AccountsReceiveAnalyst Level I

About the Role:

The Accounts Receive Analyst Level I plays a critical role in managing and reconciling incoming payments within the insurance industry, ensuring accuracy and timeliness in the accounts receivable process. This position is responsible for monitoring customer accounts, processing payments, and resolving discrepancies to maintain financial integrity. The analyst will collaborate closely with internal teams such as billing, underwriting, and customer service to support seamless financial operations. By maintaining detailed records and generating reports, the role contributes to informed decision-making and effective cash flow management. Ultimately, this position supports the company’s financial health by ensuring that receivables are accurately recorded and collected in accordance with company policies and regulatory requirements.

Minimum Qualifications:

• High school diploma or equivalent; Associate’s degree in Accounting, Finance, or related field preferred.
• Basic understanding of accounting principles and accounts receivable processes.
• Proficiency with Microsoft Office Suite, especially Excel.
• Strong attention to detail and organizational skills.
• Ability to communicate clearly and professionally both verbally and in writing.

Preferred Qualifications:

• Experience working in the insurance industry or a related financial services environment.
• Familiarity with accounting software such as SAP, Oracle, or similar ERP systems.
• Knowledge of insurance billing and payment processes.
• Prior experience in accounts receivable or collections roles.
• Certification in accounting or finance (e.g., CPA, CMA) is a plus.

Responsibilities:

• Process and apply incoming payments accurately to customer accounts in the accounting system.
• Reconcile accounts receivable balances and investigate discrepancies or payment variances.
• Communicate with customers and internal departments to resolve payment issues and clarify account status.
• Prepare and maintain detailed documentation and reports related to accounts receivable activities.
• Assist in month-end closing activities by providing accurate accounts receivable data and supporting schedules.

Skills:

The required skills enable the analyst to accurately process and reconcile payments, ensuring that all financial transactions are recorded correctly and efficiently. Strong organizational and communication skills are essential for coordinating with customers and internal teams to resolve discrepancies and maintain account accuracy. Proficiency in Excel and accounting software supports the preparation of detailed reports and data analysis, which are critical for month-end closing and financial reporting. Preferred skills such as industry-specific knowledge and ERP system experience enhance the analyst’s ability to navigate complex insurance billing processes and improve operational efficiency. Together, these skills ensure the analyst can contribute effectively to the company’s financial operations and support overall business objectives.