Cash Application Specialist

3 weeks ago


Itasca, United States Captive Resources Full time

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)
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • 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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