Cash Application Specialist
Hub International
Chilliwack, British Columbia
7h ago

About HUB International Limited

HUB International Limited ("HUB") is the 7th largest global insurance and employee benefits broker, providing a broad array of property, casualty, risk management, life and health, employee benefits, investment and wealth management products and services.

With over 10,000 employees in 450 offices throughout North America, HUB has grown substantially, in part due to our industry leading success in mergers and acquisitions.

About the Position

The Cash Application Specialist I position reports to the Cash Application Supervisor and is primarily responsible for posting of cash receipts for multiple bank accounts on a daily basis.

Essential Duties and Responsibilities :

Retrieve deposit information from lockbox or remote deposit capture

Retrieve electronic deposit information from Online Bank Account Daily Activity reports

Posting of all cash receipts for multiple bank accounts in Broker Management system on a daily basis

Reconcile cash accounts daily to make sure that all items are accounted for

Process small balance write offs in Broker Management System

Process non-sufficient checks in Broker Management System

Follow up with Client Service team for any exception payments and post accordingly

Partner with accounting and client service team to quickly bring issues to their attention, working to understand the root cause and offering potential solutions

Research and resolve unapplied cash in suspense and cash on account at client level

Escalate unresolved items to supervisor per pre-determined aging timeline

May assist in other special projects as required

Perform other duties as assigned by supervisor

Required Experience :

High school diploma or GED; some college courses preferred

At least 2 years of experience in the accounting field

Experience in a shared services accounting environment is a plus

Insurance brokerage experience preferred

Excellent written and verbal communication skills

Basic Excel skills at a minimum, with intermediate level skills preferred (v-lookups, pivot tables, etc...)

Strong analytical and problem solving skills

Ability to work under pressure to meet deadlines

High degree of accuracy with a good eye for detail

Self-motivated and proactive

Demonstrated ability to take initiative and achieve results in a fast-paced and changing environment

Department Accounting & Finance

Required Experience : 1-2 years

Required Travel : Negligible

Required Education : High school or equivalent

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