Accounts Receivables Cash Analyst

IAT Insurance Group • Kansas City, MO

6d • Hybrid

About The Position

IAT Insurance Group has an immediate opening for an Receivables Cash Analyst in our Kansas City, Missouri location. In this role, the candidate will be responsible for the timely and precise entry of cash receipts, reconcile payment discrepancies and maintain detailed records to support financial accuracy. This position plays a key role in managing company-wide receivables involving $531 Million annually. For successful execution, the position requires the candidate to possess knowledge of cash management, billing, collections, reconciliation, commissions, and account payables functions. This position also requires daily interaction with agents, brokers, vendors, internal departments, and outside banking personnel. This role works a hybrid schedule from an IAT Office. The hybrid schedule requires working from the office Monday through Wednesday, with the option of working Thursday and Friday remotely. IAT Insurance Group is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers. At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify. IAT is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.

Requirements

• Minimum of 3+ years of financial or accounts receivable experience, including experience in the insurance and banking industries or a bachelor’s in business administration, Accounting, Finance, or related degree
• Working knowledge of accounting practices and accepted office procedures
• Strong verbal and written communication and comprehension skills
• Ability to perform detailed work with numerical data and perform mathematical calculations rapidly and accurately
• Ability to understand and follow detailed oral and written instruction
• Strong analytical & Excel skills
• Must be comfortable with change
• Must be able to work within a team environment

Responsibilities

• Retrieve deposit information from bank and posts payments per remittance detail
• Process payments via credit card, checks, wires, and ACHs
• Reconcile incoming payments with billed amounts and advise account representatives of discrepancies
• Enters check requests for refunds into accounts payable system
• Manage daily remote deposit transactions to the bank
• Verifies daily lockbox payment applications and works with internal and external contacts to make corrections as necessary
• Works with internal contacts to ensure billing is processed for all unapplied payments
• Handles returned payments and provides timely updates to both internal and external partners regarding the status of these items
• Assists with maintaining and preparing reports for ledger accounts, analyzes variances according to AR policies
• Analyze cash flow patterns, identify trends, and implement solutions to improve cash management, automation, and financial controls
• Performs other ad-hoc duties as assigned

Benefits

• 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
• 7% 401(k) Company Match and additional Profit Sharing
• Hybrid work environment
• Numerous training and development opportunities to assist you in furthering your career
• Healthcare and Wellness Programs
• Opportunity to earn performance-based bonuses
• College Loan Assistance Support Plan
• Educational Assistance Program
• Mentorship Program
• Dress for Your Day Policy

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level