Senior Accounts Receivable Specialist
Arthur J. Gallagher 108 reviews - Itasca, IL

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Senior Accounts Receivable Specialist - 07438

Arthur J. Gallagher & Co. , one of the world's largest insurance brokers, provides a full range of retail and wholesale property/casualty (P/C) brokerage and alternative risk transfer services globally, as well as employee benefit brokerage, consulting, and actuarial services in the United States. We also offer claims and information management, risk control consulting, and appraisal services to clients around the world.

At Arthur J. Gallagher Risk Management Services (AJGRMS) , we deliver a full range of insurance and risk management products and services, including traditional and loss-sensitive coverages, captives, alternative risk solutions, and financial products, from offices throughout the United States and Canada, and operations in Bermuda and Puerto Rico.

Position Summary
This position reports to the Accounts Receivable Manager and is responsible for team leading all receivables processes and ensuring that through a process of coaching and mentoring, the individual team members meet monthly compliance deadlines and requirements. This position is responsible for the receivables processes related to cash application of premiums and direct bill receipts, timely discrepancy resolution, aged receivable analysis and preparation of reports as needed. Provides support to Accounts Receivable Manager and other accounting functions with an emphasis on customer service, research, and analysis and problem resolution. Communicate and work closely with the Off-Shore Team.

Essential Functions:
  • Assist in resolution of cash application
  • Resolve direct bill suspense account items in a timely and accurate manner.
  • Assist in obtaining direct bill statements, checks and supporting information from insurance markets for Off-Shore Team as needed.
  • Prepare detailed client account analysis as requested.
  • Issue outstanding credit notifications and bring outstanding credits to final resolution.
  • Determine appropriate disposition of checks received in the accounting center.
  • Monitor, analyze and release credits on account in accordance with policy requirements.
  • Monitor and clear unapplied cash suspense accounts in accordance with the Finance Policy Manual.
  • Monitor bank accounts and assists Off-Shore cash application team with complicated cash receipts, wires and ACH’s.
  • Process all ACH’s as necessary.
  • Assist team members in handling complex items and overcoming obstacles in a timely, pro-active manner that ensures complete department compliance yet holds the team members accountable for attaining results.
  • Demonstrate working competency in utilizing various agency management systems such as EPIC, TAM, Sagitta, AMS-360, AFW, AIM and any additionally acquired/assigned agency management systems.
  • Comply with all corporate policies and Sarbanes-Oxley requirements.
  • Respond to internal and external customer inquiries in a timely manner.
  • Analyze research and resolve problems.
  • Prepare balance sheet account reconciliations as assigned.
  • Participate in tasks as assigned for conversion, merger and acquisition integration.
  • Provide direct support to Manager of Accounts Receivable with tasks as required.

Other Functions
  • Contribute to a cooperative team environment in which cross functions are assumed as necessary in order to meet department deadlines and goals.
  • Develop, validate and revise written procedures for processes within the department.
  • Maintain accounting support files.
  • Support and implement process efficiencies.
  • Other duties as assigned.

Job Requirements

Experience & Knowledge
  • Bachelors Degree in Accounting/Finance or equivalent job experience.
  • Minimum 6 years of general accounting experience and/or minimum 4 years insurance brokerage accounting experience preferred.
  • Demonstrated proficiency handling accounts receivable.
  • Intermediate proficiency with Excel.
  • Insurance agency management system experience preferred.

Competencies (Skills & Abilities)
  • Strong analytical and problem solving skills.
  • Exceptional attention to detail.
  • Strong sense of urgency and ability to prioritize issues.
  • Excellent verbal and written communication skills.
  • Demonstrated customer service focus.
  • Strong teamwork orientation; willingness to help larger team meet goals and responsibilities.
  • Ability to interact effectively with all levels of staff.
  • Demonstrated ability to take initiative and achieve results in a fast-paced and changing environment
Working Conditions
  • Occasional travel required
  • Ability and dependability to work additional hours as needed to meet individual, team and department goals.
U.S. Eligibility Requirements:
  • Interested candidates must submit an application and resume/CV online to be considered
  • Must be 18 years of age or older
  • Must be willing to submit to a background investigation; any offer of employment is conditioned upon the successful completion of a background investigation
  • Must have unrestricted work authorization to work in the United States. For U.S. employment opportunities, Gallagher hires U.S. citizens, permanent residents, asylees, refugees, and temporary residents. Temporary residence does not include those with non-immigrant work authorization (F, J, H or L visas), such as students in practical training status. Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. Gallagher will require proof of work authorization
  • Must be willing to execute Gallagher's Employee Agreement or Confidentiality and Non-Disclosure Agreement, which require, among other things, post-employment obligations relating to non-solicitation, confidentiality and non-disclosure
Gallagher offers competitive salaries and benefits, including: medical/dental/vision plans, life and accident insurance, 401(K), employee stock purchase plan, educational expense reimbursement, employee assistance program, flexible work hours (availability varies by office and job function) training programs, matching gift program, and more.

Gallagher believes that all persons are entitled to equal employment opportunity and does not discriminate against nor favor any applicant because of race, color, religion, sex, age, veteran status, disability, national origin, or any other legally protected status. Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

About this company
108 reviews
Arthur J. Gallagher knows all about risky business. The company provides insurance brokerage and risk management services through a network...