Accounts Payable Specialist
2 months ago
The Accounts Payable Specialist will be responsible for managing all aspects of accounts payable specific to insurance-related transactions. The primary duties will include processing invoices, verifying billing accuracy, reconciling accounts, and ensuring timely payments to insurance companies. The A/P Specialist must stay abreast of all departmental procedures and accounting practices and must consistently maintain compliance with all related Insurance Agency and Bank policies, standardized procedures and regulations.
Benefits
Hourly Base Salary Based on Experience
Paid Time Off (PTO)
Parental Leave
Dental Insurance
Vision Insurance
Health Insurance
Mon-Fri Schedule
Career Growth Opportunities
Hands on Training
Responsibilities
- Process incoming invoices from insurance companies promptly and accurately.
- Verify the accuracy of billing statements and ensure compliance with contract terms.
- Reconcile accounts payable transactions with insurance records and resolve discrepancies as needed.
- Prioritize and manage payment schedules to ensure timely disbursement of funds.
- Communicate effectively with insurance providers to address inquiries and resolve payment issues.
- Maintain detailed and organized records of all transactions and correspondence.
- Collaborate with internal departments to facilitate smooth payment processes.
- Assist in month-end closing activities related to accounts payable.
Requirements
- Minimum of 2 years of accounting experience strongly preferred; Insurance experience preferred.
- Understanding of basic accounting principles and practices. This includes knowledge of accounts payable processes, general ledger entries, and financial reporting.
- Ability to analyze invoices and other financial documents to identify errors and discrepancies that may require further investigation.
- Time management skills to meet deadlines for invoice processing and payments.
- Proficient with Word, Excel and Outlook.
- 25% availability to travel outside of a 25-mile radius.
- Ability to sit, drive, bend, transfer between locations, answer the phone and perform computer input.
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