Accounts Receivable Executive

Responsibility

• Responsible for accurately processing and recording customer payments, reconciling accounts, and handling payment discrepancies to ensure proper financial record-keeping, posting of cash received

• Responsible for posting payments from various lockboxes to the customer accounts in a timely manner

• Applying the payment received against commission, movement of funds from collection account to corporate account and passing appropriate journal entry

• research and resolution of aged unidentified and unapplied cash receipts and accurate posting to customer accounts

• Coordinate payments made by a lockbox ACH/Wire and other adjustments to customer account for credits/debits and account write-offs

• Work with both internal/external stakeholders to resolve for unidentified cash

• Reconcile Cash - Balance Accounting system funds against bank deposits and daily/monthly reconciliations

• Communicate effectively with customers and internal teams regarding required remittance or cash application information

• Identify areas of improvement to streamline and automate the process

• Update process documentation that includes Standard Operating procedures / FMEAs / SIPOCs and other Quality manuals as and when required.

• Supervises, coordinates, and directs the work activities of assigned employees.

Skills Required

• Graduate with a minimum of 1 to 4 yrs of experience in Accounts Receivables (Cash Applications preferred)

• Working knowledge of various insurance agency management systems (AMS) such as Benefit Point Applied EPIC is preferred

• Prior experience in the insurance brokerage industry or P&C insurance • Provide excellent Customer Service to internal and external customers • Excellent verbal (oral) and written communication

• Proficient with MS Office - Microsoft Excel and Microsoft Outlook (Other system experience is a plus)

Strong analytical and organizational skills with attention to detail

• Ability to execute transactions as per prescribed guidelines and timelines in order to meet the SLA and quality standards.

• Willing SLA and quality standards.

• Willingness to work in US shift hours (CST hours)