The Company Payables Specialist will be primarily responsible for paying insurance carriers proficiently and accurately. This involves collaboration with internal account managers, producers, and insurance carrier accounting representatives. A large volume of these carrier payments are due around the 15th of each month. This position will help support the Accounting Team with various tasks and projects. This position handles highly confidential information.
Duties also include various Accounting Department functions including, but not limited to:
Preparation and processing reconciliations. Internal reports need to be “reconciled” against carrier statements.
Paying insurance carriers on time and accurately.
Tracking and logging carrier payment information into data management software.
Proactively reviewing applicable accounting reports and the AP register to ensure accuracy of internal billings at all times.
Providing ad-hoc reports as requested
Preparing journal entries as needed
Work on special projects as assigned
Provide the Accounting team with support and back-up with various tasks
Participate in improving accuracy and efficiencies in accounting processes Knowledge and Skills:
Vendor payables experience. At least two years of experience.
Deep understanding of accounts payable concepts, practices, and procedures.
Understanding of the components of a P&L, Balance Sheet and Trial Balance.
Sagitta Knowledge Requirements:
Sagitta Accounting Modules & Financial Reports
Accounts Receivables/Receipts (client/vendor/carrier/premium finance)
Accounts Payable (carrier/vendor)
Aged Accounts Receivables and Adjustments
Experience and Education
2+ years of Accounts Payable experience, and 4+ years of experience in the accounting field. Or Bachelor’s degree and +2 years experience in the accounting field.
System knowledge Requirements:
Excel. Vlookups, Pivot tables, Sort, Filter, Etc.
Access. Familiarity with access
Skills desired in an ideal candidate:
Comfortable with analyzing large amounts of data
Excellent problem solving skills
Strong written and verbal communication skills
Team player with the ability to work autonomously
Ability to prioritize projects and responsiblities
Proactive and solution-oriented approach towards business problems and process improvements
Occasional lifting of files approximately 20 pounds or less
Valid driver’s license if visiting branch office is required
Ability to work overtime if needed
Willingness to work a flexible schedule
Limited travel requirement, if any, for branch visits, training, and conferences