Accounts Receivable Specialist
- Employer
- Insurance Recruiting Solutions
- Location
- Chicago, Illinois
- Salary
- $60,000
- Posted
- Nov 18, 2024
- Closes
- Jan 17, 2025
- Category
- Accounting
- Job Type
- Full Time
- Career Level
- Experienced (Non-Manager)
- Workplace
- Hybrid
ABOUT THE ROLE
Founded 4 decades ago and currently one of the largest privately held property & casualty AM Best “A” rated carriers in the United States. Focused on profitable growth through superior underwriting as well as providing an exceptional work culture for their ever-expanding team of highly talented staff. Our client currently seeks an Accounting Specialist in either Chapel Hill or Chicago to join their organization.
The Accounts Receivable Specialist is responsible for monitoring accounts receivable reports and proactively following up on overdue accounts to ensure timely collection.
DUTIES & RESPONSIBILITIES
Managing assigned agent and broker account balances.
Reviewing accounts receivable aging reports regularly to identify and follow up on overdue accounts.
Proactively contacting agents and brokers about overdue invoices, negotiating payment arrangements and resolving disputes to maintain cash flow.
Accurately processing incoming payments for insureds' accounts.
Supporting the monthly closing process by ensuring all necessary reconciliation tasks are completed.
Identifying and helping implement enhancements to accounts receivable processes to improve efficiency and accuracy.
QUALIFICATIONS & EXPERIENCE
5+ years working in accounts receivable or accounts payable departments.
Experience in an accounts receivable function is preferred.
Previous experience in the Property & Casualty insurance industry is a plus.
Basic knowledge of accounting principles and practices relating to accounts receivable.