Banking Operations Analyst

Acentra Health exists to empower better health outcomes through technology, services, and clinical expertise. Our mission is to innovate health solutions that deliver maximum value and impact.

Lead the Way is our rallying cry at Acentra Health. Think of it as an open invitation to embrace the mission of the company; to actively engage in problem-solving; and to take ownership of your work every day. Acentra Health offers you unparalleled opportunities. In fact, you have all you need to take charge of your career and accelerate better outcomes - making this a great time to join our team of passionate individuals dedicated to being a vital partner for health solutions in the public sector.

Acentra Health is looking for a Banking Operations Analyst to join our growing team.

Job Summary:

The Banking Operations Analyst ensures the integrity and efficiency of the IHSC program's financial operations by managing cash flow, payment processing, and bank account activity. This role is critical to maintain timely and accurate provider payments, safeguarding funds through robust internal controls, and ensuring compliance with state and federal financial regulations. By overseeing treasury functions and serving as the primary liaison with banks, vendors, and client fiscal offices, the position supports the organization's financial stability and operational excellence.

Responsibilities:

Daily Cash & Treasury Management

• 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.

Payment Processing Oversight

• 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.

Reconciliation & Financial Reporting

• 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.

Compliance, Controls & Audit Support

• 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.)

Vendor, Bank, and Agency Coordination

• 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.

The list of responsibilities is not intended to be all-inclusive and may be expanded to include other education- and experience-related duties that management may deem necessary from time to time.

Required Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, or related field
• 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

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

Why us?

We are a team of experienced and caring leaders, clinicians, pioneering technologists, and industry professionals who come together to redefine expectations for the healthcare industry. State and federal healthcare agencies, providers, and employers turn to us as their vital partner to ensure better healthcare and improve health outcomes.

We do this through our people.

You will have meaningful work that genuinely improves people's lives across the country. We are a company that cares about our employees, and we give you the tools and encouragement you need to achieve the finest work of your career.

Benefits

Benefits are a key component of your rewards package. Our benefits are designed to provide you with additional protection, security, and support for both your career and your life away from work. Our benefits include comprehensive health plans, paid time off, retirement savings, corporate wellness, educational assistance, corporate discounts, and more.

Thank You!

We know your time is valuable and we thank you for applying for this position. Due to the high volume of applicants, only those who are chosen to advance in our interview process will be contacted. We sincerely appreciate your interest in Acentra Health and invite you to apply to future openings that may be of interest. Best of luck in your search!

~ The Acentra Health Talent Acquisition Team

Visit us at https://careers.acentra.com/jobs

EEO AA M/F/Vet/Disability

Acentra Health is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, status as a protected veteran or any other status protected by applicable Federal, State or Local law.

Compensation

The pay range for this position is listed below.

"Based on our compensation philosophy, an applicant's position placement in the pay range will depend on various considerations, such as years of applicable experience and skill level."