Accounting Specialist - Accounts Receivable
Description
Title: Accounting Specialist – Accounts Receivable
Welcome to Insurance Office of America – one of the nation’s largest and premier privately held insurance agencies! Recognized as a Top Workplaces USA Award winner, IOA’s commitment to both a rewarding culture and employee satisfaction is unwavering. Prioritizing a strong work/life balance, personal and professional growth, competitive benefits, and giving back to our community aren’t just clichés here – they’re a part of who we are. With a growing workforce and over 60 office locations across the US and Northern Ireland, we can confidently serve our clients with an unmatched standard of excellence.
Want to learn more? Complete the application below and one of our talented recruiters will be ready to answer any other questions you may have.
Job Summary
This position is responsible for following policies and procedures established for the day-to-day Direct Bill accounting functions and task of Insurance Office of America. This will involve accurately recording commission received from insurance carriers and brokers. Commission Statements are hand-keyed, downloaded or imported in our data management system. Excellent communication with our internal operations team is required.
What You’ll Do:
- Monitor daily banking activity and the Accounts Receivable inbox, identifying client premium payments and premium finance funding available to be applied to client accounts
- Responsible for monthly recording of commission received from carriers : Enter EFT deposits, complete checks deposits, contact carrier to have direct deposits setup as needed
- Balance EFT bank account to EPIC
- Properly apply cash deposits in the general ledger to the client’s account and/or underlying accounts receivable invoices, working directly with the operations team to immediately resolve discrepancies between cash receipts and general ledger entries
- Record carrier payments which have been swept from the trust bank account, as a result of a client depositing direct bill premiums into the company’s bank account
- Proactively monitor unapplied cash reports and AR aging reports to identify items that need attention and work directly with operations or the appropriate party to determine a timely and appropriate resolution
- Address accounts receivable related questions or requests that come though the Accounts Receivable shared email inbox in a timely manner
- Compile and electronically archive supporting documentation for cash deposits
What We’re Looking For:
- Entry level – 2 years of previous accounting experience preferred.
- Excellent administrative, multi-tasking and organizational skills with the ability to pay strong attention to detail
- Ability to analyze and problem solve complex issues
- Outstanding verbal and written communication skills
- Strong knowledge of Microsoft Outlook, Excel and Word
- Ability to use standard office equipment such as 10 key calculator, copier and scanner
- High School diploma (or equivalent)
What We Offer:
- Competitive salaries and bonus earning potential
- Great benefits, including company paid health insurance
- Paid time off for holidays, vacations, and sick time
- 401K with an employer match
- Participation in our employee stock plan
- Opportunities for professional growth and career progression
- A culture that emphasizes respect for every individual
- Company commitment to work/family life balance and community service
- Teammates who share your drive for excellence
- Knowing every day you are helping our clients protect their families and businesses
Still wondering if IOA is the right fit for you?
- If you want to feel the significance of knowing your efforts have been both recognized, appreciated and rewarded, then IOA is right for you.
- If you want to feel valued and have a real influence towards the continued success of your organization, then IOA is right for you.
- If you want to feel the peace of knowing that you’ve made the best decision of your professional life, then IOA is right for you.
Any unsolicited resumes or candidate profiles submitted to e-mail accounts of employees of Insurance Office of America, hereafter referred to as IOA, or any of its subsidiaries are considered property of IOA for recruiting purposes and are not subject to payment of agency fees. In order to be an authorized vendor for IOA, any such agency must have an existing formal written agreement signed by an authorized IOA HR leader and an active working relationship with the organization. Resumes must be submitted according to our candidate submission process, which includes being actively engaged by IOA on the particular search by a member of our Talent Acquisition Team. Likewise, for our authorized Vendors, if the candidate submission process is not followed, no agency fees will be paid by IOA or our subsidiaries.