Cash Management Specialist

Job Description

Cash Management Specialist

This role is for a detail-oriented Cash Management Specialist at First Chicago Insurance Company, a growing insurance firm. The successful candidate will be responsible for a range of accounting duties, with a primary focus on ensuring the smooth and accurate flow of financial operations related to cash management.

A Day in the Life of a Cash Management Specialist:

As a Cash Management Specialist, your daily routine will involve critical financial tasks to maintain precise financial data. You will start your day by analyzing cash transactions, meticulously updating records, and reconciling accounts. Collaboration is key; you will work closely with experienced team members to address customer inquiries, deliver exceptional service, and resolve any discrepancies that may arise. Regular participation in team meetings will provide opportunities to share insights, learn from colleagues, and enhance your financial acumen. This role offers a supportive and high-performing environment where you can develop your skills while contributing to the company’s mission of excellence.

Key Duties & Responsibilities:

• Reconcile daily cash receipts and record Journal Entries (JE) in Sage.
• Collaborate with the underwriting department to resolve billing matters.
• Process payments received via mail, walk-ins, and online into billing systems.
• Process agent sweeps and policy EFT payments on a daily basis.
• Process premium returns via ACH to agents as needed.
• Process premium refund checks and voids, and record JE in Sage.
• Process claims checks and voids, and record JE in Sage.
• Perform check verification upon request.
• Close and reconcile all payment batches on a daily basis.
• Assist with other accounting projects as needed.
• Identify and resolve NSF’s (Non-Sufficient Funds) on recurring payments daily.
• Review and process collection files weekly.
• Prepare responses and respond to credit card disputes, updating spreadsheets as needed.
• Handle deposits using a check scanner.

Qualifications:

Required:

• Detail-oriented and proficient in data entry.
• Strong ability to multitask.
• Strong Communication skills.
• Proficiency with Excel and Word, and Accounting Systems (specifically Sage).

Preferred:

• High School education minimum with some accounting experience.
• Associates degree in business or accounting.

Benefits (Warrior Insurance Network – WIN):

Warrior Insurance Network (WIN) offers a competitive benefits package to all full-time employees, including:

• Competitive Salaries
• Commitment to your Training & Development
• Medical and Dental Insurance
• Short Term Disability/Long Term Disability
• Life Insurance
• Flexible Spending Account
• 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 Range:

$16/hr – $27.50/hr*

*Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location.