communication: Work closely with accounting teams, revenue cycle management personnel, and department leaders to support seamless financial processes.
• All other related assigned tasks
Education and Experience
• High School Diploma or GED
• +2 years of experience in banking, accounting, or financial reconciliation, with a strong background in handling cash transactions
Skills and Abilities
• Familiarity with EPIC Resolute (Professional, Hospital, and Enterprise Billing), OnBase Imaging, and other financial software platforms is a plus
• Strong mathematical aptitude and keen attention to detail in financial transactions.
• Proficiency in Microsoft Office Suite (Excel, Word, Outlook) for financial reporting and data analysis.
• Ability to operate check processing devices and software with efficiency.
• Deep understanding of ledger reconciliation practices and financial record-keeping.
• Problem-solving and analytical skills to identify discrepancies and implement corrective measures.
• Excellent verbal and written communication skills to liaise with staff, vendors, and management.
• Ability to work in a fast-paced environment while maintaining accuracy and compliance with financial procedures.
Interaction with Other Departments and Other Relationships
This individual will regularly work with point of service locations that collect money, accounting department, and the UMC and UMC Physicians Controllers.
Physical Capabilities
The position involves sitting for extended periods of time. Use of a computer, copier, scanner, calculator is necessary. Visual and auditory acuity required.
Environmental/Working Conditions
This position is subject to normal inside conditions (i.e., protected from weather conditions, not necessarily from temperature changes).UMC Health System provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment on the basis of race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.\*Request for accommodations in the hire process should be directed to UMC Human Resources.\*Benefits: * Resilience program
+ Emotional
+ Physical
+ Spiritual
+ Financial
+ Career
+ Community* On-Site Professional Counselors (EAP)* Discounted Pharmacy Cost* Cash Retention Bonus (only one in our region)* Retirement Benefits w/Employer Match* PTO & Extended Illness* Medical, Dental, & Vision Insurance* And more at:UMC Vision, Mission and Standards:
**Vision:**To Serve Our Patients in the Best Teaching Hospital in the Country
**Mission Statement:** Service is our passion. We serve by providing safe, high quality care to all, achieving excellent financial performance, and training tomorrow’s healthcare professionals.
**Standards of Excellence:** Attitude, Communication, Responsiveness, Compassion, Teamwork, Ownership, Safety and RespectAbout UMC* Magnet Designated* 501 licensed beds* 62 Site locations* Regions only Level I Trauma Center* Regions only BICU* DNV accredited* Primary teaching hospital for the Texas Tech University Health Sciences Center (TTUHSC)* Ranked as one of the Best Places to Work in Texas by Texas MonthlyUMC Physicians Culture, Vision, Mission, and Standards:**Culture:**Service is Our Passion**Vision:** The best place to work and the best place to receive healthcare.**Mission Statement:** To improve the quality of life for our community by providing the best patient experience for every patient.**Standards:** Teamwork, Respect, Accountability, Compassion, KindnessAbout UMCP* 35 Practice Locations – private practices and urgent care centers* Over 125 physicians and advanced practice providers* Ranked as “One of the Best Places to Work in Texas” by Texas Monthly* Employee Engagement Score of 96% measured by Press Ganey Associates #J-18808-Ljbffr
Business and Technology Centertime type:
Full timeposted on:
Posted Yesterdayjob requisition id:
R16357We’ve learned that what is best for patients is also best for employees. Learn more about why we are one of the Best Companies to Work for in Texas.Job Summary
The Cash Reconciliation Specialist plays a vital role in maintaining accurate financial records and ensuring the integrity of payment processing within UMC.
Reports to: Financal Controller
Job Specific Responsibilities
Daily assignments may include but are not limited to:
• Daily Cash Reconciliation: Monitor, verify, and reconcile payments received from various sources, including patients, insurance companies, and third-party payers, to ensure accuracy in financial reporting.
• Bank Deposits & Account Management: Prepare, verify, and process daily deposits across multiple accounts while maintaining proper documentation of transactions.
• Discrepancy Resolution: Investigate inconsistencies or errors in financial transactions, collaborating with internal teams to promptly resolve discrepancies and ensure accounting accuracy.
• Payment Processing: Handle electronic and manual payment processing, including checks, credit cards, and automated billing, while ensuring compliance with financial regulations.
• Financial Reporting & Documentation: Maintain up-to-date records of cash transactions, revenue journal entries, and financial reports to support audits and ensure transparency.
• Training & Staff Support: Provide guidance and training to clinic and retail staff regarding best practices for cash handling, reconciliation procedures, and compliance requirements.
• Compliance & Security: Ensure adherence to financial policies, internal controls, and industry regulations related to cash management, safeguarding sensitive payment information from fraud or misuse.
• Collaboration & Communication: Work closely with accounting teams, revenue cycle management personnel, and department leaders to support seamless financial processes.
• All other related assigned tasks
Education and Experience
• High School Diploma or GED
• +2 years of experience in banking, accounting, or financial reconciliation, with a strong background in handling cash transactions
Skills and Abilities
• Familiarity with EPIC Resolute (Professional, Hospital, and Enterprise Billing), OnBase Imaging, and other financial software platforms is a plus
• Strong mathematical aptitude and keen attention to detail in financial transactions.
• Proficiency in Microsoft Office Suite (Excel, Word, Outlook) for financial reporting and data analysis.
• Ability to operate check processing devices and software with efficiency.
• Deep understanding of ledger reconciliation practices and financial record-keeping.
• Problem-solving and analytical skills to identify discrepancies and implement corrective measures.
• Excellent verbal and written communication skills to liaise with staff, vendors, and management.
• Ability to work in a fast-paced environment while maintaining accuracy and compliance with financial procedures.
Interaction with Other Departments and Other Relationships
This individual will regularly work with point of service locations that collect money, accounting department, and the UMC and UMC Physicians Controllers.
Physical Capabilities
The position involves sitting for extended periods of time. Use of a computer, copier, scanner, calculator is necessary. Visual and auditory acuity required.
Environmental/Working Conditions
This position is subject to normal inside conditions (i.e., protected from weather conditions, not necessarily from temperature changes).UMC Health System provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment on the basis of race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.\*Request for accommodations in the hire process should be directed to UMC Human Resources.\*Benefits: * Resilience program
+ Emotional
+ Physical
+ Spiritual
+ Financial
+ Career
+ Community* On-Site Professional Counselors (EAP)* Discounted Pharmacy Cost* Cash Retention Bonus (only one in our region)* Retirement Benefits w/Employer Match* PTO & Extended Illness* Medical, Dental, & Vision Insurance* And more at:UMC Vision, Mission and Standards:
**Vision:**To Serve Our Patients in the Best Teaching Hospital in the Country
**Mission Statement:** Service is our passion. We serve by providing safe, high quality care to all, achieving excellent financial performance, and training tomorrow’s healthcare professionals.
**Standards of Excellence:** Attitude, Communication, Responsiveness, Compassion, Teamwork, Ownership, Safety and RespectAbout UMC* Magnet Designated* 501 licensed beds* 62 Site locations* Regions only Level I Trauma Center* Regions only BICU* DNV accredited* Primary teaching hospital for the Texas Tech University Health Sciences Center (TTUHSC)* Ranked as one of the Best Places to Work in Texas by Texas MonthlyUMC Physicians Culture, Vision, Mission, and Standards:**Culture:**Service is Our Passion**Vision:** The best place to work and the best place to receive healthcare.**Mission Statement:** To improve the quality of life for our community by providing the best patient experience for every patient.**Standards:** Teamwork, Respect, Accountability, Compassion, KindnessAbout UMCP* 35 Practice Locations – private practices and urgent care centers* Over 125 physicians and advanced practice providers* Ranked as “One of the Best Places to Work in Texas” by Texas Monthly* Employee Engagement Score of 96% measured by Press Ganey Associates #J-18808-Ljbffr