Cash Management Specialist

Job Description

Cash Management Specialist | First Chicago Insurance Company

The Tone:
This is a full-time role at First Chicago Insurance Company, a growing firm located in Chicago, IL. The company is committed to ensuring a smooth and accurate flow of financial operations. This specialist position is crucial for providing essential accounting support, maintaining impeccable financial records, and directly contributing to the company’s overall mission of excellence.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: Chicago, IL (In-person)
• Pay: $16–$27.5 hourly
• Mission: This role ensures the smooth and accurate flow of financial operations, providing essential accounting support and maintaining impeccable financial records.
• Tech Stack: Sage, Microsoft Excel, Microsoft Word

What You’ll Actually Do
• Daily Cash Management: Reconcile daily cash receipts, analyze cash transactions, and update financial records to ensure data integrity and accurate reporting in Sage.
• Payment Processing: Efficiently process payments received via mail, walk-ins, online platforms, agent sweeps, and policy Electronic Funds Transfer (EFT) into the billing systems.
• Financial Adjustments: Accurately process premium returns to agents via ACH, along with premium refund checks, claims checks, and voids, recording all necessary Journal Entries in Sage.
• Issue Resolution: Collaborate with the underwriting department to resolve billing-related matters and proactively identify and resolve Non-Sufficient Funds (NSF) issues on recurring payments.
• Record Maintenance & Support: Manage credit card disputes by preparing responses and updating spreadsheets, perform daily closing and reconciliation of all payment batches, and provide support for other accounting projects as needed.

The Must-Haves
• Background: Minimum of a High School education with some accounting experience.
• Experience: Demonstrated experience with accounting systems, specifically Sage.
• Skills: Strong attention to detail, proficient and accurate data entry, effective multitasking, and excellent communication abilities.
• Bonus: An Associate’s degree in Business or Accounting is preferred.