Associate Finance Analyst-Cash Management

IAT Insurance Group • Raleigh, NC

2d • Hybrid

About The Position

IAT Insurance Group is hiring an Associate Finance Analyst – Cash Management to support the Company’s day-to-day cash management activities. The role includes cash flow forecasting, claim funding, bank reconciliations, incoming cash application, cash transfers, settlements, bank notifications, and unclaimed property processes. The analyst reviews cash and claim payment activity, records transactions in Workday, certifies related accounts, investigates discrepancies, and helps ensure transactions are timely, accurate, properly supported, and consistent with accounting principles, internal procedures, and control requirements.

The position is based in Raleigh and follows a hybrid schedule: work from the office Monday through Wednesday, with the option to work remotely on Thursday and Friday.

Requirements

• Knowledge of basic accounting principles, systems, and processes.
• Strong Excel skills.
• Applicants must be authorized to work in the United States and must not require visa sponsorship now or in the future for employment purposes.

Nice To Haves

• Bachelor’s degree in Accounting, Finance, or a related area preferred; if not obtained, four years of related experience.
• One to three years of relevant professional experience preferred.

Responsibilities

• Perform daily claim funding analysis and validate external payment processor transactions against internal claim financial system data.
• Record claim payments in Workday daily.
• Review weekly cash requirements to facilitate funding of the claim bank account.
• Prepare monthly journal entries related to claim payment processes.
• Perform daily and monthly reconciliations for claim payment clearing and recovery suspense ledger accounts; research unreconciled items and recommend corrections.
• Monitor incoming cash transactions to ensure deposits are applied in Workday; research unapplied or unidentified receipts and coordinate resolution with appropriate business partners.
• Prepare bank reconciliations and research variances.
• Provide backup support for settlements, bank notifications, cash transfers, stop payments, voids, stale-dated payments, and other banking activities.
• Provide backup support for weekly cash flow analysis.
• Assist with unclaimed property and escheatment research, coordinating required follow-up with Claims Support and other departments.
• Assist with other assigned cash management and financial projects.

Benefits

• 26 PTO days for entry-level employees and 12 company holidays (38 paid days off).
• 7% 401(k) company match and additional profit sharing.
• Hybrid work environment.
• Training and development opportunities.
• 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