Senior Cash Application Specialist

Gallagher•Rolling Meadows, IL

About The Position

Join Our Team as a Senior Cash Application Specialist at Gallagher Bassett! Are you a detail-driven professional with a passion for accuracy and efficiency? Do you thrive in a fast-paced environment where your analytical skills and commitment to excellence can make a real impact? If so, Gallagher Bassett has an exciting opportunity for you! We are seeking a Senior Cash Application Specialist to join our dynamic team and play a vital role in ensuring the seamless flow of financial operations. At Gallagher Bassett, we pride ourselves on fostering a collaborative and supportive work environment where your contributions are valued, and your career growth is prioritized. As a global leader in insurance and risk management, we offer the opportunity to work with a team of industry experts and make a difference in the lives of our clients.

Requirements

A Bachelor’s degree and at least 4 years of related experience.
Proficiency in Microsoft Excel and financial management software.

Nice To Haves

A Bachelor’s degree in Accounting or Finance is highly preferred.
Strong analytical skills and a proactive approach to problem-solving.
Exceptional organizational skills and attention to detail.
The ability to work independently and collaboratively within a team.

Responsibilities

Payment Processing: Accurately and promptly process incoming payments (checks, ACH, wire transfers, etc.) to client accounts.
Discrepancy Resolution: Investigate and reconcile payment discrepancies, collaborating with internal teams and clients to resolve issues.
Record Maintenance: Maintain detailed and organized records of cash application activities, ensuring compliance with company policies and audit requirements.
Problem Solving: Research and resolve unapplied or misapplied payments, ensuring all accounts are up-to-date and accurate.
Team Leadership: Oversee and manage the activities of the GCOE Cash Application Team, fostering collaboration and driving efficiency. Streamline processes to enhance productivity and ensure seamless operations.
Team Collaboration: Partner with collections and accounts receivable teams to streamline financial operations and enhance efficiency.
Reporting: Prepare and analyze daily, weekly, and monthly reports on cash application activities to support decision-making.
Audit Support: Assist with audits by providing accurate documentation and insights as needed.

Benefits

Medical/dental/vision plans, which start from day one!
Life and accident insurance
401(K) and Roth options
Tax-advantaged accounts (HSA, FSA)
Educational expense reimbursement
Paid parental leave
Digital mental health services (Talkspace)
Flexible work hours (availability varies by office and job function)
Training programs
Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
Charitable matching gift program