Cash Application Specialist

Captive Resources • Itasca, IL

1d

About The Position

A cash application specialist handles cash applications for over 40 Captives, totaling over $4.7B of premium. Responsible for reviewing, processing, and analyzing incoming payments. Works with broker partners and internal departments to obtain necessary documentation needed to reconcile unapplied cash.

Requirements

• Associate’s degree in business or other related discipline.
• Accounting or Finance experience required with at least two (2) years of cash-handling experience; within the insurance industry is a plus.
• Detail oriented.
• High level of confidentiality.
• High level of accuracy.
• Ability to handle deadlines and work under pressure at times.
• Organizational, planning, and prioritization skills.
• Strong analytical, problem solving, and judgment skills.
• Works well independently and in a team environment.
• Sense of accomplishment.
• Strong initiative.
• Interpersonal skills and open communication.
• Commitment to company values.
• Strong proficiency in Microsoft Office - Word, Excel. (Intermediate to Advanced)

Nice To Haves

• Accounting or Finance experience within the insurance industry

Responsibilities

• Application of cash to open invoices in company systems or spreadsheets, as applicable.
• Generate monthly wires to report the incoming and outgoing cash, including communication to external service providers.
• Research and document the application of broker payments to individual captive member accounts.
• Work with internal and external contacts to investigate and resolve any irregularities, inquiries and partial payments.
• Decipher and reconcile unapplied cash.
• Highlight discrepancies and/or concerns to appropriate teams, including management as appropriate.
• Perform other related duties incidental to the work described herein.

What This Job Offers

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