Cash Application Specialist
3 weeks ago
Handles cash application for over 40 Captives, totaling over $3B of premium. Responsible for reviewing, processing, and analyzing incoming payments. Works with broker partners and internal departments to obtain necessary documentation needed to reconcile unapplied cash.
EDUCATION AND EXPERIENCE: Associates Degree in Business or other related discipline. Accounting or Finance experience required with at least two (2) years of cash handling experience; within the insurance industry is a plus.
SKILLS/COMPETENCIES REQUIREMENTS:
- Detail oriented
- High level of confidentiality
- High level of accuracy
- Ability to handle deadlines and work under pressure at times
- Organizational, planning, and prioritization skills
- Strong analytical, problem solving, and judgment skills
- Works well independently and in a team environment
- Sense of accomplishment
- Strong initiative
- Interpersonal skills and open communication
- Commitment to company values
- Strong proficiency in Microsoft Office -Word, Excel (Intermediate to Advanced)
- Application of cash to open invoices in company systems or spreadsheets, as applicable
- Research and document the application of broker payments to individual captive member accounts
- Work with internal and external contacts to investigate and resolve any irregularities, inquiries and partial payments
- Decipher and reconcile unapplied cash
- Highlight discrepancies and/or concerns to appropriate teams, including management as appropriate
- Perform other related duties incidental to the work described herein
PRIORITIES: Accurate documentation and data input for incoming payments
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