Accounting Specialist - AR

Brown & Brown Insurance • Plano, TX

10d

About The Position

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers. Brown & Brown is seeking an Accounting Specialist to support our growing accounts receivable team in Plano, TX! Under the general supervision of the Regional Team Leader, the AR Accounting Specialist is responsible for ensuring accuracy while processing incoming payments, posting to the appropriate general ledger account and preparing all cash for deposit. How You Will Contribute: Post all incoming checks, wires, and credit transactions for both accrual and cash-basis accounts. Process cash journal entries to various subsidiary liability, expense and revenue accounts. Reconcile cash accounts to ensure accurate balancing on a daily basis. Monitor status of unapplied cash and support documentation to ensure prompt cash application. Responsible for sending payment reminders and collection letters to brokers to avoid cancellation. Analyze reports to evaluate payment status on cancelled policies and request reinstatement when applicable. Frequently coordinate and correspond with other internal departments. Correspond with Brokers, Carriers, and Finance Companies via phone, mail and email to respond to questions, investigate and resolve issues not limited to balance inquiries, payment status, refund requests, and reinstatement and follow up on outstanding items. Ensure all correspondence and requests are documented and attached to the appropriate file in the appropriate systems.

Requirements

• Associate’s or Bachelor’s degree in an insurance or accounting related discipline
• Proficiency in Microsoft Office Suite, especially Excel.
• Exceptional telephone demeanor
• Good organizational and time management skills.
• Ability to work independently and as part of a team.
• Ability to maintain a high level of confidentiality
• 1 - 2 years experience in a similar position.

Nice To Haves

• Experience with insurance, accounting and/or agency management systems preferred.

Responsibilities

• Post all incoming checks, wires, and credit transactions for both accrual and cash-basis accounts.
• Process cash journal entries to various subsidiary liability, expense and revenue accounts.
• Reconcile cash accounts to ensure accurate balancing on a daily basis.
• Monitor status of unapplied cash and support documentation to ensure prompt cash application.
• Responsible for sending payment reminders and collection letters to brokers to avoid cancellation.
• Analyze reports to evaluate payment status on cancelled policies and request reinstatement when applicable.
• Frequently coordinate and correspond with other internal departments.
• Correspond with Brokers, Carriers, and Finance Companies via phone, mail and email to respond to questions, investigate and resolve issues not limited to balance inquiries, payment status, refund requests, and reinstatement and follow up on outstanding items.
• Ensure all correspondence and requests are documented and attached to the appropriate file in the appropriate systems.

Benefits

• Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
• Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
• Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
• Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree