Cash Specialist

Starr Companies Philadelphia , PA 19107

Posted 2 weeks ago

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world's fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.About the jobStarr Insurance Companies is a global insurance and investment organization providing property and casualty insurance solutions to business and industry, and one of the fastest-growing insurance companies in the world. Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.The Cash Specialist will work in Collections handling the following responsibilities:*
  • Identify cash receipts at the policy and company level. * Prepare daily cash log of payments used for posting and applying payments. * Maintain and issue YTD Cash logs. * Post and apply daily cash receipts in the Great Plains system. * Book bank transaction journal entries for non-premium cash deposits. * Prepare monthly bank reconciliation in Great Plains to ensure all cash deposits agree to the bank statement. * Participate in the preparation of the Weekly Cash Receipt report. * Review broker backups and help resolve unapplied and unidentified cash. * Send emails out on unapplied cash. * Research and resolve unidentified cash receipts. * Prepare and post debit/credit memos to apply cash as needed * Prepare and submit RP requests when needed to refund money to brokers * Provide backup support for colleagues and auditors as needed. * Perform special projects as requestedRequirements*
  • Business and/or Accounting Degree* 3-5 years of experience * Team Player * Proficient in Excel * Strong Analytical and Problem-Solving Skills * Must be able to work with minimal supervision * Ability to identify and suggest ways to improve existing processes * Must be proactive in resolving problems. * Experience with Great Plains is preferredStarr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
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