Cash Cycle Specialist 

Job Summary:

The Cash Cycle Specialist plays a critical role in supporting the financial operations of our Commercial Risk division. Responsible for managing cash application, collections, carrier disbursements, and bank reconciliations, this position ensures the integrity of accounts receivable data while collaborating closely with internal teams and external partners.

Key Responsibilities:

• Oversee the end-to-end cash application process, ensuring timely and accurate posting of payments received from clients, carriers, and other partners.
• Manage collections activities for outstanding receivables, proactively engaging with clients and carriers to resolve payment issues and reduce aged debt.
• Process carrier disbursements, ensuring accuracy and compliance with contractual and regulatory requirements.
• Perform daily, weekly, and monthly bank reconciliations, investigating and resolving discrepancies to maintain accurate financial records.
• Maintain data integrity within accounts receivable systems, regularly auditing transactions and collaborating with stakeholders to address and correct errors.
• Collaborate with the Commercial Risk accounting and finance teams to support month-end and year-end closing processes.
• Prepare and present accounts receivable reports to management, highlighting trends, risks, and opportunities for process improvement.
• Partner with business leaders and external partners to resolve complex accounts receivable issues and enhance cash flow performance.
• Ensure all accounts receivable processes comply with internal controls, company policies, and relevant regulatory standards.
• Contribute to continuous improvement initiatives by identifying opportunities to streamline workflows and enhance data quality.

Requirements:

• 3+ years of accounts receivable or related accounting/finance experience.
• Experience in cash application, collections, and bank reconciliation.
• Strong understanding of accounting principles (U.S. GAAP) and financial controls (such as SOX).
• Demonstrated ability to analyze and resolve complex accounts receivable issues.
• Proficiency with accounts receivable systems and Microsoft Excel.
• Excellent communication and interpersonal skills, with the ability to build effective relationships across teams and with external partners.
• Self-motivated, results-driven, and detail-oriented, with a demonstrated commitment to data integrity.

Preferred Qualifications:

• Experience working within the commercial risk insurance industry.
• Familiarity with carrier disbursement processes and insurance accounting practices.
• Knowledge of ERP and financial management systems (such as SAP, Oracle, or similar platforms).
• Experience with process improvement and data quality initiatives.

Benefits:

• A competitive total rewards package.
• Continuing education and training opportunities.
• Access to tremendous potential with a growing worldwide organization.
• Supportive and collaborative workplace culture.
• Empowerment through innovative and effective risk management solutions.