Accounting Analyst

Job Description

s an Insurance Payable Analyst, you will play a vital role in our financial operations, focusing on tasks related to payment processing, discrepancy resolution, reconciliation, and support for Account Managers. Your exceptional attention to detail, strong customer service skills, and problem-solving abilities will be essential in successfully carrying out this role. You will be responsible for reconciling assigned carriers, ensuring compliance with payment terms, and facilitating agency bill functions within Risk Strategies.

Key Responsibilities:

• Payment Approval Oversight:
  • Review and approve daily payments completed by the Insurance Payable Processors.
  • Process payments as needed for urgent situations
• Reconciliation and Documentation:
  • Regularly reconcile carrier statements, and invoices that are billed in the agency management system to the carrier documentation.  All carriers required to be reconciled minimally every 60 days.
  • Ensure that the Insurance payable processor completes payments in a timely manner and adheres to carrier payment terms.
• Cancellation Notices and Return Checks:
  • Handle cancellation notices with sensitivity and ensure immediate processing.
  • Timely reconciliation of all Carrier Return checks and proper application of funds.
• Discrepancy Resolution:
  • Manage “Need Client Funds” tasks received from RSP and collaborate with account managers to collect necessary funds.
  • Address “Discrepancy” tasks assigned by RSP daily, reviewing and completing the communication started by the Insurance payable processor, creating account currents and attaching follow-up emails in Work Smart.
  • Review and work through tasks assigned by RSP, sending emails to account managers, carriers, or brokers to settle discrepancies and follow up and escalate as needed.
• Carrier Knowledge:
  • Expected to be knowledgeable of billing cycles for carriers and brokers you support. Also familiar with the carrier contacts needed to complete your work

Additional Responsibilities:

• System Maintenance:
  • Request banking information changes in AMS and notify the accounting supervisor to update the Smartsheet and D365 accordingly.
• Portal Tickets:
  • Address assigned portal tickets in a timely manner, prioritizing, and organizing your workload consistently.
• Task Prioritization:
  • Prioritize and organize your workload consistently, ensuring that all tasks are handled efficiently.
• Carrier-Specific Updates:
  • Update carrier specifics as needed, keeping records accurate and up to date.
• Peer Support:
  • Provide backup support for assigned peers when they are out of the office.

Qualifications:

• High School Diploma or equivalent (Bachelor’s degree in accounting or related field preferred)
• 1-3 years’ experience within accounts payable required, insurance accounting recommended
• Experience with AMS360 and/or Worksmart a definite plus
• Strong attention to detail and accuracy in financial transactions
• Strong Customer Service and time management skills
• Proficiency in using accounting software and Microsoft Office Suite including Smartsheet
• Strong ability to work effectively both independently and as part of a team.
• Analytical mindset with a keen attention to detail and ability to be organized
• Capability to thrive in a fast-paced, ever-changing work environment.

Additional Information:

This position is remote; however, travel may be required for training, meetings, and other collaborative activities.

Risk Strategies is an equal opportunity workplace and is committed to ensuring equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, Veteran status, or other legally protected characteristics. Learn more about working at Risk Strategies by visiting our careers page: www.risk-strategies.com/careers.