Unapplied Funds Manager
Company Description
Privia Health™ is a technology-driven, national physician enablement company that collaborates with medical groups, health plans, and health systems to optimize physician practices, improve patient experiences, and reward doctors for delivering high-value care in both in-person and virtual settings. The Privia Platform is led by top industry talent and exceptional physician leadership, and consists of scalable operations and end-to-end, cloud-based technology that reduces unnecessary healthcare costs, achieves better outcomes, and improves the health of patients and the well-being of providers.
Job Description
The Unapplied Fund Manager works under the direction of the Director, Accounting to timely and accurately identify amounts owed to the Company’s various partners. This role would develop, implement, and maintain analytic systems, taking complicated data sets and building simple frameworks. This role has the opportunity to directly impact and provide significant value to the Company and the Company’s partners. Manage and oversee the daily activities of the unapplied funds and payment application function, ensuring timely and accurate resolution of unapplied and misapplied balances within the practice management system Supervise and develop the Sr. Financial Operations Analyst, including prioritization of workload, performance management, training, and ongoing coaching to ensure operational effectiveness and accountability Review and analyze multiple data sources, including banking activity and practice management system data, to identify and resolve discrepancies impacting payment application and downstream financial processes Partner cross-functionally with Treasury, Client Finance, and Operations teams to investigate issues, improve workflows, and ensure care centers receive accurate applied payments Oversee development and validation of SQL-based reporting and analytical tools used to support transaction analysis, operational monitoring, and reconciliation activities Identify opportunities to improve operational efficiency, strengthen internal controls, and reduce unapplied balances through process enhancements and automation initiatives Review automation outputs and system-generated results to ensure accuracy, completeness, and alignment with operational expectations Support month-end and year-end close activities, internal and external audits, and documentation of business processes and controls related to unapplied funds and payment application activities Summarize findings, operational risks, and process improvement recommendations to leadership and key stakeholders across departments Perform other duties as assigned
Qualifications
Bachelor’s degree in Mathematics, Computer Science, Finance, or related field required SQL experience aggregating and interpreting large data sets Strong excel skills required Python or R experience is a plus (not required) Ability to establish and refine a process with minimal oversight Ability to operate calculator and computer Must comply with HIPAA rules and regulations The salary range for this role is $80,000 to $95,000 in base pay and exclusive of any bonuses or benefits (medical, dental, vision, life, and pet insurance, 401K, paid time off, and other wellness programs). This role is also eligible for an annual bonus targeted at 15%. The base pay offered will be determined based on relevant factors such as experience, education, and geographic location. Additional Information All your information will be kept confidential according to EEO guidelines. Technical Requirements (for remote workers only, not applicable for onsite/in office work): In order to successfully work remotely, supporting our patients and providers, we require a minimum of 5 MBPS for Download Speed and 3 MBPS for the Upload Speed. This should be acquired prior to the start of your employment. The best measure of your internet speed is to use online speed tests like https://www.speedtest.net/. This gives you an update as to how fast data transfer is with your internet connection and if it meets the minimum speed requirements. Work with your internet provider if you have questions about your connection. Employees who regularly work from home offices are eligible for expense reimbursement to offset this cost. Privia Health is committed to creating and fostering a work environment that allows and encourages you to bring your whole self to work. We understand that healthcare is local and we are better when our people are a reflection of the communities that we serve. Our goal is to encourage people to pursue all opportunities regardless of their age, color, national origin, physical or mental (dis)ability, race, religion, gender, sex, gender identity and/or expression, marital status, veteran status, or any other characteristic protected by federal, state or local law. Department: Finance