Financial Account Reconciliation Specialist

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Reconcile suspense and ledger account files between CBS and Finance.

• Prepare monthly invoices and reports related to Carrier Fees.

• Lead intricate account reconciliations and conduct detailed analysis of financial transactions.

• Prepare and organize comprehensive audit documentation and schedules.

• Oversee Internal Controls over Financial Reporting (ICFR), including control testing, documentation, and remediation efforts.

• Assist with month-end closing processes, ensuring timely journal voucher entries and the accuracy of reconciliations.

• Input journal vouchers into the accounting system with appropriate documentation, coding, and authorization.

• Investigate and resolve discrepancies in premium billing, misapplied payments, and unreconciled items across various systems.

• Manage ACH and suspense account reconciliations, addressing variances and missing transactions.

• Collaborate with Finance and operational teams on complex billing matters and accounting treatments.

• Support the creation of recurring reports and dashboards that monitor reconciliation metrics, risk exposures, and process bottlenecks.

• Provide monthly reports to management.

• Promote continuous improvement through automation, standardization, and system enhancements.

• Reconcile premiums transferred between systems and enhance reconciliation processes.

• Investigate, prepare, and finalize internal department lockbox transfers.

• Research forgiven premium requests and communicate next steps.

• Perform other duties as required or assigned.

⛳️ Requirements

• High school diploma or GED.

• Over 2 years of experience in financial reconciliation, journal vouchers, and billing operations within a corporate setting.

• Demonstrated knowledge of billing processes and accounts receivable management.

• Proficient in account reconciliation and resolving discrepancies.

• Excellent business communication skills, both verbal and written.

• Advanced skills in Microsoft Excel, including formulas, pivot tables, and VLOOKUP.

• Strong attention to detail and precision.

• Exceptional problem-solving abilities, along with strong communication and cross-functional collaboration skills.

• Preferred: Bachelor’s Degree in Finance or Accounting.

• Preferred: More than 2 years of experience in billing payroll deductions.

🏝️ Benefits

• Health, dental, and vision insurance.

• Life insurance coverage.

• Flexible Spending Account (FSA) and Health Savings Account (HSA).

• 401(k) retirement plan.

• Employee Assistance Program.

• Back-up care for children, adults, and elders.

• Health and wellness initiatives.

• Wellness program that allows employees to engage in health initiatives to lower their insurance premiums.

• Potential eligibility for bonuses.