Financial Transaction Coordinator

1 week ago


Peoria, Illinois, United States Illinois Mutual Life Insurance Company Full time
Key Responsibilities
  • Cash and Premium Management:
    • Balance and reconcile daily cash and premium transactions, including disbursements, claim activity, and underwriting suspense.
    • Analyze and handle premium debit errors, returned transactions, and manual ACH requests.
    • Process premium batches, exceptions, and lockbox correspondence.
  • Accounts Payable (AP):
    • Maintain the AP system by setting up vendors and processing invoices for approval and payment.
    • Manage check printing, mailing, and handling stale-date letters.
  • Bank File and Transaction Processing:
    • Process various ACH transactions, including claims, annuities, and commissions per assigned frequency and/or designated cadence.
    • Handle stale-date check files.
  • Communication and Department Support:
    • Maintain daily contact with internal and external customers via email and phone communication.
    • Collaborate with team members, contribute in departmental meetings, and escalate systems problems and control issues.
    • Identify and suggest process improvements to management.


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