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Accounting Specialist - Schaumburg, Illinois, United States - Marsh McLennan Agency, LLC
Description
Overview:
The Accounting Specialist is an action-oriented numbers aficionado who ensures the accounts receivable functions are completed in a smooth and timely fashion.
They provide consistent, excellent client service in all interactions with employees, clients, and insurance carriers in working through any billing discrepancies.
Additionally, the Accounting Specialist will assist the Accounting team and others involved in the implementation of new accounting procedures and processes.
By following appropriate accounting practices and standards, the Accounting Specialist plays a large role in minimizing financial risks to the organization, which ultimately leads to maximizing the health of the overall company.
Responsibilities:
ACCOUNTS RECEIVABLE MANAGEMENT
Reconcile agency bill statements/invoices received on a monthly basis
Code each entry according to agency, carrier, customer, and policy status
Research items that don't appear to be correct in the Agency Management System and work with the service teams if necessary to correct
Reviews cash receipts on client accounts and identifies shortfalls and payment discrepancies
Work with Carriers, Producers, Account Managers, and insurance companies to resolve billing discrepancies
For carrier/vendor payables, verify proper documentation from carriers/vendors are received prior if issuing payment
For carrier/vendor payables, ensure all payments and/or receipts to carriers/vendors are made only when all client funds have been received OR has confirmation of payment guarantee from the Produce
DATA INTEGRITY & QUALITY
Maintains accurate and complete client data in agency management systems
Consistently achieves data integrity and meets activity timeliness, quality metrics, and goals
Utilizes internal resources for identified processes to ensure efficiency and consistency in execution
PEER RELATIONSHIPS
Provides feedback and shares information at team meetings
Develops successful and effective working relationships with Producers, Account Executives, Account Managers, service team members, managers, carriers, and members of other departments
Communicates effectively with peers, service teams, Account Executives and Producers with providing timely and complete information to allow them to effectively manage service execution
Qualifications:
REQUIRED:
2+ years Accounts Payable/Receivable experience
Detail-oriented with excellent organizational and time management skills
Good interpersonal skills and high sense of urgency
Proficiency with Microsoft Office, including Microsoft Excel
PREFERRED:
Prior experience with Applied Epic
Prior insurance industry experience helpful, but not required
AS/BA in Accounting or related field, preferred
About Marsh McLennan Agency Midwest
Marsh McLennan Agency's Midwest Region is a full-service brokerage providing business insurance, employee benefits, private client insurance, and retirement services to businesses and individuals across the country.
MMA Midwest is consistently recognized as a top workplace, attracting and retaining its insurance talent by rewarding expertise and investing in career development.
Colleagues enjoy an award-winning culture that fosters a highly productive and results-driven working environment.A Great Place to Work. A Great Place to Perk.
Recognized for workplace culture by the likes of Fortune Magazine, The Chicago Tribune and more, our colleagues enjoy an environment that fosters creativity as well as individual and organizational growth.
Medical, dental, vision, 401K benefits and more
The flexibility to work at home or an office
A paid day off to volunteer and company-organized volunteer events
Up to $1,000 per year in matching charitable donations
Up to $750 per year in wellness rewards
A company-wide mentality that you can never appreciate your co-workers too much
Who You Are is Who We Are
MMA Midwest has created an award-winning culture largely due to meeting our colleagues where they are, celebrating their differences and building an inclusive environment.
We challenge ourselves to create a workplace where our colleagues feel not only welcomed, but feel they belong; where we not only embrace diverse perspectives and opinions but seek them out; and where we ask not how a colleague fits our culture, but what they add to it.
