Financial Representative Job Description

Financial Representative Job Description

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Financial representative provides the necessary third party billing requirements to ensure accurate billing and prompt reimbursement.

Financial Representative Duties & Responsibilities

To write an effective financial representative job description, begin by listing detailed duties, responsibilities and expectations. We have included financial representative job description templates that you can modify and use.

Sample responsibilities for this position include:

Assisting with hospital billing
Handling managed care contracts
Using the Eagle accounts receivable system
Managing commercial unit insurance accounts
Account follow up
Hospital billing
Assisting with accounts payable / receivable duties, as needed
Interact with customers to determine budgeting process, accounting policies, and financial constraints
Generate customized consumption models that provide customers with key measurements such as NPV, IRR, Incremental discounts and payback periods
Develop financial models comparing different methods of procurement (purchase, lease, On Demand) to educate customers and sales teams about the projected life cycle of security solutions and the migration path to next generation technology

Financial Representative Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Financial Representative

List any licenses or certifications required by the position: FSR, CB&T, CHAA, NCFM, AMFI

Education for Financial Representative

Typically a job would require a certain level of education.

Employers hiring for the financial representative job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Accounting, Finance, Associates, Education, Computer, Technical, Medical Terminology, Medical, Financial Services

Skills for Financial Representative

Desired skills for financial representative include:

Securities industry and account management
Third party payor regulations and requirements
Excel
Billing applications and Internet
Email
Microsoft Word
Claims management
Recovery requirements
Technology and be able to operate in an environment requiring intermediate computer skills
Hospital and department policy and procedure

Desired experience for financial representative includes:

Collaborate closely with assigned field locations to ensure alignment throughout the closing process
Perform reviews and provide accounting related guidance to field locations
Support Controller's Group leadership team with ad hoc requests
Interact with other teams within and outside the Controller's Group, across the world
Access and relationships building with senior leaders (CFO, Controller, Chief Accounting Officer )
4 years of experience working in revenue cycle, insurance verification/eligibility, financial securing or related areas

Financial Representative Examples

1

Financial Representative Job Description

Job Description Example
Our growing company is looking to fill the role of financial representative. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for financial representative
  • Ensuring payments and adjustments are posted properly
  • Preparing appeals as needed
  • Post and produce receipts for all patients and payer payments received at the cashier window
  • Balance cash drawer and safe at the close of business daily
  • Reimburse vending machine money to patrons and balance the cash box
  • Balance and reconcile parking monies
  • Manage all petty cash funds for on site personnel and departments
  • Prepare all restricted fund deposits for all departments on campus
  • Requires strong multi-tasking skills due to the diversity of the job
  • Strong customer service skills for face to face issues with patients being a liaison with off-site services
Qualifications for financial representative
  • Experience with practice management software, hospital billing software or electronic health record software
  • Minimum of 8-10 years related experience working in the high tech sector
  • Ability to demonstrate success in developing key drivers for increased sales and revenue acceleration
  • BS in Business, Finance
  • College degree in business, accounting or finance preferred or related work experience
  • 1-2 years of cash handling, customer service in a retail environment, or sales experience preferred
2

Financial Representative Job Description

Job Description Example
Our company is looking to fill the role of financial representative. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial representative
  • Quality - Accuracy and thoroughness of work results
  • Dependability - Degree of required follow-up in the completion of assigned tasks is less than 10%
  • Work Habits - Comply with all departmental and hospital policies and procedures including but not limited to
  • Manages the process to ensure that all Benefit Advisors are educated and trained in identifying patients who are uninsured and underinsured
  • Advises patients and/or family members of their financial obligation via all modes of communication, including face-to-face communication while in the facility
  • Obtains payment in full or secures adequate payment arrangements/eligibility and benefit information for both inpatient and outpatient services
  • Advises patients as to their financial liability and assists with insurance issues and activation of coverage
  • Administers collection program on international and cosmetic patients as directed per hospital policy to collect pre-payments
  • Utilizes Charge Master, EPIC price estimator, and business tools to provide cost estimates for complex procedures, surgeries, and ancillary testing and ensures information is received from patients and physicians
  • Serves as a resource to Patient Accounting staff, Social Workers, and other staff for identification of funding sources for health services for patients
Qualifications for financial representative
  • Desire to learn and dedication to study and apply a new concepts in order to obtain your financial licenses
  • Complete FSR School and pass final exam to be assigned to the branch, On the job training with another teller for 3-5 days post FSR school
  • You’re flexible and adaptable
  • Bachelor’s degree in Finance, Marketing, Operations or equivalent
  • Series 7 preferred, or able to obtain within 120 days of hire
  • Requires a 4 year college degree and an interest in career development
3

Financial Representative Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of financial representative. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial representative
  • Communicates with other institutions relative to any prior patient service
  • Attends hearings at the state and local level, as needed
  • Assists with the discharge process to extended care facilities as it relates to the patient's financial responsibility
  • Identifies hospital, public, and / or private financial assistance programs for patients unable to meet their financial obligations
  • Documents all activities with patients, families, insurers, D.H.S
  • Continually works with management in Business Operation Support to improve the efficiency of data collection ALL customer satisfaction
  • Provides departments with ongoing feedback to ensure compliance with third party payer regulations
  • Interacts with other third-party vendors, and Case Management, Detroit Wayne County Health Authority, and D.H.S
  • Attends department staff meetings and in-services to maintain current knowledge
  • Responsible for daily review of inpatient or observation accounts for accuracy and completeness of information and documentation
Qualifications for financial representative
  • Ensures payments and adjustments are posted properly
  • 1 or more years experience in a medical services billing office environment or financial institution
  • Must be able to use a calculator, learn to use a mainframe registration and billing system, and keyboard
  • Must feel comfortable with the public
  • Customer service experience, phone and written communication required
  • Handles up to 70 financial inbound calls per day
4

Financial Representative Job Description

Job Description Example
Our company is hiring for a financial representative. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for financial representative
  • May use various sources to obtain and verify insurance benefits and eligibility
  • Notify patients who receive elective services about balances due for them
  • Assists all telephone and walk-in patients with billing concerns
  • Monitors accounts with a long length of stay or large self-pay liabilities
  • Refers low-income patients seeking to apply for financial assistance
  • Serves as a resource to patient registration staff in resolving problems
  • Documents all necessary information in the hospital computer system
  • Covers for cashier during lunches and breaks
  • Offers alternatives and assists with application process for Medicaid, Health Michigan, Financial Assistance and Market Place exchange plans
  • Works with third party vendors on complex cases as directed by department policy
Qualifications for financial representative
  • Will handle escalated calls and need to be able to build rapport quickly
  • Utilized dual monitors to toggle multiple applications
  • Advises patients on expenses associated with admission
  • Secures payments or payment arrangements on self-pay accounts
  • Discusses third party coverage with patient and arranges disposition of out of pocket balances due
  • Informs patients of payment requirements as soon as possible for inpatient preferably prior to discharge
5

Financial Representative Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of financial representative. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for financial representative
  • Inputs data into electronic database(s) and completes daily reports timely and accurately
  • Keeps up to date with all department standards to assure compliance with state and federal regulations
  • Provide outstanding customer service in the day-to-day plan administration of retirement plans
  • Provide support for daily administration of retirement plans
  • Respond to inquiries, research and provide resolution of issues
  • Communicate implications of new technical developments to clients
  • Billing & Claim Management.Monitor electronic billing records to assure timely and accurate submissions
  • Customer Relations.Process insurance rejections within an established time frame
  • Responding to numerous financial phone inquiries
  • Assisting callers in finishing online applications
Qualifications for financial representative
  • Experience working with the public is required
  • Preferred strong Microsoft Office skills
  • 2 to 5 yrs experience with retirement plans / annuities
  • Must demonstrate the ability to effectively promote and verbally navigate clients through online and mobile self-service options
  • Experience verbally delivering complex information clearly, concisely and understandable to the client, while quickly establishing rapport and exuding positivity and confidence
  • Your organizational skills to manage multiple tasks simultaneously

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