Remittance Processing Clerk
Full-time
RLI Corp
: About Us We're not like other insurance companies. From our specialty products to our business model, our culture to our results we're different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn't just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us. RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar a testament to our culture and validation of our reputation as an excellent underwriting company. Our insurance subsidiaries are rated A+ Superior by AM Best company and A Strong by Standard & Poor's. Check out our strong financial track record here . Position Purpose The Remittance Processing Clerk is responsible for processing the daily lockboxes and accurately posting electronic and manual remittances for all payers using the company's database software. Ensures all remittance work is completed timely and department deadlines are met. Reports all remittance system issues to the Sr. Remittance Processing Clerk or Accounting Processing Supervisor. Principal Duties & Responsibilities
- Post payments to subsidiary ledgers using the company's database software. Payment posting tasks can include some or all of the following: a. Data entry of incoming payment information b. Extracting and manipulating data for input into different systems c. Analyzing account information d. Creation and manipulation of spreadsheets
- Ensure all monetary amounts are accurately calculated and posted by checking others' calculations and making corrections and adjustments when necessary.
- Decipher information from remittance documentation and apply any exceptions to the appropriate account.
- Communicate with internal and external contacts regarding deposit and/or remittance information.
- Assist in other duties or projects as needed. Education & Experience
- Typically requires a high school diploma
- 0+ years of related experience
- [OR] equivalent level of education and experience
- Understands basic principles of Accounts Receivable and accounting transactions
- Energetic and easily adaptable to change
- Self-motivated with a high attention to detail and good analytical skills
- Intermediate mathematical skills with the ability to perform computations accurately and ability to identify errors in calculations and balances
- Proficiency in Microsoft Excel and Outlook
- Excellent keyboarding skills
- Ability to multi-task
- Ability to communicate effectively and professionally
- Ability to work in a fast paced small team environment
- Ability to analyze routine remittance processing issues and provide workable solutions
- Ability to use software applications to ensure accurate posting of receipts to accounts
- Nationwide employment opportunities
- Training & certification opportunities
- Tuition reimbursement
- Education bonuses
- Employee stock ownership plan (ESOP)
- 401(k) automatic 3% company contribution
- Annual discretionary 401k and ESOP profit-sharing contribution (up to 15% of base salary)
- Annual bonus plans
- Paid time off (PTO) and holidays
- Paid volunteer time off (VTO) to support our communities
- Parental and family care leave
- Flexible & hybrid work arrangements
- Fitness center discounts and free virtual fitness platform
- Employee assistance program
- Comprehensive medical, dental and vision benefits
- Flexible spending and health savings accounts
- 2x Base Salary for Group Life and AD&D insurance
- Voluntary life insurance for purchase
- Critical Illness & Accident insurance
- Short-term and long-term disability benefits
Vacancy posted 19 hours ago
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