3 Accounting Specialist Jobs in Schaumburg, IL
myGwork - LGBTQ+ Business Community is Hiring an Accounting Specialist Near Schaumburg, IL
The Accounting Specialist is an action-oriented numbers aficionado who ensures the accounts receivable functions are completed in a smooth and timely fashion. They work directly with the MMA regional teams and carriers to facilitate accurate and timely processing of premium payments. 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.
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
- 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
- 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
- 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
- Prior experience with Applied Epic
- Prior insurance industry experience helpful, but not required
- AS/BA in Accounting or related field, preferred
- 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
#MMAMW
Job Summary
Full Time
$68k-84k (estimate)
06/02/2024
07/20/2024
The job skills required for Accounting Specialist include Accounting, Accounts Payable, Accounts Receivable, Billing, Microsoft Office, Microsoft Excel, etc. Having related job skills and expertise will give you an advantage when applying to be an Accounting Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Accounting Specialist. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Accounting Specialist positions, which can be used as a reference in future career path planning. As an Accounting Specialist, it can be promoted into senior positions as a Bookkeeping Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Accounting Specialist. You can explore the career advancement for an Accounting Specialist below and select your interested title to get hiring information.
If you are interested in becoming an Accounting Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become an Accounting Specialist for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Accounting Specialist job description and responsibilities
Accounting specialists are required to handle the full accounting process by preparing monthly trial balances and financial statements.
12/30/2021: Pittsburgh, PA
An accounting specialist works within an organization to manage all sorts of financial records and accomplish accounting functions.
01/08/2022: Carson City, NV
The accounting specialist will have the task of applying payments to vendor accounts and ensuring the processing and recording of cleared checks.
03/02/2022: Bangor, ME
They oversee all the accounting practices and financial data for an organization and prepare regular and monthly reports, financial statements, and other related tasks for upper management and clients.
02/16/2022: Biloxi, MS
The specialist also reports to management on such matters as budget discrepancies and requests for a supplementary budget allocation for special projects.
02/03/2022: Newark, NJ
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Accounting Specialist jobs
An accounting specialist uses a plethora of accounting software and general business software to accomplish their daily tasks.
02/02/2022: Kennewick, WA
A computerized business accounting specialist must always stay current on the latest software trends and changes to current accounting programs.
01/25/2022: Stockton, CA
Accounting specialists who aspire to more advanced positions might need to pass the Certified Public Accountant exam.
12/16/2021: Macon, GA
Learn how the business world works and gain the skills and experience of a specialist.
03/07/2022: Bakersfield, CA
The ammunition stock control and accounting specialist operates the Standard Ammunition and Accounting System-Modernized computer hardware and software, and utilizes manual records to perform stock control and accounting procedures for ammunition, explosi
02/15/2022: Springfield, OH
Step 3: View the best colleges and universities for Accounting Specialist.
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