Cash Management Specialist

Job Description

About the Cash Management Specialist Role

First Chicago Insurance Company is seeking a detail-oriented Cash Management Specialist to join their growing team. This role is crucial for ensuring the smooth flow of financial operations within the company, performing various accounting duties related to cash management.

A Day in the Life of a Cash Management Specialist

As a Cash Management Specialist, your daily routine will involve a dynamic mix of analytical and operational tasks. You will start your day by analyzing cash transactions, meticulously updating financial records, and reconciling accounts to ensure accuracy. Collaboration is key; you’ll work closely with experienced team members to address customer inquiries, provide exceptional service, and resolve any discrepancies that may arise. Expect to participate in team meetings, contributing your insights and continuously learning to enhance your financial acumen. This role offers a supportive and high-performing environment where you can develop your skills and contribute to the company’s mission of excellence.

Key Duties & Responsibilities

• Reconcile daily cash receipts and record journal entries (JE) in Sage accounting software.
• Collaborate with the underwriting department to resolve billing-related matters.
• Process payments received through mail, walk-ins, and online channels into the billing systems.
• Manage daily agent sweeps and process policy Electronic Funds Transfer (EFT) payments.
• Process premium returns via ACH to agents as necessary.
• Process premium refund checks and voids, recording corresponding JEs in Sage.
• Process claims checks and voids, recording corresponding JEs in Sage.
• Perform check verification upon request.
• Close and reconcile all payment batches on a daily basis.
• Assist with various other accounting projects as needed.
• Identify and resolve Non-Sufficient Funds (NSF) issues on recurring payments daily.
• Review and process collection files on a weekly basis.
• Prepare responses and manage credit card disputes, updating relevant spreadsheets.
• Handle deposits using a check scanner.

Required Qualifications

• Strong attention to detail and proficiency in data entry.
• Proven ability to multitask effectively.
• Excellent communication skills.
• Proficiency with Microsoft Excel and Word.
• Experience with accounting systems, specifically Sage.

Preferred Qualifications

• High School education with some prior accounting experience.
• An Associate’s degree in business or accounting.

Benefits

First Chicago Insurance Company offers a competitive benefits package to all full-time employees, including:

• Competitive Salaries
• Commitment to Training & Development
• Medical and Dental Insurance
• Short Term Disability/Long Term Disability
• Life Insurance
• Flexible Spending Account (FSA)
• Telemedicine Benefit
• 401k with a generous company match
• Paid Time Off and Paid Holidays
• Tuition Reimbursement Training Programs
• Wellness Program
• Fun company-sponsored events
• And much more!

Estimated Compensation

The estimated compensation range for this position is $16/hr – $27.50/hr. Please note that this is an estimate, and the actual compensation offered will be based on the candidate’s experience, skills, education, certifications, and geographic location.