Nutex Health Inc. (NASDAQ: NUTX) is a healthcare management and operations company with two divisions: a Hospital Division and a Population Health Management Division.
The Hospital Division owns, develops, and operates innovative healthcare models, including micro-hospitals, specialty hospitals, and hospital outpatient departments (HOPDs). This division owns and operates 20 facilities in 8 states.
We seek a detail-oriented Senior Cash Application Manager to join our team.
The Senior Cash Application Manager oversees the cash application process and ensures the accurate and timely posting of customer payments to the correct accounts. This role involves managing a team of cash application specialists, developing and implementing process improvements, and ensuring compliance with company policies and financial regulations.
The duties include, but are not limited to:
- Supervise and lead the cash application team, providing guidance, training, and performance evaluations.
- Foster a positive and productive work environment, encouraging teamwork and continuous improvement.
- Set clear goals and performance expectations for a team.
- Manage the daily cash application process, ensuring accurate and timely posting of payments, including checks, wire transfers, ACH payments, and credit card transactions.
- Oversee the reconciliation of payment discrepancies and ensure proper handling of unapplied cash.
- Ensure that all payments are posted in compliance with company policies and procedures.
- Identify and implement process improvements to enhance efficiency and accuracy in cash application operations.
- Develop and document standard operating procedures and best practices.
- Identify needs for technology and automation to streamline processes and reduce manual intervention.
- Prepare and review daily, weekly, and monthly reports on cash application performance, highlighting key metrics and trends.
- Conduct regular audits to ensure accuracy and compliance with financial controls.
- Provide insights and recommendations to senior management based on data analysis.
- Maintain strong internal controls to safeguard company assets and ensure compliance with accounting principles and regulatory requirements.
- Address any issues identified during audits and implement corrective actions.
- Ensure adherence to company policies and procedures related to cash application and accounts receivable.
- Address issues with retrieving EOBs for unapplied cash and set up ERA/EFT to minimize paper remittances/payments.
- Work closely with customers to address payment discrepancies and ensure a positive customer experience.
- Performs miscellaneous job-related duties as assigned.
Required Qualifications:
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
- 10 years of experience in cash application, accounts receivable, or similar financial role, with at least four years in a supervisory or management position.
- Strong understanding of cash application processes, accounting principles, and financial controls.
- Proficiency in financial software and ERP systems (e.g., Workday) and advanced Microsoft Excel skills.
- Excellent analytical and problem-solving abilities.
- Strong communication and interpersonal skills, with the ability to work effectively across departments and with external stakeholders.
- Detail-oriented with strong organizational and time management skills.
Incentives:
- $0 Premium Benefits (FT)
- Short Term / Long Term (FT)
- Group Life Insurance (FT)
- 401K matching (FT)
- Work-Life Balance (FT, PT, PRN)
- Lifestyle (FT, PT, PRN)
- Great Culture (FT, PT, PRN)
Job Type: Full-time
Pay: $90,000.00 - $100,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Disability insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Experience level:
Physical setting:
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
Education:
Experience:
- Accounting: 4 years (Required)
- Microsoft Excel: 8 years (Required)
- Cash application: 10 years (Required)
- Workday: 1 year (Required)
- Leadership: 4 years (Required)
- Building Audit Structure: 2 years (Required)
Ability to Relocate:
- Bellaire, TX: Relocate before starting work (Required)
Work Location: In person